Feilu(SZ:300665)2024-04-24 10:38Financial Performance - The company's revenue for Q1 2024 was ¥68,255,011.66, a decrease of 35.68% compared to ¥106,123,018.10 in the same period last year[6] - The net profit attributable to shareholders was a loss of ¥13,556,949.87, representing a decline of 471.27% from a profit of ¥3,651,541.08 in the previous year[6] - The net cash flow from operating activities was negative at ¥43,834,784.68, a decrease of 68.70% compared to the previous year's negative cash flow of ¥25,983,696.50[6] - The operating profit (loss) for the period was -¥14,076,126.86, a decline of 539.77% from a profit of ¥3,200,775.06 in the previous year[12] - Total operating revenue for Q1 2024 was CNY 68,255,011.66, a decrease of 35.7% compared to CNY 106,123,018.10 in the same period last year[26] - Net profit for Q1 2024 was a loss of CNY 13,952,339.50, compared to a profit of CNY 3,269,795.70 in Q1 2023[26] - The total comprehensive income attributable to the parent company was -13,556,949.87 CNY, compared to 3,651,541.08 CNY in the previous period[27] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥1,781,504,679.07, down 2.37% from ¥1,824,756,168.65 at the end of the previous year[6] - Total liabilities decreased to CNY 1,230,576,723.29 from CNY 1,261,175,528.20, a decline of 2.4%[24] - The company's cash and cash equivalents decreased to CNY 67,319,476.97 from CNY 128,556,546.30 at the beginning of the period, a decline of 47.7%[23] - Accounts receivable decreased to CNY 467,447,578.87 from CNY 547,736,332.48, a reduction of 14.7%[23] - The total assets of the company decreased to CNY 1,781,504,679.07 from CNY 1,824,756,168.65, a decline of 2.4%[23] Cash Flow - Cash inflow from operating activities totaled 95,669,983.69 CNY, down 49.6% from 189,918,709.03 CNY in the previous period[29] - Cash outflow from operating activities was 139,504,768.37 CNY, a decrease of 35.4% from 215,902,405.53 CNY in the previous period[29] - Net cash flow from investing activities was -24,981,387.03 CNY, an improvement from -33,027,984.65 CNY in the previous period[30] - Cash inflow from financing activities was 29,933,204.46 CNY, down 69.5% from 97,965,711.00 CNY in the previous period[30] - The net cash flow from financing activities increased to 17,393,600.40 CNY, compared to 9,495,916.04 CNY in the previous period[30] - The ending cash and cash equivalents balance was 44,860,715.70 CNY, up from 34,840,298.71 CNY in the previous period[30] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,960[13] - The 2024 employee stock ownership plan involved 14 participants, with a total subscription amount of RMB 4.9662 million for 890,000 shares at a price of RMB 5.58 per share[20] - Several directors and senior executives, including the Vice President and Secretary of the Board, announced plans to increase their shareholdings, reflecting confidence in the company's future[21] - The company completed the issuance of 318,450 restricted shares during the reporting period, reducing the total number of restricted shares to 38,844,618[18] - The company reported a total of 40,221,862 restricted shares at the beginning of the period, with 1,695,694 shares released during the reporting period[18] Operational Developments - Inventory increased by 45.80% to ¥219,931,603.38, primarily due to slower customer settlement progress and an increase in dispatched goods[10] - The company reported a significant increase in other income, which rose by 377.05% to ¥2,187,548.00, attributed to increased VAT policy subsidies[12] - The company experienced a 58.95% increase in selling expenses, totaling ¥8,181,119.95, mainly due to higher service fees[12] - The company signed annual contracts with clients in the rail transit equipment sector, including major firms like CRRC and Jin Ying Heavy Industry, indicating strong market engagement[19] - The company has achieved batch production capability for water-based paint used in CRH3C trains, marking a significant operational milestone[19] - In the construction waterproofing sector, the company adopted a more cautious approach, successfully winning bids for projects with major state-owned enterprises[19] - The company upgraded its construction electrical contracting qualification from Level 3 to Level 2, enhancing its project management capabilities and market competitiveness[20] - The company is actively pursuing new projects in the Xiong'an New Area related to high-speed rail construction, indicating ongoing market expansion efforts[19] - The company has obtained a membership certificate from the China Petroleum Engineering Construction Association, facilitating its entry into the petrochemical sector[19] Research and Development - The company reported a significant increase in research and development expenses to CNY 5,131,717.34, up from CNY 4,480,662.39, an increase of 14.5%[26]