青龙管业(002457) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥359,388,952.68, representing a 78.79% increase compared to ¥201,011,637.25 in the same period last year[5] - The net loss attributable to shareholders was ¥1,129,688.69, an improvement of 36.94% from a loss of ¥1,791,523.87 in the previous year[5] - The net profit for Q1 2024 was CNY 1,301,400.95, a recovery from a net loss of CNY 2,225,465.32 in the same period last year[21] - The total comprehensive income for Q1 2024 was CNY 1,169,395.12, compared to a total comprehensive loss of CNY 2,225,465.32 in Q1 2023[21] - Basic and diluted earnings per share for Q1 2024 were both CNY -0.0034, an improvement from CNY -0.0053 in the previous year[21] Cash Flow and Financing - The net cash flow from operating activities decreased by 10.88%, amounting to -¥175,455,723.58 compared to -¥158,240,139.37 in the previous year[5] - The company reported a cash flow from operating activities of CNY -175,455,723.58, compared to CNY -158,240,139.37 in Q1 2023, indicating a worsening cash flow situation[23] - The company’s cash flow from financing activities showed a net increase of CNY 113,978,526.58, compared to CNY 85,774,090.39 in Q1 2023, indicating improved financing activities[23] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥4,265,145,853.96, a decrease of 0.93% from ¥4,304,983,648.92 at the end of the previous year[5] - Current assets totaled CNY 3,015,043,787.25, slightly down from CNY 3,051,259,969.35 at the start of the quarter[16] - Total liabilities decreased to CNY 1,806,889,842.73 from CNY 1,827,843,826.93, a decline of about 1%[17] - The company's equity totaled CNY 2,458,256,011.23, down from CNY 2,477,139,821.99[17] Inventory and Borrowings - The company's inventory increased by 26.39%, primarily due to unbilled goods and increased product reserves[9] - Short-term borrowings increased by 36.63%, reflecting the need for additional financing for operations[9] - Short-term borrowings increased to CNY 578,881,081.11 from CNY 423,700,688.89, an increase of approximately 37%[17] Investment and Subsidies - The company's investment income increased by 200.02%, attributed to gains from fund investments[10] - The company recorded investment income of CNY 4,704,190.34, up from CNY 1,567,954.60, marking an increase of about 200%[20] - The company received government subsidies amounting to ¥2,682,310.83 during the reporting period, which is closely related to its normal business operations[6] Research and Development - Research and development expenses increased to CNY 8,140,491.92 from CNY 6,429,139.66, reflecting a growth of approximately 27%[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 51,958[13] Accounting and Reporting - The first quarter report has not been audited[25] - The new accounting standards will be implemented starting in 2024[25] - Financial statement adjustments related to the new accounting standards will be applicable from the beginning of the year[25] - The board of directors of Ningxia Qinglong Pipe Industry Group Co., Ltd. issued the report on April 23, 2024[25]