Financial Performance - The company's revenue for Q1 2024 was CNY 366,104,083.20, representing a 33.83% increase compared to CNY 273,567,360.97 in the same period last year[5] - Net profit attributable to shareholders decreased by 21.56% to CNY 26,129,920.14 from CNY 33,310,442.56 year-on-year[5] - The basic earnings per share fell by 41.16% to CNY 0.1960 from CNY 0.3331 in the previous year[5] - The total operating revenue for Q1 2024 was CNY 366,104,083.20, representing an increase of 33.9% compared to CNY 273,567,360.97 in the same period last year[15] - The net profit for Q1 2024 was CNY 26,129,920.14, a decrease of 21.5% from CNY 33,310,442.56 in Q1 2023[16] - Basic earnings per share for Q1 2024 were CNY 0.1960, down from CNY 0.3331 in the previous year, a decrease of 41.0%[17] Assets and Liabilities - The total assets at the end of the reporting period increased by 1.98% to CNY 2,518,106,995.05 from CNY 2,469,172,220.15 at the end of the previous year[5] - The total liabilities rose to CNY 608,174,222.88, up from CNY 585,360,931.25, marking an increase of 3.0% year-over-year[13] - The company's total assets increased to CNY 2,518,106,995.05 in Q1 2024, compared to CNY 2,469,172,220.15 in Q1 2023, reflecting a growth of 2.0%[13] - The total equity attributable to shareholders of the parent company increased to CNY 1,909,932,772.17 from CNY 1,883,811,288.90, reflecting a growth of 1.4%[13] Cash Flow - Cash flow from operating activities improved by 26.76%, with a net outflow of CNY 31,525,989.81 compared to CNY 43,042,783.63 in the previous year[5] - The net cash flow from operating activities for the first quarter was -31,525,989.81 RMB, an improvement from -43,042,783.63 RMB in the previous period, indicating a 26.4% reduction in cash outflow[19] - Total cash inflow from operating activities was 363,710,613.08 RMB, compared to 278,664,090.47 RMB in the previous period, representing a 30.5% increase[18] - Cash outflow from operating activities totaled 395,236,602.89 RMB, up from 321,706,874.10 RMB, reflecting a 23.0% increase[18] - The net cash flow from investing activities was -107,832,715.18 RMB, an improvement from -156,397,081.98 RMB in the previous period, showing a 30.9% reduction in cash outflow[19] - Cash inflow from financing activities was 62,654,356.09 RMB, down from 148,410,875.17 RMB, indicating a 57.8% decrease[19] - The net cash flow from financing activities was 50,786,784.51 RMB, compared to 105,616,384.89 RMB in the previous period, a decrease of 52.0%[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 21,839[9] - Guangdong Deguan Group holds 38.15% of the shares, amounting to 50,861,831 shares[9] - The top ten shareholders do not have any changes in their financing and securities lending activities[9] Operational Expenses - The company reported a significant increase in prepayments, rising by 169.25% to CNY 15,937,942.58 due to increased payments to suppliers[7] - The company's sales expenses increased by 32.89% to CNY 2,414,503.85, attributed to higher sales salaries and promotional costs[7] - The company experienced a 75.36% decrease in construction in progress, reflecting the transfer of projects to fixed assets[7] - The company reported a 661.43% increase in other operating expenses, amounting to CNY 219,305.69, due to increased product quality compensation[7] - The company achieved a 258.28% increase in cash received from other operating activities, totaling CNY 8,655,709.39, driven by higher interest income[7] Inventory and Receivables - Accounts receivable increased to CNY 53,329,441.80 from CNY 51,083,643.85[11] - Prepayments rose significantly to CNY 15,937,942.58 from CNY 5,919,358.34[11] - Inventory at the end of the reporting period is CNY 168,194,690.86, compared to CNY 154,193,353.87 at the beginning[11] Other Information - The company signed a land use rights transfer contract on January 2, 2024, with the local government[10] - The stock price has been below the IPO price of CNY 31.68 per share for twenty consecutive trading days, triggering a six-month extension of the lock-up period for certain shareholders[10] - The company has no preferred shareholders or related party transactions reported in this quarter[10] - The company reported a decrease in other comprehensive income, with a net amount of CNY -8,436.87 compared to CNY -134,254.10 in the same period last year[17]
德冠新材(001378) - 2024 Q1 - 季度财报