Financial Performance - The company's operating revenue for Q1 2024 was ¥902,589,344.74, representing a 10.39% increase compared to ¥817,656,964.12 in the same period last year[3]. - Net profit attributable to shareholders was ¥20,676,760.06, up 11.58% from ¥18,531,444.53 year-on-year[3]. - Basic and diluted earnings per share increased by 33.33% to ¥0.04 from ¥0.03 in the previous year[3]. - Total operating revenue for Q1 2024 reached ¥902,589,344.74, an increase of 10.4% compared to ¥817,656,964.12 in Q1 2023[15]. - Net profit for Q1 2024 was ¥20,676,760.06, representing a 11.6% increase from ¥18,531,444.53 in Q1 2023[16]. - Earnings per share for Q1 2024 were ¥0.04, compared to ¥0.03 in Q1 2023[16]. - The total comprehensive income for Q1 2024 was ¥21,321,321.31, up from ¥17,335,193.28 in the same period last year, reflecting a growth of 23.0%[16]. Cash Flow - The net cash flow from operating activities improved by 53.17%, reaching -¥109,760,257.83 compared to -¥234,386,613.54 in the same period last year[3]. - The cash inflow from operating activities for Q1 2024 was CNY 740,310,742.52, an increase of 48.7% compared to CNY 497,931,913.94 in the same period last year[17]. - The net cash flow from operating activities was -CNY 109,760,257.83, an improvement from -CNY 234,386,613.54 year-over-year[17]. - Cash outflow for investing activities totaled CNY 17,618,470.67, down 43.0% from CNY 30,907,686.27 in the previous year[17]. - The net cash flow from financing activities was CNY 65,678,094.96, a decrease of 70.7% compared to CNY 224,527,956.93 in Q1 2023[18]. - The total cash and cash equivalents at the end of Q1 2024 were CNY 320,889,599.86, down from CNY 372,302,252.27 at the end of Q1 2023[18]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,246,377,765.90, a 6.76% increase from ¥3,977,389,555.42 at the end of the previous year[3]. - Total liabilities increased to ¥2,683,926,313.56 in Q1 2024, compared to ¥2,436,259,424.39 in Q1 2023, marking a rise of 10.2%[13]. - The company's total equity attributable to shareholders reached ¥1,562,451,452.34, up from ¥1,541,130,131.03, indicating a growth of 1.4%[13]. - The total current assets at the end of the first quarter amounted to CNY 2,907,193,718.82, an increase from CNY 2,667,857,286.77 at the beginning of the period, reflecting a growth of approximately 8.97%[11]. - Accounts receivable increased significantly to CNY 1,269,918,268.12 from CNY 963,939,608.93, representing a rise of about 31.73%[11]. - Inventory levels rose to CNY 494,165,320.87, up from CNY 442,157,195.43, indicating an increase of approximately 11.77%[11]. - The total non-current assets were reported at CNY 440,126,000.00, slightly down from CNY 440,000,000.00, showing a marginal decrease[11]. Shareholder Information - The top shareholder, Xiangtan Steel Group Co., Ltd., holds 41.80% of the shares, amounting to 223,363,200 shares[7]. - The total number of ordinary shareholders at the end of the reporting period was 49,521[7]. - The company has not reported any changes in its preferred stockholder structure, indicating stability in its equity financing[9]. Research and Development - Research and development expenses for Q1 2024 were ¥28,710,974.58, an increase of 11.5% from ¥25,749,409.35 in Q1 2023[15]. - The company is focusing on expanding its market presence and enhancing product development strategies, although specific new products or technologies were not detailed in the report[10]. Other Financial Metrics - Non-recurring gains and losses totaled ¥6,792,878.55 after tax, with significant contributions from government subsidies and investment income[4]. - The company reported a net other comprehensive income of ¥644,561.25 for Q1 2024, compared to a loss of ¥1,196,251.25 in Q1 2023[16]. - The company reported a significant increase in long-term equity investments, rising to CNY 23,322,561.75 from CNY 22,141,593.88, which is an increase of approximately 5.33%[11]. - The company has not disclosed any significant mergers or acquisitions during this quarter, maintaining its current operational structure[10].
华菱线缆(001208) - 2024 Q1 - 季度财报