Financial Performance - The company's revenue for Q1 2024 was CNY 437,161,393.08, representing a 1.04% increase compared to CNY 432,674,121.54 in the same period last year[4] - Net profit attributable to shareholders increased by 25.60% to CNY 52,526,403.16 from CNY 41,820,855.45 year-on-year[4] - Basic earnings per share rose by 30.00% to CNY 0.13, up from CNY 0.10 in the same quarter last year[4] - Operating profit for Q1 2024 reached CNY 58,658,563.36, up from CNY 54,201,823.35 in the same period last year, reflecting a growth of 8.5%[24] - Net profit attributable to the parent company was CNY 52,526,403.16, an increase of 25.7% from CNY 41,820,855.45 in Q1 2023[24] - Other comprehensive income after tax for Q1 2024 was CNY 104,244,754.77, a significant improvement from a loss of CNY 50,525.43 in Q1 2023[24] - The company reported a total comprehensive income of CNY 156,771,157.93 for Q1 2024, compared to CNY 41,770,330.02 in Q1 2023, indicating strong overall performance[24] Cash Flow - The net cash flow from operating activities improved significantly to CNY 218,379,272.60, a 216.68% increase from a negative cash flow of CNY -187,161,405.39 in the previous year[11] - Total cash inflow from operating activities reached CNY 546,606,403.19, up from CNY 252,789,767.44 in the same period last year[27] - Cash outflow from operating activities decreased to CNY 328,227,130.59 from CNY 439,951,172.83 year-over-year[27] - The net cash flow from investing activities was CNY -194,744,416.22, compared to a positive inflow of CNY 26,568,799.92 in Q1 2023[27] - Cash inflow from investing activities totaled CNY 263,065,084.49, a substantial increase from CNY 33,914,501.73 in the previous year[27] - Cash outflow from investing activities surged to CNY 457,809,500.71 from CNY 7,345,701.81 year-over-year[27] - The net cash flow from financing activities was CNY 2,352,172.88, down from CNY 15,882,131.65 in Q1 2023[28] - The company reported a cash inflow from financing activities of CNY 5,691,841.21, a decrease from CNY 18,186,069.15 in the previous year[28] - The company experienced a net increase in cash and cash equivalents of CNY 25,879,001.88, contrasting with a significant decrease of CNY 144,807,482.25 in Q1 2023[28] Assets and Liabilities - Total assets increased by 4.41% to CNY 3,271,155,127.90 compared to CNY 3,132,845,672.74 at the end of the previous year[4] - Total liabilities decreased to CNY 879,446,748.36 from CNY 906,553,146.46, a reduction of 3.0% year-over-year[22] - The total equity attributable to shareholders increased to CNY 2,391,708,379.54, up from CNY 2,226,292,526.28, marking a growth of 7.4%[22] - The company's total liabilities and equity structure remains stable, with no significant changes reported in the first quarter of 2024[19] Investments and Financial Assets - The company reported a significant increase in trading financial assets, which rose by 267.86% to CNY 110,356,819.29 from CNY 30,000,000.00 at the beginning of the year[8] - The company reported a significant increase in financial assets, with other equity instrument investments rising to CNY 742,186,742.73 from CNY 637,354,066.96, a growth of about 16.4%[19] - The company’s long-term intangible assets increased to CNY 87,995,222.06 from CNY 35,701,346.95, a substantial increase of approximately 146.7%[19] Shareholder Actions - The company plans to repurchase shares as approved in the board meeting on April 1, 2024[17] - The company has a total of 148,320,547 shares under lock-up agreements, with the earliest release date set for March 2, 2026[16] Research and Development - Research and development expenses for Q1 2024 were CNY 2,835,242.45, slightly higher than CNY 2,787,700.24 in Q1 2023, indicating a focus on innovation[23] Inventory and Receivables - Trade receivables decreased to CNY 331,191,196.75 from CNY 407,399,232.83, a decline of about 18.7%[19] - Inventory decreased to CNY 256,580,176.87 from CNY 304,435,672.54, reflecting a reduction of approximately 15.7%[19] - The total current assets decreased to CNY 1,763,075,138.65 from CNY 1,805,265,792.26, a decrease of about 2.3%[19] - Non-current assets increased to CNY 1,370,000,000.00 from CNY 1,200,000,000.00, indicating a growth of approximately 14.2%[19]
新巨丰(301296) - 2024 Q1 - 季度财报