Financial Performance - The company's revenue for Q1 2024 reached ¥661,734,693.33, representing a 23.35% increase compared to ¥536,480,043.48 in the same period last year[5] - Net profit attributable to shareholders was ¥22,022,583.38, an increase of 11.16% from ¥19,812,100.86 year-on-year[5] - Basic and diluted earnings per share decreased by 15.79% to ¥0.16 from ¥0.19 in the same period last year[5] - Total operating revenue for Q1 2024 reached ¥661,734,693.33, an increase of 23.3% compared to ¥536,480,043.48 in Q1 2023[21] - Operating profit for Q1 2024 reached CNY 25,161,065.90, up from CNY 22,326,265.76 in the same period last year, reflecting a growth of 8.2%[22] - Total comprehensive income for Q1 2024 was CNY 22,036,852.40, compared to CNY 19,830,337.81 in Q1 2023, indicating an increase of 11.1%[23] - Sales revenue from goods and services received in Q1 2024 was CNY 608,423,412.97, compared to CNY 505,190,072.02 in Q1 2023, marking an increase of 20.4%[24] Cash Flow and Assets - The net cash flow from operating activities was -¥150,979,221.43, a significant decline of 1,276.19% compared to -¥10,970,791.73 in the previous year, primarily due to increased raw material inventory[9] - Cash and cash equivalents at the end of Q1 2024 amounted to ¥571,961,569.51, an increase from ¥370,615,012.45 at the beginning of the period[17] - Total assets at the end of the reporting period were ¥1,701,347,143.93, down 1.58% from ¥1,728,733,312.73 at the end of the previous year[5] - Total liabilities decreased to ¥233,110,586.04 from ¥282,705,726.48 at the beginning of the year[19] - The company's non-current assets totaled ¥521,381,173.12, up from ¥417,828,055.96 at the beginning of the year[18] - The company's retained earnings increased to ¥443,958,557.34 from ¥421,935,973.96 at the beginning of the year[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,059, with the largest shareholder holding 45.02% of the shares[10] - The total number of shares held by Jiangsu Changshun Group is 840,351 shares, accounting for 0.91% of the total shares[11] - The company reported a total of 62,266,851 restricted shares held by Jiangsu Changshun Group, with no shares released or added during the period[12] - The top ten unrestricted shareholders include Jiangsu Changshun Group, Chen Feng, and Luo Xiangchun, with holdings of 840,351, 428,000, and 164,860 shares respectively[11] - The total number of shares held by the top ten unrestricted shareholders is 1,282,051 shares, which are also subject to the same release date as mentioned above[12] - The company has not reported any changes in the participation of major shareholders in margin financing or securities lending activities[11] - The total number of shares held by the top ten shareholders remains stable, with no significant fluctuations noted in the current period[11] - The company’s strategic focus includes maintaining shareholder stability and managing restricted shares effectively[12] Expenses and Investments - Total operating costs for Q1 2024 were ¥637,945,315.32, up 24.6% from ¥512,247,153.64 in the same period last year[21] - Research and development expenses increased to CNY 2,349,885.71, a rise of 18.7% from CNY 1,978,545.60 in Q1 2023[22] - The company incurred financial expenses of CNY -952,680.50, a significant decrease from CNY 10,316.57 in the previous year[22] - The company achieved investment income of CNY 2,114,105.89 in Q1 2024, with no losses reported from joint ventures[22] Project Developments - The company has established a wholly-owned subsidiary in Lianyungang with a registered capital of ¥600 million to invest in a carbon dioxide polyether and high-performance polyol project[15] - The company has obtained the land use planning permit for the new project on February 23, 2024, with other project activities progressing as planned[15] - The company has 1,282,051 restricted shares held by Xiamen Chuangfeng Xinhui Investment Management Partnership, with a release date set for August 3, 2024[12] - The company’s restricted shares are primarily due to the initial public offering, with the earliest release date being February 3, 2027[12]
长华化学(301518) - 2024 Q1 - 季度财报