Financial Performance - Net profit attributable to shareholders rose by 21.05% to CNY 20,377,662.38 for the first quarter of 2024[10] - Operating revenue for the first quarter increased by 4.82% to CNY 90,316,261.10 compared to the same period last year[10] - Other income increased by 179.02% to CNY 3,875,982.94, mainly from increased government subsidies received[12] - Operating profit for Q1 2024 was ¥22,527,633.06, up from ¥18,200,770.30 in Q1 2023, reflecting a growth of 24.5%[36] - Net profit for Q1 2024 was ¥18,998,534.03, compared to ¥16,834,144.12 in Q1 2023, representing an increase of 12.9%[36] - Total revenue for Q1 2024 reached ¥90,316,261.10, an increase of 4.9% compared to ¥86,161,422.39 in Q1 2023[35] - Operating revenue for Q1 2024 reached ¥91,731,629.69, an increase of 6.3% compared to ¥86,161,422.39 in Q1 2023[38] - Net profit for Q1 2024 was ¥22,098,990.90, up 31.1% from ¥16,834,144.12 in Q1 2023[39] - Operating profit for Q1 2024 was ¥25,617,843.75, representing a 40.7% increase from ¥18,200,770.30 in Q1 2023[38] Assets and Liabilities - Total assets increased by 5.19% to CNY 854,141,452.09 compared to the end of last year[10] - Total assets amounted to ¥854,141,452.09, an increase from ¥812,021,118.70 as of December 31, 2023, reflecting a growth of approximately 5.2%[29] - Current assets totaled ¥557,035,700.86, up from ¥520,074,959.74, indicating a rise of about 7.1%[29] - Total liabilities increased to ¥167,626,647.52 from ¥145,610,309.01, which is an increase of approximately 15.1%[31] - Total liabilities rose to ¥149,540,011.36 in Q1 2024, up from ¥131,144,469.41 in Q1 2023, indicating an increase of 13.9%[34] - Shareholders' equity reached ¥686,514,804.57, up from ¥666,410,809.69, reflecting a growth of about 3%[31] - The company's debt-to-asset ratio (consolidated) rose to 19.63% from 17.93% at the end of last year[10] Cash Flow - Cash flow from operating activities decreased by 1.49% to CNY 23,930,089.41 compared to the previous year[10] - Cash flow from operating activities for Q1 2024 was ¥23,930,089.41, slightly down from ¥24,291,226.57 in Q1 2023[42] - Cash inflow from operating activities in Q1 2024 was ¥49,271,828.22, an increase from ¥45,107,769.19 in Q1 2023[43] - The net increase in cash and cash equivalents for the period was $25,920,024.36, compared to $12,722,110.65 in the previous period, reflecting a growth of approximately 103.3%[44] - The ending balance of cash and cash equivalents rose to $289,788,886.31 from $57,734,134.88, marking an increase of approximately 400.5%[44] Shareholder Information - The total number of ordinary shareholders is 3,737 as of the report date[16] - The largest shareholder, Taihe New Material Group Co., Ltd., holds 66.23% of the shares, totaling 96,860,000 shares[17] - Wang Zhixin is the second-largest shareholder with a 3.53% stake, holding 5,165,000 shares[17] - The total shares held by the top ten shareholders amount to 113,299,729, representing 77.47% of the total shares[19] - The company reported a total of 2,139,055 shares change among the top shareholders during the period[19] - No shares of the top shareholders are pledged or judicially frozen[20] Commitments and Legal Matters - The company has no litigation or arbitration matters reported during the period[23] - There are no external guarantees or loans provided by the company[23] - The company has disclosed that all commitments made are being fulfilled without any violations[24] - The estimated amount for daily related transactions in 2024 is 320 million yuan for purchasing raw materials and services[24] - The company has not engaged in any mergers or acquisitions during the reporting period[23] Research and Development - Research and development expenses for Q1 2024 were ¥5,795,010.18, slightly higher than ¥5,472,917.65 in Q1 2023, showing an increase of 5.9%[35] - Research and development expenses for Q1 2024 were ¥5,031,374.71, a decrease of 8.0% from ¥5,472,917.65 in Q1 2023[38]
民士达(833394) - 2024 Q1 - 季度财报