Financial Performance - The company's revenue for Q1 2024 was ¥714,367,029.71, a decrease of 8.19% compared to ¥778,126,632.85 in the same period last year[5] - Net profit attributable to shareholders increased significantly to ¥12,796,115.83, representing a 663.77% increase from ¥1,675,379.08 in the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥11,623,689.01, a substantial increase of 6,782.20% compared to a loss of ¥173,950.10 in the same period last year[5] - Total operating revenue for Q1 2024 was CNY 714,367,029.71, a decrease of 8.2% compared to CNY 778,126,632.85 in Q1 2023[20] - Net profit for Q1 2024 reached CNY 12,297,714.43, compared to a net profit of CNY 1,568,085.98 in Q1 2023, indicating a significant improvement[21] - The total comprehensive income for the first quarter of 2024 was CNY 12,297,714.43, compared to CNY 1,568,085.98 in the same period last year, indicating a significant increase[22] - Basic and diluted earnings per share for the first quarter were both CNY 0.0531, up from CNY 0.0069 year-over-year[22] Assets and Liabilities - The company's total assets as of March 31, 2024, were ¥2,740,144,658.74, reflecting a 3.36% increase from ¥2,651,119,418.92 at the end of the previous year[5] - Total liabilities rose to CNY 1,623,173,049.17 in Q1 2024, compared to CNY 1,546,473,052.08 in the same period last year[19] - The company's total assets increased to CNY 2,740,144,658.74 in Q1 2024, up from CNY 2,651,119,418.92 in Q1 2023[19] Cash Flow - The net cash flow from operating activities improved to -¥11,586,484.84, an 81.85% improvement from -¥63,844,173.50 in the previous year[5] - Cash inflow from operating activities totaled CNY 638,602,031.03, an increase from CNY 546,266,041.13 in the previous year, reflecting a growth of approximately 16.9%[25] - Cash flow from investment activities generated a net inflow of CNY 24,771,606.60, compared to a net outflow of CNY -36,065,655.83 in the previous year[25] - The total cash and cash equivalents at the end of the period were CNY 269,906,657.88, down from CNY 459,883,677.35 year-over-year[25] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 12,697, with no preferred shareholders[11] - The company has a major shareholder, Juxing Holdings Group, holding 21.15% of shares, totaling 51,000,000 shares[12] - Another significant shareholder, Qiu Jianping, owns 20.74% of shares, amounting to 50,000,000 shares[12] - The total number of shares held by the top 10 shareholders indicates a concentrated ownership structure, with the top three shareholders holding over 59% of the total shares[12] - The company plans to release 158,546,250 shares, with a portion of these shares subject to lock-up agreements until July 2024[15] Income and Expenses - The company reported a significant increase in other income, which rose by 181.45% to ¥526.34 million, driven by government subsidies and VAT reductions[9] - The company experienced a significant reduction in tax expenses, reporting CNY 288,597.31 for Q1 2024 compared to CNY 2,238,600.06 in the previous year[21] - Total operating costs for Q1 2024 were CNY 682,663,938.24, down 10% from CNY 758,187,291.31 in the previous year[20] - Research and development expenses for Q1 2024 were CNY 17,382,182.21, slightly up from CNY 16,913,562.86 in Q1 2023[21] Accounts Receivable - Accounts receivable increased by 270.92% to ¥60,675.71 million, primarily due to changes in credit payment policies for downstream customers[9] - Accounts receivable rose significantly to ¥606,757,054.28 from ¥163,582,619.81, indicating a substantial increase of about 270.5%[17] - The company reported an increase in accounts receivable, which may indicate growing sales but also potential liquidity risks if collection is delayed[17] Liquidity and Financial Position - The financial report indicates a healthy liquidity position with cash reserves increasing, which may support future investments or operational needs[17] - The company received government subsidies amounting to ¥1,269,779.46, which positively impacted its financial performance[6] - The trading financial assets decreased to ¥61,853,666.67 from ¥91,853,666.67, showing a decline of approximately 32.7%[17] Other Information - The company has not yet adopted the new accounting standards for the current year[26] - The first quarter report was not audited, which may affect the reliability of the financial data presented[26]
新柴股份(301032) - 2024 Q1 - 季度财报