Financial Performance - Net profit attributable to shareholders rose by 37.56% to CNY 9,541,136.84 for the first quarter of 2024[10] - Operating revenue for the first quarter of 2024 was CNY 133,781,742.15, reflecting a 12.87% increase year-on-year[10] - Net profit increased by 37.56% to 9,541,136.84 million yuan, driven by a rise in operating income and gross margin[13] - Operating profit rose by 32.49% to 13,260,710.53 million yuan[13] - Total operating revenue for Q1 2024 reached ¥133,781,742.15, an increase of 12.8% compared to ¥118,530,276.99 in Q1 2023[39] - Net profit for Q1 2024 was ¥9,541,136.84, representing a 37.5% increase from ¥6,935,822.59 in Q1 2023[40] - Operating profit for Q1 2024 was ¥13,260,710.53, up 32.5% from ¥10,009,172.63 in Q1 2023[40] Assets and Liabilities - Total assets increased by 10.59% to CNY 493,893,326.59 compared to the end of last year[10] - Total assets increased to CNY 493,893,326.59, up from CNY 446,590,863.50, representing an increase of approximately 10.5% year-over-year[34] - Total liabilities rose to CNY 151,859,707.06, compared to CNY 114,093,997.12, reflecting a growth of about 33.1%[35] - Current liabilities totaled CNY 140,567,207.23, an increase from CNY 102,873,952.27, marking a rise of approximately 36.6%[34] - Non-current liabilities amounted to CNY 11,292,499.83, slightly up from CNY 11,220,044.85, indicating a marginal increase of about 0.6%[35] - Shareholders' equity reached CNY 342,033,619.53, up from CNY 332,496,866.38, showing an increase of approximately 2.3%[35] Cash Flow - The company's cash flow from operating activities decreased by 36.36% to CNY 6,399,785.51[10] - Cash flow from operating activities decreased by 36.36% to 6,399,785.51 million yuan, primarily due to increased payments to employees[13] - Cash flow from investing activities decreased by 49.86% to -324,222.07 million yuan, mainly due to reduced purchases of fixed assets[13] - Cash flow from financing activities surged by 1104.31% to 30,955,965.41 million yuan, attributed to new bank loans of 32 million yuan[13] - The total cash and cash equivalents at the end of Q1 2024 amounted to CNY 253,946,005.42, a decrease from CNY 265,965,775.64 at the end of Q1 2023[45] - The company reported a cash inflow from financing activities of CNY 30,955,965.41 in Q1 2024, compared to a cash outflow of CNY 3,082,304.56 in Q1 2023[45] Accounts Receivable and Impairment - Accounts receivable increased by 71.91%, primarily due to the cancellation of bank factoring for LG SOURCING INC[11] - Credit impairment losses increased by 81.35% to CNY -1,018,649.21, linked to the increase in accounts receivable[12] - Accounts receivable rose to ¥59,184,521.07 from ¥34,426,806.34, indicating an increase of about 71.8%[32] - The company reported a credit impairment loss of ¥1,018,649.21 in Q1 2024, compared to a loss of ¥561,690.00 in Q1 2023, indicating increased credit risk[40] Shareholder Information - The total number of shares outstanding remained at 69,613,044, with 63.20% being unrestricted shares[18] - Major shareholders include Huang Huachao with 30.89% and Cai Xiuying with 14.59% of the shares[18] Other Financial Metrics - The weighted average return on equity increased to 2.84% from 2.06% year-on-year[10] - Investment income increased by 108.06% to CNY 27,330.11, driven by gains from forward foreign exchange settlements[12] - The company reported a significant increase in other income, with operating income rising by 345.68% to 17,782.29 million yuan[13] - Total non-recurring gains and losses amounted to 391,054.04 million yuan after tax[15] - The company has no outstanding litigation or arbitration matters during the reporting period[22] - The company has fulfilled all disclosed commitments without any overdue items[26] - The company has received guarantees from its controlling shareholder amounting to ¥27,500,000 and additional amounts in USD[24]
美之高(834765) - 2024 Q1 - 季度财报