Financial Performance - The company's revenue for Q1 2024 reached ¥409,172,769.41, representing a 26.36% increase compared to ¥323,819,322.71 in the same period last year[5] - Net profit attributable to shareholders was ¥19,280,826.69, up 13.86% from ¥16,933,705.52 year-on-year[5] - Basic and diluted earnings per share increased to ¥0.14, reflecting a 7.69% growth from ¥0.13 in the same quarter last year[5] - Total operating revenue for the current period reached ¥409,172,769.41, a 26.4% increase from ¥323,819,322.71 in the previous period[21] - Net profit for the current period was ¥14,701,344.34, a decrease of 16.3% compared to ¥17,553,807.08 in the previous period[22] - The company recorded a total profit of ¥19,299,871.41, a slight decrease from ¥22,511,508.40 in the previous period[22] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to -¥7,846,676.54, a 90.49% increase from -¥82,474,732.06 in the previous year[5] - The company reported a net cash outflow from operating activities of CNY -7,846,676.54, a 90.49% improvement compared to CNY -82,474,732.07 in the same period last year[12] - Cash received from tax refunds increased by 912.53% to CNY 2,377,427.29, reflecting the receipt of retained tax refunds[12] - Investment activities generated a net cash flow of -¥82,423,448.08, worsening from -¥67,084,700.72 in the previous period[24] - Financing activities resulted in a net cash flow of ¥67,216,574.50, down from ¥245,650,673.45 in the previous period[25] - The net increase in cash and cash equivalents was CNY -23,503,228.77, a decline of 124.47% compared to the previous year, primarily due to the absence of funds raised from issuing shares[12] Assets and Liabilities - Total assets as of March 31, 2024, were ¥2,059,158,831.60, a 2.97% increase from ¥1,999,706,854.42 at the end of the previous year[5] - The company's equity attributable to shareholders rose to ¥1,168,438,024.73, marking a 1.49% increase from ¥1,151,329,059.70 at the end of the last fiscal year[5] - The company's current assets decreased slightly to CNY 1,204,082,087.84 from CNY 1,211,415,003.14[18] - Total liabilities increased to CNY 864,132,989.08 from CNY 817,203,572.56, indicating a rise in financial obligations[19] - The company's total non-current liabilities increased by 140.16% to CNY 111,398,932.68, influenced by the acquisition-related loans[11] - Short-term borrowings rose to CNY 382,731,742.78 from CNY 339,699,559.84, suggesting increased leverage[19] Operational Highlights - The accounts receivable increased by 44.01% to ¥10,563,168.95, driven by revenue growth and improved customer payments[10] - The construction in progress surged by 43.32% to ¥202,108,030.05 due to new factory construction and equipment upgrades[10] - The company reported a significant increase in financial assets, with accounts receivable financing rising by 179.64% to ¥7,925,587.95[10] - Sales expenses surged by 216.75% to CNY 6,887,208.80, primarily due to the expansion of the new energy business[11] - Financial expenses rose by 162.02% to CNY 3,763,369.17, mainly attributed to interest payments on loans[11] - Inventory levels rose to CNY 428,214,223.44 from CNY 411,853,720.02, reflecting potential growth in production or sales[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 24,451, with the top ten shareholders holding significant stakes[14] - The company's equity attributable to shareholders increased to CNY 1,168,438,024.73 from CNY 1,151,329,059.70, showing a positive trend in retained earnings[20] - The company reported a decrease in other payables from CNY 25,165,757.84 to CNY 2,577,642.48, indicating improved cash management[19] Future Outlook - The company plans to continue expanding its new energy business and investing in new production facilities to support growth[11] - The first quarter report is unaudited[26] - The new accounting standards will be implemented starting in 2024[26] - The financial statement adjustments related to the first year of implementation will be disclosed[26] - The board of directors of Tianjin Jinrong Tianyu Precision Machinery Co., Ltd. issued the report on April 26, 2024[26]
津荣天宇(300988) - 2024 Q1 - 季度财报