Financial Performance - Net profit attributable to shareholders for Q1 2024 was CNY 6,720,171.31, representing a 45.47% increase year-over-year[9] - Operating revenue for Q1 2024 was CNY 32,416,088.99, down 1.71% from the same period last year[9] - Total revenue for Q1 2024 was CNY 32,416,088.99, a decrease of 1.7% compared to CNY 32,981,459.74 in Q1 2023[31] - The company reported a decrease in operating costs to CNY 17,877,794.01 in Q1 2024 from CNY 20,826,769.17 in Q1 2023, a reduction of about 14.0%[33] - The operating profit for Q1 2024 was CNY 7,725,954.15, compared to CNY 5,049,762.62 in Q1 2023, reflecting an increase of approximately 53.4%[33] - The total profit for Q1 2024 was CNY 7,713,645.61, an increase from CNY 5,058,389.62 in Q1 2023, reflecting a growth of approximately 52.5%[33] - The company achieved a basic earnings per share of CNY 0.07 in Q1 2024, up from CNY 0.05 in Q1 2023, representing a growth of 40.0%[34] - Total comprehensive income for Q1 2024 was CNY 6,952,705.26, compared to CNY 4,862,782.12 in Q1 2023, marking an increase of approximately 43.1%[34] Assets and Liabilities - Total assets as of March 31, 2024, were CNY 549,260,881.37, a decrease of 1.33% compared to the end of 2023[9] - The company's asset-liability ratio decreased to 23.37% for the parent company and 23.45% for the consolidated entity, down from 25.63% and 25.67% respectively[9] - Total liabilities decreased to CNY 128,375,080.40 from CNY 142,714,424.08, reflecting a reduction of approximately 10.1%[30] - Shareholder equity increased to CNY 420,981,087.27 from CNY 414,028,382.01, showing a growth of about 1.4%[30] - Current liabilities decreased to ¥125,563,909.75 from ¥139,541,673.79, a decline of approximately 10%[25] - Non-current liabilities remained stable at ¥3,227,883.43 compared to ¥3,369,721.77, showing a slight decrease[25] Cash Flow - The net cash flow from operating activities increased significantly by 1,731.09% to CNY 5,018,528.50[9] - The cash flow from operating activities for Q1 2024 was CNY 5,018,528.50, significantly higher than CNY 274,073.54 in Q1 2023, indicating a substantial improvement[35] - Operating cash inflow totaled ¥61,958,814.10, down from ¥68,959,048.13 year-over-year, reflecting a decrease of approximately 10.5%[37] - The total cash outflow from operating activities was ¥56,562,655.66, down from ¥68,607,278.99, indicating a decrease of approximately 17.6%[37] - The cash and cash equivalents net increase for the period was ¥12,030,392.69, compared to ¥1,715,909.06 in the previous year, marking a significant improvement[36] Shareholder Information - Major shareholders include Li Yu with 51.76% and Chen Liang with 4.09% of shares[17] - Total shares held by the top ten shareholders increased to 68,073,555, representing 65.74% of total shares[17] Other Financial Metrics - Other income increased by 55.16% to CNY 1,285,607.33, attributed to government subsidies related to daily activities[11] - The weighted average return on net assets based on net profit attributable to shareholders was 1.61%, up from 1.14% in the previous year[9] - Non-recurring gains and losses for the period totaled CNY 1,007,216.07 after tax[13] - The company recorded a credit impairment loss of CNY -384,224.16 in Q1 2024, compared to a gain of CNY 237,311.54 in Q1 2023[33] Inventory and Receivables - Accounts receivable decreased to ¥113,745,812.56 from ¥142,925,231.94, a decline of about 20.5%[24] - Inventory increased to ¥146,312,580.67 from ¥126,752,510.23, reflecting a rise of approximately 15.4%[24] - The company reported a decrease in accounts receivable to CNY 113,705,087.86 from CNY 142,480,473.49, a decline of approximately 20.2%[28] - Inventory increased to CNY 143,551,236.21 from CNY 124,123,002.07, indicating a rise of about 15.7%[28] Legal and Compliance - The company reported no significant legal disputes or external guarantees during the reporting period[20] - There were no major related party transactions or asset transfers reported[20] Strategic Focus - The company is focusing on new product development and market expansion strategies, although specific details were not provided in the financial data[31]
中寰股份(836260) - 2024 Q1 - 季度财报