Financial Performance - Operating revenue increased by 15.71% to CNY 174,762,112.99 for the first quarter of 2024 compared to the same period last year[11] - Net profit attributable to shareholders increased by 48.04% to CNY 17,828,635.60 year-on-year[11] - Net profit for Q1 2024 reached CNY 17,999,469.01, a 50.1% increase from CNY 11,993,591.83 in Q1 2023[36] - Basic and diluted earnings per share for Q1 2024 were CNY 0.1652, compared to CNY 0.1276 in Q1 2023, reflecting a 29.5% increase[37] - Total profit for Q1 2024 was CNY 21,274,219.30, up from CNY 14,135,433.92 in Q1 2023, reflecting a 50.7% increase[36] - The total comprehensive income for Q1 2024 was CNY 17,999,469.01, compared to CNY 11,993,591.83 in Q1 2023, indicating a growth of 50.1%[37] Cash Flow - Net cash flow from operating activities improved by 213.57% to CNY 9,974,663.12 compared to the same period last year[11] - Cash inflow from operating activities in Q1 2024 was CNY 155,310,421.78, significantly higher than CNY 65,159,852.57 in Q1 2023, marking a growth of 138.5%[38] - The net cash flow from operating activities for Q1 2024 was ¥9,604,643.87, a significant improvement compared to a net outflow of ¥9,201,090.47 in Q1 2023, representing a turnaround of approximately 204%[41] - Total cash inflow from operating activities reached ¥155,310,052.59 in Q1 2024, compared to ¥63,567,298.85 in Q1 2023, indicating an increase of about 144%[40] - The cash and cash equivalents at the end of Q1 2024 stood at ¥275,940,221.57, compared to ¥27,218,598.25 at the end of Q1 2023, marking an increase of about 914%[41] Assets and Liabilities - Total assets decreased by 6.68% to CNY 839,147,412.81 compared to the end of last year[11] - The total current assets decreased to CNY 691,654,500.41 from CNY 759,759,168.72, representing a reduction of about 8.95%[28] - The total liabilities decreased to CNY 345,325,587.53 from CNY 422,637,535.10, a reduction of approximately 18.3%[28] - Total liabilities as of March 31, 2024, were ¥345,546,311.53, down from ¥431,702,153.58 at the end of 2023, reflecting a reduction of approximately 20%[33] - The company's debt-to-asset ratio decreased to 41.15% from 47.00% at the end of last year[11] Accounts Receivable and Inventory - Accounts receivable increased by 95.26% to CNY 98,460,215.66 due to revenue growth and delayed collections[12] - Accounts receivable increased significantly to CNY 98,460,215.66 from CNY 50,425,385.57, marking an increase of about 95%[28] - Inventory decreased to ¥175,103,385.81 from ¥199,830,578.64, reflecting a reduction of approximately 12.4%[31] Tax and Expenses - The company reported a significant increase in tax expenses by 75.64% to CNY 1,730,284.40 due to increased VAT payable[13] - The company incurred a tax expense of CNY 3,274,750.29 in Q1 2024, compared to CNY 2,141,842.09 in Q1 2023, which is an increase of 53.0%[36] - Total operating costs for Q1 2024 were ¥152,707,126.58, up from ¥136,113,252.85 in Q1 2023, indicating an increase of about 12.2%[34] Research and Development - The company is focusing on research and development, with R&D expenses reported at ¥4,987,408.07 for Q1 2024, slightly up from ¥4,843,931.40 in Q1 2023[34] - Research and development expenses for Q1 2024 were CNY 4,987,408.07, slightly up from CNY 4,843,931.40 in Q1 2023[36] Shareholder Information - The total number of ordinary shareholders was 3,081 at the end of the reporting period[19] - Shareholders' equity increased to ¥490,646,696.79 as of March 31, 2024, compared to ¥473,258,848.79 at the end of 2023, showing a growth of about 3.7%[33] Compliance and Governance - The company has maintained compliance with all major transactions and disclosures as required[23] - The company has no significant litigation or arbitration matters reported during the period[23] - There were no external guarantees or loans provided during the reporting period[23] - The company has not engaged in any share buyback activities during the reporting period[23]
天力复合(873576) - 2024 Q1 - 季度财报