FULIN. PM(300432)2024-04-26 17:41Financial Performance - The net profit for the first quarter of 2024 was CNY 38,780,956.25, representing a 107.12% increase compared to the previous year[7]. - Operating income rose significantly by 593.55% to CNY 1,930,840.61, mainly due to an increase in supplier claims[7]. - The company's revenue for the current period reached ¥1,495,753,720.17, representing a 106.34% increase compared to ¥724,902,652.66 in the same period last year[28]. - The net profit attributable to shareholders of the listed company was ¥39,684,488.72, a significant turnaround from a loss of ¥522,029,943.84 in the previous year, marking a 107.60% increase[28]. - The net profit after deducting non-recurring gains and losses was ¥30,717,782.40, compared to a loss of ¥530,565,693.44 last year, reflecting a 105.79% improvement[28]. - Operating profit for Q1 2024 was ¥52,442,632.99, a turnaround from a loss of ¥633,149,765.87 in the previous year[42]. - Net profit for Q1 2024 amounted to ¥38,780,956.25, compared to a net loss of ¥544,947,236.38 in Q1 2023[42]. Investment and Income - Investment income decreased by 59.10% to CNY 2,249,606.20, primarily due to a reduction in performance compensation received by the parent company[7]. - The company reported a government subsidy of CNY 7,316,250.66, which is closely related to its normal business operations[5]. - The company reported a significant decrease in credit impairment losses, from ¥25,333,731.94 in the previous year to ¥9,527,250.23 in Q1 2024[42]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 71,137[18]. - The largest shareholder, Sichuan Fulian Industrial Group Co., Ltd., holds 30.34% of the shares, amounting to 371,244,012 shares[18]. Assets and Liabilities - The total assets at the end of the reporting period were ¥8,793,834,879.55, a decrease of 3.40% from ¥9,102,995,664.37 at the end of the previous year[28]. - Total liabilities decreased to ¥4,673,145,412.84 from ¥5,087,802,251.74 year-over-year[38]. - The company’s cash and cash equivalents decreased to ¥1,324,291,014.84 from ¥1,780,332,845.79, reflecting a reduction in liquidity[37]. Cash Flow - The company reported a net cash flow from operating activities of ¥112,831,512.29, down 10.34% from ¥125,846,429.29 in the previous year[28]. - The total cash inflow from operating activities was approximately CNY 1,193.81 million, an increase of 6.7% compared to CNY 1,118.83 million in the previous period[46]. - The net cash outflow from investing activities was CNY -155.96 million, compared to CNY -345.98 million in the previous period, indicating a reduction in cash outflow by 55.0%[48]. - The net cash inflow from financing activities was CNY -267,195.36, a significant decrease from CNY 215,109,326.93 in the previous period[48]. Operating Costs and Expenses - Operating costs rose to ¥1,300,632,920.19, reflecting a 126.07% increase from ¥575,323,229.55, mainly due to the growth in operating revenue[30]. - Total operating costs for Q1 2024 were ¥1,444,847,513.19, up 106.5% from ¥697,506,322.20 in Q1 2023[40]. - Research and development expenses increased to ¥55,794,345.72 in Q1 2024, up from ¥48,061,210.97 in the same quarter last year[40]. Future Plans - The company has plans for new product development and market expansion, although specific details were not disclosed in the current report[22]. - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[41].