Financial Performance - The company's operating revenue for Q1 2024 was ¥379,622,224.78, representing a 3.35% increase compared to ¥367,308,522.54 in the same period last year[5] - Net profit attributable to shareholders increased by 14.15% to ¥6,394,658.61 from ¥5,601,952.64 year-on-year[5] - Basic and diluted earnings per share both rose by 33.33% to ¥0.04 from ¥0.03 in the same quarter last year[5] - The total operating revenue for Q1 2024 was CNY 379,622,224.78, an increase of 3.57% compared to CNY 367,308,522.54 in Q1 2023[16] - The net profit for Q1 2024 was CNY 6,394,658.61, representing a growth of 14.09% from CNY 5,601,952.64 in Q1 2023[17] - The total comprehensive income for the first quarter of 2024 was CNY 6,394,658.61, an increase from CNY 5,601,952.64 in the same period last year, representing a growth of approximately 14.1%[18] - Basic and diluted earnings per share for the first quarter were both CNY 0.04, up from CNY 0.03 in the previous year, indicating a 33.3% increase[18] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, with a net outflow of ¥11,788,027.70, a 64.14% reduction from a net outflow of ¥32,874,675.10 in the previous year[5] - Cash inflow from operating activities totaled CNY 399,277,343.51, compared to CNY 389,676,115.35 in the previous year, reflecting a growth of about 2.0%[21] - The net cash flow from operating activities was negative CNY 11,788,027.70, an improvement from negative CNY 32,874,675.10 in the same period last year[21] - Cash inflow from financing activities was CNY 163,594,594.16, significantly higher than CNY 80,600,000.00 in the previous year, marking an increase of 102.5%[21] - The net cash flow from financing activities was CNY 31,704,761.14, a decrease from CNY 37,075,902.66 in the previous year[21] - The ending balance of cash and cash equivalents was CNY 46,780,424.04, compared to CNY 55,115,022.55 at the end of the previous year[21] - The company reported cash outflows from operating activities totaling CNY 411,065,371.21, down from CNY 422,550,790.45 in the previous year[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,056,267,101.50, reflecting a 0.73% increase from ¥3,034,206,350.18 at the end of the previous year[5] - The total liabilities for Q1 2024 were CNY 1,960,440,188.53, which is a marginal increase from CNY 1,944,774,095.82 in Q1 2023[15] - The company’s long-term borrowings increased to CNY 271,725,500.00 from CNY 215,327,000.00, marking a rise of 26.23%[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 12,168[10] - The largest shareholder, Huzhou Dike Industrial Investment Co., Ltd., holds a 43.28% stake in the company[10] Operational Highlights - The company reported a significant increase in sales collections, which contributed to the improvement in cash flow from operating activities[8] - The total operating costs for Q1 2024 were CNY 384,846,535.67, up from CNY 363,847,027.22 in the same period last year, reflecting an increase of 5.73%[16] - Accounts receivable decreased to CNY 1,775,605,311.08 from CNY 1,852,033,639.85, indicating a reduction of approximately 4.14%[14] - The inventory level as of March 31, 2024, was CNY 262,529,904.48, down from CNY 271,891,408.56, reflecting a decrease of about 3.43%[14] Financial Expenses - The company reported a financial expense of CNY 10,289,885.02, which is significantly higher than CNY 4,590,741.20 in the previous year, indicating an increase of 123.93%[17] Other Information - The company received government subsidies amounting to ¥75,000 during the reporting period, contributing to its financial performance[6] - The company did not execute any mergers or acquisitions during the reporting period[22] - The first quarter report was not audited[22]
久盛电气(301082) - 2024 Q1 - 季度财报