Financial Performance - Revenue for Q1 2024 reached ¥163,241,809.15, an increase of 11.95% compared to ¥145,815,419.53 in Q1 2023[5] - Net profit attributable to shareholders was ¥47,021,068.43, representing a significant increase of 101.38% from ¥23,349,990.23 in the same period last year[5] - The company reported a total profit of ¥55,862,527.96, which is an increase of 110.13% compared to ¥26,584,201.77 in Q1 2023[10] - Operating profit reached CNY 47,864,844.21, up from CNY 26,686,762.76, reflecting an increase of 79.3% year-over-year[21] - The total profit amounted to CNY 55,862,527.96, compared to CNY 26,584,201.77 in the previous year, marking a growth of 109.5%[21] - The total comprehensive income for the quarter was CNY 43,492,175.94, compared to CNY 23,303,865.59 in the same period last year, reflecting an increase of 86.5%[21] Cash Flow and Assets - The net cash flow from operating activities surged by 206.75% to ¥24,889,903.29, up from ¥8,113,941.73 in Q1 2023[5] - Cash flow from operating activities generated a net amount of CNY 24,889,903.29, a substantial increase from CNY 8,113,941.73 in the prior year[23] - The company's cash and cash equivalents at the end of Q1 2024 were ¥1,210,417,492.83, slightly down from ¥1,214,172,630.64 at the beginning of the period[16] - The cash and cash equivalents at the end of the period were CNY 1,161,801,003.26, up from CNY 304,871,114.18 at the end of the previous year[24] - Total assets at the end of Q1 2024 were ¥1,982,303,219.68, reflecting a slight increase of 0.43% from ¥1,973,801,490.98 at the end of the previous year[5] - Total assets as of the end of Q1 2024 amounted to ¥1,982,303,219.68, compared to ¥1,973,801,490.98 at the beginning of the period, showing a growth of 0.4%[18] - Total liabilities decreased to ¥341,542,730.46 from ¥377,035,203.79, a reduction of 9.4%[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 10,698[12] - Major shareholders include Jiang Ling with 36,271,000 shares and Zhang Yimin with 11,920,300 shares, both of which are subject to lock-up until 2027 and 2025 respectively[14] - The total number of restricted shares at the beginning of the period was 83,918,111, with 1,418,111 shares released during the period, leaving 82,500,000 restricted shares at the end[14] - The company has a total of 6,626,000 shares held by other restricted shareholders, all subject to lock-up until September 15, 2024[14] Operational Highlights - Basic earnings per share rose to ¥0.43, a 53.57% increase from ¥0.28 in the previous year[5] - Research and development expenses for Q1 2024 were ¥6,553,781.84, down from ¥7,249,216.95, indicating a decrease of 9.6%[20] - Total operating costs decreased to ¥116,564,235.98 from ¥120,312,643.37, reflecting a reduction of 3.1%[20] - Inventory increased to ¥195,539,996.46 from ¥188,567,086.15, representing a rise of 3.1%[16] Corporate Governance - The company held its first temporary shareholders' meeting on January 12, 2024, to elect the fourth board of directors and the fourth supervisory board[14] - The company announced that Vice General Manager Wang Jian will no longer serve in that role but will remain as a director and general manager of a subsidiary[14] - The company expressed gratitude to the outgoing third board of directors and supervisory board for their contributions during their tenure[14] Future Outlook and Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[10] - The company is undergoing a project name change and additional investment for the "Annual Production of 6.29 Million High-end Automotive Bearings Technology Renovation Expansion Project"[15] - The company plans to upgrade its technology research and development center, changing the implementation location as part of its strategic initiatives[15] - The company has not reported any new strategies or market expansions in this quarter[14] - There were no new product developments or technological advancements mentioned in the report[14] - The company did not provide specific performance guidance or future outlook in this report[14]
斯菱股份(301550) - 2024 Q1 - 季度财报