华丰股份(605100) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥306,726,978.13, representing a decrease of 20.33% compared to the same period last year[5] - The net profit attributable to shareholders was ¥30,041,022.38, down 17.49% year-on-year[5] - The basic earnings per share (EPS) was ¥0.18, reflecting a decline of 14.29% compared to the previous year[6] - In Q1 2024, the company's net profit was CNY 30,041,019.98, a decrease of 17.5% compared to CNY 36,409,194.47 in Q1 2023[22] - The total revenue from operating activities was CNY 92,970,245.23, down 24.4% from CNY 122,973,124.55 in the same period last year[26] - The company's operating profit for Q1 2024 was CNY 38,085,954.05, a decline of 10.8% from CNY 42,380,395.01 in Q1 2023[22] - The company reported a total comprehensive income of CNY 33,740,128.66 for Q1 2024, a decrease of 3.9% from CNY 35,099,023.49 in Q1 2023[23] - Basic and diluted earnings per share for Q1 2024 were both CNY 0.18, down from CNY 0.21 in Q1 2023[23] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥2,492,117,799.45, an increase of 4.70% from the end of the previous year[6] - Total assets as of March 31, 2024, were RMB 2,492,117,799.45, an increase of 4.7% from RMB 2,380,294,474.59 at the end of 2023[18] - Total liabilities increased to RMB 589,146,203.57 in Q1 2024, up 15.3% from RMB 511,063,011.72 in Q4 2023[18] - The equity attributable to shareholders rose to RMB 1,902,971,469.14 as of March 31, 2024, compared to RMB 1,869,231,338.33 at the end of 2023, reflecting an increase of 1.8%[19] Cash Flow - The net cash flow from operating activities was negative at -¥60,603,456.41, indicating a significant cash outflow[5] - The cash flow from operating activities showed a net outflow of CNY 60,603,456.41, compared to a net outflow of CNY 56,947,107.94 in the previous year[27] - The company's cash and cash equivalents decreased to RMB 466,996,902.60 as of March 31, 2024, from RMB 545,514,937.45 at the end of 2023, representing a decline of 14.3%[16] - The cash and cash equivalents at the end of Q1 2024 were CNY 325,778,967.75, a decrease from CNY 507,915,725.00 at the end of Q1 2023[28] Operational Efficiency - The company reported a net profit margin decline due to reduced revenue and increased costs, impacting overall profitability[21] - The company is focusing on improving operational efficiency and exploring new market opportunities to enhance future growth prospects[21] Receivables and Inventory - The company reported a significant increase in receivables financing by 323.57%, attributed to higher credit ratings of bank acceptance bills[10] - Accounts receivable decreased to RMB 211,165,782.34 in Q1 2024 from RMB 291,373,459.49 in Q4 2023, a reduction of 27.5%[17] - Inventory increased to RMB 184,044,483.64 in Q1 2024, up 25.9% from RMB 146,062,772.97 in Q4 2023[17] Government Subsidies and Expenses - The company received government subsidies amounting to ¥81,815.23, which are closely related to its normal business operations[8] - The company incurred research and development expenses of CNY 8,988,738.22, slightly up from CNY 8,881,836.01 in the previous year[22] - The total investment income for Q1 2024 was CNY 1,041,216.53, a significant drop from CNY 2,495,295.83 in Q1 2023[22] - The company experienced a foreign exchange gain of CNY 3,699,108.68 in Q1 2024, compared to a loss of CNY 1,310,170.98 in the same period last year[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,627[13]