长华集团(605018) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 reached ¥585,771,301.03, representing a year-on-year increase of 52.99%[5] - The net profit attributable to shareholders was ¥44,899,863.69, showing a significant increase of 10,970.03% compared to the same period last year[5] - The net cash flow from operating activities was ¥175,407,258.92, reflecting a substantial increase of 726.93% year-on-year[5] - Operating profit for Q1 2024 was ¥52,077,408.00, a turnaround from a loss of ¥548,111.86 in Q1 2023[25] - Net profit for Q1 2024 amounted to ¥44,899,863.69, compared to a net profit of ¥405,598.35 in Q1 2023, indicating a substantial improvement[26] - The total profit for Q1 2024 was RMB 13.37 million, compared to RMB 1.25 million in Q1 2023, showcasing strong growth in profitability[35] Earnings and Shares - The basic earnings per share for the period was ¥0.10, with diluted earnings per share also at ¥0.10[6] - Basic and diluted earnings per share for Q1 2024 were both ¥0.10, compared to ¥0.00 in Q1 2023, indicating a return to profitability[26] - The number of ordinary shareholders at the end of the reporting period was 12,542[11] - The top shareholder, Wang Changtu, holds 48.10% of the shares, totaling 226,800,000 shares[12] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,396,666,796.12, a decrease of 6.35% from the end of the previous year[6] - Total assets decreased to ¥3,396,666,796.12 in Q1 2024 from ¥3,626,925,257.48 in Q1 2023, reflecting a decline of approximately 6.3%[22] - Total liabilities decreased to ¥643,450,833.56 in Q1 2024 from ¥906,497,685.03 in Q1 2023, a reduction of about 29.0%[22] - The total liabilities decreased to ¥295,712,365.31 from ¥370,288,388.30, indicating a reduction of 20.1%[32] Cash Flow - The company's cash flow from operating activities for Q1 2024 showed positive trends, although specific figures were not detailed in the provided content[27] - In Q1 2024, the cash inflow from operating activities reached ¥867,977,848.09, a significant increase of 75.4% compared to ¥495,273,450.23 in Q1 2023[29] - The net cash flow from operating activities was ¥175,407,258.92, up from ¥21,211,837.28 in the same period last year, representing a growth of 726.5%[30] - The total cash outflow from investing activities was ¥79,331,650.35, a decrease of 64.1% from ¥221,306,486.86 in Q1 2023[30] - The net cash flow from investing activities was -¥18,944,650.35, improving from -¥107,240,069.84 year-over-year[30] - The cash flow from financing activities showed a net outflow of -¥74,618,476.90, compared to a net inflow of ¥39,264,223.59 in Q1 2023[30] Investments and Projects - The company completed the investment projects related to the automotive welding components production base and the high-strength fasteners production line, with surplus funds of RMB 82,929,400 allocated to the second phase of the fasteners project[17] - The company has authorized personnel to handle the cancellation of the fundraising special account following the completion of certain fundraising projects[16] - The company's board meetings have approved the change and completion of the lightweight automotive aluminum components project, reallocating surplus funds to ongoing projects[17] Research and Development - Research and development expenses for Q1 2024 were ¥18,865,624.56, slightly down from ¥19,960,242.62 in Q1 2023, indicating a focus on cost management[25] - Research and development expenses for Q1 2024 were RMB 7.24 million, slightly up from RMB 7.09 million in Q1 2023, reflecting continued investment in innovation[34] Other Financial Metrics - Non-recurring gains and losses totaled ¥4,311,838.30 for the period, with government subsidies contributing ¥2,230,727.90[9] - The return on equity (ROE) increased by 1.62 percentage points to 1.64%[6] - The company's total current assets decreased to RMB 1,352,900,404.24 from RMB 1,578,649,300.97, reflecting a decline of about 14.3%[20] - The company reported inventory of RMB 576,734,060.84 as of March 31, 2024, compared to RMB 547,261,411.39 at the end of 2023, indicating an increase of approximately 5.4%[20] - The company’s long-term equity investments increased to RMB 251,023,769.77 from RMB 245,184,937.84, showing a growth of about 2.3%[20] - The company's cash and cash equivalents increased by ¥81,854,236.54 in Q1 2024, compared to a decrease of -¥46,832,858.62 in Q1 2023[30] - The company's total equity as of March 31, 2024, was ¥2,192,954,463.85, slightly down from ¥2,193,264,730.48 at the end of 2023[33]