红棉股份(000523) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥538,465,316.08, a decrease of 21.31% compared to ¥684,308,678.11 in the same period last year[5] - Net profit attributable to shareholders increased by 126.36% to ¥21,731,571.68 from ¥9,600,565.07 year-on-year[5] - The net profit after deducting non-recurring gains and losses surged by 625.93% to ¥21,079,245.53 compared to ¥2,903,742.51 in the previous year[5] - Total operating revenue for the current period is ¥538,465,316.08, a decrease of 21.4% from ¥684,308,678.11 in the previous period[21] - Net profit for the current period is ¥29,600,310.40, an increase of 133.3% compared to ¥12,694,276.17 in the previous period[22] - The company reported a basic earnings per share of ¥0.0118, up from ¥0.0057 in the previous period[22] - The company’s total comprehensive income for the current period is ¥31,154,119.46, compared to ¥11,757,026.17 in the previous period[22] Cash Flow and Investments - Operating cash flow net amount decreased by 63.77% to ¥77,165,009.05 from ¥212,982,945.83 in the same period last year[5] - Cash received from other operating activities increased by 115.45% to ¥27,952,808.75, attributed to an increase in contract deposits received[10] - Cash paid for various taxes surged by 286.15% to ¥17,722,391.29, driven by increased value-added tax and surcharges[10] - Cash invested in fixed assets and other long-term assets decreased by 70.87% to ¥13,198,991.62, indicating reduced investment in fixed assets and equipment[10] - Investment activities generated a net cash flow of -¥21,035,803.60, an improvement from -¥47,851,382.98 in the previous period[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,405,064,124.95, reflecting a 5.89% increase from ¥3,215,801,173.84 at the end of the previous year[5] - The company's total liabilities reached CNY 1,814,422,611.17, up from CNY 1,656,866,260.18, indicating an increase of about 9.5%[19] - The company's short-term borrowings rose to CNY 68,115,600.00 from CNY 20,140,000.00, representing a substantial increase of approximately 237.5%[19] - The total non-current assets amounted to CNY 1,605,874,723.12, an increase from CNY 1,533,780,982.30, indicating a growth of about 4.7%[19] - The company's total liabilities to total assets ratio was approximately 53.3% as of March 31, 2024, compared to 51.5% at the beginning of the period[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,613[12] - The largest shareholder, Guangzhou Light Industry Trade Group Co., Ltd., holds 26.29% of the shares, totaling 482,586,897 shares[13] Government Subsidies and Expenses - The company received government subsidies amounting to ¥2,717,476.63, a 67.93% increase from ¥1,618,243.52 in the previous year, due to enhanced tax reduction policies[9] - Operating expenses increased significantly by 31,935.19% to ¥2,050,345.30 due to confirmed debt restructuring losses from shareholder lawsuits[10] - Income tax expenses rose by 50.95% to ¥8,013,951.68, reflecting an increase in profits during the reporting period[10] Accounting Standards and Reporting - The first quarter report has not been audited[25] - The new accounting standards will be implemented starting in 2024[25] - The financial statement items related to the first year of implementation are applicable[25] - The board of directors announced the report on April 25, 2024[25]