Shouxiangu(SH:603896)2024-04-25 11:56Financial Performance - The company's operating revenue for Q1 2024 was CNY 220,901,649.34, representing a year-on-year increase of 7.15%[5] - The net profit attributable to shareholders for the same period was CNY 77,130,242.10, reflecting a growth of 23.19% compared to the previous year[5] - The basic earnings per share (EPS) for Q1 2024 was CNY 0.39, an increase of 21.88% year-on-year[5] - Total operating revenue for Q1 2024 reached ¥220,901,649.34, an increase of 7.9% compared to ¥206,156,004.83 in Q1 2023[22] - Net profit for Q1 2024 was ¥77,130,242.10, a 23.2% increase from ¥62,610,490.08 in Q1 2023[23] - Basic and diluted earnings per share for Q1 2024 were both ¥0.39, compared to ¥0.32 in Q1 2023, reflecting a growth of 21.9%[24] - The company reported a total comprehensive income of ¥87,833,592.95 for Q1 2024, compared to ¥68,333,632.06 in Q1 2023, indicating a growth of 28.7%[24] Cash Flow and Investments - The net cash flow from operating activities decreased by 37.49% to CNY 49,240,931.02, primarily due to an increase in accounts receivable[5][9] - Cash flow from operating activities generated a net amount of ¥49,240,931.02 in Q1 2024, down from ¥78,770,447.68 in Q1 2023[27] - Cash flow from investing activities showed a net inflow of ¥132,590,452.11 in Q1 2024, compared to a net outflow of ¥48,674,579.89 in Q1 2023[28] - The company achieved an investment income of ¥90,895.12 in Q1 2024, a significant recovery from a loss of ¥141,089.11 in Q1 2023[22] Assets and Liabilities - Total assets at the end of Q1 2024 amounted to CNY 3,225,515,608.90, a 1.61% increase from the end of the previous year[6] - Total assets as of March 31, 2024, reached ¥3,225,515,608.90, compared to ¥3,174,354,361.97 at the end of 2023, indicating a growth of about 1.6%[18] - The company's total liabilities decreased to ¥966,391,583.54 from ¥1,003,065,665.30, reflecting a reduction of approximately 3.7%[18] - The total equity attributable to shareholders increased to ¥2,259,124,025.36 from ¥2,171,288,696.67, marking an increase of about 4.0%[18] Shareholder Information - The company had a total of 20,613 common shareholders at the end of the reporting period[11] - The largest shareholder, Zhejiang Shouxian Valley Investment Management Co., Ltd., held 28.10% of the shares, with 12,389,000 shares pledged[12] - The company repurchased 3,585,000 shares, accounting for 1.78% of the total share capital as of March 31, 2024[14] - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending activities[14] Other Financial Metrics - The return on equity (ROE) increased by 0.25 percentage points to 3.48%[6] - The company recognized a gain of CNY 5,674,386.57 from the disposal of non-current assets, contributing to the net profit growth[8] - Accounts receivable increased by 59.64%, attributed to higher sales revenue during the reporting period[9] - Inventory as of March 31, 2024, was reported at ¥166,392,791.62, up from ¥157,833,270.72, which is an increase of approximately 5.4%[16] - The company reported a significant increase in other receivables, rising to ¥4,600,217.54 from ¥3,253,239.10, which is an increase of approximately 41.3%[16] - The company's long-term equity investments stood at ¥5,895,864.64, slightly up from ¥5,738,154.02, indicating a growth of about 2.8%[16] Accounting Changes - The company announced the implementation of new accounting standards starting from 2024, which will involve adjustments to the financial statements at the beginning of the year[30]