浙江众成(002522) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥377,993,077.84, a decrease of 5.25% compared to ¥398,951,717.68 in the same period last year[5] - Net profit attributable to shareholders was ¥16,671,505.95, down 28.92% from ¥23,453,452.80 year-on-year[5] - The net profit for the period was ¥3,028,565.72, a decline of 83.58% compared to ¥18,440,957.40 in the previous year, primarily due to increased losses in the subsidiary's business[11] - Total operating revenue for Q1 2024 was CNY 377,993,077.84, a decrease of 5.4% compared to CNY 398,951,717.68 in Q1 2023[22] - Net profit for Q1 2024 was CNY 3,028,565.72, a significant decline of 83.7% from CNY 18,440,957.40 in Q1 2023[24] - The company reported a decrease in gross profit margin, with operating profit for Q1 2024 at CNY 9,087,322.09, down 59.1% from CNY 22,219,414.40 in Q1 2023[23] - Earnings per share for Q1 2024 were CNY 0.02, compared to CNY 0.03 in Q1 2023, reflecting a 33.3% decrease[24] - The company recorded a total comprehensive income of CNY 3,221,852.44 for Q1 2024, down from CNY 17,133,435.31 in the previous year[24] Cash Flow and Assets - The net cash flow from operating activities increased significantly to ¥27,252,148.49, compared to a negative cash flow of ¥2,856,965.38 in the previous year, representing a growth of 1,053.88%[11] - The net cash flow from operating activities for Q1 2024 was CNY 27,252,148.49, recovering from a negative cash flow of CNY -2,856,965.38 in Q1 2023[27] - Cash inflow from operating activities totaled CNY 401,499,276.58, a decrease of 7.0% from CNY 431,920,417.48 in Q1 2023[27] - The net cash flow from investment activities was 13,003,564.31, compared to -4,275,990.22 in the previous year[28] - The total cash inflow from financing activities was 322,423,500.00, down from 537,091,042.22 year-over-year[28] - The net cash flow from financing activities was 7,800,321.29, a significant improvement from -27,748,784.84 in the previous year[28] - The cash and cash equivalents at the end of the period totaled 558,512,559.11, compared to 330,372,181.41 in the previous year[28] - The company experienced a net increase in cash and cash equivalents of 48,216,166.28, contrasting with a decrease of 35,212,018.69 in the previous year[28] - The cash outflow from investment activities amounted to 21,009,520.19, compared to 141,337,323.29 in the previous year[28] - The company received cash from borrowings totaling 199,900,000.00, down from 339,091,042.22 year-over-year[28] - The cash outflow for debt repayment was 196,900,000.00, compared to 376,964,388.72 in the previous year[28] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥3,630,313,023.53, a decrease of 1.06% from ¥3,669,172,847.36 at the end of the previous year[5] - As of March 31, 2024, the total assets of Zhejiang Zhongcheng Packaging Materials Co., Ltd. amounted to CNY 3,630,313,023.53, a decrease from CNY 3,669,172,847.36 at the end of the previous period[18] - The company's cash and cash equivalents increased to CNY 798,896,953.62 from CNY 762,689,535.53, reflecting a growth of approximately 4.1%[18] - Accounts receivable stood at CNY 122,293,020.37, slightly up from CNY 121,538,972.63, indicating a marginal increase of about 0.6%[18] - Inventory decreased to CNY 543,506,115.43 from CNY 624,660,769.55, representing a decline of approximately 13.0%[18] - Total current liabilities decreased to CNY 1,043,527,327.94 from CNY 1,085,904,723.78, a reduction of about 3.9%[19] - The company's long-term investments were reported at CNY 73,057,213.43, down from CNY 73,842,622.47, reflecting a decrease of approximately 1.1%[18] - The total non-current assets increased to CNY 2,108,896,534.71 from CNY 2,067,745,246.38, showing an increase of about 2.0%[19] - The company reported a total of CNY 1,448,161,918.21 in fixed assets, down from CNY 1,484,792,706.23, indicating a decrease of approximately 2.5%[18] - The company’s total liabilities decreased to CNY 1,318,813,406.71 from CNY 1,361,855,301.39, indicating a reduction of 3.2%[23] - Total equity increased slightly to CNY 2,311,499,616.82 from CNY 2,307,317,545.97, reflecting a growth of 0.2%[23] Operational Changes - The company's basic earnings per share decreased by 33.33% to ¥0.02 from ¥0.03 in the same period last year[5] - The weighted average return on equity was 0.74%, down from 1.08% year-on-year, reflecting a decline of 0.34%[5] - Sales expenses increased by 28.54% to ¥7,496,398.12, as the company intensified its market expansion efforts[10] - The company experienced a 94.25% decrease in other income, which fell to ¥89,797.53 from ¥1,560,410.86, indicating reduced compensation and other income sources[11] - The company's board of directors and supervisory board have extended their terms to ensure continuity, with new candidates being prepared for selection[15] Accounting and Auditing - The company did not undergo an audit for the first quarter report[29] - The new accounting standards were first implemented in 2024, affecting the financial statements[30]