LONGLI(SZ:300752)2024-04-25 11:31Financial Performance - The company's operating revenue for Q1 2024 was CNY 295,823,910.97, representing an increase of 89.63% compared to CNY 156,003,305.58 in the same period last year[4]. - The net profit attributable to shareholders was CNY 20,153,705.28, a significant turnaround from a loss of CNY 13,139,015.63, marking a growth of 253.39%[4]. - The basic earnings per share rose to CNY 0.09, up 250.00% from a loss of CNY 0.06 per share in the same quarter last year[4]. - The total comprehensive income for Q1 2024 was CNY 20,394,018.30, compared to a loss of CNY 14,303,255.52 in the same period last year[30]. - The company's operating profit for Q1 2024 was CNY 21,591,974.39, a significant improvement from an operating loss of CNY 17,257,545.65 in Q1 2023[29]. Cash Flow - The net cash flow from operating activities increased by 309.72% to CNY 199,162,982.18, compared to a negative cash flow of CNY 94,964,993.38 in the previous year[4]. - Cash inflow from operating activities was CNY 464,270,983.57, significantly up from CNY 220,092,038.16 in the previous year, marking an increase of approximately 110.8%[32]. - The net cash flow from investing activities was CNY -66,986,169.26, worsening from CNY -30,484,268.90 in Q1 2023[33]. - Cash outflow for investing activities totaled CNY 202,407,813.10, compared to CNY 30,992,768.90 in the previous year, indicating increased investment activity[33]. - Cash flow from financing activities resulted in a net outflow of CNY -25,808,525.77, compared to CNY -12,555,429.51 in the same period last year[33]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 1,779,430,917.32, a slight decrease of 0.67% from CNY 1,791,428,797.84 at the end of the previous year[4]. - Total liabilities decreased to CNY 679,601,685.94 in Q1 2024 from CNY 694,475,776.34 in Q4 2023, reflecting a reduction in financial obligations[26]. - The company's accounts receivable decreased to RMB 369,646,387.91 from RMB 433,170,640.81, reflecting a decline of about 14.8%[24]. - The company's long-term borrowings decreased by 100%, as they were reclassified as current liabilities due to their maturity within one year[9]. Investments and Expenses - Research and development expenses for Q1 2024 were CNY 16,569,047.07, an increase from CNY 15,563,468.80 in Q1 2023, indicating continued investment in innovation[29]. - The company reported a gross profit of CNY 18,750,041.46 for Q1 2024, compared to a gross loss of CNY 22,961,367.76 in Q1 2023[29]. - The company experienced a 1472.29% increase in credit impairment losses, attributed to an increase in accounts receivable[13]. Shareholder Activities - The company repurchased a total of 2,226,310 shares, accounting for 0.98% of the total share capital, as part of its share buyback program[17]. - Major shareholders Wu Xinli and Lv Xiaoxia collectively hold 97,279,811 shares, representing 42.75% of the total share capital[17]. - The company has disclosed multiple announcements regarding share repurchase progress and shareholder equity changes throughout early 2024, indicating active management of shareholder interests[19][20]. Other Observations - The company has not disclosed any new product developments or technological advancements in the current report[18]. - There is no indication of market expansion or mergers and acquisitions in the current financial report[18]. - The company has not provided specific future guidance or performance outlook in the available documents[18]. - The report does not mention any new strategic initiatives beyond the share repurchase and shareholder equity management[18]. - The company has not yet adopted the new accounting standards for the current year[34]. - The Q1 2024 report has not been audited[34].