TARRY(SZ:300976)2024-04-23 11:58Revenue and Profitability - The company's revenue for Q1 2024 reached ¥452,900,659.39, representing a 65.24% increase compared to ¥274,086,555.49 in the same period last year[4] - Net profit attributable to shareholders was ¥31,035,691.66, a significant increase of 1,131.75% from ¥2,519,633.01 in the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥25,693,502.80, up 848.23% from a loss of ¥3,433,905.49 in the same period last year[4] - Basic and diluted earnings per share both increased to ¥0.33, a 1,000% rise from ¥0.03 in the previous year[4] - The total operating revenue for Q1 2024 was 424,666,318.05 CNY, compared to 285,674,513.61 CNY in Q1 2023, representing an increase of approximately 48.7%[27] - The net profit for Q1 2024 reached 29,281,152.62 CNY, a significant increase from 1,337,660.58 CNY in the same period last year, marking a growth of approximately 2,090.5%[27] - The operating profit for Q1 2024 was 33,542,616.49 CNY, compared to 2,903,474.46 CNY in Q1 2023, indicating an increase of about 1,053.5%[27] - The total comprehensive income for Q1 2024 was 29,368,533.66 CNY, compared to 1,378,988.46 CNY in Q1 2023, representing an increase of approximately 2,128.5%[28] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥3,721,254,362.20, a 1.18% increase from ¥3,677,787,293.81 at the end of the previous year[4] - The total liabilities rose to RMB 487,592,888.61, compared to RMB 442,202,186.89 at the beginning of the period, indicating an increase of 10.3%[25] - The company's cash and cash equivalents at the end of the first quarter were RMB 990,908,365.26, down from RMB 1,136,673,281.28 at the beginning of the period[23] - The accounts receivable decreased to RMB 307,792,436.49 from RMB 370,296,595.56, a decline of 16.8%[24] - The company reported a decrease in short-term borrowings, with total current liabilities amounting to RMB 473,769,842.65, up from RMB 427,301,533.49, an increase of 10.9%[25] Cash Flow - Cash flow from operating activities showed a significant decline, with a net cash flow of ¥8,978,415.29, down 92.53% from ¥120,175,455.73 in the previous year[4] - The cash flow from operating activities for Q1 2024 was 8,978,415.29 CNY, a decrease from 120,175,455.73 CNY in Q1 2023, showing a decline of about 92.5%[31] - The company experienced a net cash decrease of 117,721,388.27 CNY in Q1 2024, compared to a decrease of 6,864,606.70 CNY in Q1 2023, indicating a worsening cash flow situation[31] - The company reported an investment cash outflow of 412,040,971.87 CNY in Q1 2024, compared to 263,405,112.46 CNY in Q1 2023, reflecting an increase of about 56.4%[31] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,273, with no preferred shareholders recovering voting rights[16] - The largest shareholder, Li Qingping, holds 35.06% of the shares, amounting to 33,509,700 shares, with no shares under pledge[16] - The company repurchased 1,032,409 shares, accounting for 1.08% of the total share capital as of March 31, 2024[17] - The top ten shareholders collectively hold significant stakes, with the second-largest shareholder, Li Dongping, owning 12.43% (11,882,723 shares), of which 2,350,000 shares are pledged[16] - The company has no preferred shareholders and no changes in the number of restricted shares during the reporting period[18] - The total number of restricted shares at the end of the period was 57,124,436, with 40,000 shares newly restricted due to incentive plans[20] - The company plans to unlock restricted shares for key personnel upon meeting specific incentive conditions[19] - The company plans to cancel 96,000 restricted shares due to one incentive object leaving the company, reducing the total shares from 95,564,600 to 95,468,600[21] Inventory and Investments - Inventory increased by 30.32% to ¥335,476,681.09, attributed to a rise in work-in-progress and finished goods[9] - The company reported a 135.94% increase in cash recovered from investments, totaling ¥283,129,998.35, due to an increase in the recovery of financial product principal[13] - Investment cash paid increased by 55.75% to approximately CNY 357.13 million, primarily due to increased purchases of financial products during the reporting period[14] - Cash received from investment absorption was CNY 0, a decrease of 100% compared to CNY 7.2 million in the previous period, mainly due to last period's receipt of subsidiary investment funds[14] - The company reported a 35.56% increase in trading financial assets, totaling ¥424,101,874.29, due to increased investment in financial products during the reporting period[8] Research and Development - Research and development expenses increased to 21,790,502.10 CNY in Q1 2024 from 19,875,437.99 CNY in Q1 2023, reflecting a growth of approximately 9.6%[27] Other Information - The company has not disclosed any new product developments or market expansion strategies during this reporting period[20]