China Catalyst (SH:688267)2024-04-22 12:08Financial Performance - The company's operating revenue for Q1 2024 reached CNY 198,918,280.83, representing a significant increase of 61.19% compared to the same period last year[5]. - Net profit attributable to shareholders was CNY 35,065,569.57, reflecting a remarkable growth of 1,610.19% year-over-year[5]. - The gross profit margin for the first quarter was 37.61%, an increase of 5.97 percentage points from the previous year, driven by increased sales volume and higher unit prices[6]. - Operating profit for Q1 2024 was ¥42,250,340.76, compared to ¥2,420,417.03 in Q1 2023, reflecting a substantial growth[21]. - Net profit for Q1 2024 was ¥35,065,569.57, up from ¥2,050,387.68 in Q1 2023, indicating a remarkable increase[22]. - Basic and diluted earnings per share for Q1 2024 were both ¥0.20, compared to ¥0.01 in Q1 2023[22]. - The basic earnings per share for the quarter was CNY 0.20, reflecting a year-over-year increase of 1,886.97%[6]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -20,378,711.16, primarily due to the payment of CNY 50,442,200 related to bill discounts[6]. - Cash inflow from operating activities in Q1 2024 was ¥162,943,409.42, down from ¥213,757,758.38 in Q1 2023, a decrease of approximately 23.7%[23]. - The net cash flow from operating activities was -$20,378,711.16, a significant decrease compared to $105,986,503.17 in the previous year[24]. - Total cash outflow from operating activities amounted to $183,322,120.58, up from $107,771,255.21 year-over-year[24]. - The total cash and cash equivalents at the end of the period were $266,212,506.99, down from $378,485,410.53 year-over-year[25]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,902,185,300.76, a slight decrease of 0.25% from the end of the previous year[6]. - As of March 31, 2024, the company's total assets amounted to CNY 2,902,185,300.76, a slight decrease from CNY 2,909,414,375.33 at the end of 2023[17]. - Total liabilities decreased to ¥237,105,024.70 in Q1 2024 from ¥273,891,497.79 in Q1 2023, showing a reduction of approximately 13.5%[20]. - The company's total current liabilities decreased significantly from CNY 1,000,000.00 to CNY 51,442,402.81, reflecting a substantial reduction in short-term borrowings[18]. - The total non-current assets increased to CNY 1,094,259,072.60 from CNY 1,068,928,732.77, marking an increase of approximately 2.4%[18]. - The total liabilities decreased, indicating improved financial stability, although specific figures were not provided in the summary[18]. Research and Development - Research and development expenses totaled CNY 11,509,149.96, accounting for 5.79% of operating revenue, a decrease of 4.70 percentage points compared to the previous year[6]. - Research and development expenses for Q1 2024 were ¥11,509,149.96, slightly down from ¥12,946,225.99 in Q1 2023[20]. Strategic Initiatives - The company aims to strengthen cooperation with high-quality domestic and international enterprises to enhance its core competitiveness and profitability[7]. Shareholder Actions - The company reported a total of 3,079,019 shares repurchased, accounting for 1.75% of the total share capital[14].