NOVEL(002014)2024-04-25 08:19Financial Performance - The company's revenue for Q1 2024 was CNY 834,978,146.65, representing a 6.34% increase compared to CNY 785,193,517.97 in the same period last year[5] - Net profit attributable to shareholders was CNY 86,423,584.68, up 10.86% from CNY 77,955,186.87 year-on-year[5] - The net profit for the first quarter of 2024 was CNY 87,594,633.43, representing a 10.3% increase from CNY 79,182,511.79 in the same period last year[18] - The total comprehensive income for Q1 2024 was ¥87,594,633.43, up from ¥79,182,511.79 in the same period last year, reflecting a growth of 10.3%[19] - Basic and diluted earnings per share increased by 7.69% to CNY 0.14 from CNY 0.13[5] - Basic and diluted earnings per share for Q1 2024 were both ¥0.14, compared to ¥0.13 in Q1 2023, indicating a 7.7% increase[19] Cash Flow - The net cash flow from operating activities improved by 36.78%, reaching CNY -71,795,086.65 compared to CNY -113,567,887.50 in the previous year[5] - Cash inflows from operating activities totaled ¥796,111,343.06, compared to ¥727,850,725.61 in the previous year, representing a growth of 9.4%[21] - The net cash flow from operating activities was -¥71,795,086.65, an improvement from -¥113,567,887.50 in Q1 2023[21] - Cash inflows from investment activities were ¥1,093,833,882.71, significantly higher than ¥31,469,376.53 in the previous year[21] - The net cash flow from investment activities was -¥428,421,644.40, worsening from -¥45,458,933.83 in Q1 2023[21] - Cash and cash equivalents at the end of Q1 2024 were ¥658,338,378.78, compared to ¥496,335,935.02 at the end of Q1 2023, showing an increase of 32.6%[22] - The company's cash and cash equivalents decreased by 40.33% compared to the beginning of the year, while trading financial assets increased by 118.42%[7] - The company's cash and cash equivalents decreased to CNY 702,842,643.86 from CNY 1,177,915,754.29 at the beginning of the year, a decline of 40.3%[14] Assets and Liabilities - Total assets decreased by 0.67% to CNY 3,877,215,929.11 from CNY 3,903,428,541.68 at the end of the previous year[5] - The total assets as of March 31, 2024, were CNY 3,877,215,929.11, slightly down from CNY 3,903,428,541.68 at the beginning of the year[15] - The total liabilities increased to CNY 1,625,200,204.13 from CNY 1,398,736,923.83, marking a rise of 16.2%[15] - The long-term borrowings increased to CNY 156,271,745.53 from CNY 115,027,320.38, an increase of 36.0%[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 18,388[9] - The top shareholder, Huangshan Yongjia Investment Co., Ltd., holds 31.28% of the shares, totaling 191,581,566 shares[9] Other Income and Investments - Other income saw a significant increase of 421.16%, primarily due to the VAT credit policy[7] - The company reported a significant increase in other income to CNY 11,162,079.43 from CNY 2,141,768.47, reflecting a growth of 420.5%[18] - Investment income surged by 2083.07%, attributed to the redemption of bank wealth management products[7] - The company plans to invest in a new smart factory project with an annual production capacity of 40,000 tons of color-printed composite flexible packaging materials, approved at the 2024 first extraordinary general meeting[11]