Financial Performance - The company's revenue for Q1 2024 was ¥160,959,229.91, representing an increase of 18.30% compared to ¥136,058,161.62 in the same period last year[5] - Net profit attributable to shareholders was ¥24,297,791.91, up 38.31% from ¥17,567,119.73 year-on-year[5] - The basic earnings per share (EPS) was ¥0.0718, reflecting a growth of 38.34% from ¥0.0519 in the same quarter last year[5] - Total operating revenue for Q1 2024 reached CNY 160,959,229.91, an increase of 18.2% compared to CNY 136,058,161.62 in Q1 2023[32] - Net profit for Q1 2024 was CNY 24,297,791.91, representing a significant increase of 38.3% from CNY 17,567,119.73 in Q1 2023[33] - Total comprehensive income for the first quarter of 2024 reached ¥21,864,854.77, an increase from ¥17,567,119.73 in the same period last year, representing a growth of approximately 24.9%[34] - Basic and diluted earnings per share for the first quarter were both ¥0.0718, compared to ¥0.0519 in the previous year, reflecting an increase of 38.5%[34] Cash Flow - The net cash flow from operating activities reached ¥47,389,850.36, a significant increase of 94.76% compared to ¥24,332,564.59 in the previous year[5] - Cash inflow from operating activities totaled ¥180,754,937.29, compared to ¥161,743,541.44 in the previous year, marking an increase of 11.8%[35] - Cash outflow from operating activities was ¥133,365,086.93, slightly down from ¥137,410,976.85 in the previous year, showing a decrease of 3.8%[35] - Net cash flow from investing activities was -¥147,528,690.37, a slight improvement from -¥148,342,239.15 in the previous year[36] - Total cash and cash equivalents at the end of the period were ¥285,233,764.78, down from ¥603,460,507.99 at the end of the previous year, a decrease of 52.8%[36] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,655,356,299.56, an increase of 1.85% from ¥1,625,366,608.82 at the end of the previous year[5] - The total assets of the company as of Q1 2024 amounted to CNY 1,655,356,299.56, up from CNY 1,625,366,608.82 at the end of the previous period[30] - Total liabilities increased to CNY 204,541,701.52 in Q1 2024, compared to CNY 196,611,729.26 in Q1 2023, indicating a growth of 4.7%[30] - The company's equity attributable to shareholders reached CNY 1,450,814,598.04, an increase from CNY 1,428,754,879.56 in the previous year[30] Operating Costs and Expenses - Total operating costs for Q1 2024 were CNY 137,298,363.31, up from CNY 121,004,491.88 in the same period last year, reflecting a growth of 13.5%[32] - Research and development expenses increased to CNY 12,714,847.23 in Q1 2024, compared to CNY 10,683,848.23 in Q1 2023, marking a rise of 19.0%[32] Shareholder Information - Total number of common shareholders at the end of the reporting period is 30,502[25] - The largest shareholder, Shanghai Shenhe Investment, holds 50.24% of shares, totaling 170,000,000 shares[25] Other Financial Metrics - The company reported a 59.49% increase in net profit after deducting non-recurring gains and losses, amounting to ¥17,989,650.50 compared to ¥11,279,183.26 in the previous year[5] - The gross profit margin for Q1 2024 was approximately 14.0%, compared to 10.9% in Q1 2023, indicating improved profitability[32] - The company reported a decrease in other comprehensive income, with a net loss of CNY 2,432,937.14 in Q1 2024[33] Changes in Financial Position - The company experienced a 75.67% increase in prepayments, primarily due to increased advance payments for materials[11] - The fair value change gain increased by ¥1,748,374.07 compared to the same period last year, attributed to changes in the fair value of trading financial assets[17] - The company reported a 114.97% increase in taxes and surcharges, mainly due to an increase in value-added tax payable during the reporting period[16] - The company’s other cash receipts related to operating activities decreased by 59.25%, primarily due to a reduction in government subsidies received[18] Asset Composition - The company reported a total current asset of 880,055,002.01 CNY at the end of Q1 2024, compared to 855,654,699.51 CNY at the beginning of the period, reflecting an increase[28] - Cash and cash equivalents decreased from 393,203,654.25 CNY to 289,653,414.73 CNY, a decline of approximately 26.4%[28] - Trading financial assets increased from 199,156,331.41 CNY to 316,526,187.71 CNY, representing a growth of about 58.9%[28] - Accounts receivable rose from 165,727,042.81 CNY to 170,781,584.11 CNY, an increase of approximately 3.1%[28] - Inventory decreased from 82,457,524.97 CNY to 75,484,535.24 CNY, a decline of about 8.5%[28] - The company has a total of 62,692,316.65 CNY in other debt investments, slightly up from 62,143,416.66 CNY[28] - The fixed assets decreased from 530,190,418.39 CNY to 522,363,865.56 CNY, a reduction of about 1.5%[28] - The company has ongoing construction projects valued at 91,328,254.27 CNY, up from 84,359,727.86 CNY, indicating a growth of approximately 8.5%[28] Reporting and Compliance - The first quarter report was not audited, indicating that the figures are preliminary and subject to change[37] - The company is implementing new accounting standards starting in 2024, which may affect future financial reporting[37]
富乐德(301297) - 2024 Q1 - 季度财报