ARGUS(SH:603790)2024-04-25 08:31Financial Performance - The company's operating revenue for Q1 2024 was CNY 217,124,952.99, representing a year-on-year increase of 13.37%[5] - The net profit attributable to shareholders for the same period was CNY 24,965,169.79, reflecting a significant increase of 42.20% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 21,845,457.85, up by 40.86% year-on-year[5] - The basic and diluted earnings per share both stood at CNY 0.13, marking an increase of 44.44%[5] - The net profit for Q1 2024 was CNY 24,471,851.61, an increase of 42.7% compared to CNY 17,158,246.36 in Q1 2023[22] - The total operating costs rose to CNY 192,913,451.51, up from CNY 172,302,576.68, reflecting an increase of 11.4%[22] - The operating profit for Q1 2024 was CNY 27,574,498.29, compared to CNY 20,650,592.37 in the same period last year, marking a growth of 33.5%[22] - The total comprehensive income for Q1 2024 was CNY 24,670,111.04, compared to CNY 17,104,228.49 in Q1 2023, indicating a growth of 44.5%[23] - The company reported a tax expense of CNY 3,360,542.18, slightly down from CNY 3,473,223.67 in the previous year[22] Cash Flow and Assets - The net cash flow from operating activities was CNY 881,632.26, showing a decline of 95.58% compared to the same period last year[5] - Cash flow from operating activities generated a net inflow of CNY 881,632.26, a significant decrease from CNY 19,942,359.94 in Q1 2023[26] - Investment activities resulted in a net cash outflow of CNY 84,708,813.32, compared to a net outflow of CNY 26,799,619.71 in the previous year[27] - Cash flow from financing activities showed a net inflow of CNY 54,395,940.83, contrasting with a net outflow of CNY 22,636,320.10 in Q1 2023[27] - Cash and cash equivalents decreased to RMB 127,135,039.98 as of March 31, 2024, down from RMB 157,112,653.66 at the end of 2023, representing a decline of 19.1%[16] - The company’s cash and cash equivalents at the end of Q1 2024 were CNY 112,249,827.60, down from CNY 165,179,718.58 at the end of Q1 2023[27] - Total assets at the end of Q1 2024 were CNY 1,715,657,399.86, a decrease of 1.32% from the end of the previous year[6] - Total assets as of March 31, 2024, were RMB 1,715,657,399.86, a decrease of 1.3% from RMB 1,738,604,698.47 at the end of 2023[17] - The company’s non-current assets totaled RMB 868,370,444.36, a slight decrease from RMB 868,830,235.56 at the end of 2023[17] Liabilities and Equity - The equity attributable to shareholders decreased by 2.01% to CNY 1,192,627,968.72 compared to the end of the previous year[6] - Total liabilities increased to RMB 465,573,912.84, up 4.6% from RMB 444,966,538.31 at the end of 2023[18] - The company reported a net profit margin improvement, with retained earnings increasing to RMB 688,856,257.96 from RMB 663,891,088.18 at the end of 2023[18] Strategic Plans and Market Outlook - The company plans to continue expanding its overseas market presence, contributing to revenue growth[8] - The textile chemical market is showing signs of recovery, positively impacting the company's financial performance[8] - The company plans to acquire 100% of Chengdu Eagle Ming Intelligent Technology Co., Ltd., with a focus on divesting the automotive network electronic products sales and aftermarket business[13] - The company is undergoing an internal decision-making process regarding the acquisition, which is subject to regulatory approval, indicating potential future growth opportunities[13] Return on Equity - The weighted average return on equity increased by 0.55 percentage points to 2.03%[5] - The basic earnings per share for Q1 2024 was CNY 0.13, up from CNY 0.09 in Q1 2023, representing a 44.4% increase[23]