Financial Performance - The company's operating revenue for Q1 2024 was ¥232,384,281.72, representing a 27.36% increase compared to ¥182,468,935.46 in the same period last year[4] - Net profit attributable to shareholders for Q1 2024 was ¥22,794,033.73, a 55.97% increase from ¥14,614,750.00 in Q1 2023[4] - The net profit after deducting non-recurring gains and losses was ¥22,499,293.77, reflecting a 61.34% increase from ¥13,945,101.65 in the previous year[4] - Basic and diluted earnings per share for Q1 2024 were both ¥0.2849, up 55.94% from ¥0.1827 in Q1 2023[4] - The company reported a significant increase in sales revenue, which was the main driver for the profit increase[7] - Total operating revenue for Q1 2024 reached ¥232,384,281.72, an increase of 27.4% compared to ¥182,468,935.46 in the same period last year[17] - The total operating profit for Q1 2024 was CNY 24,369,921.43, up from CNY 16,097,052.55 in the same period last year, indicating a growth of 51.5%[18] - The net profit for Q1 2024 was CNY 22,861,757.33, representing a 56.3% increase compared to CNY 14,605,866.20 in Q1 2023[18] Cash Flow and Assets - The net cash flow from operating activities decreased by 33.32% to ¥29,205,433.44 from ¥43,801,518.79 in the same period last year, primarily due to increased raw material purchases[4] - Cash and cash equivalents decreased to ¥430,724,273.50 from ¥530,994,781.40, a decline of 18.8%[15] - Accounts receivable decreased to ¥316,492,991.71 from ¥351,442,924.29, a reduction of 9.9%[15] - Total assets at the end of Q1 2024 were ¥1,585,157,102.64, down 5.39% from ¥1,675,470,799.44 at the end of the previous year[4] - Total liabilities decreased to ¥643,658,761.62 from ¥764,600,977.34, a reduction of 15.8%[16] - The company reported cash and cash equivalents at the end of Q1 2024 of CNY 427,927,247.10, compared to CNY 141,881,982.07 at the end of Q1 2023, an increase of 201.5%[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,296[9] - The actual controller of the company, Zhang Yi, holds 43.71% of the shares, controlling a total of 57.34% of the company's equity when including related parties[10] - The top ten shareholders collectively hold significant stakes, with the largest shareholder holding 43.71%[10] - The company has not disclosed any related party transactions beyond those involving the major shareholders[10] Capital Management - The company issued convertible bonds totaling RMB 350 million, with a face value of RMB 100 each, and the bonds began trading on July 18, 2023[11] - As of the end of Q1 2024, 4,259 convertible bonds had been converted, resulting in the issuance of 14,234 shares of stock[12] - The company plans to repurchase shares using between RMB 10 million and RMB 20 million, with a maximum repurchase price of RMB 38.30 per share[12] - The company has a total of 3,500,000 convertible bonds issued, with a maturity of six years from the issuance date[11] - The remaining face value of the convertible bonds as of March 29, 2024, is RMB 349.57 million[12] - The company has not yet implemented the share repurchase plan as of the report date[12] - The company is actively managing its capital structure through bond issuance and potential share repurchases[12] Expenses and Investments - Total operating costs for Q1 2024 were ¥208,744,735.33, up 27.8% from ¥163,167,223.08 in Q1 2023[17] - Research and development expenses increased to ¥11,135,805.53, a rise of 85.5% compared to ¥5,999,056.42 in the previous year[17] - The company incurred income tax expenses of CNY 1,498,164.10 in Q1 2024, slightly up from CNY 1,485,176.30 in Q1 2023[18] - The net cash flow from investing activities for Q1 2024 was -CNY 44,939,931.71, worsening from -CNY 34,532,887.41 in Q1 2023[21] - The net cash flow from financing activities for Q1 2024 was -CNY 68,312,000.00, compared to -CNY 22,094,273.53 in Q1 2023, indicating a significant increase in cash outflow[22] Future Outlook - The company plans to expand its market presence and invest in new technologies to drive future growth[17] - The company did not report any new product launches or significant market expansions during this quarter[23]
纽泰格(301229) - 2024 Q1 - 季度财报