Revenue and Profit - Revenue for Q1 2024 reached ¥142,828,765.81, a 42.10% increase compared to ¥100,509,748.10 in the same period last year[5] - Net profit attributable to shareholders was ¥18,560,265.14, reflecting a 7.53% increase from ¥17,260,787.79 year-on-year[5] - In Q1 2024, the company reported a revenue of ¥92,446,340.06, an increase of 18.95% compared to ¥77,718,333.93 in Q1 2023[9] - The company reported a total comprehensive income for the period was ¥21,253,541.90, up from ¥17,366,507.71 in the previous year, showing a growth of approximately 22%[23] - Net profit for the period was ¥21,230,390.80, compared to ¥17,260,787.79 in the previous year, reflecting an increase of approximately 23%[23] Cash Flow and Investments - Net cash flow from operating activities decreased significantly to -¥19,121,921.71, compared to ¥27,540.23 in the previous year, marking a decline of 69,532.69%[5] - The company reported a net cash flow from operating activities of -¥19,121,921.71, a decline from a positive cash flow of ¥27,540.23 in the previous period[25] - Investment activities resulted in a net cash outflow of -¥154,231,411.36, slightly higher than the previous period's outflow of -¥153,425,263.30[26] - The cash flow from investment activities included a recovery of investment cash amounting to ¥17,022,188.11, attributed to the maturity of financial products purchased[9] - The company received ¥100,000,000.00 from borrowings during the financing activities, with total cash outflows for financing activities amounting to ¥45,373,409.31[26] Assets and Liabilities - Total assets increased by 39.47% to ¥1,439,564,299.72 from ¥1,032,145,930.51 at the end of the previous year[5] - Total liabilities increased to CNY 381,161,460.47 from CNY 99,583,733.30, indicating a significant rise in financial obligations[19] - The company reported a total asset of CNY 1,439,564,299.72 as of March 31, 2024, compared to CNY 1,032,145,930.51 at the beginning of the period, reflecting a growth of approximately 39.4%[17] - The company reported a total non-current asset of CNY 400,094,828.94, up from CNY 161,324,958.12, reflecting a growth of approximately 147%[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,256, with no preferred shareholders[11] - The largest shareholder, Dong Jing, holds 35.33% of the shares, amounting to 42,399,000 shares[11] Operating Costs and Expenses - The company experienced a 44.63% rise in operating costs, totaling ¥90,983,228.36 compared to ¥62,907,998.87 last year[8] - Total operating costs increased to ¥122,770,923.25 from ¥80,306,470.14, marking a rise of about 53%[21] - Research and development expenses increased by 36.46% to ¥7,367,639.71 from ¥5,399,170.25[8] - The company incurred research and development expenses of ¥7,367,639.71, an increase from ¥5,399,170.25 in the previous period, indicating a focus on innovation[21] Inventory and Receivables - Inventory grew by 43.01% to ¥205,707,959.47, up from ¥143,839,306.57[8] - Accounts receivable increased significantly to CNY 429,300,304.30 from CNY 273,297,612.08, representing a growth of approximately 57.2%[18] - The company reported a 96.21% increase in notes receivable, rising to ¥39,099,025.08 from ¥19,927,389.38[8] Other Income and Government Subsidies - Other income surged by 5,986.07% to ¥4,297,435.51, compared to ¥70,610.97 in the previous year, primarily due to increased government subsidies[8] - Cash received from government subsidies increased dramatically by 557.60%, reaching ¥4,502,421.91 compared to ¥684,671.94 in Q1 2023[9] Strategic Acquisitions and Restructuring - The company completed a major asset restructuring, which contributed to the increase in cash flow from operating activities[9] - The company completed the acquisition of a 51% stake in Shanghai Jiano Sealing Technology Co., Ltd. on March 19, 2024, enhancing its market position[16] - The company plans to expand its market presence through strategic acquisitions, as indicated by the ongoing asset restructuring efforts[15] Shareholder Returns - The company paid dividends totaling ¥41,845,000.00 during the reporting period, reflecting its commitment to returning value to shareholders[9] Cash and Cash Equivalents - Cash and cash equivalents decreased to CNY 323,107,666.09 from CNY 388,717,366.05, a decline of about 16.8%[18] - Cash and cash equivalents at the end of the period totaled ¥322,535,781.48, up from ¥257,386,214.62 at the end of the previous period[26] Earnings Per Share - Basic and diluted earnings per share were both ¥0.15, compared to ¥0.14 in the previous period[24] Company Updates - The company has not released any new product or technology updates during this quarter[15]
唯万密封(301161) - 2024 Q1 - 季度财报