华业香料(300886) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 reached ¥78,825,889.40, representing an increase of 18.99% compared to ¥66,247,446.22 in the same period last year[5] - Net profit attributable to shareholders was ¥5,888,470.69, a significant increase of 249.27% from ¥1,685,931.63 in the previous year[5] - Basic earnings per share rose to ¥0.0790, up 249.56% from ¥0.0226 in the same quarter last year[5] - Total operating revenue for Q1 2024 reached ¥78,825,889.40, an increase of 18.9% compared to ¥66,247,446.22 in Q1 2023[22] - Net profit for Q1 2024 was ¥5,888,470.69, significantly higher than ¥1,686,051.58 in Q1 2023, marking an increase of 249.5%[23] - Earnings per share for Q1 2024 were ¥0.0790, compared to ¥0.0226 in Q1 2023, representing a growth of 249.5%[24] Cash Flow - The net cash flow from operating activities improved to ¥12,642,458.35, a 300.59% increase from a negative cash flow of -¥6,302,783.90 in Q1 2023[5] - Cash inflow from operating activities was ¥92,929,290.25, an increase from ¥78,446,389.82 in the previous year, showing a growth of 18.5%[26] - The net cash flow from operating activities for Q1 2024 was ¥12,642,458.35, a significant improvement compared to a net outflow of ¥6,302,783.90 in Q1 2023, representing a turnaround of approximately 200%[27] - Total cash inflow from investment activities was ¥50,287,372.10, while cash outflow was ¥56,716,413.99, resulting in a net cash flow from investment activities of -¥6,429,041.89, an improvement from -¥31,303,680.43 in the previous year[27] - The net cash flow from financing activities was -¥25,025.00, compared to -¥231,675.00 in Q1 2023, indicating a reduction in cash outflow by approximately 89%[27] - The total cash and cash equivalents at the end of Q1 2024 stood at ¥66,136,799.64, up from ¥59,553,889.73 at the beginning of the quarter, marking an increase of about 11%[27] - The company reported a cash flow impact from exchange rate changes of ¥394,518.45, contrasting with a negative impact of -¥546,135.76 in the previous year[27] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥595,091,071.69, a decrease of 1.20% from ¥602,320,218.77 at the end of the previous year[5] - The total liabilities decreased to ¥49,447,349.18 from ¥63,765,496.17 year-over-year, indicating a reduction of 22.5%[23] - The company’s total liabilities decreased, with a notable reduction in contract liabilities by 39.09% to ¥784,547.41 due to a decrease in advance payments received[8] - Current assets totaled CNY 289,149,194.72, slightly down from CNY 293,373,254.39 at the start of the quarter[19] - The total non-current assets were CNY 305,941,876.97, slightly down from CNY 308,946,964.38 at the beginning of the quarter[19] - Accounts payable decreased significantly to CNY 24,969,996.57 from CNY 34,282,876.35, a reduction of approximately 27.1%[19] Profitability - The company’s gross profit margin improved, contributing to a 236.93% increase in operating profit to ¥7,025,112.99 compared to ¥2,085,048.45 in Q1 2023[8] - The weighted average return on equity increased to 1.09%, up from 0.31% in the previous year, reflecting improved profitability[5] - Total equity attributable to shareholders increased to ¥545,643,722.51 from ¥538,554,722.60, reflecting a growth of 1.9%[23] Other Income and Expenses - The company reported a significant increase in government subsidies recognized as other income, totaling ¥832,725.44, which is 117.44% higher than the previous year's amount[8] - The company experienced a 148.90% increase in financial assets measured at fair value, amounting to ¥50,000,000.00 due to the purchase of wealth management products[8] - Research and development expenses for Q1 2024 totaled ¥3,111,595.12, a decrease of 7.0% from ¥3,346,495.59 in Q1 2023[23] - The company reported a significant increase in investment income, which was ¥292,068.54 compared to ¥450,068.49 in the previous year, indicating a decrease of 35.2%[23] Corporate Governance - The board of directors and supervisory board were re-elected on January 5, 2024, with new appointments for senior management positions[15] - The company has not reported any changes in the participation of major shareholders in margin trading activities[12] - The company did not undergo an audit for the Q1 2024 report, which is noted as unaudited[28]