Financial Performance - The company's revenue for Q1 2024 was CNY 253,550,166.11, representing a 27.66% increase compared to CNY 198,608,319.68 in the same period last year[5]. - Net profit attributable to shareholders decreased by 2.68% to CNY 16,685,260.91 from CNY 17,145,460.81 year-on-year[5]. - Basic and diluted earnings per share fell by 26.92% to CNY 0.19 from CNY 0.26 in the same period last year[5]. - Total operating revenue for Q1 2024 reached ¥253,550,166.11, an increase of 27.7% compared to ¥198,608,319.68 in the same period last year[24]. - Net profit for Q1 2024 was ¥16,685,260.91, a decrease of 2.7% from ¥17,145,460.81 in Q1 2023[25]. - The total comprehensive income for the first quarter of 2024 was CNY 16,685,260.91, a decrease from CNY 17,145,460.81 in the previous period[26]. - Basic and diluted earnings per share for the first quarter were CNY 0.19, down from CNY 0.26 in the previous period[26]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, reaching CNY 66,537,056.12, a 197.75% increase from a negative cash flow of CNY -68,068,794.18 in the previous year[5]. - Cash inflow from operating activities was CNY 288,859,484.63, slightly down from CNY 290,288,058.17 in the previous period[27]. - Cash outflow for purchasing goods and services was CNY 184,066,043.26, significantly lower than CNY 323,160,723.48 in the previous period[27]. - The net increase in cash and cash equivalents for the period was CNY 24,863,146.99, compared to a decrease of CNY 69,853,686.15 in the previous period[29]. - The ending balance of cash and cash equivalents was CNY 507,044,712.58, up from CNY 105,780,297.77 in the previous period[29]. Assets and Liabilities - Total assets decreased by 2.64% to CNY 1,653,614,954.86 compared to CNY 1,698,395,058.36 at the end of the previous year[5]. - Total liabilities decreased to ¥272,983,034.44 from ¥332,961,639.18, a decline of 18.0%[22]. - Accounts receivable decreased to ¥147,268,299.59 from ¥159,575,489.91, a decline of 7.7%[21]. - Inventory decreased to ¥415,681,415.48 from ¥475,399,372.34, a reduction of 12.6%[21]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,851[10]. - The company plans to repurchase shares with a total amount not less than RMB 25 million and not exceeding RMB 50 million, at a price not exceeding RMB 39.37 per share[17]. - As of March 31, 2024, the company has repurchased 54,900 shares, accounting for 0.0614% of the total share capital, with a total transaction amount of RMB 1,486,611[18]. - The company has a total of 68,710,096 restricted shares, with 1,190,036 shares released from restrictions during the reporting period[16]. - The top 10 shareholders hold a total of 33,873,000 shares, representing a significant portion of the company's equity[16]. - The company has established a shareholding plan for employees, utilizing repurchased shares for equity incentives[17]. - The company has a diverse shareholder base, including both institutional and individual investors, with significant stakes held by natural persons[14]. - The report indicates a stable shareholder composition with no significant changes in the top shareholders' holdings during the reporting period[12]. Operational Costs - The company recorded a 33.50% increase in operating costs, amounting to CNY 222,480,859.94, attributed to the growth in revenue scale[8]. - Total operating costs amounted to ¥237,975,470.73, up 31.0% from ¥181,894,238.20 year-over-year[24]. Government Support and R&D - The company received government subsidies amounting to CNY 1,198,323.47 during the reporting period[6]. - Research and development expenses for Q1 2024 were ¥8,607,209.36, compared to ¥7,768,685.15 in Q1 2023, indicating an increase of 10.8%[24]. Transparency and Reporting - The company is committed to transparency in its financial activities, as evidenced by the detailed disclosures in its quarterly report[17]. - The first quarter report was not audited[30].
恒达新材(301469) - 2024 Q1 - 季度财报