Financial Performance - Operating revenue for Q1 2024 reached CNY 71,399,610.01, representing a 24.58% increase from CNY 57,312,887.66 in Q1 2023[11] - Net profit attributable to shareholders surged by 441.71% to CNY 6,801,081.08, up from CNY 1,255,490.52 in the same period last year[11] - The company reported a total comprehensive income for Q1 2024 of CNY 6,801,081.08, a substantial rise from CNY 1,255,490.52 in Q1 2023[35] - Operating profit for Q1 2024 was CNY 7,110,283.46, a substantial increase from CNY 2,957,053.42 in Q1 2023[38] - Total operating costs for Q1 2024 were CNY 65,441,876.89, up 14.5% from CNY 57,166,104.10 in Q1 2023[34] Cash Flow - The company reported a significant increase in cash flow from operating activities, with a net cash flow of CNY 13,471,346.84, a 285.43% improvement compared to a negative cash flow of CNY -7,265,114.53 in Q1 2023[11] - Cash and cash equivalents at the end of Q1 2024 amounted to CNY 35,943,867.55, up from CNY 18,638,488.63 at the end of Q1 2023[40] - The net cash flow from operating activities was $4,924,834.56, a significant increase compared to $408,116.11 from the previous period[44] - The net cash flow from financing activities was $14,920,835.13, improving from -$2,101,171.24 in the last period[44] - The ending balance of cash and cash equivalents was $24,749,621.44, up from $18,207,294.81 previously[44] Assets and Liabilities - Total assets increased by 3.03% to CNY 515,305,171.15 as of March 31, 2024, compared to CNY 500,170,681.69 at the end of 2023[11] - Total current assets increased to CNY 201,987,666.53 as of March 31, 2024, up from CNY 183,501,659.10 on December 31, 2023, representing a growth of approximately 10.1%[28] - Total liabilities increased to CNY 183,509,331.93 from CNY 175,001,611.62, indicating a rise of about 4.3%[30] - Total equity attributable to shareholders rose to CNY 331,795,839.22 from CNY 325,169,070.07, showing an increase of about 2.0%[30] - Total non-current assets decreased slightly to CNY 313,317,504.62 from CNY 316,669,022.59, reflecting a decline of approximately 1.1%[29] Shareholder Information - The total number of ordinary shareholders was reported at 3,367 as of the end of the reporting period[16] - The largest shareholder, Huai'an Haoxin Hydraulic Co., Ltd., holds 14,000,000 shares, representing 28.72% of total shares[17] - The second largest shareholder, Ma Jinxing, holds 7,493,717 shares, accounting for 15.37% of total shares[17] - The total number of shares held by the top ten shareholders is 38,410,165, which is 78.85% of the total shares[18] - There are no pledged or judicially frozen shares among the top ten shareholders[19] Research and Development - Research and development expenses rose by 45.14% to CNY 2,943,060.88, reflecting the company's commitment to increasing R&D investment[12] - Research and development expenses for Q1 2024 were CNY 2,943,060.88, up from CNY 2,027,671.80 in Q1 2023, indicating a 45.2% increase[34] - Research and development expenses increased to CNY 2,637,339.09 in Q1 2024, up from CNY 1,709,883.00 in Q1 2023, reflecting a focus on innovation[38] Borrowings and Financial Commitments - Short-term borrowings increased by 48.47% to CNY 45,973,222.22, primarily due to additional bank loans taken during the period[12] - The company has pledged assets for bank loans, including real estate located in Huai'an Economic and Technological Development Zone[23] - The company has not engaged in any external guarantees or loans during the reporting period[21] - The company has approved daily related transactions for 2024, which were disclosed on March 8, 2024[22] Other Financial Information - The company reported a credit impairment loss of CNY 306,554.43 in Q1 2024, compared to CNY 276,576.27 in Q1 2023[35] - The company experienced a 66.07% rise in management expenses, totaling CNY 4,280,606.20, mainly due to increased intermediary service fees related to government subsidy projects[12] - The company has not reported any litigation or arbitration matters during the reporting period[21] - There are no significant related party transactions outside of the approved daily transactions[21]
威博液压(871245) - 2024 Q1 - 季度财报