LEEJUN(002651)2024-04-26 08:41Financial Performance - The company's operating revenue for Q1 2024 was ¥205,324,390.13, a decrease of 21.04% compared to ¥260,042,397.81 in the same period last year[4] - Net profit attributable to shareholders for Q1 2024 was ¥56,436,646.94, down 29.61% from ¥80,172,064.30 in Q1 2023[4] - The basic earnings per share for Q1 2024 was ¥0.05, down 37.50% from ¥0.08 in Q1 2023[4] - Total operating revenue for Q1 2024 was CNY 205,324,390.13, a decrease of 21.05% compared to CNY 260,042,397.81 in Q1 2023[18] - Net profit for Q1 2024 was CNY 56,436,646.94, representing a decline of 29.66% from CNY 80,172,064.30 in Q1 2023[18] - Earnings per share for Q1 2024 were CNY 0.05, compared to CNY 0.08 in the same period last year[18] Cash Flow - The net cash flow from operating activities increased by 58.00% to ¥126,957,051.41, compared to ¥80,354,847.81 in the previous year[11] - Cash inflow from operating activities totaled ¥259,377,835.57, while cash outflow was ¥132,420,784.16, resulting in a net cash flow from operations[19] - The cash and cash equivalents at the end of Q1 2024 amounted to ¥1,161,664,471.18, up from ¥879,273,330.01 at the end of Q1 2023[19] - The company reported a decrease in cash received from other operating activities, totaling ¥18,125,471.20 compared to ¥77,947,585.37 in the previous year[19] - The total cash outflow for financing activities was ¥1,834,565.78, a decrease from ¥7,270,838.47 in Q1 2023[19] Assets and Liabilities - The total assets at the end of Q1 2024 were ¥3,339,500,706.04, reflecting a 1.43% increase from ¥3,292,560,360.25 at the end of the previous year[4] - Total current assets at the end of the reporting period amount to 2,199,189,061.43 CNY, an increase from 2,174,097,294.46 CNY at the beginning of the period[16] - Total liabilities decreased to CNY 584,505,179.67 in Q1 2024, down from CNY 595,661,737.89 in Q1 2023[17] - The company's intangible assets rose to CNY 86,992,995.47 in Q1 2024, compared to CNY 82,235,244.84 in Q1 2023[17] Shareholder Information - Total number of common shareholders at the end of the reporting period is 39,926[13] - Major shareholder He Yamin holds 32.34% of shares, totaling 334,219,997 shares[13] - Major shareholder He Jia holds 28.04% of shares, totaling 289,775,148 shares[13] - Major shareholder Wei Yong holds 10.88% of shares, totaling 112,419,805 shares, with 75,008,000 shares pledged[13] - The top 10 shareholders collectively hold 60.38% of the company's shares, indicating a significant concentration of ownership[13] Other Financial Metrics - The weighted average return on equity decreased to 2.07% from 3.04% in the same period last year, a decline of 0.97%[4] - The company reported a significant decrease in tax and additional fees, which fell by 34.99% to ¥1,307,799.88 due to a decline in revenue from the grinding system and related equipment manufacturing[10] - The company experienced a 97.58% drop in other operating income, which decreased to ¥29,812.32 from ¥1,234,350.00 in the previous year[10] - The company reported a financial income of CNY 9,807,467.81 in Q1 2024, an increase from CNY 6,128,534.91 in Q1 2023[18] - Other comprehensive income after tax for Q1 2024 was CNY 160,076.82, compared to a loss of CNY 1,032,660.15 in Q1 2023[18] Inventory and Receivables - Accounts receivable increased to 281,147,947.85 CNY from 217,520,259.01 CNY[16] - Inventory decreased to 353,854,381.30 CNY from 379,631,213.37 CNY[16] - The company reported a 75.83% decrease in receivables financing, which fell to ¥39,343,418.19 from ¥162,772,337.79 at the beginning of the year[8] Miscellaneous - The company has extended the guarantee period for its wholly-owned subsidiary in Singapore until the main contract warranty period expires[15] - The company did not execute any new accounting standards for the first quarter of 2024[20] - The first quarter report was not audited[20] - The company’s chairman is He Yamin, and the report was released on April 25, 2024[21]