Financial Performance - The company's revenue for Q1 2024 was CNY 195,634,752.52, representing a 10.79% increase compared to CNY 176,574,498.77 in the same period last year[5] - Net profit attributable to shareholders was CNY 36,376,054.28, up 11.26% from CNY 32,694,215.05 year-on-year[5] - Basic and diluted earnings per share were both CNY 0.45, down 16.67% from CNY 0.54 in the previous year[5] - Operating profit for Q1 2024 was ¥39,976,534.53, up from ¥34,967,003.97, reflecting a growth of 14.4% year-over-year[21] - Net profit attributable to shareholders for Q1 2024 was ¥36,376,054.28, compared to ¥32,694,215.05 in Q1 2023, marking an increase of 11.5%[22] Cash Flow - The net cash flow from operating activities decreased significantly by 87.25%, amounting to CNY 2,688,707.24, primarily due to increased salary payments and higher inventory procurement[9] - Cash flow from operating activities generated a net amount of ¥2,688,707.24, a significant decrease from ¥21,091,495.65 in the previous year[23] - The net cash flow from investment activities was ¥10,547,496.14, compared to a negative cash flow of ¥12,553,989.50 in the previous period[24] - The net cash flow from financing activities was -¥9,070,102.08, compared to a positive cash flow of ¥4,905,988.89 in the previous period[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,533,592,644.51, a 1.08% increase from CNY 1,517,182,441.64 at the end of the previous year[5] - Current assets totaled CNY 1,159,311,231.31, down from CNY 1,178,375,751.90 at the start of the quarter, reflecting a decrease of approximately 1.83%[16] - Total liabilities decreased to ¥431,640,314.93 from ¥451,606,166.34, indicating a reduction of approximately 4.4%[21] - Total current liabilities decreased to CNY 409,507,767.16 from CNY 424,413,866.88, a reduction of approximately 3.5%[17] - Non-current liabilities decreased to CNY 22,132,547.77 from CNY 27,192,299.46, reflecting a decline of about 18.7%[17] Shareholder Information - The company had a total of 11,391 common shareholders at the end of the reporting period[10] - The largest shareholder, Ningbo Fengmao Investment Holding Co., Ltd., holds 60.00% of the shares, totaling 48,000,000 shares[10] - The company has a total of 61,033,002 restricted shares, with no changes in the current period[14] Research and Development - Research and development expenses increased to ¥9,558,276.82, up from ¥7,402,430.07, representing a rise of 29.1% year-over-year[19] Government Support - Government subsidies recognized in the current period amounted to CNY 6,265,945.01, contributing positively to the financial results[6] Market Strategy - The company plans to maintain its focus on expanding its market presence and developing new technologies in the upcoming quarters[14] Financial Asset Impairment - The company reported a financial asset impairment loss of ¥4,315,401.86, compared to ¥2,477,050.20 in the previous year, indicating a rise in impairment losses[21] Cash and Cash Equivalents - Cash and cash equivalents increased to CNY 652,698,211.65 from CNY 630,986,813.84, representing a growth of about 3.6%[16] - The total cash and cash equivalents at the end of the period amounted to ¥597,166,109.63, an increase from ¥592,709,199.19 at the beginning of the period[24] - The net increase in cash and cash equivalents for the quarter was ¥4,456,910.44, down from ¥12,995,174.60 in the previous period[24] - The cash inflow from borrowing was ¥4,905,988.89, while cash outflow for debt repayment was ¥4,900,000.00[24] Exchange Rate Impact - The impact of exchange rate changes on cash and cash equivalents was ¥290,809.14, compared to a negative impact of -¥448,320.44 in the previous period[24] Audit Status - The company has not undergone an audit for the first quarter report[25]
丰茂股份(301459) - 2024 Q1 - 季度财报