Workflow
武进不锈(603878) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥730,054,743.08, representing a decrease of 15.89% compared to the same period last year[3]. - The net profit attributable to shareholders was ¥68,028,559.12, down 6.33% year-on-year[3]. - The basic earnings per share (EPS) was ¥0.12, reflecting a decline of 7.69% compared to the previous year[3]. - Operating profit for Q1 2024 was ¥78,813,446.69, slightly down from ¥80,972,351.07 in Q1 2023, reflecting a decrease of 2.7%[16]. - Net profit for Q1 2024 was ¥68,028,559.12, down 6.1% from ¥72,629,535.29 in Q1 2023[16]. - The total comprehensive income for Q1 2024 was ¥68,028,559.12, compared to ¥72,629,535.29 in Q1 2023, indicating a decrease of 6.1%[17]. Cash Flow and Assets - The net cash flow from operating activities was ¥45,008,976.48, a significant improvement from a negative figure in the same period last year[3]. - The net cash flow from operating activities for Q1 2024 was ¥45,008,976.48, a significant improvement compared to a net outflow of -¥81,180,528.94 in Q1 2023[20]. - Cash and cash equivalents at the end of Q1 2024 stood at ¥520,483,351.16, up from ¥305,283,505.46 at the end of Q1 2023[21]. - The company's cash and cash equivalents increased to ¥682,721,204.46 from ¥639,921,771.26, reflecting a growth of about 6.3%[11]. - Total assets at the end of the reporting period were ¥4,242,098,077.45, a slight decrease of 0.38% from the end of the previous year[4]. - The company's current assets totaled ¥3,173,246,413.67, compared to ¥3,180,362,055.79 at the end of 2023, indicating a decrease of approximately 0.3%[11]. - The company's total assets amounted to ¥4,242,098,077.45, a slight decrease from ¥4,258,307,422.32 at the end of 2023[11]. Shareholder and Equity Information - The company's equity attributable to shareholders increased by 2.43% to ¥2,866,930,473.44 compared to the end of the previous year[4]. - The company's equity increased to ¥2,866,930,473.44 from ¥2,798,984,287.88, representing a growth of approximately 2.4%[13]. - The total number of ordinary shareholders at the end of the reporting period was 11,938[8]. - The company has not reported any significant changes in shareholder structure or financing activities during the reporting period[10]. Expenses and Liabilities - Research and development expenses rose by 40.31%, primarily due to increased investment in R&D[6]. - Financial expenses surged by 108.39%, mainly due to interest accrued from convertible bond issuance[6]. - The company reported a decrease in sales expenses to ¥7,976,454.98 in Q1 2024 from ¥10,510,287.04 in Q1 2023, a reduction of 24.3%[16]. - Financial expenses increased to ¥3,246,720.54 in Q1 2024, compared to ¥1,557,978.40 in Q1 2023, marking a rise of 108.5%[16]. - Total liabilities decreased to ¥1,375,167,604.01 from ¥1,459,323,134.44, a reduction of about 5.8%[13]. - The company’s short-term borrowings decreased to ¥39,550,711.11 from ¥45,038,055.56, a reduction of approximately 12.9%[12]. Inventory and Receivables - Accounts receivable rose to ¥803,896,406.07 from ¥635,474,575.95, marking an increase of approximately 26.4%[11]. - The company reported a decrease in inventory from ¥1,189,860,479.69 to ¥1,133,067,402.91, a decline of about 4.7%[12].