Financial Performance - The company's operating revenue for Q1 2024 was ¥358,160,724.23, a decrease of 16.12% compared to ¥427,010,896.99 in Q1 2023[4] - Net profit attributable to shareholders was ¥34,352,262.37, representing a slight increase of 1.84% from ¥33,732,193.52 in the same period last year[4] - Total operating profit for the current period is 37,732,987.44, a decrease from 38,640,659.66 in the previous period, reflecting a decline of approximately 2.34%[29] - Net profit for the current period is 32,972,262.27, compared to 33,576,746.67 in the previous period, indicating a decrease of about 1.79%[29] - Total comprehensive income for the period was ¥32,972,262.27, a decrease of 1.8% from ¥33,576,746.67 in the previous period[50] - Total comprehensive income attributable to the parent company was ¥34,352,262.37, up from ¥33,732,193.52, reflecting an increase of 1.8%[50] Cash Flow - The net cash flow from operating activities was -¥241,192,769.00, a decline of 4.70% compared to -¥230,372,165.51 in Q1 2023[4] - Operating cash flow for the current period is -241,192,769.00, slightly worse than -230,372,165.51 in the previous period[33] - Cash received from sales of goods and services was ¥485,595,872.37, down 14.8% from ¥569,955,019.67 in the previous period[50] - Cash received from other operating activities increased significantly to ¥110,509,436.68, compared to ¥44,596,975.21, marking a growth of 147%[50] - Cash received from tax refunds was ¥539,830.29, a decrease of 61.5% from ¥1,402,623.47 in the previous period[50] - Total cash and cash equivalents at the end of the period is 1,322,277,203.55, up from 991,777,432.16 in the previous period[33] Assets and Liabilities - Total assets decreased by 5.72% to ¥3,962,744,093.52 from ¥4,203,040,581.16 at the end of the previous year[4] - The total liabilities decreased to CNY 1,790,746,061.39 from CNY 2,064,921,915.19, indicating a reduction of approximately 13.3%[47] - The total equity attributable to shareholders increased by 1.77% to ¥2,018,910,357.61 from ¥1,983,716,993.17 at the end of the previous year[4] - The total equity attributable to shareholders of the parent company increased to CNY 2,018,910,357.61 from CNY 1,983,716,993.17, showing a growth of 1.8%[47] Expenses - The company's R&D expenses increased by 18.75% to ¥25,608,873.44 from ¥21,565,707.14 in Q1 2023, indicating a focus on innovation[8] - The total operating costs for the first quarter of 2024 were CNY 331,759,817.63, down 14.7% from CNY 389,232,700.96 in the previous year[44] - The company experienced a 67.03% rise in selling expenses, totaling ¥6,807,688.08, attributed to increased market expansion efforts[8] - Sales expenses rose to 6,807,688.08 from 4,075,765.21, marking an increase of approximately 67.1%[29] - The company recorded a decrease in financial expenses by 24.40%, with a total of -¥1,280,438.51, reflecting reduced interest income from bank deposits[8] Investments - The company reported a significant increase in investment income of 53.88%, reaching ¥1,723,469.19 compared to ¥1,120,000.35 in the same period last year[8] - The net cash flow from investing activities showed a substantial increase of 5631.69%, amounting to ¥85,171,254.61, compared to -¥1,539,697.82 in Q1 2023[8] - Investment activities generated a net cash flow of 85,171,254.61, a significant improvement from -1,539,697.82 in the previous period[33] Receivables and Payables - Accounts receivable decreased by 44.30% to ¥6,049,787.94 as some notes matured during the period[16] - Other receivables decreased by 24.59% to ¥38,550,416.06 as some guarantees and deposits were recovered[16] - Prepayments increased by 39.79% to ¥217,949,348.81 due to increased procurement expenditures[16] - Trading financial assets decreased by 62.11% to ¥51,738,583.33 due to the maturity of structured deposits[16] - Notes payable decreased by 66.35% to ¥2,259,473.38 as some notes matured during the period[16] Shareholder Information - The largest shareholder, Zhonggu Grain and Oil Group Co., Ltd., holds 39.48% of the shares, totaling 202,243,856 shares[37] - The company has no new shares released from restrictions during the reporting period, maintaining a total of 308,860,645 restricted shares[43] Future Outlook - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[45]
中粮科工(301058) - 2024 Q1 - 季度财报