Financial Performance - The company's revenue for Q1 2024 was CNY 419,947,071.70, representing a 20.62% increase compared to CNY 348,144,590.51 in the same period last year[5] - Net profit attributable to shareholders reached CNY 64,704,123.78, a significant increase of 111.47% from CNY 30,597,283.23 year-on-year[5] - Basic and diluted earnings per share were both CNY 0.49, reflecting a 113.04% increase compared to CNY 0.23 in the previous year[5] - The net profit for Q1 2024 was CNY 64,624,156.39, a significant increase of 111.7% compared to CNY 30,511,961.13 in Q1 2023[18] - Operating profit reached CNY 40,610,952.35, up from CNY 37,724,513.33, reflecting a growth of 7.7% year-over-year[18] - The total comprehensive income for the period was CNY 64,624,156.39, compared to CNY 30,511,961.13 in the previous year, marking an increase of 111.7%[19] Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -30,023,551.71, worsening by 413.33% compared to CNY -5,848,754.78 in the same period last year[5] - The company's cash and cash equivalents decreased to RMB 208,900,439.39 from RMB 319,114,375.22, a decline of 34.6%[13] - Cash and cash equivalents at the end of the period were CNY 206,100,439.39, down from CNY 313,986,184.64 at the end of Q1 2023[22] - The company's total assets decreased by 6.49% to CNY 1,761,597,892.78 from CNY 1,883,880,589.43 at the end of the previous year[5] - Total assets as of March 31, 2024, were RMB 1,761,597,892.78, down from RMB 1,883,880,589.43 at the beginning of the year, a decline of 6.5%[15] Liabilities and Shareholder Information - Total liabilities decreased to RMB 462,563,488.21 from RMB 616,715,511.52, a reduction of 25%[15] - The number of ordinary shareholders at the end of the reporting period was 14,714[10] Income and Expenses - The company reported a significant increase in other income, which rose to CNY 47,854,203.56, a 117066.66% increase due to insurance compensation received[8] - The company recorded a 52.27% increase in taxes payable, amounting to CNY 30,601,312.14, attributed to increased pre-tax profits[8] - Total operating costs for Q1 2024 were RMB 370,891,349.36, up 22.2% from RMB 303,397,841.47 in Q1 2023[17] - The company incurred financial expenses of CNY 279,799.72, a significant increase from CNY -135,951.89 in the previous year[18] - Research and development expenses were CNY 5,205,065.66, slightly down from CNY 5,917,978.07, showing a decrease of 12%[18] Asset Management - Accounts receivable increased to RMB 134,176,760.87 from RMB 124,492,603.48, reflecting a growth of 5.4%[14] - Inventory decreased to RMB 461,646,963.94 from RMB 512,085,815.39, a reduction of 9.8%[14] - Non-current assets increased to RMB 839,043,600.44 from RMB 818,751,221.56, a growth of 2.7%[14] - The company's retained earnings rose to RMB 422,700,843.71 from RMB 357,996,719.93, an increase of 18%[15] Return on Equity - The weighted average return on equity improved to 5.04%, up from 2.45% in the previous year[5]
洪兴股份(001209) - 2024 Q1 - 季度财报