巨力索具(002342) - 2024 Q1 - 季度财报

Revenue and Profitability - Revenue for Q1 2024 was CNY 434,014,702.86, a decrease of 8.34% compared to CNY 473,527,619.73 in the same period last year[7] - Net profit attributable to shareholders increased by 80.07% to CNY 3,665,681.79 from CNY 2,035,754.65 year-on-year[7] - Basic earnings per share rose by 80.95% to CNY 0.0038 from CNY 0.0021 in the previous year[7] - Net profit for Q1 2024 reached CNY 3,665,681.79, an increase of 80.25% compared to CNY 2,035,754.65 in Q1 2023[21] - The company reported a gross profit margin of approximately 20.5% for Q1 2024, compared to 18.0% in Q1 2023[21] - Earnings per share for Q1 2024 were CNY 0.0038, compared to 0.0021 in Q1 2023, reflecting an increase of 80.95%[21] - The diluted earnings per share for the current period is 0.0038, compared to 0.0021 in the previous period[23] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -146,580,957.86, slightly worse than CNY -145,009,801.69 in Q1 2023, a decrease of 1.08%[7] - Cash inflow from operating activities totaled ¥373,421,562.03, an increase from ¥358,522,395.56 in the previous period, representing a growth of approximately 4.9%[23] - Cash outflow from investing activities was ¥62,267,905.73, compared to ¥77,035,873.33 in the previous period, indicating a decrease of approximately 19.2%[23] - The net cash flow from financing activities was ¥162,054,700.38, down from ¥254,152,102.08 in the previous period, a decline of about 36.2%[25] - The total cash and cash equivalents at the end of the period amounted to ¥427,538,000.17, compared to ¥368,500,896.93 in the previous period, reflecting an increase of approximately 16%[25] - As of March 31, 2024, the company's cash and cash equivalents amounted to CNY 514.47 million, a decrease from CNY 524.04 million at the beginning of the period[16] - The company's cash and cash equivalents increased to CNY 678,909,993.65 from CNY 607,958,269.15, marking an increase of 11.43%[18] Assets and Liabilities - Total assets increased by 1.72% to CNY 4,859,126,302.37 from CNY 4,777,081,665.42 at the end of the previous year[7] - Current liabilities totaled CNY 1,955,907,687.21, an increase of 1.53% from CNY 1,926,019,371.72 in the previous year[18] - The company’s total equity attributable to shareholders increased by 0.16% to CNY 2,480,309,096.85 from CNY 2,476,275,768.19 at the end of the previous year[7] - The total equity attributable to shareholders of the parent company was CNY 2,480,309,096.85, slightly up from CNY 2,476,275,768.19 in the previous year[18] Research and Development - Research and development expenses increased by 43.36% to CNY 1,228,022.73 from CNY 856,591.54 in the same period last year[10] - Research and development expenses for Q1 2024 were CNY 1,228,022.73, up from CNY 856,591.54 in Q1 2023, indicating a growth of 43.38%[21] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 76,518[11] - The company’s major shareholders include Juyi Group, which holds 192.32 million shares, representing a significant portion of the company's equity[12] Investment and Projects - The company plans to invest in a project to produce 50,000 tons of high-end steel wire ropes and associated rigging, with a total estimated investment of CNY 356.83 million, including CNY 331.28 million for construction and CNY 20.55 million for working capital[13] - The company’s subsidiary in Henan is being developed into a specialized and large-scale steel wire and wire rope industrial base[13] - The company will provide a guarantee of CNY 100 million for its wholly-owned subsidiary's financing, which represents 4.02% of the company's audited net assets for 2022[14] Other Financial Metrics - Total operating revenue for Q1 2024 was CNY 434,014,702.86, a decrease of 8.34% compared to CNY 473,527,619.73 in Q1 2023[20] - Total operating costs for Q1 2024 were CNY 441,118,586.86, down from CNY 473,098,356.96 in the same period last year, reflecting a decrease of 6.77%[20] - The cash flow from investing activities improved by 32.15%, with a net cash outflow of CNY -51,414,031.23 compared to CNY -75,778,384.33 in Q1 2023[10] - Accounts receivable decreased to CNY 1.13 billion from CNY 1.19 billion at the beginning of the period, indicating a reduction of approximately 5.5%[16] - Prepayments increased to CNY 151.33 million from CNY 112.71 million, reflecting an increase of approximately 34.3%[16] - Other receivables rose to CNY 120.86 million from CNY 92.04 million, marking an increase of approximately 31.3%[16] - The company’s total current assets include trading financial assets of CNY 10.27 million, unchanged from the previous period[16] Audit Status - The company has not yet audited the first quarter report for 2024[26]