xinyaqiang(SH:603155)2024-04-26 09:37Financial Performance - The company's operating revenue for Q1 2024 was CNY 188,550,966.65, representing a decrease of 16.83% compared to the same period last year[6]. - The net profit attributable to shareholders was CNY 33,261,190.33, down 39.41% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 26,628,487.47, a decline of 47.37% compared to the previous year[6]. - Basic and diluted earnings per share were both CNY 0.15, down 37.50% from the same period last year[6]. - The weighted average return on equity was 1.47%, a decrease of 0.84 percentage points compared to the previous year[6]. - The decline in net profit was primarily attributed to a decrease in product prices and reduced operating revenue[9]. - In Q1 2024, the company's net profit was CNY 34,611,950.29, a decrease of 37.5% compared to CNY 55,361,030.07 in Q1 2023[30]. - Operating profit for Q1 2024 was CNY 39,830,445.47, down 37.4% from CNY 63,734,730.89 in the same period last year[30]. Cash Flow - The net cash flow from operating activities was CNY 21,318,126.25, reflecting a significant decrease of 71.44% year-on-year[6]. - Cash inflow from operating activities in Q1 2024 was ¥117,715,194.47, a decrease of 48.3% compared to ¥228,004,642.59 in Q1 2023[23]. - Cash flow from operating activities generated a net amount of CNY 19,425,161.29 in Q1 2024, down 74.1% from CNY 75,119,098.72 in Q1 2023[33]. - The company reported a net cash inflow from investment activities of CNY 13,637,157.11, a significant recovery from a net outflow of CNY 54,457,010.71 in the previous year[24]. - The net cash flow from investment activities was negative CNY 4,357,997.05 in Q1 2024, an improvement from negative CNY 54,967,921.00 in Q1 2023[33]. - The company achieved cash inflow from financing activities of CNY 36,529,500.00 in Q1 2024, with no inflow reported in Q1 2023[33]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,581,802,466.13, an increase of 1.87% from the end of the previous year[6]. - Total current assets as of March 31, 2024, amounted to CNY 1,945,028,672.64, an increase from CNY 1,893,400,512.31 as of December 31, 2023, reflecting a growth of approximately 2.8%[14]. - Total liabilities as of March 31, 2024, were CNY 270,600,729.00, compared to CNY 257,040,308.12, showing an increase of about 5.3%[16]. - The company's total liabilities as of March 31, 2024, were CNY 269,525,159.73, an increase from CNY 255,835,856.82 at the end of 2023[27]. - The total equity attributable to shareholders was CNY 2,281,705,836.36, up 1.51% from the previous year-end[7]. - The total equity increased to CNY 2,287,320,206.71 as of March 31, 2024, compared to CNY 2,251,969,674.75 at the end of 2023, showing a growth of 1.6%[28]. Inventory and Receivables - Accounts receivable increased to CNY 114,105,911.40 from CNY 79,303,667.31, marking a significant rise of approximately 44%[14]. - Inventory decreased to CNY 121,731,867.84 from CNY 157,620,165.09, reflecting a decline of about 22.7%[15]. Other Income and Expenses - Non-recurring gains and losses amounted to CNY 6,632,702.86 after tax, with significant contributions from government subsidies and other income[9]. - Other income increased to ¥2,409,973.99 in Q1 2024 from ¥431,191.51 in Q1 2023[19]. - The company reported a financial asset impairment loss of ¥1,310,027.94 in Q1 2024[20]. - Research and development expenses for Q1 2024 were CNY 5,994,710.29, down from CNY 6,793,629.32 in Q1 2023, representing a decrease of 11.7%[29]. General Remarks - The company has not disclosed any new product developments or market expansion strategies in the current report[13]. - The company did not apply new accounting standards for the first time in 2024[34].