Financial Performance - The company's operating revenue for Q1 2024 was ¥90,518,896.23, representing a 3.82% increase compared to ¥87,189,398.88 in the same period last year[5] - Net profit attributable to shareholders decreased by 80.06% to ¥3,921,207.28 from ¥19,660,758.68 year-on-year[5] - Basic and diluted earnings per share fell by 78.95% to ¥0.04 from ¥0.19 in the same period last year[5] - Net profit for Q1 2024 was CNY 4,262,462.91, a decrease of 79.1% compared to CNY 20,397,952.14 in Q1 2023[21] - Total operating revenue for Q1 2024 was CNY 90,518,896.23, an increase of 3.8% compared to CNY 87,189,398.88 in Q1 2023[20] - Total operating costs for Q1 2024 were CNY 88,403,848.17, up 9.1% from CNY 80,964,516.72 in the same period last year[20] - Earnings per share for Q1 2024 was CNY 0.04, down from CNY 0.19 in Q1 2023[22] Cash Flow and Liquidity - The net cash flow from operating activities improved by 81.31%, reaching -¥1,325,632.07 compared to -¥7,091,746.02 in the previous year[5] - The net cash flow from operating activities for Q1 2024 was -CNY 1,325,632.07, an improvement from -CNY 7,091,746.02 in Q1 2023[24] - Cash received from sales of goods and services was CNY 81,629,111.37, slightly down from CNY 82,217,279.90 in the previous year[23] - Total cash inflow from financing activities for Q1 2024 was $36,305,000, compared to $5,112,500 in Q1 2023, representing a significant increase of 608.5%[25] - Net cash flow from financing activities was $23,262,397.24, a turnaround from a negative cash flow of -$10,870,631.68 in the same period last year[25] - Cash and cash equivalents at the end of Q1 2024 decreased to $554,629,750.51 from $595,476,269.32 in Q1 2023, reflecting a decline of 6.5%[25] - The company paid $4,542,602.76 in dividends and interest, up from $783,131.68 in the previous year, marking an increase of 480.1%[25] - Cash outflow from financing activities totaled $13,042,602.76, down from $15,983,131.68 in Q1 2023, indicating a decrease of 18.3%[25] - The impact of exchange rate changes on cash and cash equivalents was a positive $206,416.59, compared to a negative impact of -$99,203.66 in the previous year[25] Assets and Liabilities - Total assets at the end of the reporting period increased by 0.68% to ¥1,280,070,328.77 from ¥1,271,402,099.07 at the end of the previous year[5] - The total assets of Xining Electric Co., Ltd. as of March 31, 2024, amounted to CNY 1,280,070,328.77, an increase from CNY 1,271,402,099.07 at the beginning of the period[17] - The company's total liabilities amounted to CNY 265,823,871.95, with current liabilities making up a significant portion[18] - Total liabilities increased to CNY 265,823,871.95 from CNY 259,078,105.16 at the beginning of the period[19] - Total current liabilities rose to CNY 244,050,570.21 from CNY 237,173,703.79, indicating an increase of about 2.7%[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,062[12] - The top ten shareholders held a combined 66.86% of the company's shares, with the largest shareholder holding 16.81%[12] Government Support and Expenses - The company received government subsidies amounting to ¥1,710,841.90, an increase of 83.26% compared to ¥933,554.19 in the previous year[9] - R&D expenses increased to CNY 7,738,558.29 in Q1 2024, up 27.3% from CNY 6,077,074.22 in Q1 2023[21] - The company reported a decrease in financial expenses, with interest expenses at CNY 718,174.89 compared to CNY 742,268.63 in the previous year[21] Other Financial Metrics - The company's weighted average return on equity decreased to 0.40% from 1.93% year-on-year[5] - The company's cash and cash equivalents decreased to CNY 554,839,050.51 from CNY 558,252,665.52, reflecting a decline of approximately 0.74%[16] - Accounts receivable decreased to CNY 143,242,074.65 from CNY 146,091,803.17, a reduction of about 1.93%[16] - Inventory remained relatively stable, with a slight increase to CNY 133,795,797.88 from CNY 133,732,709.57[17] - The company's long-term investments increased to CNY 1,891,331.39 from CNY 644,375.60, marking a substantial rise of approximately 194.4%[17] - The total non-current assets reached CNY 399,265,585.98, up from CNY 381,177,058.81, reflecting an increase of about 4.75%[17] - The company reported a decrease in employee compensation payable to CNY 11,239,506.02 from CNY 17,805,558.75, a decline of approximately 37.2%[18] Audit Information - The company did not undergo an audit for the Q1 2024 report, as indicated in the financial statements[26]
欣灵电气(301388) - 2024 Q1 - 季度财报