KCGJ(SH:600097)2024-04-26 08:11Financial Performance - The company's operating revenue for Q1 2024 reached ¥555,344,901.50, representing a year-on-year increase of 74.38%[3] - Net profit attributable to shareholders was ¥7,584,729.34, showing a significant increase of 1,910.72% compared to the same period last year[3] - Basic and diluted earnings per share both increased by 100% to ¥0.03 per share[3] - Total operating revenue for Q1 2024 reached ¥555,344,901.50, a significant increase of 74.4% compared to ¥318,473,285.42 in Q1 2023[17] - Gross profit for Q1 2024 was ¥14,175,982.87, compared to a gross profit of ¥-31,651,529.84 in Q1 2023, indicating a turnaround[17] - In Q1 2024, the company reported a net profit of CNY 14,768,068.05, a significant increase from CNY 3,396,109.53 in Q1 2023, representing a growth of approximately 335%[18] - Operating profit for Q1 2024 was CNY 14,876,407.46, compared to CNY 4,529,656.70 in the same period last year, indicating a year-over-year increase of about 228%[18] - The company reported a net profit margin improvement, with net profit for Q1 2024 showing a positive trend compared to the previous year[17] Cash Flow and Assets - The net cash flow from operating activities was ¥119,501,272.29, with no comparative data provided[3] - Cash and cash equivalents as of March 31, 2024, amounted to ¥585,870,471.53, an increase of 12.9% from ¥518,569,127.49 on December 31, 2023[12] - The company's cash flow from operating activities generated a net inflow of CNY 119,501,272.29, a turnaround from a net outflow of CNY 200,701,095.56 in Q1 2023[22] - Cash and cash equivalents at the end of Q1 2024 totaled CNY 585,870,471.53, an increase from CNY 389,169,090.15 at the end of Q1 2023[22] Shareholder Information - The top shareholder, Shanghai Ocean Fishing Co., Ltd., holds 42.26% of the shares, totaling 101,811,538 shares[7] - The total number of ordinary shareholders at the end of the reporting period was 14,022[7] Costs and Expenses - Total operating costs for Q1 2024 were ¥541,168,918.63, up 54.7% from ¥350,124,815.26 in Q1 2023[17] - The company incurred financial expenses of CNY 5,806,186.44 in Q1 2024, up from CNY 2,612,200.86 in Q1 2023, primarily due to increased interest expenses[18] - Research and development expenses for Q1 2024 were CNY 557,526.22, reflecting the company's commitment to innovation and new product development[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,334,542,600.35, a decrease of 2.01% from the previous year[3] - Total assets as of March 31, 2024, were ¥3,334,542,600.35, down from ¥3,402,941,792.06 at the end of 2023[14] - Total liabilities decreased to ¥1,045,371,821.40 from ¥1,108,550,643.61 at the end of 2023, reflecting a reduction of 5.7%[14] - Shareholders' equity as of March 31, 2024, was ¥2,289,170,778.95, slightly down from ¥2,294,391,148.45 at the end of 2023[15] - Inventory as of March 31, 2024, was ¥675,130,088.82, a decrease of 16.0% from ¥802,531,360.98 at the end of 2023[13] - Accounts receivable increased to ¥118,336,781.29 from ¥101,476,167.17, representing a growth of 16.6%[13] Comprehensive Income - The company reported a comprehensive income of CNY 5,472,325.44 in Q1 2024, compared to a loss of CNY 2,621,576.51 in Q1 2023[19] - Basic and diluted earnings per share for Q1 2024 were both CNY 0.03, compared to CNY 0.00 in Q1 2023, indicating a positive shift in profitability[19] - The company experienced a decrease in other comprehensive income, with a net loss of CNY 9,295,742.61 in Q1 2024, compared to a loss of CNY 6,017,686.04 in Q1 2023[19] Revenue Drivers - The increase in revenue was primarily driven by higher sales volumes in the fishing segment compared to the previous year[5] - Total revenue from sales and services received in Q1 2024 was CNY 634,297,049.75, up from CNY 244,244,144.97 in Q1 2023, marking an increase of approximately 160%[21]