longda(SH:688231)2024-04-25 11:42Financial Performance - The company achieved operating revenue of CNY 316,538,860.90, representing a year-on-year increase of 30.54%[5] - The net profit attributable to shareholders was CNY 27,654,889.22, reflecting a growth of 7.15% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 15,473,571.76, an increase of 26.39% year-on-year[5] - The basic earnings per share (EPS) was CNY 0.11, up by 10.00% from the previous year[6] - Operating profit for Q1 2024 was ¥29,293,877.99, compared to ¥26,121,124.43 in Q1 2023, reflecting an 8.3% growth[21] - Net profit for Q1 2024 was ¥27,709,379.79, up from ¥25,810,465.10 in Q1 2023, indicating a 7.4% increase[22] - Earnings per share for Q1 2024 were ¥0.11, compared to ¥0.10 in Q1 2023, representing a 10% increase[22] - The total comprehensive income for Q1 2024 was ¥27,709,379.79, compared to ¥25,810,465.10 in Q1 2023, reflecting a 7.4% increase[22] Research and Development - Research and development (R&D) expenses totaled CNY 15,973,523.19, accounting for 5.05% of operating revenue, a decrease of 0.61 percentage points[6] - Research and development expenses for Q1 2024 were ¥15,973,523.19, compared to ¥13,733,030.41 in Q1 2023, marking a 16.0% increase[21] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of -CNY 35,768,119.52, which is not applicable for year-on-year comparison[5] - Cash flow from operating activities for Q1 2024 was negative at -¥35,768,119.52, an improvement from -¥68,366,905.25 in Q1 2023[26] - The net cash flow from investment activities was -139,152,880.24, compared to -294,171,761.49 in the previous period, indicating a significant reduction in cash outflow[27] - Cash inflow from financing activities totaled 108,227,511.31, down from 137,119,679.48, while cash outflow was 108,870,687.03, resulting in a net cash flow of -643,175.72, contrasting with a positive net cash flow of 136,239,106.18 previously[27] - The net increase in cash and cash equivalents was -175,312,489.58, compared to -226,739,980.10 in the prior period, reflecting improved cash management[27] - The ending balance of cash and cash equivalents was 111,943,412.51, down from 217,721,421.46, indicating a decrease in liquidity[27] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,372,247,585.97, a slight increase of 0.48% from the end of the previous year[6] - The company's current assets totaled CNY 1,577,146,872.99, compared to CNY 1,561,402,540.14 at the end of 2023, indicating an increase of about 1.01%[16] - The total liabilities of the company were CNY 1,020,000,000.00, reflecting a decrease from the previous period[17] - Total liabilities as of Q1 2024 amounted to ¥554,249,680.20, a decrease from ¥573,077,340.29 in the previous year[21] - The company reported a non-current asset total of CNY 1,795,100,712.98, slightly up from CNY 1,794,655,622.94, indicating a marginal increase[17] - The company's long-term borrowings increased to CNY 67,929,020.91 from CNY 54,612,230.36, an increase of approximately 24.23%[17] Market Strategy - The company plans to enhance its market presence in the global high-temperature alloy materials sector and improve production and sales volumes of high-temperature alloy products[7] - High-temperature alloy product revenue reached CNY 205,551,500, marking a significant increase of 43.75% year-on-year[6] Shareholder Activities - The company has not reported any significant changes in shareholder participation in margin trading or securities lending activities during the reporting period[15] Accounting Standards - The company did not apply new accounting standards for the first quarter of 2024, maintaining consistency in financial reporting[29]