Financial Performance - The company's operating revenue for Q1 2024 was ¥111,499,399.27, representing a decrease of 53.41% compared to the same period last year[5] - The net profit attributable to shareholders was ¥17,546,549.49, down 67.43% year-over-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥15,247,070.02, a decline of 71.45% compared to the previous year[5] - The basic earnings per share were ¥0.08, down 66.67% from the same period last year[6] - Net profit for Q1 2024 was ¥17,588,997.57, a decline of 66.9% from ¥53,133,713.45 in Q1 2023[19] - Basic and diluted earnings per share for Q1 2024 were both ¥0.08, compared to ¥0.24 in Q1 2023[20] Cash Flow - The net cash flow from operating activities was ¥40,195,112.30, an increase of 3,178.60% year-over-year[5] - Cash inflow from operating activities in Q1 2024 was ¥140,608,375.81, down 25.3% from ¥188,099,387.01 in Q1 2023[20] - The net cash flow from operating activities for Q1 2024 was $40,195,112.30, a significant increase from $1,225,982.77 in Q1 2023, reflecting improved operational efficiency[22] - The net cash flow from financing activities showed a positive change of $812,835.28 in Q1 2024, contrasting with a negative cash flow of $24,810,141.74 in Q1 2023, suggesting better management of financing operations[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,480,102,567.68, reflecting a 1.87% increase from the end of the previous year[6] - The company's cash and cash equivalents decreased to RMB 446,378,558.49 from RMB 456,421,341.84, representing a decline of about 2.3%[13] - Accounts receivable increased to RMB 17,843,495.41 from RMB 14,875,737.77, marking an increase of approximately 19.8%[13] - Inventory rose to RMB 203,427,692.62 from RMB 197,954,335.45, indicating a growth of about 2.3%[13] - The total current liabilities increased to RMB 124,682,885.65 from RMB 113,100,000.00, reflecting an increase of approximately 10.3%[14] - The total liabilities as of Q1 2024 were ¥160,391,794.15, an increase of 6.9% from ¥151,177,079.69 in Q1 2023[18] Research and Development - Research and development expenses totaled ¥6,822,009.05, accounting for 6.12% of operating revenue, an increase of 3.15 percentage points[6] - Research and development expenses for Q1 2024 were ¥6,822,009.05, slightly down from ¥7,097,568.85 in Q1 2023[19] Non-Recurring Items - The company reported a non-recurring gain of ¥2,299,479.47 after accounting for various non-recurring items[8] Operational Challenges - The company experienced a significant decline in revenue primarily due to lower fiber prices and reduced composite material orders[8] Shareholder Information - The company has not reported any significant changes in shareholder relationships or actions among the top shareholders during the reporting period[12] Accounting Standards - The company did not adopt new accounting standards or interpretations for the year 2024, maintaining consistency in financial reporting[23]
同益中(688722) - 2024 Q1 - 季度财报