双象股份(002395) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥426,747,982.78, representing a 47.94% increase compared to ¥288,465,430.26 in the same period last year[5] - Net profit attributable to shareholders was ¥18,671,839.34, up 183.21% from ¥6,592,846.24 year-on-year[5] - Basic earnings per share increased to ¥0.0696, reflecting a growth of 182.93% from ¥0.0246 in the same quarter last year[5] - Total operating revenue for Q1 2024 reached ¥426,747,982.78, a significant increase of 48% compared to ¥288,465,430.26 in Q1 2023[25] - Operating profit for the period was ¥22,592,068.13, up from ¥9,504,729.34 in the same period last year, reflecting a growth of 138%[26] - Net profit attributable to the parent company was ¥18,671,839.34, compared to ¥6,592,846.24 in Q1 2023, marking an increase of 184%[26] Cash Flow and Liquidity - The net cash flow from operating activities decreased to -¥132,111,799.41, a decline of 2,340.04% compared to -¥5,414,332.07 in the previous year[5] - Cash flow from operating activities showed a net outflow of ¥132,111,799.41, worsening from a net outflow of ¥5,414,332.07 in Q1 2023[29] - The net cash flow from investing activities was -4,051,575.81, compared to 1,471,335.05 in the previous year, indicating a significant decrease in cash generated from investments[30] - The net cash flow from financing activities was 448,694.87, a decrease from 26,454,746.86 in the previous year, showing a substantial decline[30] - The cash and cash equivalents at the end of the period were 137,229,699.15, down from 277,462,568.38 in the previous year, representing a decrease of 50.6%[30] - The net increase in cash and cash equivalents was -134,970,259.09, contrasting with a positive increase of 20,633,667.47 in the previous year[30] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,248,574,341.11, a slight decrease of 1.07% from ¥2,272,971,506.20 at the end of the previous year[5] - The company's total liabilities decreased to ¥1,314,861,145.91 from ¥1,358,127,798.10, a reduction of approximately 3.2%[24] - The total equity attributable to shareholders increased to ¥933,713,195.20 from ¥914,843,708.10, representing a growth of about 2%[24] - The company reported a decrease in total current liabilities to ¥679,774,423.82 from ¥720,415,458.39, a decline of approximately 5.6%[24] Accounts Receivable and Inventory - The accounts receivable increased by 125.14% to ¥87,000,000.00, attributed to relaxed credit policies to boost sales[9] - Accounts receivable increased significantly to CNY 87,072,682.49 from CNY 38,674,734.95, representing an increase of approximately 125.5%[21] - Inventory levels rose to CNY 332,435,611.97 from CNY 298,656,743.99, indicating an increase of about 11.3%[21] Research and Development - Research and development expenses rose by 50.40% to ¥17,197,000.00, driven by increased investment from subsidiaries[12] - Research and development expenses rose to ¥17,195,018.36, compared to ¥11,432,839.09 in the previous year, indicating a 50% increase[25] Shareholder Information - The total number of common shareholders at the end of the reporting period is 27,618, with Jiangsu Shuangxiang Group holding 64.52% of shares, amounting to 173,045,285 shares[17] Other Income and Investments - The company reported a significant increase in investment income by 216.66% to ¥860,000.00, mainly due to debt forgiveness from suppliers[12] - Other income increased to ¥3,835,311.00 from ¥2,451,500.01, reflecting a growth of 56.3%[26] Company Strategy and Developments - The company plans to continue expanding its market presence and investing in R&D to enhance product offerings and technological advancements[11] - The company has not disclosed any new product or technology developments in the current report[18] - There is no indication of market expansion or mergers and acquisitions in the current reporting period[18] Audit and Accounting Standards - The company did not undergo an audit for the first quarter report[31] - The report indicates the first-time implementation of new accounting standards starting in 2024[31]