Financial Performance - Net profit attributable to shareholders for Q1 2024 was CNY 4,851,508.81, down 60.16% from CNY 12,177,095.89 in Q1 2023[12] - Operating revenue for Q1 2024 increased by 8.06% to CNY 43,319,017.55 compared to CNY 40,086,444.71 in the same period last year[12] - The company’s net profit margin decreased significantly, with a net profit margin of 10.24% in Q1 2024 compared to 30.39% in Q1 2023[12] - Total operating revenue for Q1 2024 reached ¥43,319,017.55, an increase from ¥40,086,444.71 in Q1 2023, representing a growth of approximately 5.8%[37] - Net profit for Q1 2024 was ¥4,497,161.00, compared to ¥12,177,095.89 in Q1 2023, reflecting a decrease of approximately 63.0%[38] - Total profit for Q1 2024 was 6,680,376.91, a decrease of 55.8% from 15,097,681.11 in Q1 2023[40] - Total comprehensive income for Q1 2024 was 5,678,320.37, down from 12,177,095.89 in Q1 2023[41] Assets and Liabilities - Total assets as of March 31, 2024, were CNY 641,130,465.23, a decrease of 0.25% compared to the end of 2023[12] - The company's total liabilities to assets ratio decreased to 26.36% from 27.24% at the end of 2023[12] - Total liabilities decreased to ¥168,989,696.88 from ¥175,077,648.60, a reduction of approximately 3.1%[31] - The company has ¥15,254,749.75 in restricted assets, representing 2.38% of total assets, primarily due to bank guarantees and frozen funds[27] - Fixed assets decreased to ¥25,221,469.44 from ¥26,144,839.34, a decline of approximately 3.5%[30] Cash Flow - The company's cash flow from operating activities showed a net outflow of CNY 292,502.58, an improvement of 90.89% compared to the outflow of CNY 3,209,085.30 in Q1 2023[12] - Cash flow from operating activities for Q1 2024 was -292,502.58, an improvement from -3,209,085.30 in Q1 2023[42] - Investment activities generated a net cash outflow of -74,490,316.91 in Q1 2024, compared to -59,571,712.65 in Q1 2023[43] - Cash inflow from investment activities totaled $422,160,075.30, while cash outflow reached $496,556,692.21, resulting in a negative cash flow from investments[45] - The net cash increase for the period was negative at -$76,229,984.50, indicating a need for strategic financial management[45] Shareholder Information - The total number of ordinary shares is 61,327,100, with 54.33% being unrestricted shares and 45.67% being restricted shares[18] - The largest shareholder, Yu Lixin, holds 9,928,000 shares, representing 16.19% of the total shares[19] - The second-largest shareholder, Du Heng, owns 7,344,000 shares, accounting for 11.98% of the total shares[20] - The top ten shareholders collectively hold 32,743,282 shares, which is 53.40% of the total shares[20] - The number of ordinary shareholders increased to 8,377 during the reporting period[18] Research and Development - Research and development expenses increased by 30.08% to CNY 2,562,821.87 in Q1 2024, reflecting increased investment in innovation[14] - Research and development expenses for Q1 2024 were ¥2,562,821.87, compared to ¥1,970,238.47 in Q1 2023, marking an increase of about 30.0%[37] Other Financial Activities - The company reported a significant increase of 243.46% in trading financial assets, totaling CNY 103,037,000.00, due to the purchase of financial products[13] - The company has ongoing investments in new technologies and market expansion strategies, although specific figures were not disclosed in the financial report[30] - The company engaged in related party transactions, with a total amount of 4,778.67 yuan for external processing services[25] - The company has signed credit agreements with China Merchants Bank and China Everbright Bank, each for 30 million yuan and 20 million yuan respectively, with a guarantee period extending to 2028 and 2027[26] - The company has fulfilled all disclosed commitments without any overdue obligations[26]
恒立钻具(836942) - 2024 Q1 - 季度财报