Financial Performance - Revenue for Q1 2024 was CNY 110,020,746, an increase of 2.32% compared to CNY 107,529,056 in the same period last year[5] - Net profit attributable to shareholders decreased by 42.47% to CNY 7,788,853 from CNY 13,538,512 in the previous year[5] - Basic and diluted earnings per share decreased by 45.48% to CNY 0.1724 from CNY 0.3162 in the same period last year[5] - Operating profit decreased to CNY 9,334,415.56, a decline of 38.4% from CNY 15,278,664.61 in Q1 2023[19] - Net profit attributable to the parent company was CNY 7,788,852.53, down 42.5% from CNY 13,538,512.40 in the same period last year[19] Cash Flow and Liquidity - Net cash flow from operating activities fell by 70.14% to CNY 7,088,948 from CNY 23,740,559 year-on-year[5] - Cash flow from operating activities was CNY 7,088,948.48, significantly lower than CNY 23,740,558.88 in the previous year, representing a decrease of 70.1%[21] - The company reported a net cash increase of CNY 346,007,757.28 in Q1 2024, compared to CNY 8,066,799.09 in Q1 2023[22] - The company's cash and cash equivalents increased significantly to CNY 365,437,128.02 from CNY 21,204,331.68, indicating a strong liquidity position[15] Assets and Liabilities - Total assets increased by 54.12% to CNY 1,054,145,471 from CNY 683,982,603 at the end of the previous year[9] - Total liabilities increased to CNY 224,777,449.61 from CNY 208,029,322.11, indicating a rise in financial obligations[16] - Total assets increased to CNY 1,054,145,471.39, up from CNY 683,982,603.44 year-over-year[17] - Total liabilities and equity reached CNY 1,054,145,471.39, reflecting a growth from CNY 683,982,603.44[17] Shareholder Information - The company had a total of 13,350 common shareholders at the end of the reporting period[11] - The largest shareholder, Jiangsu Huayang Investment Co., Ltd., holds 36.76% of the shares[11] Equity and Capital - Shareholders' equity attributable to shareholders rose by 74.28% to CNY 829,205,822 from CNY 475,802,407 at the end of last year[9] - The company's equity increased to CNY 829,368,021.78, up from CNY 475,953,281.33, reflecting a strong growth in retained earnings and capital contributions[16] - The company has maintained a strong capital reserve of CNY 488,357,251.18, significantly up from CNY 157,013,689.17, showcasing robust financial health and investor confidence[16] Inventory and Receivables - Accounts receivable rose to CNY 213,659,516.14 from CNY 156,854,886.66, reflecting a 36.2% increase, which may indicate higher sales or extended credit terms[15] - Inventory decreased to CNY 88,962,995.79 from CNY 103,292,965.61, a reduction of approximately 13.8%, suggesting improved inventory management[15] Expenses - Research and development expenses were CNY 3,589,302.86, a decrease of 10.9% from CNY 4,027,594.83 in the previous year[18] - The decrease in net profit was primarily due to one-time expenses incurred during the listing process and a reduction in subsidy projects[8] Other Information - The first quarter report has not been audited[23] - The new accounting standards will be implemented starting in 2024[23] - The financial statement items related to the first year of implementation are applicable[23] - The board of directors of Jiangsu Huayang Intelligent Equipment Co., Ltd. issued the report on April 29, 2024[23]
华阳智能(301502) - 2024 Q1 - 季度财报