Financial Performance - The company's revenue for Q1 2024 was ¥547,888,199.67, a decrease of 3.39% compared to ¥567,095,084.67 in the same period last year[5] - Net profit attributable to shareholders was ¥41,283,922.38, down 18.73% from ¥50,797,667.32 year-on-year[5] - Operating profit for Q1 2024 was CNY 47,173,178.21, down 19.0% from CNY 58,226,405.62 in Q1 2023[18] - Basic and diluted earnings per share for Q1 2024 were both CNY 0.21, down from CNY 0.26 in Q1 2023[19] - Net profit for Q1 2024 was CNY 40,884,401.37, down 19.5% from CNY 50,720,088.47 in the same period last year[18] Cash Flow - The net cash flow from operating activities increased significantly by 255.52%, reaching ¥139,776,388.78 compared to ¥39,316,592.74 in the previous year[5] - Total cash inflow from operating activities is $827,865,161.19, up from $738,332,523.46, reflecting a growth of 12.1%[22] - Cash outflow for operating activities decreased to $688,088,772.41 from $699,015,930.72, indicating a reduction of 1.3%[22] - Cash inflow from investment activities reached $537,260,251.78, a substantial increase from $1,569,829.97 in the previous period[22] - The net cash flow from investment activities is -$114,975,413.84, slightly worsening from -$107,061,552.54 year-over-year[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,926,893,775.46, a decrease of 2.64% from ¥4,033,404,140.20 at the end of the previous year[5] - The company's total liabilities decreased to CNY 1,027,623,945.08 from CNY 1,175,671,841.77, reflecting a reduction of approximately 12.6%[17] - The total equity attributable to shareholders increased to CNY 2,896,618,664.59 from CNY 2,854,685,782.37, marking a growth of about 1.5%[17] - Total current assets decreased to ¥2,396,607,503.07 from ¥2,489,756,807.20[16] - Accounts receivable decreased by 22.95% to ¥489,389,179.35, primarily due to a decline in revenue scale in Q1 2024 compared to Q4 2023[9] Shareholder Information - Total number of common shareholders at the end of the reporting period is 23,788[12] - The largest shareholder, Zhongrong Printing Group Co., Ltd., holds 42.00% of shares, totaling 81,112,500 shares[12] - The second largest shareholder, Zhuhai Hengqin Jiesheng Investment Partnership, holds 30.74%, totaling 59,370,260 shares[12] Other Financial Metrics - The weighted average return on equity was 1.42%, down from 1.87% in the same period last year, reflecting a decline of 0.45%[5] - Research and development expenses were CNY 22,614,199.03, slightly down from CNY 23,013,342.48 in the previous year[18] - Other income increased by 29.28% to ¥7,000,490.89, mainly due to the impact of VAT deductions[10] - Other comprehensive income after tax for the period was CNY -1,523,968.24, compared to CNY 345,721.15 in the previous year[19] Inventory and Investments - Inventory at the end of the period is ¥300,138,427.63, slightly down from ¥306,183,105.26[16] - Long-term equity investments are valued at ¥90,064.93, a slight decrease from ¥91,072.94[16] - The company recorded a 34124.10% increase in cash inflows from investment activities, totaling ¥537,260,251.78, mainly due to the redemption of wealth management products[10] - The net cash outflow from investment activities was ¥652,235,665.62, a 500.41% increase attributed to the purchase of wealth management products[10] Operational Insights - The company has no short-term borrowings reported for the period[16] - The company has not disclosed any new product developments or market expansion strategies in the current report[15] - The impact of exchange rate changes on cash and cash equivalents was -$1,490,905.45, contrasting with a positive impact of $19,969.45 in the previous period[22]
中荣股份(301223) - 2024 Q1 - 季度财报