Junhe(SH:603617)2024-04-25 12:09Financial Performance - The company's operating revenue for Q1 2024 was CNY 238,699,217.88, representing a year-on-year increase of 37.83%[6] - The net profit attributable to shareholders for the same period was CNY 15,801,870.10, reflecting a significant increase of 65.39% compared to the previous year[6] - The net profit after deducting non-recurring gains and losses was CNY 13,206,044.54, which is an increase of 29.32% year-on-year[6] - Basic earnings per share for Q1 2024 were CNY 0.04, up by 33.33% from the same period last year[6] - The net profit for Q1 2024 was CNY 15,801,870.10, a significant increase from CNY 9,378,848.14 in Q1 2023, representing a growth of approximately 68.5%[22] - Total operating revenue for Q1 2024 reached RMB 238,699,217.88, an increase of 37.9% compared to RMB 173,180,769.95 in Q1 2023[21] - The total profit for Q1 2024 was CNY 23,182,138.07, compared to CNY 9,456,021.29 in Q1 2023, representing an increase of approximately 145.5%[22] Cash Flow and Assets - The net cash flow from operating activities decreased by 75.23%, amounting to CNY 11,010,349.18, primarily due to increased material costs[11] - The company reported a net cash flow from operating activities of CNY 11,010,349.18 for Q1 2024, down from CNY 44,452,669.64 in Q1 2023, a decrease of about 75.7%[26] - Cash and cash equivalents decreased to RMB 682,080,003.73 from RMB 802,325,162.50, a decline of 15%[17] - Cash and cash equivalents at the end of Q1 2024 stood at CNY 636,471,850.47, slightly up from CNY 629,502,754.56 at the end of Q1 2023[27] - Current assets as of March 31, 2024, totaled RMB 1,265,266,466.12, up from RMB 1,224,471,104.71 at the end of 2023, reflecting a growth of 3.3%[17] - Total liabilities as of March 31, 2024, were RMB 757,292,418.65, an increase from RMB 707,524,933.01, marking a rise of 7%[19] - Shareholders' equity increased to RMB 1,428,311,805.72 from RMB 1,406,151,094.07, reflecting a growth of 1.6%[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,938[13] - The largest shareholder, Ningbo Junhe Holding Group Co., Ltd., holds 31.62% of the shares, totaling 123,640,055 shares[13] - No significant changes in major shareholders or their participation in financing activities were reported during the period[14] Costs and Expenses - Total operating costs for Q1 2024 were CNY 222,416,479.26, up from CNY 167,876,333.26 in Q1 2023, indicating an increase of about 32.5%[22] - Research and development expenses rose to CNY 5,243,360.00 in Q1 2024, compared to CNY 4,087,830.96 in Q1 2023, reflecting an increase of approximately 28.3%[22] Investment and Financing Activities - Investment activities resulted in a net cash outflow of CNY 171,255,605.31 in Q1 2024, compared to a net outflow of CNY 17,660,009.90 in Q1 2023, indicating a significant increase in investment expenditures[27] - The company raised CNY 403,456,639.22 through borrowings in Q1 2024, compared to CNY 102,660,000.00 in Q1 2023, marking an increase of approximately 292.5%[27] Operational Efficiency and Market Strategy - The company reported a net profit margin improvement due to increased operational efficiency, although specific profit figures were not disclosed in the provided content[21] - The company is focusing on expanding its market presence and enhancing product development, although specific new products or technologies were not detailed in the provided content[21]