冠豪高新(600433) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 1,689,920,766.05, representing a 3.97% increase compared to CNY 1,625,328,301.03 in the same period last year[4] - Net profit attributable to shareholders for Q1 2024 reached CNY 42,530,139.52, a significant increase of 482.38% from CNY 7,302,834.83 in the previous year[4] - The basic earnings per share for Q1 2024 was CNY 0.0230, up 475% from CNY 0.0040 in the same period last year[5] - In Q1 2024, the net profit reached CNY 1,177.93 million, an increase attributed to a decrease in raw material costs and an increase in gross profit[9] - The total comprehensive income attributable to shareholders was CNY 482.38 million, driven by improved profitability[9] - Total operating revenue for Q1 2024 reached ¥1,689,920,766.05, an increase of 3.6% compared to ¥1,625,328,301.03 in Q1 2023[22] - Net profit for Q1 2024 was ¥36,547,167.23, significantly higher than ¥2,859,862.33 in Q1 2023, marking an increase of 1,178.5%[24] - The total comprehensive income for Q1 2024 was ¥36,547,167.23, up from ¥2,859,862.33 in Q1 2023[25] Assets and Liabilities - The total assets at the end of Q1 2024 amounted to CNY 10,732,774,234.87, reflecting a 3.76% increase from CNY 10,343,480,750.05 at the end of the previous year[5] - The company's total assets as of March 31, 2024, amounted to ¥10,732,774,234.87, up from ¥10,343,480,750.05 at the end of 2023[19] - Total liabilities increased by CNY 57.96 million due to higher loan scales for investment and operational needs[9] - The company's total liabilities increased to ¥4,517,870,983.88 from ¥4,177,547,020.33, reflecting a growth of 8.1%[19] - Long-term borrowings rose to ¥1,017,902,504.24, compared to ¥624,954,354.84 in the previous quarter, indicating a 62.9% increase[19] Shareholder Equity - The equity attributable to shareholders increased to CNY 4,526,750,076.38, marking a 1.23% rise from CNY 4,471,797,582.82 at the end of the last year[5] - Shareholders' equity totaled ¥6,214,903,250.99, up from ¥6,165,933,729.72, indicating a growth of 0.8%[19] Cash Flow - The net cash flow from operating activities improved to -CNY 369,452,455.10, a 36.51% reduction in losses compared to -CNY 584,154,914.96 in the previous year[5] - Cash flow from operating activities was CNY 36.75 million, showing a reduction in cash payments for goods[10] - The net cash flow from operating activities for Q1 2024 was -¥369,452,455.10, an improvement from -¥584,076,433.71 in Q1 2023[28] - Cash inflow from operating activities totaled ¥1,485,302,962.81 in Q1 2024, slightly up from ¥1,479,710,088.50 in Q1 2023[28] - Cash outflow from operating activities decreased to ¥1,854,755,417.91 in Q1 2024 from ¥2,063,786,522.21 in Q1 2023[28] - The net cash flow from investing activities was -¥99,041,639.48 in Q1 2024, compared to -¥37,473,947.57 in Q1 2023[29] - The net cash flow from financing activities for Q1 2024 was ¥430,693,623.35, down from ¥480,679,973.39 in Q1 2023[29] - The ending cash and cash equivalents balance for Q1 2024 was ¥488,834,079.73, compared to ¥735,315,742.45 in Q1 2023[29] - The company reported a decrease in cash and cash equivalents by ¥41,741,866.93 in Q1 2024, compared to a decrease of ¥140,711,970.81 in Q1 2023[29] Operational Efficiency - The weighted average return on net assets for Q1 2024 was 3.78%, an increase of 3.23 percentage points compared to the previous year[5] - The operating profit was CNY 458.38 million, reflecting improved margins due to lower material costs[9] - Research and development expenses increased by CNY 38.21 million, indicating a commitment to innovation[9] - Research and development expenses for Q1 2024 were ¥115,240,260.28, up from ¥83,378,850.84 in Q1 2023, representing a 38.3% increase[24] - The company recognized government subsidies amounting to CNY 7,301,805.76, which are closely related to its normal business operations[7] - The company received CNY 408.14 million in government subsidies, contributing positively to other income[9] - The company underwent a merger with Zhanjiang Zhongzhi Paper Industry Co., Ltd., which required adjustments to the comparative financial statements[5] Inventory Management - The company reported a decrease in inventory by CNY 33.37 million, optimizing production needs[9] - Inventory increased to ¥1,378,578,762.03 from ¥1,033,671,132.10, reflecting a growth of 33.4%[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 48,408, indicating a stable shareholder base[12]