Financial Performance - The company's revenue for Q1 2024 reached ¥282,431,828.56, representing a 24.26% increase compared to ¥227,299,226.70 in the same period last year[5] - Net profit attributable to shareholders was ¥51,134,402.76, up 32.93% from ¥38,466,064.68 year-on-year[5] - Basic and diluted earnings per share increased by 30.00% to ¥0.13, compared to ¥0.10 in the previous year[5] - Total operating revenue for Q1 2024 reached ¥282,431,828.56, an increase of 24.3% compared to ¥227,299,226.70 in Q1 2023[17] - Net profit for Q1 2024 was ¥51,134,402.76, representing a 33.0% increase from ¥38,466,064.68 in Q1 2023[19] - Earnings per share for Q1 2024 were ¥0.13, compared to ¥0.10 in Q1 2023, reflecting a 30.0% increase[19] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 63.82% to ¥13,693,994.56, down from ¥37,849,462.73 in Q1 2023[5] - Cash inflow from operating activities was ¥200,443,603.33, an increase of 17.9% compared to ¥169,918,387.00 in Q1 2023[20] - The net cash flow from operating activities for Q1 2024 was ¥13,693,994.56, a decrease of 63.8% compared to ¥37,849,462.73 in Q1 2023[22] - The total cash and cash equivalents at the end of Q1 2024 were ¥150,627,339.81, down from ¥396,871,234.66 at the end of Q1 2023[22] - The company reported a total cash outflow of ¥370,769,996.32 for the quarter, compared to ¥391,437,987.24 in the same period last year[22] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥1,973,114,043.92, a 4.42% increase from ¥1,889,580,884.81 at the end of the previous year[5] - Total liabilities as of Q1 2024 were ¥611,598,383.71, up from ¥585,938,157.86 in the previous year[18] - Cash and cash equivalents decreased to CNY 157,981,469.73 from CNY 525,927,060.22, reflecting a significant reduction in liquidity[13] - Accounts receivable increased by 69.78% to ¥180,526,000.18, driven by higher sales revenue[8] - Inventory decreased to CNY 169,981,565.02 from CNY 185,391,039.28, suggesting better inventory management or reduced production[14] Shareholder Information - The company reported a total of 17,816 common shareholders at the end of the reporting period[10] - The largest shareholder, Han Yinghuan, holds 47.65% of the shares, totaling 180,546,800 shares[10] Government Subsidies and Expenses - The company reported a significant increase in government subsidies, with other income rising by 89.58% to ¥5,784,607.87[8] - The company experienced a 62.03% increase in income tax expenses, amounting to ¥8,119,635.57, due to improved performance[8] - Research and development expenses for Q1 2024 amounted to ¥14,965,822.85, a rise of 26.0% from ¥11,829,330.23 in Q1 2023[18] Financing Activities - Long-term borrowings increased by 344.83% to ¥38,700,000.00, reflecting the company's strategy to enhance financing[8] - Cash inflow from financing activities amounted to ¥30,000,000.00, while cash outflow was ¥126,761.36, leading to a net cash flow from financing activities of ¥29,873,238.64[22] Accounting and Audit - The company has not undergone an audit for the Q1 2024 report[24] - The company has implemented new accounting standards starting from 2024, affecting the financial statements[23]
东亚机械(301028) - 2024 Q1 - 季度财报