Financial Performance - Net profit attributable to shareholders for Q1 2024 was CNY 30,071,979.31, representing a 6.69% increase year-over-year[12] - Operating revenue for Q1 2024 reached CNY 328,684,676.71, marking a 14.12% growth compared to the same period last year[12] - Total operating revenue for Q1 2024 reached ¥328,684,676.71, an increase of 14.1% compared to ¥288,025,184.82 in Q1 2023[37] - Net profit for Q1 2024 was ¥30,071,979.31, representing a growth of 6.7% from ¥28,186,304.34 in Q1 2023[38] - Total profit for Q1 2024 was ¥35,341,321.41, compared to ¥32,982,158.82 in Q1 2023, marking an increase of 7.8%[38] - Comprehensive income for Q1 2024 totaled ¥30,071,979.31, up from ¥28,186,304.34 in Q1 2023, reflecting a growth of 6.7%[38] Cash Flow - The company's cash flow from operating activities showed a net outflow of CNY 47,090,589.40, an improvement of 30.52% from the previous year[14] - Cash flow from financing activities surged by 4,009.47% to CNY 20,241,245.33, primarily due to increased bank loans and discounts[14] - Operating cash inflow for Q1 2024 was CNY 328,242,194.43, an increase from CNY 212,822,609.63 in Q1 2023, representing a growth of approximately 54.2%[42] - Net cash outflow from operating activities for Q1 2024 was CNY -47,090,589.40, an improvement compared to CNY -67,775,646.29 in Q1 2023, indicating a reduction in losses by about 30.5%[42] - Cash inflow from financing activities in Q1 2024 was CNY 62,287,534.07, significantly higher than CNY 3,000,000.00 in Q1 2023, marking an increase of over 1962.9%[43] - Net cash flow from financing activities for Q1 2024 was CNY 20,241,245.33, compared to CNY -517,749.18 in Q1 2023, indicating a turnaround in financing cash flow[43] Assets and Liabilities - Total assets as of March 31, 2024, were CNY 1,626,239,468.36, a decrease of 0.65% compared to the end of 2023[12] - Total assets decreased from ¥1,636,900,918.06 to ¥1,626,239,468.36, a decline of approximately 1.02%[32] - Total liabilities decreased from ¥624,405,084.89 to ¥583,671,655.88, a reduction of about 6.52%[33] - Current liabilities decreased from ¥615,348,247.18 to ¥574,367,126.69, a decrease of approximately 6.67%[32] - Non-current liabilities increased slightly from ¥9,056,837.71 to ¥9,304,529.19, an increase of about 2.74%[32] - Total equity increased from ¥1,012,495,833.17 to ¥1,042,567,812.48, reflecting a growth of approximately 2.97%[33] Shareholder Information - The number of ordinary shareholders as of the report date was 6,456, with total shares outstanding at 107,620,000[19] - The largest shareholder, Zhao Dongming, holds 39.16% of the shares, totaling 42,143,334 shares[20] - The total number of shares held by the top ten shareholders is 67,991,972, representing 63.18% of the total shares[20] - The company has no pledged or judicially frozen shares among its top shareholders[21] Research and Development - Research and development expenses increased by 85.38% to CNY 8,923,500.79, reflecting the company's commitment to innovation[14] - Research and development expenses rose to ¥8,923,500.79 in Q1 2024, a significant increase of 85.5% from ¥4,813,563.80 in Q1 2023[37] Inventory and Receivables - Accounts receivable decreased from 278,154,551.68 yuan to 210,541,159.20 yuan, a decline of about 24%[31] - Inventory increased from 185,561,615.34 yuan to 206,408,711.13 yuan, an increase of approximately 11%[31] - Accounts receivable increased from ¥564,756,629.02 to ¥586,182,858.67, an increase of approximately 3.5%[34] - Inventory increased from ¥87,479,435.07 to ¥89,287,291.58, reflecting a growth of about 2.06%[34] Other Financial Metrics - The weighted average return on equity based on net profit attributable to shareholders was 2.93%[12] - Basic and diluted earnings per share for Q1 2024 were both ¥0.28, compared to ¥0.26 in Q1 2023[38] - The company reported an investment loss of ¥1,724,033.31 in Q1 2024, worsening from a loss of ¥721,870.08 in Q1 2023[38] - Operating profit for Q1 2024 was ¥35,312,119.65, slightly up from ¥33,025,847.80 in Q1 2023, indicating a growth of 6.9%[38] - The company experienced a credit impairment loss of ¥644,668.14 in Q1 2024, an improvement from a loss of ¥1,554,550.23 in Q1 2023[39]
禾昌聚合(832089) - 2024 Q1 - 季度财报