兴业股份(603928) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 335,339,287.03, representing a decrease of 8.05% compared to the same period last year[4]. - The net profit attributable to shareholders was CNY 15,770,766.94, down 20.98% year-on-year[4]. - Basic and diluted earnings per share were both CNY 0.08, reflecting a decline of 20.00% compared to the previous year[4]. - In Q1 2024, the company's net profit was CNY 15,770,766.94, a decrease of 20.98% compared to CNY 19,958,866.16 in Q1 2023[17]. - The operating profit for Q1 2024 was CNY 20,070,784.19, down from CNY 25,648,120.58 in the same period last year, reflecting a decline of 21.73%[17]. - The total revenue from sales of goods and services received in Q1 2024 was CNY 387,153,170.54, a decrease of 18.66% from CNY 476,318,230.66 in Q1 2023[20]. Cash Flow and Investments - The net cash flow from operating activities decreased significantly by 61.27%, primarily due to a reduction in cash received from sales[7]. - Cash flow from operating activities in Q1 2024 was CNY 38,054,332.16, a significant decrease of 61.24% from CNY 98,258,161.11 in Q1 2023[21]. - Total cash inflow from investment activities was CNY 50,763,874.80, compared to CNY 238,186,076.73 in Q1 2023, indicating a decline of 78.69%[21]. - The company reported a net cash outflow from investment activities of CNY 22,463,783.25 in Q1 2024, contrasting with a net inflow of CNY 44,715,831.07 in Q1 2023[21]. - The total cash and cash equivalents at the end of Q1 2024 were CNY 115,477,985.24, a decrease from CNY 133,843,726.64 at the end of Q1 2023[21]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,850,417,833.35, an increase of 0.64% from the end of the previous year[5]. - Total current assets as of March 31, 2024, amounted to ¥1,091,991,037.37, an increase of 1.12% from ¥1,074,868,051.12 at the end of 2023[13]. - Total assets reached ¥1,850,417,833.35 as of March 31, 2024, compared to ¥1,838,729,264.50 at the end of 2023, indicating a growth of 0.59%[15]. - Total liabilities decreased to ¥305,091,670.78 from ¥310,402,694.39, reflecting a reduction of 1.01%[14]. - Cash and cash equivalents increased to ¥118,619,775.25 from ¥104,432,403.13, representing a growth of 13.59%[12]. - Accounts receivable rose to ¥583,025,602.90, up from ¥574,382,495.95, indicating an increase of 1.27%[12]. - Inventory decreased to ¥81,187,782.95 from ¥88,157,629.88, a decline of 7.73%[12]. Profitability Metrics - Gross profit margin for Q1 2024 was approximately 4.99%, compared to 6.27% in Q1 2023[16]. - The company incurred a credit impairment loss of CNY -333,865.96 in Q1 2024, compared to CNY -441,833.53 in Q1 2023, showing an improvement of 24.48%[17]. Other Information - The company received government subsidies amounting to CNY 352,488.90 during the reporting period[6]. - Non-recurring gains and losses totaled CNY 702,513.78 after tax[6]. - The company did not report any new product developments or market expansion strategies during this quarter[11]. - The company did not report any net profit from subsidiaries prior to the merger in Q1 2024, consistent with the previous year[18].