Financial Performance - Total revenue for Q1 2024 was CNY 69,487,663.50, a decrease of 9.53% compared to CNY 76,810,113.89 in Q1 2023[12] - Net profit attributable to shareholders for Q1 2024 was CNY 4,583,048.38, down 13.37% from CNY 5,290,570.22 in the same period last year[12] - The company reported a basic earnings per share of CNY 0.0474, down 13.35% from CNY 0.0547 in Q1 2023[12] - The comprehensive income for the period was reported at ¥4,904,799.42, down from ¥10,004,504.66, a decrease of about 51%[56] - Basic earnings per share decreased to ¥0.0507 from ¥0.1034, reflecting a decline of approximately 51%[56] - The total profit for Q1 2024 was CNY 4,503,793.48, down from CNY 5,807,649.99 in Q1 2023, reflecting a decline of approximately 22.4%[65] - The company's operating profit for Q1 2024 was CNY 4,849,901.86, compared to CNY 10,544,631.04 in Q1 2023, reflecting a significant decrease of approximately 54.0%[67] Cash Flow - Net cash flow from operating activities decreased by 63.29% to CNY 3,996,538.12, compared to CNY 10,886,241.11 in Q1 2023[12] - The net cash flow from operating activities for the first quarter was ¥3,996,538.12, representing a decrease of 63.29% compared to the same period last year due to reduced customer payments[39] - The net cash flow from investing activities was -¥299,807,751.55, a significant decrease of 206.71%, primarily due to the purchase of bank financial products that have not yet matured[39] - The net cash flow from financing activities increased to ¥4,037,936.27, a rise of 191.86%, attributed to the unfreezing of funds from the previous year[39] - The cash and cash equivalents decreased significantly to CNY 216,158,040.26 from CNY 512,026,560.98, a decline of about 57.8%[72] - The ending cash and cash equivalents balance was ¥255,745,860.34, down from ¥485,204,350.80 at the end of Q1 2023[78] Assets and Liabilities - The company's total assets increased by 2.74% to CNY 752,873,548.24 as of March 31, 2024, from CNY 732,823,882.42 at the end of 2023[10] - The asset-liability ratio (consolidated) was 19.43% at the end of Q1 2024, up from 17.92% at the end of 2023[10] - The company's total liabilities rose to ¥129,785,136.22 from ¥113,993,327.62, which is an increase of approximately 14%[53] - The company's total equity increased to CNY 606,626,210.04 from CNY 601,519,972.36[61] - The company's total liabilities and equity increased to CNY 748,482,609.74 in Q1 2024 from CNY 727,433,269.14 in Q4 2023, indicating a growth of about 2.9%[73] Accounts and Inventory - Accounts receivable increased by 78.29% to CNY 5,914,976.07, attributed to an increase in receivables within the credit period[12] - Inventory rose by 47.63% to CNY 40,446,908.25, reflecting appropriate stocking based on production and sales needs[28] - Accounts receivable increased to ¥5,914,976.07 from ¥3,317,585.32, reflecting a growth of about 78%[51] - Inventory rose to ¥40,446,908.25, up from ¥27,396,969.78, indicating an increase of approximately 48%[51] Government Subsidies and Other Income - Other income increased by 52.87% to CNY 3,047,859.74, mainly due to higher government subsidies received[28] - The total amount of government subsidies recognized in the current period was ¥1,187,038.03[39] Shareholder Information - The largest shareholder, Changhong Meiling, holds 47.4512% of the shares, totaling 45,900,000 shares[41] - The second-largest shareholder, Zhongke Xianxing (Beijing) Asset Management Co., Ltd., holds 20.1590% of the shares, totaling 19,500,000 shares[41] Legal and Provisions - The company has recognized a provision for estimated liabilities related to a construction contract dispute amounting to ¥5,603,675.00, which is 0.92% of the net assets[45] - The company has ongoing litigation with a claim amount of ¥4,002,625.00 related to a cold storage project, which is currently under review[45] Future Plans - The company plans to enhance its market expansion strategies and invest in new product development to improve future performance[76]
中科美菱(835892) - 2024 Q1 - 季度财报