Financial Performance - Operating revenue for Q1 2024 reached CNY 109,907,439.75, representing a significant growth of 79.23% year-over-year from CNY 61,321,663.43[10] - Net profit attributable to shareholders surged by 473.81% to CNY 28,782,633.64, up from CNY 5,016,056.32 in the same period last year[10] - The basic earnings per share rose to CNY 0.37, a remarkable increase of 516.67% compared to CNY 0.06 in the previous year[10] - The net profit for Q1 2024 reached CNY 28,782,633.64, a significant increase compared to CNY 5,016,056.32 in Q1 2023, representing a growth of approximately 474%[32] - Operating profit for Q1 2024 was CNY 33,352,414.17, compared to CNY 5,539,381.36 in Q1 2023, indicating a substantial increase[32] - The total comprehensive income for Q1 2024 was CNY 28,782,633.64, a significant increase from CNY 5,016,056.32 in Q1 2023, reflecting strong financial performance[32] Assets and Liabilities - Total assets increased by 4.62% to CNY 601,572,543.33 as of March 31, 2024, compared to CNY 574,981,540.15 at the end of 2023[10] - The total liabilities decreased slightly to CNY 113,308,743.15 in Q1 2024 from CNY 116,508,549.23 in Q1 2023, a decline of 2.0%[30] - The total equity attributable to shareholders increased to CNY 488,263,800.18 in Q1 2024, compared to CNY 458,472,990.92 in Q1 2023, reflecting a growth of 6.5%[30] - The company's debt-to-asset ratio remained low at 18.84%, down from 20.26% at the end of 2023, indicating a strong financial position[10] Cash Flow - The cash flow from operating activities showed a net increase of 10.01%, amounting to CNY 19,852,917.01[10] - Cash flow from operating activities for Q1 2024 was CNY 19,852,917.01, up from CNY 18,046,928.67 in Q1 2023, showing a positive trend[34] - The net cash outflow from investing activities in Q1 2024 was CNY -14,095,256.23, compared to CNY -53,470,001.85 in Q1 2023, indicating improved cash management[34] - Total cash and cash equivalents at the end of Q1 2024 amounted to CNY 228,569,343.88, an increase from CNY 136,201,764.20 at the end of Q1 2023[35] Shareholder Information - The number of ordinary shareholders increased to 7,959, reflecting growing investor interest in the company[15] - The company has a total of 39,677,174 shares held by the top ten shareholders, representing 50.92% of the total shares[16] - The largest shareholder, Mr. Ai Jianjie, holds 11,758,260 shares, accounting for 15.09% of the total shares[16] - The company has signed a new "Consistent Action Agreement" among key shareholders, effective from April 28, 2024, to enhance control by Mr. Pan Wenshu[17] - The employee stock ownership plan (ESOP) has a total holding of 1,001,000 shares, which is 2.57% of the total share capital[24] - The ESOP is set to unlock 1,001,000 shares on December 11, 2023, contingent on meeting specific conditions[24] Research and Development - Research and development expenses increased by 120.07% to CNY 4,595,203.46, reflecting the company's commitment to enhancing R&D capabilities[12] - Research and development expenses increased to CNY 4,595,203.46 in Q1 2024, compared to CNY 2,088,088.65 in Q1 2023, marking a rise of 120.5%[31] - The company is actively constructing a high-performance lithium battery R&D and production project, with land use rights purchased for this purpose[22] Accounts Receivable and Inventory - The company reported a significant increase in accounts receivable by 172.27% to CNY 15,952,066.85, attributed to increased sales activity[11] - Accounts receivable rose to CNY 98,348,921.05 in Q1 2024 from CNY 85,679,179.18 in Q1 2023, representing an increase of 14.5%[28] - Inventory decreased to CNY 35,823,787.74 in Q1 2024 from CNY 50,384,919.33 in Q1 2023, a decline of 29.0%[28] Legal and Compliance - There are no significant litigation or arbitration matters reported during the period[22] - The company has no new commitments during the reporting period, and all previously disclosed commitments are being fulfilled[24] - There are no pledged or judicially frozen shares among the top ten shareholders[18]
德瑞锂电(833523) - 2024 Q1 - 季度财报