Financial Performance - The company achieved operating revenue of CNY 513.10 million in Q1 2024, representing a 26.55% increase compared to CNY 405.46 million in the same period last year[4] - Net profit attributable to shareholders was CNY 40.75 million, up 16.37% from CNY 35.01 million year-on-year[4] - The net profit after deducting non-recurring gains and losses was CNY 39.77 million, reflecting a significant increase of 36.50% compared to CNY 29.13 million in the previous year[4] - Basic earnings per share rose to CNY 0.0964, a 16.43% increase from CNY 0.0828 in the previous year[4] - Total operating revenue for Q1 2024 reached ¥513,097,752.47, an increase of 26.6% compared to ¥405,462,081.62 in Q1 2023[18] - Net profit for Q1 2024 was ¥44,461,712.02, representing a 36.4% increase from ¥32,577,426.48 in Q1 2023[19] - The company's gross profit margin improved to approximately 8.8% in Q1 2024, compared to 7.5% in Q1 2023[19] - Total comprehensive income for the period reached CNY 44,461,712.02, compared to CNY 32,295,686.57 in the previous period, reflecting a significant increase[20] - Basic and diluted earnings per share increased to CNY 0.0964 from CNY 0.0828, reflecting a growth of 16.25%[20] Cash Flow and Liquidity - The company's cash flow from operating activities decreased by 14.34% to CNY 42.07 million, down from CNY 49.12 million in the same quarter last year[4] - Net cash flow from operating activities was CNY 42,074,199.13, down from CNY 49,120,129.52 in the previous period, indicating a decrease of approximately 2.13%[23] - Cash inflow from operating activities totaled CNY 560,679,981.28, an increase of 19.75% from CNY 467,958,252.69 in the previous period[22] - Cash outflow from operating activities was CNY 518,605,782.15, compared to CNY 418,838,123.17 in the previous period, representing an increase of 23.83%[23] - The company's cash and cash equivalents increased to ¥693,587,072.11 from ¥491,111,890.08, representing a growth of approximately 41.2%[14] - Total cash and cash equivalents at the end of the period were CNY 616,508,657.56, down from CNY 662,636,974.71 in the previous period[23] Market Performance - The company's domestic market revenue was approximately CNY 320 million, showing a year-on-year growth of about 36%[9] - Revenue from overseas markets was approximately CNY 190 million, reflecting a year-on-year increase of about 13%[9] Shareholder Information - The total number of common shareholders at the end of the reporting period is 18,592[10] - The largest shareholder, Ma Yongtao, holds 25.64% of the shares, totaling 108,397,631 shares[10] - The second-largest shareholder, Guangdong Dongjian Huiying Investment Co., Ltd., holds 15.48% of the shares, totaling 65,448,000 shares[10] - The third-largest shareholder, Ma Huiyang, holds 11.23% of the shares, totaling 47,456,999 shares[10] - The total number of restricted shares at the end of the period is 267,937,254, with 1,205,475 shares released during the period[12] - The total number of shares held by the top ten unrestricted shareholders is 56,000,000 shares[10] - The company has a total of 269,142,729 restricted shares at the beginning of the period[12] - The company has no preferred shareholders or changes in the number of preferred shareholders[11] - The company has not reported any changes in the participation of major shareholders in margin trading[11] Asset Management - Total assets at the end of the reporting period reached CNY 3.02 billion, a 9.62% increase from CNY 2.76 billion at the end of the previous year[4] - The total assets of the company rose to ¥3,022,608,564.39, up from ¥2,757,294,701.24, showing growth in the asset base[16] - The company's equity attributable to shareholders increased to ¥1,656,556,939.11 from ¥1,615,368,635.29, reflecting retained earnings growth[16] Cost Management - Total operating costs amounted to ¥467,903,959.01, up 26.6% from ¥369,666,581.90 in the previous year[19] - Research and development expenses were ¥21,273,859.69, a decrease of 13.5% from ¥24,529,987.85 in the previous year, indicating a potential focus on cost management[19] Financing Activities - Short-term borrowings increased significantly to ¥396,088,866.20 from ¥108,969,003.11, reflecting a strategic shift in financing[16] - Cash inflow from financing activities amounted to CNY 389,224,243.67, significantly higher than CNY 142,168,245.63 in the previous period, marking an increase of 173.06%[23] - Net cash flow from financing activities was CNY 296,056,153.07, a turnaround from -CNY 90,620,870.21 in the previous period[23] Management Insights - The company reported a significant improvement in net profit due to optimized internal management and stable exchange rates[9] - The decline in operating cash flow was primarily due to an increase in the proportion of domestic sales revenue[9] - Accounts receivable decreased to ¥471,776,622.13 from ¥578,657,720.78, indicating improved cash flow management[16] - The company reported a significant increase in cash and cash equivalents, contributing to a stronger liquidity position[16]
东箭科技(300978) - 2024 Q1 - 季度财报