Financial Performance - The company's revenue for Q1 2024 was CNY 363,469,303.48, representing an increase of 11.05% compared to CNY 327,312,287.87 in the same period last year[3] - Net profit attributable to shareholders for Q1 2024 was CNY 22,031,141.25, up 9.23% from CNY 20,168,741.47 year-on-year[3] - The net profit after deducting non-recurring gains and losses increased by 30.24% to CNY 19,611,752.26 from CNY 15,058,404.06 in the previous year[3] - Total operating revenue for Q1 2024 was CNY 363,469,303.48, an increase of 11.04% compared to CNY 327,312,287.87 in the previous period[25] - Net profit for Q1 2024 reached CNY 22,031,141.25, representing a growth of 9.2% from CNY 20,168,741.47 in the same period last year[26] - The total comprehensive income for the first quarter of 2024 was CNY 22,031,141.25, an increase from CNY 20,168,741.47 in the same period last year, representing a growth of approximately 9.2%[27] - Basic and diluted earnings per share for the first quarter were both CNY 0.11, up from CNY 0.10 in the previous year, indicating a 10% increase[27] Cash Flow - The net cash flow from operating activities improved significantly to CNY 44,738,164.17, a 120.84% increase from a negative CNY 214,623,737.00 in the same period last year[3] - The net cash flow from operating activities increased by RMB 259.36 million, a growth of 120.84% compared to the same period last year, mainly due to a decrease in cash paid for goods purchased and an increase in cash received from sales[11] - Cash inflows from operating activities totaled CNY 406,385,559.63, compared to CNY 368,973,673.12 in the prior year, reflecting a growth of about 10.1%[28] - Cash outflows for operating activities were CNY 361,647,395.46, down from CNY 583,597,410.12, showing a reduction of approximately 38%[30] - The net cash flow from investment activities increased by RMB 160.79 million, a growth of 67.77% year-on-year, primarily due to cash management activities[11] - The net cash flow from investment activities was -CNY 76,464,028.10, an improvement from -CNY 237,249,874.61 in the same period last year[30] - The net cash flow from financing activities decreased by RMB 146.20 million, a decline of 19,901.64%, mainly due to stock repurchases and the repayment of matured bank acceptance bills[11] - The company reported a total cash outflow from financing activities of CNY 146,935,415.41, compared to CNY 734,616.84 in the previous year, indicating a significant increase in financing activities[30] Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 3,381,847,187.90, a decrease of 2.58% from CNY 3,471,475,142.68 at the end of the previous year[3] - Total liabilities decreased to CNY 442,209,183.14 from CNY 469,487,685.77, a decline of 5.8%[23] - Current liabilities decreased to CNY 432,341,341.67 from CNY 458,743,655.73, a reduction of 5.76%[23] - Cash and cash equivalents at the end of the period were CNY 272,646,953.38, down from CNY 450,865,664.34, a decrease of 39.5%[22] - Cash and cash equivalents at the end of the period stood at CNY 271,214,226.07, up from CNY 165,353,471.80 at the end of the previous year, marking a growth of approximately 64%[30] Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 26,965[13] - Guangdong Xinghui Holdings Co., Ltd. holds 39.28% of the shares, making it the largest shareholder[13] - The total number of shares held by the top ten shareholders is 132,305,446, representing a significant concentration of ownership[17] - The company has repurchased a total of 5,381,172 shares, accounting for 2.78% of the total share capital, with a total transaction amount of RMB 99.87 million[19] - The maximum repurchase price was RMB 19.40 per share, while the minimum was RMB 16.38 per share[19] - The company plans to use between RMB 50 million and RMB 100 million for share repurchases, with a maximum price of RMB 27.78 per share[18] Expenses - Sales expenses increased by 34.23% to CNY 519,431.63, attributed to higher business development costs[7] - Research and development expenses increased to CNY 4,629,973.18, compared to CNY 3,747,216.37, marking a rise of 23.5%[26] Other Income - Other income rose by 48.84% to CNY 2,325,662.68, mainly due to benefits from the "advanced manufacturing enterprise" VAT policy[7] - The company reported a financial income of CNY 14,972,434.43, up from CNY 12,759,178.27, an increase of 17.3%[26] Audit Information - The company has not undergone an audit for the first quarter report[32]
星辉环材(300834) - 2024 Q1 - 季度财报