润禾材料(300727) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was CNY 297,941,857.10, representing an increase of 11.16% compared to CNY 268,028,531.99 in the same period last year[6] - Net profit attributable to shareholders for Q1 2024 was CNY 19,857,158.66, up 28.46% from CNY 15,457,410.12 year-on-year[6] - Basic earnings per share increased by 33.33% to CNY 0.16 from CNY 0.12 in the previous year[6] - Total operating revenue for Q1 2024 reached ¥297,941,857.10, an increase of 11.2% compared to ¥268,028,531.99 in Q1 2023[26] - Net profit for Q1 2024 was ¥19,857,158.66, representing a 28.5% increase from ¥15,457,410.12 in the same period last year[27] - The total comprehensive income for the first quarter of 2024 was ¥19,857,158.66, an increase from ¥15,457,410.12 in the same period last year, representing a growth of approximately 28.5%[28] - Basic earnings per share increased to ¥0.16 from ¥0.12, while diluted earnings per share rose to ¥0.17 from ¥0.14, indicating a positive trend in profitability[28] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 108.83%, amounting to CNY -63,865,621.46 compared to CNY -30,581,992.62 in the same period last year[6] - Cash inflow from operating activities totaled ¥231,016,198.84, compared to ¥208,679,149.37 in the previous year, reflecting an increase of about 10.7%[30] - The net cash flow from operating activities was -¥63,865,621.46, worsening from -¥30,581,992.62 year-over-year, indicating challenges in cash generation[31] - Cash inflow from investment activities was ¥146,923,785.64, significantly higher than ¥60,943,632.94 in the previous year, marking an increase of approximately 141%[31] - The net cash flow from investment activities improved to ¥1,194,934.51 from -¥144,529,907.77, showing a recovery in investment performance[31] - The cash and cash equivalents at the end of the period were ¥211,178,350.22, up from ¥111,956,210.75, indicating a strong liquidity position[31] - The company reported a cash outflow from financing activities of -¥621,410.52, slightly better than -¥739,121.12 in the previous year, suggesting improved management of financing costs[31] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,541,328,228.12, a decrease of 3.98% from CNY 1,605,170,803.30 at the end of the previous year[6] - Current liabilities totaled ¥353,350,923.70, down from ¥442,606,387.41, indicating a reduction of 20.2%[24] - Non-current liabilities slightly increased to ¥270,398,691.77 from ¥267,215,689.13, a rise of 0.7%[24] - The company's total assets decreased to ¥1,541,328,228.12 from ¥1,605,170,803.30, a decline of 4.0%[24] - The company's equity attributable to shareholders increased by 2.48% to CNY 917,578,612.65 from CNY 895,348,726.76 at the end of the previous year[6] - The total equity attributable to shareholders increased to ¥917,578,612.65 from ¥895,348,726.76, an increase of 2.5%[24] Expenses and Income - Total operating costs amounted to ¥279,484,151.98, up from ¥251,990,482.77, reflecting a rise of 10.9% year-over-year[26] - Research and development expenses for Q1 2024 were ¥11,726,817.86, down from ¥14,673,200.55, a decrease of 20.0%[27] - Financial expenses decreased by 55.59% year-on-year, primarily due to increased exchange gains during the reporting period[11] - The company reported a financial expense of ¥1,886,301.10, significantly lower than ¥4,247,336.37 in the previous year, a reduction of 55.6%[27] - Other income increased by 66.73% year-on-year, mainly due to an increase in government subsidies received[11] - Investment income surged by 367.86% year-on-year, attributed to higher returns from structured deposits purchased during the reporting period[11] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 18,634[13] - The total number of shares increased from 127,519,370 to 127,718,870 due to the registration of 199,500 shares from the restricted stock incentive plan[19] - The company completed the registration of restricted stock for 11 incentive targets, totaling 199,500 shares, which began trading on January 18, 2024[20] - The company did not propose to adjust the conversion price of the "Runhe Convertible Bonds," which remains at CNY 29.01 per share[19] - The company’s board decided not to propose downward adjustments to the conversion price of the "Runhe Convertible Bonds" for the next three months[19] Other Information - The cash and cash equivalents decreased from CNY 295,079,939.92 to CNY 228,935,796.50, representing a decline of approximately 22.5%[21] - Accounts receivable decreased from CNY 269,038,954.50 to CNY 247,336,460.17, a reduction of about 8.1%[21] - The prepayment items increased from CNY 8,995,321.11 to CNY 14,441,030.69, showing a growth of approximately 60.7%[21] - The trading financial assets decreased from CNY 140,433,388.74 to CNY 125,355,036.58, a decline of about 10.7%[21] - The company reported an increase in notes receivable from CNY 196,694,219.61 to CNY 209,669,601.17, an increase of approximately 6.4%[21] - The company’s total assets and liabilities will be detailed in the upcoming financial reports, reflecting ongoing financial health assessments[21] - The company did not undergo an audit for the first quarter report, which may affect the perception of financial reliability[33] - The company is set to implement new accounting standards starting in 2024, which may impact future financial reporting and performance metrics[32]