Financial Performance - The company's revenue for Q1 2024 was ¥446,687,614.94, a decrease of 5.35% compared to ¥471,911,479.62 in the same period last year[5] - Net profit attributable to shareholders was ¥7,543,826.87, down 51.13% from ¥15,435,888.62 year-on-year[5] - Basic and diluted earnings per share decreased by 63.38% to ¥0.052 from ¥0.142 in the same period last year[5] - Total operating revenue for Q1 2024 was CNY 446,687,614.94, a decrease of 5.3% compared to CNY 471,911,479.62 in Q1 2023[20] - Net profit for Q1 2024 was CNY 7,543,826.87, a decline of 51.0% from CNY 15,435,888.62 in Q1 2023[20] Cash Flow - The net cash flow from operating activities was -¥20,025,277.42, showing a slight improvement of 4.45% compared to -¥20,957,915.92 in the previous year[5] - Cash inflow from operating activities totaled CNY 504,010,705.07, compared to CNY 520,998,804.49 in the previous year, indicating a decrease of 3.8%[24] - Cash outflow from operating activities was CNY 524,035,982.49, down from CNY 541,956,720.41 in Q1 2023, a reduction of 3.3%[24] - The net cash flow from investing activities was ¥415,522,048.23, a substantial increase of 864.84% compared to -¥54,327,618.81 in the previous year[11] - The net cash flow from investing activities for Q1 2024 is CNY 415,522,048.23, a significant improvement from -CNY 54,327,618.81 in the same period last year[24] - The company reported a net cash flow from financing activities of -CNY 805,304.36, compared to -CNY 681,594.42 in the same period last year, indicating a decline of 18.2%[25] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥1,971,963,658.05, an increase of 0.72% from ¥1,957,787,060.24 at the end of the previous year[5] - Total liabilities rose to CNY 305,979,986.98, compared to CNY 300,123,636.30, an increase of 2.9%[18] - The company’s total equity increased to CNY 1,665,983,671.07 from CNY 1,657,663,423.94, a growth of 0.5%[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 18,082[12] - The top three shareholders hold significant stakes: Qiu Hanzhou at 19.18% (27,800,000 shares), Qiu Hanyi at 14.08% (20,400,000 shares), and Yang Guoxian at 10.04% (14,550,000 shares)[12] - The total number of restricted shares held by the top three shareholders remains unchanged at 27,800,000, 20,400,000, and 14,550,000 respectively, with release dates set for January 3, 2027[14] - The company has a total of 110,557,922 restricted shares, with 1,867,922 released during the period[15] - The company has not reported any changes in the number of shareholders participating in margin trading or securities lending[12] Operational Insights - The company plans to continue its expansion in project construction, particularly the Phase III project, which has seen significant investment in materials and civil works[10] - The company reported a decrease in research and development expenses to CNY 889,404.21 from CNY 1,029,755.58, a reduction of 13.6%[20] - The company has not disclosed any new product developments or technological advancements in this report[16] - There are no updates on market expansion or mergers and acquisitions in the current reporting period[16] - The company has not provided any future performance guidance or outlook in this report[16] Cash and Equivalents - The company reported a significant increase in cash and cash equivalents, rising by 175.85% to ¥619,135,058.65 from ¥224,443,592.20 at the beginning of the year[9] - Total cash and cash equivalents at the end of Q1 2024 is CNY 619,135,058.65, up from CNY 320,620,700.96 at the end of Q1 2023, representing an increase of 93.2%[25]
仁信新材(301395) - 2024 Q1 - 季度财报