Financial Performance - The company's revenue for Q1 2024 was ¥158,097,044.97, representing a 20.22% increase compared to ¥131,506,239.04 in the same period last year[5] - Net profit attributable to shareholders was ¥35,483,275.67, a significant increase of 74.92% from ¥20,285,572.04 year-on-year[5] - Basic and diluted earnings per share increased by 75.00% to ¥0.21 from ¥0.12 in the same period last year[5] - The company reported a 66.62% increase in net profit after deducting non-recurring gains and losses, reaching ¥29,963,923.69 compared to ¥17,982,928.53 in the same period last year[5] - Total operating revenue for Q1 2024 reached ¥158,097,044.97, an increase of 20.2% compared to ¥131,506,239.04 in the same period last year[20] - Net profit for Q1 2024 was ¥35,483,275.67, representing a significant increase of 75.0% from ¥20,285,572.04 in Q1 2023[21] - The total comprehensive income for the first quarter of 2024 was CNY 35,483,275.67, compared to CNY 20,285,572.04 in the same period last year, representing an increase of approximately 74.8%[22] Cash Flow and Investments - The net cash flow from operating activities was -¥5,436,762.72, a decline of 237.96% compared to -¥1,608,723.66 in the previous year[9] - The company's cash flow from investment activities was ¥54,082,823.17, a 155.36% increase compared to the previous period[9] - Cash inflow from operating activities totaled CNY 175,575,413.33, up from CNY 164,861,071.18, indicating a growth of about 6.9%[25] - Cash outflow from operating activities increased to CNY 181,012,176.05 from CNY 166,469,794.84, marking an increase of approximately 8.7%[25] - Cash flow from investing activities generated a net inflow of CNY 54,082,823.17, a significant improvement from a net outflow of CNY 97,696,685.45 in the previous year[25] - The company recovered CNY 500,062,062.94 from investments, slightly up from CNY 496,000,000.00 year-over-year[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,357,675,245.94, a slight increase of 0.14% from ¥1,355,786,554.80 at the end of the previous year[5] - Current assets totaled ¥1,110,344,873.68, showing a marginal increase from ¥1,109,396,698.83 at the start of the quarter[17] - Current liabilities decreased to ¥163,880,640.19 from ¥197,403,678.94, a reduction of 17.0%[18] - The company's cash and cash equivalents rose to ¥122,501,824.44, up from ¥80,503,958.71, marking a growth of 52.2%[17] - The total equity attributable to shareholders increased to ¥1,182,092,395.24 from ¥1,146,035,750.89, reflecting a growth of 3.1%[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 9,890[11] - The largest shareholder, Shanghai Jizhao Industrial Development Co., Ltd., holds 37.50% of shares, totaling 64,800,000 shares, with 3,351,769 shares pledged[11] - The top ten shareholders include several investment funds, with the largest being Zhejiang North Building Group Co., Ltd. holding 7.50% of shares[12] - The company has 0.49% of shares held by China Bank's fund, totaling 838,372 shares[12] - The total number of preferred shareholders is not applicable for this reporting period[13] Project and Future Outlook - The company signed a production procurement contract with a well-known international automotive parts company, expecting sales revenue of 360 million RMB over the project's five-year lifecycle[13] - The anticipated impact on the company's 2024 revenue from this project is estimated at 70 million RMB[13] - The company has completed multiple rounds of technical exchanges and received a mass production notification from the client[13] - The project lifecycle and expected usage are based on forecasts and do not guarantee actual procurement amounts from the client[14] - The company emphasizes the uncertainty of project progress and its dependence on client sales orders[14] Other Financial Metrics - The weighted average return on equity was 3.05%, up from 1.80% in the previous year[5] - Research and development expenses increased to ¥6,763,614.74, compared to ¥6,267,398.39 in the previous year, indicating a growth of 7.9%[21] - The company reported a gross profit margin improvement, with gross profit for the period at ¥35,513,541.43, compared to ¥18,747,778.11 in the previous year[21] Reporting and Audit - The company has not undergone an audit for the first quarter report[26] - The report was released on April 23, 2024, by the board of directors of the company[27]
肇民科技(301000) - 2024 Q1 - 季度财报