长阳科技(688299) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 313,736,379.90, representing a year-on-year increase of 25.08%[5]. - The net profit attributable to shareholders decreased by 66.97% to CNY 8,232,833.25, primarily due to underutilization of production capacity in membrane projects[5][6]. - Basic and diluted earnings per share both fell by 66.67% to CNY 0.03[5][6]. - Total operating revenue for Q1 2024 reached ¥313,736,379.90, an increase of 25.1% compared to ¥250,822,683.97 in Q1 2023[18]. - Net profit for Q1 2024 was ¥8,232,833.25, a decrease of 67.9% from ¥24,927,039.85 in Q1 2023[19]. - Basic and diluted earnings per share for Q1 2024 were both ¥0.03, down from ¥0.09 in Q1 2023[20]. - The company reported a total comprehensive income of ¥8,239,844.87 for Q1 2024, down from ¥24,267,597.87 in Q1 2023[20]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -59,354,865.53, attributed to a decrease in cash received from operating activities[6][8]. - Cash inflow from operating activities in Q1 2024 was ¥260,449,506.42, compared to ¥233,580,789.39 in Q1 2023, reflecting a growth of 11.5%[22]. - The net cash flow from operating activities was -$59.35 million, compared to -$25.30 million in the previous year, indicating a decline in operational performance[23]. - The total cash and cash equivalents at the end of the period were $190.39 million, down from $204.94 million at the end of the previous year[24]. - The company experienced a negative impact of $2.31 million from foreign exchange fluctuations on cash and cash equivalents[24]. - Cash inflows from investment activities decreased to $40.29 million from $51.05 million, reflecting lower returns on investments[23]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,368,579,790.73, a slight increase of 0.95% compared to the end of the previous year[6]. - The company's current assets totaled RMB 1,346,372,773.12, slightly down from RMB 1,352,602,019.81 in the previous period[16]. - The company's total liabilities increased to RMB 1,346,372,773.12, compared to RMB 1,352,602,019.81 in the previous period[16]. - Total liabilities as of Q1 2024 were ¥1,229,434,063.00, up from ¥1,156,064,457.48 in the previous year[18]. - The total non-current assets amounted to RMB 2,022,207,017.61, an increase from RMB 1,984,366,490.36 in the previous period[16]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 12,626[9]. - The top shareholder, Jin Yadong, holds 15.70% of the shares, totaling 45,593,922 shares[10]. - The number of shares held by the top ten shareholders includes 45,543,922 shares held by Jin Yadong, representing a significant portion of the company's equity[11]. - The repurchase account holds 8,197,318 shares, accounting for 2.82% of the total share capital[11]. Research and Development - Research and development expenses totaled CNY 16,267,506.90, accounting for 5.19% of operating revenue, a decrease of 0.39 percentage points[6]. - Research and development expenses for Q1 2024 amounted to ¥16,267,506.90, an increase of 16.2% from ¥13,999,038.44 in Q1 2023[19]. Other Financial Metrics - The weighted average return on net assets was 0.38%, down by 0.82 percentage points[6]. - The company reported a non-recurring gain of CNY 1,905,110.25, primarily from government subsidies and asset impairment reversals[8]. - Cash paid to employees increased to $47.94 million from $42.22 million, indicating higher labor costs[23]. - Cash paid for taxes was $15.40 million, slightly down from $15.58 million year-over-year, showing stable tax obligations[23]. - The company paid $4.01 million in dividends and interest, up from $2.22 million, indicating an increase in shareholder returns[24].