银都股份(603277) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥631,389,991.41, representing a year-on-year increase of 5.60%[4] - Net profit attributable to shareholders for Q1 2024 was ¥164,559,370.17, showing a significant increase of 68.81% compared to the same period last year[4] - Basic earnings per share for Q1 2024 were ¥0.39, an increase of 62.50% compared to the previous year[4] - The diluted earnings per share also stood at ¥0.39, marking a 69.57% increase year-on-year[4] - The total comprehensive income amounted to approximately ¥136.43 million, compared to ¥89.48 million in the previous period, reflecting a year-over-year increase of 52.5%[46] Cash Flow - The net cash flow from operating activities was -¥57,146,366.42, reflecting a decrease of 135.27% year-on-year[4] - Cash flow from operating activities for Q1 2024 was negative at CNY -57,146,366.42, compared to a positive CNY 162,029,072.14 in Q1 2023[38] - The total cash inflow from investment activities in Q1 2024 was CNY 4,029,902.68, a decrease from CNY 60,412,098.47 in Q1 2023[38] - The net cash flow from investing activities was CNY -62,071,023.06, compared to CNY -12,688,546.67 in the previous period, indicating a significant increase in cash outflow[39] - The net cash flow from financing activities was CNY 194,920,880.90, a substantial rise from CNY 9,256,280.00 in the prior period, reflecting improved financing conditions[39] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥4,100,758,372.70, a 6.84% increase from the end of the previous year[21] - The total current assets increased to CNY 2,773,085,351.91 from CNY 2,515,280,275.99, marking a growth of approximately 10.3%[42] - The total liabilities increased to CNY 1,137,035,600.82 from CNY 1,013,069,458.30, reflecting a rise of about 12.3%[44] - The company's short-term borrowings rose to CNY 349,714,129.52 from CNY 157,617,818.81, indicating a significant increase in leverage[43] Expenses - Total operating costs for Q1 2024 were CNY 441,879,198.07, a decrease of 10.3% from CNY 492,688,826.20 in Q1 2023[34] - The company's financial expenses showed a significant improvement, with a net financial income of CNY -21,353,690.17 in Q1 2024 compared to CNY 1,577,465.44 in Q1 2023[34] - The company’s tax expenses for Q1 2024 were CNY 27,610,871.02, compared to CNY 8,394,028.03 in Q1 2023, reflecting higher profitability[34] - The company's sales expenses for Q1 2024 were CNY 83,205,578.48, slightly down from CNY 85,435,694.94 in Q1 2023, indicating cost control measures[34] Investment and R&D - Research and development expenses increased to CNY 12,602,679.89 in Q1 2024, up from CNY 11,267,847.27 in Q1 2023, indicating a focus on innovation[34] - The total investment income for Q1 2024 was CNY 4,010,972.58, an increase from CNY 2,977,054.80 in Q1 2023[34] Other Information - Non-recurring gains and losses included government subsidies of ¥444,600.00 and fair value changes of financial assets totaling ¥6,997,913.13[6] - The increase in net profit was primarily driven by a decrease in shipping costs and an improvement in gross margin due to sales growth[8] - The other comprehensive income attributable to the parent company was a loss of approximately ¥28.13 million, worsening from a loss of ¥8.00 million in the previous period[46] - The company did not report any net profit from the merged entity prior to the merger, with previous net profit also reported as zero[46] - The company is not applying new accounting standards or interpretations for the current financial year[51]