Financial Performance - The company's revenue for Q1 2024 was CNY 216,140,653.20, representing a 12.22% increase compared to CNY 192,609,071.51 in the same period last year[5] - Net profit attributable to shareholders decreased by 20.23% to CNY 21,610,315.10 from CNY 27,092,222.04 year-on-year[5] - Total operating revenue for Q1 2024 reached CNY 216,140,653.20, an increase of 12.9% compared to CNY 192,609,071.51 in Q1 2023[26] - Net profit for Q1 2024 was CNY 21,610,315.10, a decrease of 20.3% from CNY 27,092,222.04 in Q1 2023[27] - The total comprehensive income for the first quarter was CNY 21,610,315.10, a decrease from CNY 27,092,222.04 in the previous period, reflecting a decline of approximately 20.2%[28] - Basic and diluted earnings per share for the quarter were CNY 0.37, down from CNY 0.46 in the same period last year, representing a decrease of about 19.6%[28] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 27,386,442.24, down 5.01% from CNY 28,830,461.98 in Q1 2023[5] - Cash inflow from operating activities totaled CNY 206,035,030.14, compared to CNY 204,167,339.34 in the previous year, showing a modest increase of about 0.9%[30] - Cash outflow from operating activities was CNY 178,648,587.90, up from CNY 175,336,877.36, which is an increase of approximately 1.3%[30] - The net cash flow from investing activities was negative CNY 19,582,302.49, an improvement from negative CNY 92,941,661.98 in the previous year[31] - Cash and cash equivalents at the end of the period amounted to CNY 386,129,287.47, an increase from CNY 147,690,122.09 at the end of the previous period[31] - The company did not report any cash inflow from financing activities during the quarter, maintaining a consistent trend from the previous year[31] Assets and Liabilities - Total assets increased by 0.74% to CNY 1,293,743,065.91 compared to CNY 1,284,290,178.68 at the end of the previous year[5] - Total liabilities decreased to CNY 137,531,545.11 from CNY 148,835,785.55 in the previous quarter, reflecting a reduction of 7.8%[24] - The company's total assets increased to CNY 1,293,743,065.91, compared to CNY 1,284,290,178.68 at the end of the previous quarter[25] - The company reported a total current asset balance of approximately 1.213 billion yuan at the end of the quarter, slightly up from 1.203 billion yuan at the beginning of the quarter[22] - The company’s cash and cash equivalents at the end of Q1 2024 were approximately 389 million yuan, compared to 382 million yuan at the beginning of the quarter[22] Operating Costs and Profitability - The gross profit margin decreased due to a 17.21% rise in operating costs, primarily driven by increased material prices[9] - Operating costs for the same period were CNY 196,165,840.91, up 15.0% from CNY 170,871,609.23 in the previous year[26] - The company's gross profit margin for Q1 2024 was 21.99%, a decrease compared to Q1 2023, but still within a high range for the industry[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 4,916[11] - The top shareholder, Liao Gaobing, holds 30.70% of the shares, totaling 18,000,000 shares[11] - The total number of restricted shares decreased from 2.7 million to 2.025 million shares during the reporting period due to the release of certain executive shares[14] Investments and Expansion - The company invested 158.93 million yuan to expand the production capacity of microelectronic soldering materials by an additional 30,000 tons[16] - The company is actively expanding its market presence in Southeast Asia and the Americas, enhancing its channel network and brand influence through various marketing initiatives[20] - The company received government subsidies amounting to CNY 2,802,635.12 during the reporting period[7] Research and Development - Research and development expenses for Q1 2024 were CNY 5,698,813.11, a decrease of 15.7% from CNY 6,759,899.94 in Q1 2023[26] Other Information - The company approved a stock option incentive plan for 2024 to align employee interests with company performance[17] - The company reported an investment income of CNY 2,062,903.46, down from CNY 2,400,833.01 in the previous year[27] - Deferred tax assets increased to CNY 5,268,936.39 from CNY 4,855,080.67, indicating potential future tax benefits[24] - The company maintained a stable equity position with total equity amounting to CNY 1,156,211,520.80, slightly up from CNY 1,135,454,393.13[25] - The report indicates that the company is adapting to new accounting standards starting from 2024[32] - The company has not undergone an audit for the first quarter report[33]
唯特偶(301319) - 2024 Q1 - 季度财报