Financial Performance - The company's revenue for Q1 2024 was CNY 364,546,403.10, representing a 16.10% increase compared to CNY 313,995,716.04 in the same period last year[5]. - Net profit attributable to shareholders reached CNY 18,620,279.14, a significant increase of 14,989.93% from a loss of CNY 125,052.85 in Q1 2023[5]. - The basic earnings per share for Q1 2024 was CNY 0.19, compared to CNY 0.00 in the same period last year, marking a 14,989.93% increase[5]. - Total operating revenue for Q1 2024 reached ¥364,546,403.10, an increase of 16.1% compared to ¥313,995,716.04 in the same period last year[18]. - Net profit for Q1 2024 was ¥18,620,279.14, a significant recovery from a net loss of ¥125,052.85 in the previous year[19]. - Earnings per share for Q1 2024 were ¥0.19, compared to ¥0.00 in the same quarter last year[20]. Cash Flow - The net cash flow from operating activities was CNY 110,822,565.88, a 566.44% increase compared to a negative cash flow of CNY 23,759,394.13 in the previous year[10]. - The net cash flow from investment activities was -CNY 2,977,023.39, compared to -CNY 2,322,173.03 in the previous period, indicating a decline of approximately 28.3%[22]. - The total cash inflow from financing activities was CNY 10,000,000.00, while cash outflow was CNY 75,000,000.00, resulting in a net cash flow of -CNY 65,000,000.00[22]. - The cash and cash equivalents at the end of the period amounted to CNY 67,975,084.71, an increase from CNY 31,618,042.19 in the previous period, representing a growth of approximately 114.4%[22]. - The cash flow from operating activities was not detailed in the provided data, indicating a focus on investment and financing activities[22]. Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 1,814,339,687.28, a decrease of 1.99% from CNY 1,851,170,500.34 at the end of the previous year[5]. - Total current assets amount to 604,597,617.70 CNY, a decrease from 623,223,648.50 CNY at the beginning of the period[14]. - Total current liabilities decreased to 200,476,896.26 CNY from 255,953,426.32 CNY[15]. - The company reported a total liability of ¥227,197,050.56, down from ¥283,312,247.63, showing a reduction in debt[19]. - The total equity attributable to shareholders rose to ¥1,587,142,636.72 from ¥1,567,858,252.71, reflecting a healthy balance sheet[19]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 10,074[12]. - The largest shareholder, Yang Hanzhou, holds 35.23% of shares, totaling 35,227,766 shares[12]. Operational Highlights - The company's gross profit margin improved, contributing to the significant increase in net profit due to higher sales volume and improved profitability[9]. - The company reported a 174.13% increase in other income, amounting to CNY 3,220,900.12, primarily due to input tax deductions[9]. - The company experienced a 72.00% increase in taxes and surcharges, totaling CNY 2,592,147.42, due to increased VAT payable[9]. - Research and development expenses increased to ¥13,683,916.55, up from ¥12,593,127.64, indicating a focus on innovation[18]. - The company aims to expand its market presence and enhance product offerings through ongoing research and development initiatives[20]. Changes and Standards - The company did not undergo an audit for the first quarter report, which may affect the perception of financial reliability[23]. - The company has adopted new accounting standards starting in 2024, which may impact future financial reporting[23].
双乐股份(301036) - 2024 Q1 - 季度财报