杭齿前进(601177) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥423,171,700.23, a decrease of 22.34% compared to ¥544,890,501.64 in the same period last year[2] - Net profit attributable to shareholders for Q1 2024 was ¥52,350,757.83, down 20.19% from ¥65,590,971.11 year-on-year[2] - The diluted earnings per share for Q1 2024 was ¥0.1309, representing a decrease of 20.18% from ¥0.1640 in the previous year[3] - The net profit after deducting non-recurring gains for Q1 2024 was ¥48,493,265.49, down 23.43% from ¥63,230,141.99 in the previous year[2] - Net profit for Q1 2024 was CNY 53,838,108.13, a decline of 19.8% from CNY 67,090,517.31 in Q1 2023[16] - Total operating revenue for Q1 2024 was CNY 423,171,700.23, a decrease of 22.3% compared to CNY 544,890,501.64 in Q1 2023[15] - Total operating costs for Q1 2024 were CNY 413,924,538.97, down 19.2% from CNY 511,571,200.68 in Q1 2023[15] - Earnings per share (EPS) for Q1 2024 was CNY 0.1309, compared to CNY 0.1640 in Q1 2023, reflecting a decrease of 20.2%[17] Assets and Liabilities - The total assets at the end of Q1 2024 were ¥4,731,124,562.92, reflecting a decrease of 1.09% from ¥4,783,097,609.48 at the end of the previous year[3] - Total liabilities as of Q1 2024 amounted to CNY 2,234,349,305.96, a reduction from CNY 2,355,595,003.68 in the previous year[14] - The total assets of the company as of March 31, 2024, were ¥4,731,124,562.92, a slight decrease of 1.09% from ¥4,783,097,609.48[12] - The equity attributable to shareholders increased by 2.89% to ¥2,407,654,230.31 at the end of Q1 2024 from ¥2,339,948,776.58 at the end of the previous year[3] - Total equity increased to CNY 2,496,775,256.96 in Q1 2024, up from CNY 2,427,502,605.80 in Q1 2023[14] Cash Flow - The net cash flow from operating activities for Q1 2024 was negative at -¥89,111,473.19, compared to -¥41,420,914.13 in the same period last year[2] - In Q1 2024, the net cash flow from operating activities was -$89.11 million, compared to -$41.42 million in Q1 2023, indicating a decline in operational cash flow[20] - Total cash inflow from operating activities decreased to $243.03 million in Q1 2024 from $332.61 million in Q1 2023, a drop of approximately 27%[20] - Cash outflow from operating activities was $332.14 million in Q1 2024, down from $374.03 million in Q1 2023, reflecting a reduction of about 11%[20] - The net cash flow from financing activities was $6.27 million in Q1 2024, compared to -$10.14 million in Q1 2023, indicating a positive shift in financing cash flow[20] - Cash inflow from financing activities increased to $40 million in Q1 2024 from $32 million in Q1 2023, a growth of 25%[20] Current Assets - As of March 31, 2024, the company's total current assets amounted to ¥1,787,964,971.87, a decrease of 6.56% from ¥1,913,399,496.79 on December 31, 2023[11] - The company's cash and cash equivalents decreased to ¥228,329,640.84 from ¥353,022,748.76, representing a decline of 35.39%[11] - Accounts receivable increased to ¥455,740,832.81, up by 20.06% from ¥379,498,569.35[11] - Inventory decreased to ¥823,978,322.95, down by 5.91% from ¥875,909,393.05[12] - The company experienced a decline in cash received from sales and an increase in payable notes, impacting the cash flow from operating activities[6] Non-Recurring Gains and Other Income - The company reported non-recurring gains of ¥3,857,492.34 for Q1 2024, which included government subsidies and other non-operating income[6] - Other comprehensive income for Q1 2024 was CNY 14,335,497.84, compared to a loss of CNY 17,920,742.80 in Q1 2023[16] - The total comprehensive income for Q1 2024 was CNY 68,173,605.97, an increase from CNY 49,169,774.51 in Q1 2023[16] Shareholder Information - The company plans to grant 8 million restricted shares to incentive objects as part of its 2024 restricted stock incentive plan, pending shareholder approval[9] - The top shareholder, Hangzhou Xiaoshan Industrial Development Group Co., Ltd., holds 45.01% of the shares, totaling 180,056,250 shares[8] Investment and R&D - Investment income for Q1 2024 was CNY 47,186,841.92, an increase of 19.1% compared to CNY 39,549,265.48 in Q1 2023[16] - Research and development expenses for Q1 2024 were CNY 23,076,787.29, slightly up from CNY 22,885,932.58 in Q1 2023[15] Accounting Standards - The company did not apply new accounting standards or interpretations for the first time in 2024[21]