迎丰股份(605055) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 318,675,386.60, representing a year-on-year increase of 6.98%[2] - The net profit attributable to shareholders was CNY -4,624,717.29, with a significant decrease compared to the previous year[2] - The company reported a decrease in net profit attributable to shareholders by 52.73% due to increased sales and reduced energy costs[5] - The basic and diluted earnings per share were both CNY -0.01, indicating a loss per share[2] - In Q1 2024, the company reported a net loss of CNY 5,564,813.89, an improvement from a net loss of CNY 10,096,340.64 in Q1 2023, representing a 44.9% reduction in losses[17] - Operating profit for Q1 2024 was CNY -8,467,332.95, compared to CNY -11,615,279.77 in Q1 2023, indicating a 27.5% improvement[17] - The total comprehensive loss for Q1 2024 was CNY -5,564,813.89, compared to CNY -10,096,340.64 in Q1 2023, indicating a 44.9% reduction in comprehensive losses[18] - The net loss for Q1 2024 was CNY 2,991,489.76, compared to a net loss of CNY 1,471,449.00 in Q1 2023, reflecting a deterioration in profitability[30] Cash Flow and Liquidity - The net cash flow from operating activities was CNY -40,855,279.15, indicating a negative cash flow situation[2] - Cash flow from operating activities showed a net outflow of CNY -40,855,279.15, an improvement from CNY -93,245,849.12 in Q1 2023[22] - The company's cash and cash equivalents as of March 31, 2024, amounted to RMB 245,516,046.95, compared to RMB 170,137,170.84 at the end of 2023, indicating a significant increase of 44.1%[10] - The ending cash and cash equivalents balance was CNY 173,690,521.95, slightly down from CNY 179,402,136.60 at the end of Q1 2023[23] - The company's cash and cash equivalents rose to CNY 177,718,341.76 from CNY 154,927,547.09, an increase of about 14.7%[25] - The company reported a cash increase of CNY 8.47 million in Q1 2024, contrasting with a decrease of CNY 149.03 million in Q1 2023[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,320,879,072.21, up 6.07% from the end of the previous year[3] - Total assets as of March 31, 2024, were RMB 2,320,879,072.21, up from RMB 2,188,155,485.85 at the end of 2023, reflecting a growth of 6.0%[12] - Total liabilities increased to RMB 1,174,418,172.66 in Q1 2024 from RMB 1,036,129,772.41 in Q4 2023, indicating a rise of 13.3%[12] - The company's equity attributable to shareholders decreased slightly to RMB 1,141,251,770.04 in Q1 2024 from RMB 1,145,876,487.33 in Q4 2023, a decline of 0.4%[13] - The company's total equity decreased slightly to CNY 1,142,268,184.52 from CNY 1,145,259,674.28, reflecting a decrease of approximately 0.3%[27] Research and Development - The company incurred R&D expenses of CNY 13,900,093.82 in Q1 2024, an increase of 15.1% from CNY 12,081,736.05 in Q1 2023[17] - Research and development expenses rose to CNY 13,247,971.62 in Q1 2024, up from CNY 10,641,045.62 in Q1 2023, marking an increase of approximately 24%[30] Shareholder Information - The top shareholder, Zhejiang Zheyu Holdings Group, holds 49.61% of the shares, totaling 218,273,684 shares[8] Market and Product Development - The company has not disclosed any new product developments or market expansion strategies in this report[2] - The company is focusing on expanding its market presence and developing new technologies, although specific figures and timelines were not disclosed in the report[10] - The company did not report any new product launches or significant market expansion strategies during the quarter[32]