永茂泰(605208) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 reached ¥823,390,813.82, representing a year-on-year increase of 21.35%[2] - The net profit attributable to shareholders was ¥10,217,565.23, with a basic earnings per share of ¥0.03[2] - Net profit for Q1 2024 was ¥10,217,565.23, a significant recovery from a net loss of ¥15,095,617.60 in Q1 2023[17] - Earnings per share for Q1 2024 were ¥0.03, compared to a loss per share of ¥0.05 in the same period last year[17] - The company reported a total profit of ¥8,416,940.93 for Q1 2024, recovering from a total loss of ¥21,807,408.23 in Q1 2023[17] Cash Flow - The net cash flow from operating activities was -¥69,782,337.07, reflecting a decrease of 147.22% compared to the previous year[2] - In Q1 2024, the cash inflow from operating activities was approximately ¥974.62 million, a decrease of 8.8% compared to ¥1,068.16 million in Q1 2023[19] - The net cash flow from operating activities was negative at approximately -¥69.78 million, contrasting with a positive net cash flow of ¥147.77 million in the same quarter last year[19] - The cash outflow for purchasing goods and services increased to approximately ¥922.42 million, up by 18.3% from ¥779.14 million in Q1 2023[19] - The net cash flow from investing activities was approximately -¥84.55 million, worsening from -¥44.27 million in Q1 2023[20] - Cash inflow from financing activities was approximately ¥519.00 million, an increase of 10.6% compared to ¥468.18 million in Q1 2023[20] - The net cash flow from financing activities improved to approximately ¥177.78 million, compared to a negative net cash flow of -¥27.05 million in the same quarter last year[20] - The ending cash and cash equivalents balance was approximately ¥131.16 million, down from ¥228.63 million in Q1 2023[20] - The cash received from tax refunds increased to approximately ¥8.45 million, up from ¥4.23 million in Q1 2023[19] - The total cash outflow for investing activities was approximately ¥85.35 million, compared to ¥53.42 million in Q1 2023, indicating a significant increase[20] - The cash outflow for other operating activities decreased to approximately ¥28.71 million from ¥47.03 million in Q1 2023, showing a reduction of 38.8%[19] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥3,540,653,375.82, an increase of 4.87% from the end of the previous year[2] - The company’s total assets reached ¥3,540,653,375.82 in Q1 2024, compared to ¥3,376,146,544.83 in Q1 2023, reflecting a growth of 4.9%[14] - Total liabilities increased to ¥1,449,936,637.60 in Q1 2024 from ¥1,275,722,179.60 in Q1 2023, marking a growth of 13.6%[14] - The company experienced a 4906.57% increase in estimated liabilities, mainly due to provisions for product quality claims[3] - The total current assets reached RMB 1,985,148,011.42, up from RMB 1,877,808,598.35, marking a growth of around 5.76%[12] - The total non-current assets amounted to RMB 1,555,505,364.40, an increase from RMB 1,498,337,946.48, reflecting a growth of about 3.83%[12] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 21,445[6] - The company has repurchased a total of 2,898,428 shares, accounting for 0.88% of the total share capital, with a total expenditure of RMB 20,004,400 (excluding transaction fees) during the buyback period[10] - The maximum price paid for repurchased shares was RMB 7.56 per share, while the minimum price was RMB 6.21 per share[10] - The company plans to use its own funds ranging from RMB 20 million to RMB 40 million for share repurchase to support employee stock ownership plans or equity incentives[9] Operational Insights - The company plans to enhance its product capacity and improve overall gross margin due to increased production and utilization rates[5] - Research and development expenses for Q1 2024 amounted to ¥25,229,037.52, an increase from ¥21,287,643.77 in Q1 2023, indicating a focus on innovation[16] - Total operating costs for Q1 2024 were ¥822,149,130.21, up from ¥694,758,312.56 in Q1 2023, reflecting a rise of 18.3%[16] - Non-recurring gains and losses totaled ¥8,934,610.81, primarily due to government subsidies and asset disposal gains[4] - The company reported a decrease in inventory from RMB 495,543,676.22 to RMB 481,670,164.93, a reduction of approximately 2.79%[12] - The weighted average return on equity was 0.49%, an increase of 1.22 percentage points[2]