森泰股份(301429) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was CNY 190,165,928.89, representing a 7.42% increase compared to CNY 177,031,419.32 in the same period last year[6] - Net profit attributable to shareholders increased by 31.25% to CNY 22,030,343.57 from CNY 16,784,577.20 year-on-year[6] - Net profit for Q1 2024 was ¥18,244,159.57, compared to ¥16,797,761.30 in the previous year, representing a growth of 8.6%[45] - The company reported a gross profit margin of approximately 9.3% for Q1 2024, compared to 5.5% in Q1 2023[43] - The company reported a comprehensive income total of ¥15,777,189.87 for Q1 2024, compared to ¥16,701,782.89 in the same period last year[45] Cash Flow - The net cash flow from operating activities decreased significantly by 5,791.51% to -CNY 39,434,452.63, primarily due to increased procurement costs related to higher sales orders[11] - The cash inflow from operating activities totaled $186,258,929.80, an increase from $164,882,745.84 in the previous period, representing a growth of approximately 12.5%[50] - The cash outflow from operating activities was $225,693,382.43, compared to $165,552,089.99 in the prior period, indicating an increase of about 36.4%[50] - The net cash flow from operating activities was -$39,434,452.63, worsening from -$669,344.15 year-over-year[50] - Cash inflow from investment activities reached $310,083,367.44, significantly up from $3,160,992.89 in the previous period[50] - The cash outflow from investment activities was $415,981,882.16, compared to $8,684,599.96 last year, marking a substantial increase[50] - The net cash flow from investment activities was -$105,898,514.72, compared to -$5,523,607.07 in the previous period[50] - Cash inflow from financing activities amounted to $40,000,000.00, up from $4,036,187.21 in the prior period[52] - The net cash flow from financing activities was $34,032,407.79, an increase from $4,036,187.21 year-over-year[52] - The company reported a total cash and cash equivalents decrease of $108,588,818.89 during the period[52] Assets and Liabilities - Total assets grew by 5.71% to CNY 1,596,652,099.74 from CNY 1,510,449,055.35 at the end of the previous year[6] - The total current assets amounted to CNY 1,011,470,891.98, down from CNY 1,057,536,968.48, a decrease of about 4.3%[37] - The total liabilities increased to ¥235,375,766.39 from ¥164,938,661.89, marking a rise of 42.6%[40] - The total equity attributable to shareholders reached ¥1,361,862,925.29, up from ¥1,342,310,801.40, reflecting a growth of 1.5%[40] Shareholder Information - The top shareholder, Tang Daoyuan, holds 35.25% of the shares, with a total of 41,670,200 shares[30] - The second and third largest shareholders, Wang Bin and Zhang Yong, each hold 9.75% of the shares, totaling 11,525,800 shares each[30] Inventory and Expenses - Inventory increased by 39.62% compared to the beginning of the year, driven by higher sales orders and increased raw material purchases[14] - Sales expenses surged by 108.83% year-on-year, attributed to increased sales activities and expenses incurred by the overseas subsidiary in the U.S.[24] - The company reported a 109.54% increase in income tax expenses, correlating with a significant rise in total profit for the period[29] - Research and development expenses were ¥5,455,026.35, slightly down from ¥6,046,366.01, indicating a focus on cost management[43] - The company’s financial expenses showed a significant improvement, with a net financial income of ¥955,007.04 compared to a loss of ¥2,088,824.47 in the previous year[43] Other Financial Metrics - The company’s diluted earnings per share decreased slightly by 1.89% to CNY 0.1864 from CNY 0.19 in the previous year[6] - Basic earnings per share for Q1 2024 were ¥0.1864, slightly down from ¥0.19 in the previous year[45] - The company has a goodwill of CNY 30,668,811.30, which was not present at the beginning of the period[37] - Accounts receivable increased to CNY 143,174,043.79 from CNY 121,725,500.56, reflecting a growth of about 17.5%[37] - Non-current assets totaled CNY 585,181,207.76, up from CNY 452,912,086.87, marking an increase of around 29.2%[37]