Financial Performance - Revenue for the first quarter of 2024 reached ¥78,882,809.37, representing a 56.75% increase from ¥50,325,123.28 in the same period last year[10] - Net profit attributable to shareholders rose by 90.24% to ¥14,569,685.78, up from ¥7,658,656.01 year-on-year[10] - Total operating revenue for Q1 2024 reached ¥78,882,809.37, a significant increase from ¥50,325,123.28 in Q1 2023, reflecting a growth of approximately 56.6%[34] - The company's net profit for Q1 2024 reached CNY 15,130,431.32, a significant increase of 90.5% compared to CNY 7,935,558.52 in Q1 2023[36] - The total profit for Q1 2024 was CNY 17,666,992.17, up from CNY 9,104,174.15 in Q1 2023, reflecting a growth of 94.5%[36] - The company recorded a total comprehensive income of CNY 15,130,431.32 for Q1 2024, compared to CNY 7,935,558.52 in Q1 2023, an increase of 90.5%[36] Assets and Liabilities - Total assets increased by 3.07% to ¥497,002,183.13 as of March 31, 2024, compared to ¥482,190,818.72 at the end of 2023[10] - The company's asset-liability ratio decreased to 14.32% for the parent company and 20.96% for the consolidated entity, down from 16.27% and 21.69% respectively[10] - Total liabilities decreased slightly to ¥104,160,616.69 from ¥104,574,240.29, indicating a reduction of about 0.4%[30] - The equity attributable to shareholders increased to ¥378,986,018.87 from ¥364,321,776.40, reflecting a growth of approximately 4.0%[30] Cash Flow - The company's cash flow from operating activities decreased by 19.75% to ¥23,514,460.53 compared to ¥29,299,683.79 in the previous year[10] - Cash flow from operating activities for Q1 2024 was CNY 23,514,460.53, compared to CNY 29,299,683.79 in Q1 2023, showing a decrease of 19.7%[41] - The company achieved a net cash inflow from operating activities of CNY 104,022,178.22 in Q1 2024, compared to CNY 86,335,430.14 in Q1 2023, an increase of 20.4%[41] - Total cash inflow from operating activities reached CNY 97,239,778.99, up from CNY 77,819,590.54 in the previous year, representing a growth of 25%[45] - Cash inflow from sales of goods and services was CNY 96,397,458.66, significantly higher than CNY 75,708,686.50 in Q1 2023, indicating a growth of 27%[45] Shareholder Information - The total number of ordinary shareholders was 3,615, with a total share capital of 96,700,000 shares[15] - Major shareholders include Xu Aiming with 41.72% and Zhu Ye with 8.07% of shares[16] - Total shares held by the top ten shareholders account for 72.25% of the company[17] Investments and Expenditures - The company invested ¥54,554,690.72 in construction projects, up from ¥46,027,587.66, indicating a growth of approximately 18.5% in capital expenditures[32] - Research and development expenses for Q1 2024 were ¥3,440,514.09, compared to ¥2,647,843.35 in Q1 2023, reflecting an increase of about 29.9%[34] - Research and development expenses for Q1 2024 totaled CNY 2,841,181.71, compared to CNY 2,202,470.23 in Q1 2023, marking an increase of 29.1%[39] Other Financial Metrics - The gross profit margin improved due to increased scale, contributing to a net profit increase[12] - The net profit margin for Q1 2024 improved, driven by higher revenue and controlled costs, although specific net profit figures were not disclosed[34] - The company reported a basic and diluted earnings per share of CNY 0.15 for Q1 2024, up from CNY 0.10 in Q1 2023, reflecting a 50% increase[37] Operational Insights - Significant increase in prepayments by 64.08% to ¥5,350,892.89, primarily due to increased advance payments for materials[11] - Daily related transactions for purchasing raw materials were estimated at ¥16,000,000, with actual transactions of ¥1,749,494.94[21] - The company has no ongoing litigation or arbitration matters[20] - All disclosed commitments have been fulfilled without any overdue situations[22] - The company plans to continue its market expansion and product development strategies in the upcoming fiscal year[21]
易实精密(836221) - 2024 Q1 - 季度财报