Financial Performance - The company's revenue for Q1 2024 was CNY 180,910,560.70, representing an increase of 8.59% compared to CNY 166,599,342.93 in the same period last year[5]. - Net profit attributable to shareholders for Q1 2024 was CNY 31,477,380.38, a significant increase of 100.18% from CNY 15,724,261.17 in Q1 2023[5]. - Basic and diluted earnings per share for Q1 2024 were both CNY 0.26, doubling from CNY 0.13 in Q1 2023[5]. - Total operating revenue for Q1 2024 was CNY 180,910,560.70, an increase of 8.0% compared to CNY 166,599,342.93 in Q1 2023[24]. - Net profit for Q1 2024 reached CNY 31,477,380.38, representing a significant increase of 100.0% from CNY 15,724,261.27 in Q1 2023[25]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 49.19% to CNY 19,412,741.51, down from CNY 38,204,241.81 in the previous year[14]. - The net cash flow from operating activities for the current period is ¥19,412,741.51, a decrease of 49.2% compared to ¥38,204,241.81 in the previous period[29]. - Total cash inflow from operating activities is ¥197,318,408.93, up 7.4% from ¥183,212,547.64 in the previous period[29]. - Cash outflow from operating activities increased to ¥177,905,667.42, compared to ¥145,008,305.83 in the previous period, representing a rise of 22.6%[29]. - The net cash flow from financing activities is ¥120,353,652.25, down 48.5% from ¥234,889,568.71 in the previous period[29]. Assets and Liabilities - Total assets at the end of Q1 2024 reached CNY 1,923,458,759.69, an increase of 8.24% from CNY 1,776,956,237.49 at the end of the previous year[5]. - Total liabilities increased to CNY 659,913,796.34, compared to CNY 545,303,101.16 in the previous year, reflecting a rise of 20.9%[22]. - Current assets totaled CNY 1,481,614,619.43, an increase of 10.5% from CNY 1,340,931,425.07 in Q1 2023[22]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 10,142[16]. - The largest shareholder, Wang Shijie, holds 47.44% of the shares, totaling 56,930,000 shares[16]. - The number of shareholders with voting rights restored for preferred shares is zero, indicating no preferred shareholders[17]. - The company has not reported any changes in the top 10 shareholders due to securities lending or borrowing[16]. Income and Expenses - The company reported a significant increase in other income, which rose by 144.40% to CNY 3,384,444.20, primarily due to VAT policy benefits[13]. - Research and development expenses for Q1 2024 were CNY 8,412,562.59, down 25.4% from CNY 11,320,049.17 in Q1 2023, indicating a strategic focus on cost management[25]. - The company incurred cash outflows of ¥30,000,000.00 related to other investment activities, significantly higher than ¥10,000,000.00 in the previous period[29]. Inventory and Receivables - The company reported a 41.26% increase in bills receivable, amounting to CNY 423,353,752.13, attributed to an increase in letter of credit during the period[12]. - Accounts receivable rose to ¥120,441,670.68 from ¥107,464,181.63, indicating an increase of about 12.5%[20]. - Inventory levels slightly decreased to ¥147,129,852.69 from ¥147,600,125.24, a decline of approximately 0.32%[20]. Financial Assets - The fair value change income from financial assets was CNY 112,218.29, marking an increase from zero in the previous year[13]. - The company reported a significant increase in trading financial assets, rising to ¥30,239,024.29 from ¥126,806.00[20].
星华新材(301077) - 2024 Q1 - 季度财报