润农节水(830964) - 2024 Q1 - 季度财报

Financial Performance - Operating revenue for Q1 2024 was CNY 130,479,010.48, representing a 6.85% increase from CNY 122,111,110.88 in Q1 2023[10] - Net profit attributable to shareholders decreased by 18.75% to CNY 8,803,289.16 from CNY 10,834,918.16 year-over-year[10] - Basic and diluted earnings per share for Q1 2024 were both ¥0.03, down from ¥0.04 in Q1 2023[37] - Operating profit for Q1 2024 was ¥9,843,813.45, down 22.4% from ¥12,632,730.37 in Q1 2023[36] - The total profit for Q1 2024 was ¥9,849,408.09, down from ¥12,820,896.93 in Q1 2023, reflecting a decline of 23.3%[36] Cash Flow - The company's cash flow from operating activities showed a net outflow of CNY -68,972,482.84, worsening from CNY -50,957,783.91 in the same period last year[10] - Operating cash flow for Q1 2024 was negative at -68,972,482.84 CNY, compared to -50,957,783.91 CNY in Q1 2023, indicating a decline in operational efficiency[39] - Total cash inflow from operating activities decreased to 143,613,209.74 CNY in Q1 2024, down from 180,901,127.95 CNY in Q1 2023, reflecting a year-over-year decline of approximately 20.6%[39] - Cash outflow from operating activities was 212,585,692.58 CNY in Q1 2024, compared to 231,858,911.86 CNY in Q1 2023, showing a reduction of about 8.3%[39] - The ending cash and cash equivalents balance for Q1 2024 was 53,646,043.60 CNY, down from 71,581,624.38 CNY in Q1 2023, indicating a decrease of approximately 25%[41] Assets and Liabilities - Total assets increased by 3.85% to CNY 1,192,092,663.21 as of March 31, 2024, compared to CNY 1,147,851,693.79 at the end of 2023[10] - The company's asset-liability ratio (consolidated) rose to 24.02% from 21.86% year-over-year[10] - Total liabilities rose to ¥286,346,318.01, compared to ¥250,908,637.75, indicating an increase of about 14.1%[31] - Current liabilities totaled ¥252,908,826.32, up from ¥218,795,227.77, reflecting a growth of approximately 15.6%[30] - Non-current liabilities amounted to ¥33,437,491.69, slightly increasing from ¥32,113,409.98, a rise of about 4.1%[31] Shareholder Information - The number of shareholders holding ordinary shares reached 13,489 as of the end of the reporting period[16] - The total number of shares held by the top ten shareholders is 140,993,728, representing 53.98% of the total shares[17] - The largest shareholder, Xue Baosong, holds 86,970,163 shares, accounting for 33.30% of the total shares[17] Inventory and Receivables - Accounts receivable increased from 541,742,537.04 yuan to 552,341,865.29 yuan, indicating a rise in outstanding payments[29] - Inventory rose to ¥263,406,600.55, compared to ¥257,353,979.42, indicating an increase of about 2.4%[32] Expenses - Total operating costs increased to ¥122,757,466.98 in Q1 2024, up 9.3% from ¥112,352,150.00 in Q1 2023[35] - Research and development expenses for Q1 2024 were ¥2,908,148.23, slightly down from ¥2,982,344.24 in Q1 2023[35] - Financial expenses increased to ¥677,283.58 in Q1 2024, compared to ¥240,021.33 in Q1 2023, with interest expenses rising to ¥872,900.39[35] Other Financial Metrics - Non-recurring gains and losses for the period totaled CNY 136,953.42, with a net amount after tax of CNY 117,410.30[14] - The company reported a credit impairment loss of ¥1,990,911.17 in Q1 2024, compared to ¥1,976,514.19 in Q1 2023[36] - Other income decreased to ¥131,358.78 in Q1 2024 from ¥409,410.53 in Q1 2023[35]