Financial Performance - Net profit attributable to shareholders rose by 27.59% to CNY 13,623,033.64 for Q1 2024, up from CNY 10,677,413.21 in the same period last year[12] - Operating revenue for Q1 2024 was CNY 135,450,323.90, reflecting a 2.17% increase from CNY 132,579,776.55 in Q1 2023[12] - The company's operating profit for Q1 2024 was ¥15,140,200.58, an increase from ¥13,323,458.18 in Q1 2023[38] - Net profit for Q1 2024 was ¥13,751,766.69, representing a 20.1% increase from ¥11,451,846.64 in Q1 2023[38] - The company's total equity increased to ¥496,572,204.43 in Q1 2024, up from ¥484,509,674.33 in Q1 2023[36] - The weighted average return on equity based on net profit attributable to shareholders was 2.72% for Q1 2024, down from 2.98% in the previous year[12] Assets and Liabilities - Total assets increased by 13.68% to CNY 889,117,532.10 as of March 31, 2024, compared to CNY 782,129,731.76 at the end of 2023[12] - Total liabilities rose to ¥372,011,960.19, compared to ¥279,661,032.36, reflecting an increase of about 33.0%[33] - Current liabilities increased significantly to ¥367,518,510.78 from ¥274,902,205.81, marking a rise of approximately 33.7%[32] - Non-current assets totaled ¥236,319,051.52, slightly down from ¥236,376,708.84, indicating a marginal decrease[35] Cash Flow - The company reported a cash balance of 304,990,099.72 yuan as of March 31, 2024, an increase from 282,870,265.71 yuan at the end of 2023[31] - Operating cash inflow for Q1 2024 was CNY 57,269,799.77, up from CNY 41,799,407.74 in Q1 2023, representing a 37% increase[42] - Cash inflow from financing activities increased significantly to CNY 69,800,000.00 in Q1 2024, compared to CNY 20,000,000.00 in Q1 2023, marking a 249% increase[43] - The net increase in cash and cash equivalents for Q1 2024 was CNY 21,476,902.33, compared to a net decrease of CNY -42,601,676.53 in Q1 2023[43] Accounts Receivable and Inventory - Accounts receivable increased significantly by 74.93% to CNY 150,335,345.25, influenced by increased credit terms and collection policies[13] - Inventory levels rose to 108,981,813.51 yuan compared to 95,890,427.21 yuan previously, reflecting increased stock[31] - Accounts receivable grew to ¥127,491,987.27 from ¥73,376,939.66, showing a substantial increase of approximately 73.8%[34] - Inventory increased to ¥92,505,971.25 from ¥82,206,207.85, reflecting a growth of about 12.9%[34] Shareholder Information - The total number of ordinary shares remained at 151,712,787, with 4,457 shareholders as of the report date[19] - The largest shareholder, Guangxi Yuchai Machinery Group Co., Ltd., holds 48.20% of the shares, totaling 73,120,000 shares[22] - The total number of shares held by the top ten shareholders is 116,604,952, representing 76.86% of the total shares[22] Other Financial Metrics - The company reported a significant increase in other income to CNY 3,210,218.47, attributed to tax reduction policies for advanced manufacturing enterprises[14] - Research and development expenses rose to ¥5,170,039.88 in Q1 2024, compared to ¥4,710,760.93 in Q1 2023, indicating a focus on innovation[37] - The company reported a financial income of ¥2,273,052.32 in Q1 2024, significantly higher than ¥803,432.51 in Q1 2023[37] Commitments and Legal Matters - The company has fulfilled all disclosed commitments without any overdue obligations[27] - There were no significant legal disputes or external guarantees reported during the period[25] - The company has not initiated any share buyback programs or employee incentive plans[25]
华原股份(838837) - 2024 Q1 - 季度财报