Financial Performance - The company's revenue for Q1 2024 was CNY 148,315,486.05, representing a 0.55% increase compared to CNY 147,505,202.12 in the same period last year[5] - Net profit attributable to shareholders was CNY 5,914,397.17, up 4.17% from CNY 5,677,420.30 year-on-year[5] - Basic earnings per share increased to CNY 0.0353, a rise of 4.13% from CNY 0.0339 in the same quarter last year[5] - The total operating revenue for Q1 2024 was CNY 148,315,486.05, representing an increase from CNY 147,505,202.12 in the previous period, indicating a growth of approximately 0.55%[19] - The net profit for Q1 2024 reached ¥5,914,397.17, compared to ¥5,677,420.30 in Q1 2023, reflecting a growth of approximately 4.18%[20] - The total comprehensive income for Q1 2024 was ¥5,908,122.68, compared to ¥5,664,452.37 in Q1 2023, reflecting an increase of approximately 4.31%[21] Cash Flow and Investments - The net cash flow from operating activities was negative at CNY -53,798,193.08, a decline of 305.85% compared to CNY 26,135,145.07 in the previous year[5] - The net cash flow from operating activities for Q1 2024 was negative at -¥53,798,193.08, a decline from a positive cash flow of ¥26,135,145.07 in Q1 2023[24] - The company reported a net cash outflow from investing activities of -¥30,302,009.23 in Q1 2024, compared to a net inflow of ¥43,308,649.42 in Q1 2023[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,653,895,738.39, reflecting a 0.27% increase from CNY 2,646,835,776.88 at the end of the previous year[5] - Current assets totaled CNY 2,168,132,093.52, a decrease from CNY 2,196,371,568.23 in the previous period, reflecting a decline of about 1.5%[16] - The company's total liabilities were CNY 565,267,384.90, down from CNY 568,094,330.83, showing a reduction of approximately 0.5%[17] - Cash and cash equivalents at the end of Q1 2024 were ¥1,072,934,669.42, down from ¥1,247,583,834.21 at the end of Q1 2023, a decrease of approximately 14.00%[24] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 17,905, with the largest shareholder holding 66.39% of the shares[12] - The total equity attributable to shareholders increased to CNY 2,088,628,353.49 from CNY 2,078,741,446.05, showing a growth of about 0.5%[17] Operational Highlights - The company's prepayments increased by 50.60% to CNY 9,624,422.86, primarily due to higher payments for raw materials[10] - Other income surged by 504.24% to CNY 1,117,228.20, mainly due to increased government subsidies[10] - The company reported a significant decrease in investment income, which fell by 112.46% to CNY -896.70, attributed to reduced financial product returns[10] - The inventory increased to CNY 297,044,952.39 from CNY 262,452,254.20, marking a rise of approximately 13.2%[16] - The company reported accounts receivable of CNY 471,400,705.76, down from CNY 513,211,621.26, indicating a decrease of approximately 8.1%[16] Accounting Standards - The company has adopted the new accounting standards effective from January 1, 2024, regarding the accounting treatment of sale and leaseback transactions, which had no significant impact on the financial statements for the current period[25][26] Other Information - The company has not disclosed any new product developments or market expansion strategies in the provided documents[14]
冠龙节能(301151) - 2024 Q1 - 季度财报