Financial Performance - Net profit attributable to shareholders for the first quarter of 2024 was ¥3,526,791.21, representing a 38.30% increase from ¥2,550,149.86 in the same period last year[14]. - Operating revenue for the first quarter of 2024 reached ¥20,170,698.07, an increase of 28.09% compared to ¥15,747,015.01 in the previous year[14]. - The company's total equity attributable to shareholders increased to ¥293,562,469.69, up 1.22% from ¥290,035,678.48 at the end of the previous year[14]. - The weighted average return on equity based on net profit attributable to shareholders was 1.21%, up from 0.92% in the previous year[14]. - The company reported a basic earnings per share of ¥0.04 for Q1 2024, compared to ¥0.03 in Q1 2023, showing an increase of 33.3%[35]. - Net profit for the first quarter of 2024 was ¥3,526,791.21, compared to ¥2,550,149.86 in the same period of 2023, reflecting a growth of 38.25%[19]. - The company's total liabilities amounted to ¥26,058,730.32, while total equity was ¥293,562,469.69, indicating a debt-to-equity ratio of approximately 0.09[31]. - The total comprehensive income amounted to -1,549,862.80 RMB, compared to 237,239.35 RMB in the previous period[36]. Cash Flow - The net cash flow from operating activities improved significantly to ¥1,922,847.76, a 123.22% increase from a negative cash flow of ¥8,279,989.78 in the same period last year[14]. - Cash received from sales and services increased by 60.11% to ¥28,790,107.94 during the reporting period[15]. - Cash inflow from operating activities totaled 31,357,108.94 RMB, while cash outflow was 29,434,261.18 RMB, resulting in a net cash flow of 1,922,847.76 RMB[36]. - The company reported cash and cash equivalents at the end of the period of 201,902,136.92 RMB, down from 211,039,267.18 RMB at the beginning of the period[37]. - The net cash flow from investing activities was -11,059,978.02 RMB, indicating a significant outflow compared to -17,585.00 RMB in the previous period[37]. - Cash flow from operating activities for Q1 2024 was 23,814,425.72, compared to 18,457,953.00 in Q1 2023, representing a growth of approximately 28.5%[47]. - The company reported a cash inflow from operating activities of 21,981,664.33 in Q1 2024, compared to 15,601,316.63 in Q1 2023, marking an increase of about 40.5%[47]. Assets and Liabilities - Total assets as of March 31, 2024, amounted to ¥319,621,200.01, a decrease of 2.20% compared to ¥326,798,269.73 at the end of the previous year[14]. - The company’s debt-to-asset ratio (consolidated) improved to 8.15%, down from 11.25% at the end of the previous year[14]. - The total current assets decreased to 271,812,159.22 RMB from 278,157,186.32 RMB[42]. - Current liabilities rose from 25,266,055.65 to 35,570,517.30, indicating an increase of about 40.8%[43]. - The total liabilities increased from 24,682,273.21 to 30,711,016.89, reflecting a rise of approximately 24.5%[45]. - The company’s total non-current liabilities decreased from 1,192,073.95 to 792,674.67, a reduction of about 33.6%[43]. Operational Metrics - The number of ordinary shares outstanding at the end of the reporting period was 90,109,276, with 5,205 shareholders[5]. - The company reported a significant decrease in accounts payable by 39.42% to ¥8,703,954.44, primarily due to payments made for due engineering service fees[14]. - Operating costs for the first quarter of 2024 were ¥12,082,422.82, up 37.00% from ¥8,786,108.37 in the first quarter of 2023[20]. - Total operating costs for Q1 2024 were ¥18,023,077.96, up from ¥14,428,991.79 in Q1 2023, indicating a rise of about 24.0%[31]. - The company’s inventory increased to 27,471,594.56 RMB from 25,672,187.69 RMB, reflecting a growth in stock levels[42]. - The company’s receivables from accounts decreased to 22,487,174.85 RMB from 29,727,892.30 RMB, indicating improved collection efforts[42]. Research and Development - The company’s R&D expenses for the first quarter of 2024 were ¥1,693,863.00, an increase from ¥1,558,104.49 in the same period of 2023[20]. - Research and development expenses for Q1 2024 were ¥2,174,631.12, an increase from ¥1,977,224.08 in Q1 2023, representing a growth of approximately 10.0%[31]. Commitments and Legal Matters - The company did not disclose any new commitments during the reporting period, maintaining previously announced commitments[18]. - The company has no significant litigation or arbitration matters pending, indicating a stable legal environment[21]. - The company has not engaged in any major acquisitions or mergers during the reporting period, maintaining its current operational structure[21]. - The company has committed to timely disclosures as per its prospectus, ensuring transparency in its operations[21].
灿能电力(870299) - 2024 Q1 - 季度财报