双林股份(300100) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 1,063,131,597.36, representing a 19.64% increase compared to CNY 888,588,554.81 in the same period last year[17] - The net profit attributable to shareholders of the listed company was CNY 77,578,238.82, an increase of 83.68% from CNY 42,235,398.16 year-on-year[17] - The net profit for the reporting period increased by 85.55% compared to the same period last year, primarily due to the combined effects of various factors[19] - The net profit after deducting non-recurring gains and losses was CNY 72,635,527.15, reflecting a significant increase of 156.97% from CNY 22,444,822.25 in the same period last year[17] - Operating profit reached ¥85.39 million, up from ¥47.33 million, reflecting a growth of 80.5% year-over-year[32] - The comprehensive income for the first quarter of 2024 was RMB 67,662,756.60, compared to RMB 39,460,884.99 in the same period last year[47] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 10,162,201.50, up 119.45% from CNY 4,630,703.11 in the previous year[17] - The company's cash and cash equivalents experienced a net inflow of 229,600 yuan due to exchange rate fluctuations, compared to a net outflow of 1,842,000 yuan in the same period last year[21] - The total cash inflow from operating activities was RMB 1,074,418,115.92, compared to RMB 889,511,525.45 in the previous year, indicating strong operational performance[48] Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,625,681,958.67, a decrease of 5.53% from the previous year-end[17] - The company's total assets decreased from 5,954,695,625.11 yuan at the beginning of the period to 5,625,681,958.67 yuan at the end of the period[28] - Total liabilities decreased from ¥3.75 billion to ¥3.38 billion, a reduction of approximately 9.9%[29] - The total equity attributable to shareholders increased to ¥2.24 billion, up from ¥2.20 billion, marking a growth of about 1.9%[29] Share Repurchase and Equity - The company repurchased shares for employee stock ownership plans, resulting in a 100.00% increase in treasury stock compared to the end of the previous year[10] - The company repurchased a total of 3,581,003 shares, accounting for 0.89% of the total share capital, with an average purchase price of RMB 8.38 per share[40] - The company repurchased 954,500 shares, accounting for 0.24% of the total share capital, with a total transaction amount of 7,825,171 yuan[25] - The company plans to use its own funds to repurchase shares for employee stock ownership plans, with a total repurchase amount between RMB 30 million and RMB 60 million[38] Expenses and Profitability - The company's income tax expense increased by 46.66% compared to the same period last year, due to an increase in pre-tax profits[19] - Financial expenses decreased by 44.18% year-on-year, attributed to reduced borrowing costs and increased foreign exchange gains[10] - The company's other comprehensive income decreased by 209.14% compared to the end of the previous year, mainly due to foreign currency translation differences[19] - The company reported a significant increase in credit impairment losses, totaling ¥7.24 million, compared to ¥2.25 million last year[32] Accounts Receivable and Cash Management - Accounts receivable decreased by 30.00% compared to the end of the previous year, primarily due to the collection of prior year customer payments[10] - The company's accounts receivable decreased from 1,226,098,533.53 yuan to 1,022,364,708.92 yuan[26] - The company's short-term borrowings decreased from 833,107,201.69 yuan to 761,878,506.27 yuan during the reporting period[28] Operating Costs - The total operating costs for the first quarter of 2024 were RMB 984,090,150.04, up 14.1% from RMB 862,379,038.06 in the previous year[45]