Financial Performance - Net profit attributable to shareholders for Q1 2024 was CNY 4,699,277.82, representing a decline of 37.77% year-over-year[11]. - Operating revenue for Q1 2024 reached CNY 105,857,286.88, an increase of 1.17% compared to the same period last year[11]. - The basic earnings per share for Q1 2024 was CNY 0.06, a decrease of 45.45% compared to CNY 0.11 in the same period last year[11]. - Operating profit decreased to CNY 4,881,905.90, down 37.82% year-on-year, impacted by increased competition in the domestic machinery industry and fluctuations in downstream customer demand[14]. - Net profit for the period was CNY 4,544,064.06, representing a decline of 39.05% compared to the previous year, attributed to reduced gross margins and changes in product sales structure[14]. - Total operating revenue for Q1 2024 reached ¥105,857,286.88, a slight increase from ¥104,637,637.92 in Q1 2023, representing a growth of approximately 1.16%[37]. - Total operating costs increased to ¥99,157,327.62 in Q1 2024 from ¥96,914,691.93 in Q1 2023, reflecting a rise of about 2.52%[37]. - Net profit for Q1 2024 was ¥4,544,064.06, down from ¥7,455,839.13 in Q1 2023, indicating a decline of approximately 39.5%[38]. - Operating profit for Q1 2024 was ¥4,881,905.90, a decrease from ¥7,851,596.93 in Q1 2023, reflecting a decline of about 37.5%[38]. - The total profit for Q1 2024 was ¥4,951,069.57, down from ¥8,192,642.40 in Q1 2023, indicating a decline of approximately 39.5%[38]. - The company reported a comprehensive income total of ¥6,039,728.10 for Q1 2024, down from ¥10,833,720.96 in Q1 2023, a decrease of about 44.5%[39]. Cash Flow - The net cash flow from operating activities was CNY 4,093,430.74, down 42.91% from the previous year[11]. - Cash flow from operating activities decreased by CNY 3,077,159.09, a decline of 42.91%, primarily due to an increase in accounts receivable[15]. - Cash flow from investing activities showed a significant decrease of CNY 107,899,497.26, a drop of 3,498.62%, mainly due to increased cash outflows from investments[15]. - Operating cash inflow for Q1 2024 was CNY 97,721,915.07, down 23.5% from CNY 127,640,310.58 in Q1 2023[41]. - Net cash flow from operating activities decreased to CNY 4,093,430.74, a decline of 42.9% compared to CNY 7,170,589.83 in the same period last year[42]. - Cash outflow from investment activities surged to CNY 124,844,220.63, compared to CNY 6,937,925.41 in Q1 2023, resulting in a net cash flow from investment activities of -CNY 104,815,435.42[42]. - Cash inflow from financing activities decreased to CNY 26,500,000.00, down 33.8% from CNY 40,000,000.00 in Q1 2023[42]. - Net cash flow from financing activities improved to -CNY 24,007,885.11, an improvement from -CNY 31,347,407.10 in the previous year[42]. - Total cash inflow from operating activities was CNY 95,851,641.84, down from CNY 126,320,378.22 in Q1 2023[43]. - Total cash outflow from operating activities was CNY 93,969,780.40, a decrease of 21.7% from CNY 120,164,619.68 in the same period last year[44]. - Cash flow from investment activities showed a significant decline, with net cash flow at -CNY 104,664,935.42 compared to CNY 3,332,135.60 in Q1 2023[44]. Assets and Liabilities - Total assets as of March 31, 2024, amounted to CNY 752,327,265.80, a decrease of 3.39% compared to the end of the previous year[11]. - The company's total liabilities to assets ratio (consolidated) improved to 15.11% from 18.76% year-over-year[11]. - Cash and cash equivalents decreased by 65.18%, totaling CNY 66,693,063.21 due to the purchase of financial products[12]. - Trade receivables decreased by 31.96% to CNY 4,775,670.00, primarily due to the maturity of receivables[13]. - Long-term equity investments increased by 100.00% to CNY 1,172,143.50, reflecting a new investment in Elong Technologies LLC[13]. - Construction in progress surged by 642.70% to CNY 6,469,705.44, attributed to new production line projects[13]. - Total assets decreased from 778.73 billion to 752.33 billion, a decline of approximately 3.4%[32]. - Current liabilities decreased from 121.97 billion to 90.33 billion, a reduction of about 26%[32]. - Non-current liabilities decreased from 24.14 billion to 23.34 billion, a decline of approximately 3.3%[32]. - Total liabilities decreased from 146.11 billion to 113.67 billion, a reduction of about 22.2%[33]. - Shareholders' equity increased from 632.62 billion to 638.66 billion, an increase of approximately 0.6%[33]. - Non-current assets totaled 388.96 billion, slightly down from 385.47 billion, a decrease of about 0.6%[35]. - The total liabilities and shareholders' equity decreased from 792.71 billion to 766.25 billion, a decline of approximately 3.3%[36]. Shareholder Information - The total number of ordinary shares is 82,360,000, with 3,366 shareholders[18]. - The largest shareholder, Xu Zhengming, holds 15,887,000 shares, representing 19.29% of total shares[19]. - The company has no pledged shares or judicially frozen shares among its major shareholders[21]. - The company has ongoing litigation with a total amount of 248,745.21 yuan, which is 0.04% of the total net assets[24]. - Fixed assets worth 36,340,968.67 yuan are currently mortgaged, accounting for 4.84% of total assets[27]. - The company has committed to fulfilling previously disclosed commitments, with no violations reported during the reporting period[26].
美心翼申(873833) - 2024 Q1 - 季度财报