Financial Performance - Operating revenue for Q1 2024 was CNY 607,729,165.58, reflecting a 2.28% increase from CNY 594,172,996.34 in Q1 2023[11] - Net profit attributable to shareholders rose by 3.26% to CNY 21,184,145.42, up from CNY 20,516,096.26 year-over-year[11] - Total operating revenue for Q1 2024 reached ¥607,729,165.58, an increase of 2.6% compared to ¥594,172,996.34 in Q1 2023[37] - Net profit for Q1 2024 was ¥21,184,145.42, representing a 3.2% increase from ¥20,516,096.26 in Q1 2023[38] - The company’s total profit for Q1 2024 was ¥24,851,112.17, up from ¥24,065,009.30 in Q1 2023, reflecting a growth of 3.3%[38] Cash Flow - The net cash flow from operating activities significantly improved by 155.93%, reaching CNY 50,965,480.27 compared to a negative CNY 91,131,121.16 in the same period last year[11] - Cash flow from operating activities increased significantly to ¥654,328,439.63 in Q1 2024, compared to ¥514,356,188.51 in Q1 2023, a rise of 27.2%[42] - Operating cash inflow totaled ¥667,801,447.66, an increase from ¥519,221,441.10 in the previous period, representing a growth of approximately 28.6%[43] - Net cash flow from operating activities was ¥50,965,480.27, a significant recovery from a negative cash flow of ¥91,131,121.16 in the previous period[43] Assets and Liabilities - Total assets increased by 3.96% to CNY 2,410,527,370.17 as of March 31, 2024, compared to CNY 2,318,735,456.84 at the end of 2023[11] - The company reported a total of 1,937,128,695.98 CNY in current assets as of March 31, 2024, an increase from 1,847,319,744.04 CNY as of December 31, 2023, representing a growth of approximately 4.83%[30] - The company's debt-to-asset ratio (consolidated) was 54.90%, slightly up from 54.02% at the end of 2023[11] - Non-current liabilities decreased to ¥58,224,703.03 from ¥172,106,801.25, indicating a reduction of about 66.1%[35] - Current liabilities rose to ¥1,265,059,119.94, compared to ¥1,080,569,253.81, marking an increase of approximately 17.1%[32] Shareholder Information - The total number of ordinary shareholders was 11,151 as of the report date[18] - The total number of shares held by the top ten shareholders is 135,747,873, representing 65.26% of the total shares[20] - The largest shareholder, Ningbo Beilun Toma Investment Co., Ltd., holds 41,769,000 shares, accounting for 20.08% of the total shares[20] - There were no significant changes in the shareholding structure, with no pledges or judicial freezes reported for shareholders[21] Expenses - Total operating costs increased to ¥587,554,374.38 in Q1 2024, up from ¥565,392,814.37 in Q1 2023, reflecting a rise of 3.0%[37] - Research and development expenses rose to ¥21,841,112.02 in Q1 2024, compared to ¥20,021,198.98 in Q1 2023, marking an increase of 9.1%[38] - The company’s sales expenses were reported at ¥17,864,760.70 in Q1 2024, slightly higher than ¥17,748,484.75 in Q1 2023, indicating a marginal increase of 0.7%[37] Other Financial Metrics - Financial expenses decreased by 33.13% to CNY 6,256,100.69, primarily due to lower bank loan interest rates[13] - Non-recurring gains and losses for the period totaled CNY 721,464.68 after tax[15] - The basic and diluted earnings per share remained stable at ¥0.10 for both Q1 2024 and Q1 2023[39] - The company reported a decrease in credit impairment losses to -¥2,269,408.99 in Q1 2024 from -¥5,377,192.21 in Q1 2023, showing an improvement in credit quality[38] Investment Activities - Total cash outflow for investment activities was ¥7,230,647.48, compared to ¥13,644,480.49 in the previous period, showing a decrease of approximately 47.1%[45]
球冠电缆(834682) - 2024 Q1 - 季度财报