ADD(SH:603089)2024-04-26 07:51Financial Performance - The company's operating revenue for Q1 2024 reached ¥421,461,355.73, representing a year-on-year increase of 41.98%[4] - The net profit attributable to shareholders was ¥15,482,233.22, with a significant increase in net profit excluding non-recurring gains and losses of 250.31% to ¥14,631,348.88[7] - The net cash flow from operating activities was ¥28,176,918.27, reflecting a 42.66% increase due to higher cash receipts from sales of goods and services[7] - Net profit for Q1 2024 was ¥20,355,042.24, a turnaround from a net loss of ¥10,828,984.86 in Q1 2023[20] - The total comprehensive income for Q1 2024 was 19,086,094.16 CNY, compared to a total comprehensive loss of 12,919,835.84 CNY in the same period last year[21] - The basic and diluted earnings per share were both ¥0.07, marking a 275.00% increase compared to the previous period[7] - The basic and diluted earnings per share for Q1 2024 were both 0.07 CNY, a recovery from a loss of 0.04 CNY per share in Q1 2023[21] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥2,822,803,075.65, a 2.50% increase compared to the end of the previous year[5] - Total assets as of March 31, 2024, amounted to ¥2,822,803,075.65, up from ¥2,753,830,944.17 at the end of 2023, reflecting an increase of approximately 2.5%[15] - Total liabilities increased to ¥1,496,377,826.38 from ¥1,446,495,003.63, representing a rise of about 3.5%[15] Cash Flow and Investments - The company's cash and cash equivalents decreased to ¥138,825,094.73 from ¥159,228,411.26 as of December 31, 2023, reflecting a decline of approximately 12.8%[13] - The company incurred a net cash outflow from investing activities of 120,140,916.78 CNY in Q1 2024, compared to a net outflow of 68,949,808.72 CNY in Q1 2023, indicating increased investment activity[24] - Cash and cash equivalents at the end of Q1 2024 stood at 87,371,679.11 CNY, down from 96,109,647.80 CNY at the beginning of the quarter, reflecting a net decrease of 8,737,968.69 CNY[25] - The company raised 164,000,000.00 CNY through borrowings in Q1 2024, compared to 122,504,600.00 CNY in Q1 2023, showing a 33.9% increase in financing activities[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,227[9] - Zhejiang Zhengyu Investment Co., Ltd. held 44.02% of the shares, with 35,942,796 shares pledged[10] Research and Development - The company reported R&D expenses of ¥21,237,117.20 for Q1 2024, up from ¥15,530,092.29 in Q1 2023, indicating an increase of approximately 36.6%[20] Government Support and Taxation - The company received government subsidies amounting to ¥2,569,729.27, which positively impacted the financial results[6] - The company received tax refunds amounting to 33,784,881.12 CNY in Q1 2024, compared to 19,819,259.22 CNY in Q1 2023, indicating improved tax recovery[24] Other Financial Metrics - The weighted average return on net assets was 1.33%[4] - The company reported a non-recurring loss from the disposal of non-current assets of ¥65,265.77[6] - Total operating costs for Q1 2024 were ¥382,074,652.04, compared to ¥292,337,583.78 in Q1 2023, indicating an increase of about 30.7%[20] - Sales revenue from goods and services received in Q1 2024 was 415,863,440.39 CNY, up from 354,906,926.61 CNY in Q1 2023, reflecting a growth of approximately 17.1%[23] - The impact of exchange rate changes on cash and cash equivalents was a positive 2,156,328.67 CNY in Q1 2024, contrasting with a negative impact of -2,092,159.04 CNY in Q1 2023[25] - Accounts receivable slightly decreased to ¥419,197,077.78 from ¥420,529,983.22, showing a marginal decline of about 0.3%[13] - Inventory increased to ¥493,940,530.34 from ¥457,042,818.55, marking an increase of approximately 8%[13] - Long-term equity investments rose to ¥9,446,420.09 from ¥4,604,826.04, indicating a growth of about 105.5%[14]