Financial Performance - The company's revenue for Q1 2024 was CNY 169,847,601.62, representing a 4.05% increase compared to CNY 163,237,757.17 in the same period last year[5] - Net profit attributable to shareholders decreased by 70.23% to CNY 2,159,344.56 from CNY 7,252,694.97 year-on-year[5] - The net profit after deducting non-recurring gains and losses fell by 73.07% to CNY 1,736,836.64 compared to CNY 6,448,389.37 in the previous year[5] - Basic and diluted earnings per share dropped by 71.43% to CNY 0.02 from CNY 0.07 in the same period last year[5] - The weighted average return on equity decreased to 0.27% from 0.90% year-on-year[5] - Net profit for Q1 2024 was CNY 782,641.44, a decrease of 88.6% compared to CNY 6,854,507.22 in Q1 2023[20] - Earnings per share for Q1 2024 were CNY 0.02, down from CNY 0.07 in Q1 2023[22] - The company reported a total comprehensive income of CNY 782,641.44 for Q1 2024, significantly lower than CNY 6,854,507.22 in Q1 2023[22] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 50.47% to CNY 12,164,478.36 from CNY 24,559,131.06 year-on-year[5] - Cash flow from operating activities for Q1 2024 was CNY 12,164,478.36, a decline of 50.5% from CNY 24,559,131.06 in Q1 2023[23] - The net cash flow from investment activities was -35,685,087.13 CNY, compared to -22,952,392.29 CNY in Q1 2023, indicating a significant increase in cash outflow for investments[24] - The net cash flow from financing activities was 7,773,225.42 CNY in Q1 2024, a recovery from -30,584,916.29 CNY in Q1 2023, showing improved financing conditions[24] - The total cash and cash equivalents at the end of Q1 2024 were 103,924,511.23 CNY, down from 125,063,842.37 CNY at the end of Q1 2023, reflecting a decrease of approximately 17% year-over-year[24] - The company reported a cash outflow of 8,883,214.42 CNY from financing activities in Q1 2024, significantly lower than 30,584,916.29 CNY in Q1 2023, indicating better cash management[24] - The cash flow from operating activities was not detailed in the provided data, but the overall cash position indicates challenges in maintaining liquidity[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,184,922,006.68, a decrease of 0.80% from CNY 1,194,537,213.79 at the end of the previous year[5] - Current assets decreased from RMB 553,009,148.98 to RMB 519,621,590.67, primarily due to a reduction in cash and accounts receivable[16] - The company's cash and cash equivalents were RMB 114,918,464.20, down from RMB 126,374,527.35[16] - Accounts receivable decreased from RMB 216,946,561.95 to RMB 182,351,328.82, indicating a reduction of approximately 15.9%[16] - Inventory increased from RMB 147,546,146.81 to RMB 158,708,643.05, reflecting an increase of about 7.8%[16] - Short-term borrowings rose from RMB 17,643,276.53 to RMB 25,517,333.65, an increase of approximately 44.5%[17] - Total current liabilities decreased slightly from RMB 352,383,406.09 to RMB 341,993,111.60[17] - Non-current assets increased from RMB 641,528,064.81 to RMB 665,300,416.01, showing a growth of about 3.7%[17] - The total liabilities decreased to CNY 342,027,746.42 from CNY 352,418,040.91 year-over-year[21] - Total equity attributable to shareholders increased to CNY 827,622,135.69 from CNY 825,462,791.14[21] Government Support and Expenses - The company received government subsidies amounting to CNY 711,489.57 during the reporting period, which are closely related to its normal business operations[6] - The net profit decline was primarily due to increased period expenses and a 204.33% increase in losses from the subsidiary, Jiechengtong New Energy Technology (Wuxi) Co., Ltd.[9] - Total operating costs for Q1 2024 were CNY 167,186,162.91, up 7.9% from CNY 154,910,850.06 in the same period last year[19] - Research and development expenses increased to CNY 9,736,347.61 in Q1 2024, compared to CNY 7,550,214.39 in Q1 2023, reflecting a growth of 29%[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,200[11] - The company reported a total of 71,700,000 shares under lock-up restrictions, set to be released in September 2024[13] Reporting and Compliance - The company has not disclosed any new product developments or market expansion strategies in this report[15] - The company has not yet adopted the new accounting standards as of Q1 2024, which may impact future financial reporting[25] - The first quarter report for 2024 was not audited, which may affect the reliability of the financial data presented[25]
中捷精工(301072) - 2024 Q1 - 季度财报