Financial Performance - The company's revenue for Q1 2024 was CNY 651,701,467.66, representing a 30.46% increase compared to CNY 499,528,350.38 in the same period last year[5] - Net profit attributable to shareholders decreased by 6.77% to CNY 15,431,354.49 from CNY 16,552,661.50 year-on-year[5] - The company reported a 21.52% increase in net profit excluding non-recurring gains and losses, reaching CNY 9,627,222.88 compared to CNY 7,922,236.33 in the previous year[5] - Total operating revenue for Q1 2024 reached ¥651.70 million, a 30.5% increase from ¥499.53 million in Q1 2023[21] - Net profit for Q1 2024 was ¥16.06 million, a decrease of 2.9% compared to ¥16.55 million in Q1 2023[22] - Earnings per share (EPS) for Q1 2024 was ¥0.0337, down from ¥0.0361 in the same period last year[23] Cash Flow - The net cash flow from operating activities was negative at CNY -218,322,434.62, a decline of 60.04% compared to CNY -136,414,528.03 in Q1 2023[5] - Cash flow from operating activities was ¥609.03 million, an increase of 50.1% from ¥405.59 million in Q1 2023[25] - The net cash flow from operating activities for Q1 2024 was -218,322,434.62 CNY, compared to -136,414,528.03 CNY in Q1 2023, indicating a decline in operational cash flow[26] - The company reported a total cash outflow from operating activities of 830,815,079.43 CNY, which is a significant increase from 549,206,136.02 CNY in the previous year[26] - The cash flow from investment activities showed a net inflow of 9,955,150.47 CNY, a recovery from a net outflow of -70,019,644.52 CNY in the previous year[26] Expenses - The company’s management expenses increased by 56.23% to CNY 14,271,454.66, primarily due to higher salaries and consulting fees[10] - The company’s financial expenses rose by 35.52% to CNY 19,969,404.24, attributed to increased short-term borrowings and related interest expenses[10] - Total operating costs increased to ¥636.79 million, up 31.0% from ¥486.03 million in the previous year[21] - The company reported a financial expense of ¥19.97 million, which is an increase of 35.5% from ¥14.74 million in Q1 2023[22] - Research and development expenses rose to ¥20.68 million, a 26.5% increase from ¥16.34 million in the previous year[22] Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 3,893,445,188.04, a decrease of 1.18% from CNY 3,939,835,941.65 at the end of the previous year[5] - Total liabilities decreased to ¥2.22 billion from ¥2.28 billion year-over-year[22] - Total equity increased to ¥1.67 billion, up from ¥1.66 billion in the previous year[22] - The company reported a total of 3,247,698,046.17 in current assets, down from 3,344,647,046.57, a decrease of about 2.9%[19] Shareholder Information - Total number of common shareholders at the end of the reporting period is 20,870[14] - The largest shareholder, Zhongchen Holdings Co., Ltd., holds 48.80% of shares, totaling 223,750,000 shares[14] Cash and Receivables - The company's cash and cash equivalents decreased to ¥687,360,341.95 from ¥835,007,986.81, a decline of approximately 17.7%[18] - Accounts receivable increased to ¥1,391,286,237.18 from ¥1,294,996,498.68, reflecting a growth of about 7.5%[18] - Inventory increased slightly to ¥878,469,028.81 from ¥866,985,975.31, indicating a growth of approximately 1.8%[19] - Short-term borrowings increased to ¥1,272,128,681.03 from ¥1,192,821,632.64, an increase of approximately 6.7%[19] Other Information - The company approved the use of surplus funds from its initial public offering for daily operational activities[16] - The company has not disclosed any changes in the relationships among major shareholders or any significant actions regarding share lending[15] - The company did not undergo an audit for the Q1 2024 report, which may affect the perception of financial reliability[27] - The company has adopted new accounting standards starting in 2024, which may impact future financial reporting and analysis[27]
中辰股份(300933) - 2024 Q1 - 季度财报