华信新材(300717) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was CNY 79,215,518.87, representing a 5.46% increase compared to CNY 75,116,267.86 in the same period last year[5] - Net profit attributable to shareholders for Q1 2024 was CNY 10,675,428.43, a significant increase of 48.30% from CNY 7,198,331.06 in Q1 2023[5] - The net profit after deducting non-recurring gains and losses was CNY 10,268,135.37, up 49.03% from CNY 6,889,811.40 year-on-year[5] - The basic and diluted earnings per share for Q1 2024 were both CNY 0.10, reflecting a 42.86% increase from CNY 0.07 in Q1 2023[5] - Total operating revenue for Q1 2024 was CNY 79,215,518.87, an increase of 5.6% compared to CNY 75,116,267.86 in Q1 2023[21] - Net profit for Q1 2024 reached CNY 10,675,428.43, up 48.5% from CNY 7,198,331.06 in the same period last year[22] - Operating profit increased significantly to CNY 12,712,027.82, compared to CNY 7,057,396.65 in Q1 2023, marking an increase of 80.5%[22] - Basic and diluted earnings per share improved to CNY 0.10, up from CNY 0.07 in the previous year[23] Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 16,739,657.96, a decline of 385.66% compared to a positive CNY 5,859,929.76 in the same period last year[5] - Cash flow from operating activities showed a net outflow of CNY -16,739,657.96, a decline from a net inflow of CNY 5,859,929.76 in Q1 2023[25] - Cash and cash equivalents at the end of Q1 2024 were CNY 164,322,620.46, down from CNY 195,426,337.71 at the beginning of the quarter[26] - The cash and cash equivalents decreased by CNY 31,103,717.25, representing a decline of approximately 15.9%[17] - The company experienced a foreign exchange impact on cash and cash equivalents of CNY 205,802.71, compared to a negative impact of CNY -2,300,866.70 in the previous year[26] Assets and Liabilities - The total assets at the end of Q1 2024 were CNY 770,880,652.36, a slight increase of 0.27% from CNY 768,807,672.25 at the end of the previous year[5] - Current assets decreased from CNY 363,266,882.33 to CNY 359,395,041.10, primarily due to a reduction in cash and cash equivalents from CNY 195,426,337.71 to CNY 164,322,620.46[17][18] - Accounts receivable increased from CNY 96,275,142.41 to CNY 110,068,200.77, reflecting a growth of approximately 14.3%[17] - Inventory rose from CNY 44,423,456.77 to CNY 54,745,864.44, indicating an increase of about 23.3%[18] - Total liabilities decreased from CNY 95,044,847.28 to CNY 86,442,398.96, a reduction of approximately 9.5%[20] - The company's equity increased from CNY 673,762,824.97 to CNY 684,438,253.40, reflecting a growth of about 1.0%[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 7,357, with the largest shareholder holding 50.81% of the shares[11] - The company reported a total of 921,600 shares under lock-up for the executive Li Zhenbin, with no shares released during the period[15] Government Support and Expenses - The company received government subsidies amounting to CNY 514,119.06 during the reporting period, contributing positively to its financial performance[7] - Research and development expenses increased to CNY 4,165,049.82 from CNY 3,365,856.56, reflecting a growth of 23.7%[21] - The company reported a decrease in sales expenses to CNY 1,186,529.47 from CNY 994,227.10, indicating a rise of 19.4%[21] Strategic Initiatives - The company continues to explore market expansion opportunities and new product development strategies, although specific figures were not disclosed in the report[16]