合兴股份(605005) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 reached ¥407,061,245.92, representing a year-on-year increase of 31.74%[5] - The net profit attributable to shareholders was ¥55,152,871.69, reflecting a growth of 46.07% compared to the same period last year[5] - Basic earnings per share were ¥0.14, up by 55.56% from the previous year[5] - Net profit for Q1 2024 was ¥55,152,871.69, representing a 46.1% increase compared to ¥37,758,792.66 in Q1 2023[19] Cash Flow - The net cash flow from operating activities amounted to ¥90,807,714.90, an increase of 35.88% year-on-year[5] - Cash flow from operating activities for Q1 2024 was ¥90,807,714.90, an increase from ¥66,829,343.93 in Q1 2023[23] - The net increase in cash and cash equivalents for Q1 2024 was -$13,518,926.40, compared to -$1,370,232.30 in Q1 2023, indicating a significant decline in cash flow[24] - The ending balance of cash and cash equivalents as of Q1 2024 was $205,257,563.66, up from $160,988,790.97 in Q1 2023, reflecting a year-over-year increase of approximately 27.5%[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,277,284,090.38, a decrease of 0.98% from the end of the previous year[6] - Total current assets decreased from RMB 1,266,280,720.10 to RMB 1,235,785,490.96, a decline of approximately 2.5%[14] - Total liabilities decreased from RMB 532,212,987.94 to RMB 456,655,616.46, a reduction of approximately 14.1%[15] - Total equity increased from RMB 1,767,568,511.13 to RMB 1,820,628,473.92, an increase of about 3%[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 14,667[10] - The top shareholder, Hexing Group Co., Ltd., holds 76.50% of the shares, totaling 306,765,000 shares[11] Expenses - The company reported a significant increase in tax expenses by 42.25%, primarily due to the rise in profits[8] - The company experienced a 76.06% increase in financial expenses, mainly due to higher bank loan interest costs[8] - Research and development expenses for Q1 2024 were ¥24,517,421.45, an increase from ¥19,923,246.01 in Q1 2023[18] - Tax expenses for Q1 2024 were ¥10,358,369.96, compared to ¥7,281,692.30 in Q1 2023, reflecting a 42.6% increase[19] Inventory and Receivables - Accounts receivable decreased from RMB 473,421,149.64 to RMB 413,623,242.14, a reduction of approximately 12.6%[13] - Inventory decreased from RMB 458,498,023.70 to RMB 443,631,435.90, a decline of about 3.2%[14] - The company reported a significant increase in other receivables from RMB 2,280,645.29 to RMB 5,166,254.44, an increase of approximately 126%[13] Other Financial Metrics - Total operating costs for Q1 2024 were ¥334,139,996.72, up 26.5% from ¥264,158,035.10 in Q1 2023[18] - Cash inflow from investment activities in Q1 2024 totaled ¥189,679,381.17, compared to ¥211,045,934.05 in Q1 2023[23] - Cash outflow from investment activities for Q1 2024 was ¥291,290,884.00, down from ¥335,029,081.79 in Q1 2023[23] - Cash flow from financing activities in Q1 2024 resulted in a net outflow of ¥962,674.27, compared to a net inflow of ¥56,038,783.60 in Q1 2023[23] Strategic Developments - The company has not reported any new strategies or product developments during this quarter[13]