浙江力诺(300838) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥181,732,404.03, a decrease of 20.77% compared to ¥229,370,146.64 in the same period last year[5] - Net profit attributable to shareholders was ¥6,676,402.43, down 74.06% from ¥25,739,718.17 year-on-year[5] - Basic earnings per share decreased by 73.68% to ¥0.05 from ¥0.19 in the same period last year[5] - Total operating revenue for Q1 2024 was CNY 181,732,404.03, a decrease of 20.8% compared to CNY 229,370,146.64 in the same period last year[26] - Net profit for Q1 2024 was CNY 6,627,859.27, a decline of 74.3% from CNY 25,739,718.17 in Q1 2023[27] - The total comprehensive income for Q1 2024 is CNY 6,627,859.27, significantly lower than CNY 25,739,718.17 in Q1 2023, indicating a decrease of approximately 74.3%[28] Cash Flow and Liquidity - The net cash flow from operating activities was -¥68,029,175.39, a decline of 42.34% compared to -¥47,794,134.64 in the previous year[12] - Cash inflow from operating activities totaled CNY 185,342,853.49, compared to CNY 229,153,663.62 in the previous year, reflecting a decrease of approximately 19.1%[31] - Cash and cash equivalents decreased to CNY 67,675,059.05 from CNY 105,884,669.78, representing a decline of 36.0%[23] - Cash and cash equivalents at the end of Q1 2024 amount to CNY 50,752,788.91, down from CNY 70,609,076.61 at the end of Q1 2023, a decline of about 28.2%[32] - The company reported a net cash outflow from investing activities of -CNY 14,502,749.98, compared to a net inflow of CNY 4,120,766.41 in the same period last year[31] - Cash flow from financing activities generated a net inflow of CNY 46,121,450.00 in Q1 2024, contrasting with a net outflow of -CNY 388,241.68 in Q1 2023[31] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,461,557,832.19, reflecting a slight increase of 0.41% from ¥1,455,557,165.96 at the end of the previous year[5] - Current liabilities decreased to CNY 416,771,404.87 from CNY 440,485,436.73, a reduction of 5.4%[24] - Long-term borrowings increased significantly by 417.00% to ¥25,850,000.00 from ¥5,000,000.00, indicating a shift in financing strategy[9] - Long-term borrowings increased to CNY 25,850,000.00 from CNY 5,000,000.00, a significant increase of 417.0%[24] Shareholder Information - The total number of common shareholders at the end of the reporting period is 11,912[14] - The largest shareholder, Chen Xiaoyu, holds 21.01% of the shares, totaling 28,812,500 shares[14] - The company has a total of 21,609,375 restricted shares held by Chen Xiaoyu, which are subject to a lock-up period[17] - The company has established a joint action agreement among major shareholders, which is valid until March 8, 2025[15] - The top ten shareholders hold a significant portion of the company's shares, with the top three shareholders alone accounting for over 37%[14] - The company has not reported any changes in the participation of major shareholders in margin trading activities[15] Investment Activities - The company plans to invest 24.5633 million RMB to acquire 51% of Longyou Krit Mechanical Equipment Co., Ltd[19] - The investment in Krit Mechanical is aimed at expanding the company's presence in the valve industry and enhancing its competitiveness in mid-to-high-end markets[20] - The investment in Krit Mechanical is expected to create strong synergies with the company's current business and market expansion efforts[20] - The net assets of Krit Mechanical were negative as of December 31, 2023, indicating potential risks in future operations[20] Research and Development - The company reported R&D expenses of CNY 8,481,957.42, up 10.4% from CNY 7,681,154.09 in the previous year[27] Profitability Metrics - The weighted average return on equity decreased to 0.65% from 2.76% year-on-year, indicating a decline in profitability[5] - The company received government subsidies amounting to ¥952,864.08, which is a decrease of 50.74% compared to ¥1,934,305.13 in the previous year[10] - The company experienced a foreign exchange loss of -CNY 77,631.37 in Q1 2024, compared to -CNY 53,978.53 in the previous year[32] Audit Status - The company has not undergone an audit for the Q1 2024 report[33]