Financial Performance - The company's operating revenue for Q1 2024 was ¥130,906,696, a decrease of 34.70% compared to ¥200,457,341 in the same period last year[5]. - Net profit attributable to shareholders was ¥10,600,895.51, down 36.71% from ¥16,749,069.79 year-on-year[5]. - Basic and diluted earnings per share decreased by 36.73% to ¥0.1299 from ¥0.2053 in the same period last year[5]. - The decrease in revenue and net profit was primarily attributed to a reduction in order volume[8]. - The total operating revenue for the first quarter of 2024 was CNY 130,906,696, a decrease of 34.5% compared to CNY 200,457,341.15 in the same period last year[18]. - The net profit for the first quarter of 2024 was CNY 10,600,895.51, representing a decline of 36.5% from CNY 16,749,069.79 in the prior year[19]. - The net profit attributable to the parent company for Q1 2024 is ¥10,600,895.51, a decrease of 36.3% compared to ¥16,749,069.79 in the same period last year[20]. - Basic and diluted earnings per share for Q1 2024 are both ¥0.1299, down from ¥0.2053 in Q1 2023, representing a decline of 36.6%[20]. Cash Flow - The net cash flow from operating activities improved significantly to ¥26,138,948.25, a 178.42% increase from -¥33,331,327.11 in the previous year[5]. - Cash flow from operating activities for Q1 2024 is ¥26,138,948.25, a significant improvement from a net cash outflow of ¥33,331,327.11 in Q1 2023[23]. - Total cash inflow from operating activities is ¥146,849,995.83, down 23.8% from ¥192,720,420.78 in the previous year[23]. - Cash outflow from operating activities decreased to ¥120,711,047.58, compared to ¥226,051,747.89 in the same period last year, indicating improved cash management[23]. - Cash flow from investing activities shows a net outflow of ¥14,155,859.79, an improvement from a net outflow of ¥59,338,517.73 in Q1 2023[24]. - Cash flow from financing activities for Q1 2024 is a net inflow of ¥288,433.53, compared to a net inflow of ¥25,598,195.01 in the same period last year[24]. - The ending balance of cash and cash equivalents is ¥365,175,287.64, an increase from ¥284,661,073.33 at the end of Q1 2023[24]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,303,578,162.53, a decline of 2.17% from ¥1,332,483,928.33 at the end of the previous year[5]. - The total liabilities decreased to CNY 181,744,332.91 from CNY 221,250,994.22, reflecting a reduction of 17.8%[16]. - The total equity attributable to shareholders increased to CNY 1,121,833,829.62 from CNY 1,111,232,934.11, showing a growth of 0.9%[16]. - Cash and cash equivalents at the end of the first quarter were CNY 288,911,543.39, slightly up from CNY 283,985,389.60[15]. - The accounts receivable decreased to CNY 111,437,449.66 from CNY 140,334,176.09, indicating a reduction of 20.6%[15]. - The inventory level was CNY 182,619,922.34, down from CNY 194,354,182.31, a decrease of 6.0%[15]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,959[10]. - Major shareholder Yang Jinde holds 42.96% of the shares, while Yang Lei holds 10.74%, making them the joint actual controllers of the company[11]. Other Information - The company reported a non-recurring profit of ¥129,372.88 for the period, mainly from government subsidies and other income[6]. - The company has not undergone an audit for the Q1 2024 report[25]. - The report indicates that the company will implement new accounting standards starting in 2024[25]. - The total operating costs for the first quarter of 2024 were CNY 120,184,649.09, down 35.5% from CNY 186,980,791.99 in the previous year[19]. - The company reported a significant reduction in research and development expenses to CNY 7,342,640.77 from CNY 8,426,619.16, a decline of 12.9%[19].
宏德股份(301163) - 2024 Q1 - 季度财报