Financial Performance - The company's operating revenue for Q1 2024 was CNY 32,441,266.52, representing a year-on-year increase of 10.21%[5] - The net profit attributable to shareholders for the same period was CNY 2,537,663.66, reflecting a growth of 25.63% compared to the previous year[5] - Operating revenue for Q1 2024 was CNY 32,441,266.52, up from CNY 29,435,798.46 in Q1 2023, representing an increase of about 6.8%[17] - The net profit for Q1 2024 was CNY 2,537,663.66, compared to CNY 2,020,023.05 in Q1 2023, indicating a growth of approximately 25.6%[18] - The basic earnings per share remained at CNY 0.003, with a slight increase in the weighted average return on equity by 0.04 percentage points to 0.50%[5] - The company reported a basic earnings per share of CNY 0.003 for Q1 2024, unchanged from Q1 2023[18] Cash Flow - The net cash flow from operating activities surged by 156.62% to CNY 31,712,550.37, primarily due to the resolution of a legal case that released previously frozen bank deposits[5][7] - Cash flow from operating activities in Q1 2024 was CNY 22,589,145.51, down from CNY 26,925,587.87 in Q1 2023, reflecting a decrease of approximately 16.2%[20] - The net cash flow from operating activities for Q1 2024 was $31,712,550.37, an increase of 156.5% compared to $12,357,605.36 in Q1 2023[21] - Total cash inflow from operating activities was $51,971,033.32, while cash outflow was $20,258,482.95, resulting in a net increase of $31,712,550.37[21] - The company reported cash outflow from investment activities of $2,581,058.12, compared to $4,251,462.18 in the previous year, indicating a reduction of 39.4%[21] - The net cash flow from financing activities was negative at -$99,720.00, with no cash inflow reported[21] - The total cash inflow from operating activities was significantly higher than the cash outflow, demonstrating strong operational performance[21] Assets and Liabilities - The total assets at the end of Q1 2024 amounted to CNY 553,313,786.81, a slight increase of 0.99% from the end of the previous year[6] - The company's total assets as of March 31, 2024, amounted to CNY 553,313,786.81, an increase from CNY 547,905,706.46 as of December 31, 2023, reflecting a growth of approximately 1.4%[14] - The total liabilities decreased from CNY 39,252,157.06 as of December 31, 2023, to CNY 29,997,234.26 as of March 31, 2024, a reduction of about 23.5%[15] - The company's total current assets as of March 31, 2024, were CNY 456,847,934.12, slightly up from CNY 455,647,298.98 as of December 31, 2023[14] - The total equity of the company as of March 31, 2024, was CNY 523,316,552.55, an increase from CNY 508,653,549.40 as of December 31, 2023[15] - The equity attributable to shareholders increased by 2.88% to CNY 523,316,552.55 compared to the end of the last fiscal year[6] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 20,719[9] - The top shareholder, Liuzhou Yuantong Investment Development Co., Ltd., holds 25.22% of the shares, totaling 201,452,434 shares[10] - There were no significant changes in the top ten shareholders or their shareholding status compared to the previous period[11] Research and Development - The company's research and development expenses for Q1 2024 were CNY 879,950.55, compared to CNY 1,877,302.29 in Q1 2023, indicating a significant reduction in R&D spending[17] Non-Recurring Gains - The company recognized non-recurring gains of CNY 2,424.33 during the quarter, primarily from government subsidies related to its normal business operations[7] Accounting Standards - The company did not apply new accounting standards for the first quarter of 2024, maintaining consistency in financial reporting[22]
柳化股份(600423) - 2024 Q1 - 季度财报