Financial Performance - Operating revenue for the first quarter of 2024 reached CNY 193,397,297.02, representing a year-on-year increase of 9.28%[12] - Net profit attributable to shareholders for the first quarter was CNY 36,191,392.42, up 10.54% from the same period last year[12] - Total revenue for Q1 2024 reached ¥193,397,297.02, an increase from ¥176,966,300.43 in Q1 2023, representing a growth of approximately 9.5%[37] - Net profit for Q1 2024 was ¥36,191,392.42, compared to ¥32,740,256.88 in Q1 2023, reflecting a growth of approximately 10.3%[38] - Basic and diluted earnings per share for Q1 2024 were both ¥0.41, an increase from ¥0.36 in Q1 2023[39] - Operating profit for Q1 2024 was ¥40.58 million, representing a growth of 7.1% compared to ¥37.91 million in Q1 2023[41] - Total comprehensive income for Q1 2024 was ¥36.25 million, compared to ¥32.20 million in Q1 2023[42] Assets and Liabilities - Total assets as of March 31, 2024, amounted to CNY 1,037,180,418.70, a decrease of 1.06% compared to the end of the previous year[12] - Current assets totaled ¥912,210,097.51, slightly down from ¥922,664,655.82, representing a decrease of about 1.48%[31] - Total liabilities slightly decreased from ¥342,445,430.46 to ¥342,017,383.28, a decline of about 0.13%[33] - Total equity decreased from ¥705,840,365.55 to ¥695,163,035.42, a decline of approximately 1.20%[33] - The company's total assets amounted to ¥1,041,354,013.04, down from ¥1,052,403,801.42[36] - The company’s total equity decreased to ¥687,846,602.43 from ¥698,467,834.79[36] Cash Flow - The net cash flow from operating activities was CNY 1,671,144.68, a significant decrease of 97.33% compared to the previous year[14] - Cash flow from operating activities generated a net amount of ¥1.67 million, a decrease from ¥62.60 million in Q1 2023[43] - The net cash flow from investing activities was -$4,275,659.85, a decrease from -$3,568,467.85 in the previous period[48] - The net cash flow from financing activities was -$47,028,407.40, with no cash inflow recorded[48] - The ending balance of cash and cash equivalents was $79,688,258.66, down from $184,949,264.03 previously[48] Shareholder Information - The total number of ordinary shareholders as of the report date was 4,732[18] - The largest shareholder, Hunan Wuxin Investment Co., Ltd., holds 35.12% of the shares, totaling 31,612,223 shares[19] - The total number of shares held by the top ten shareholders is 50,177,586, representing 55.75% of the total shares[20] - The company reported a change in shareholding for several shareholders, with notable increases in holdings for some[20] - Hunan Wuxin Investment holds an 83.81% stake in Hunan Wuxin Heavy Industry, making it the controlling shareholder[20] Research and Development - Research and development expenses increased by 56.62% to CNY 11,632,221.06, reflecting the company's commitment to new product and key component development[14] - Research and development expenses increased significantly to ¥11.63 million, a rise of 56.5% from ¥7.43 million in Q1 2023[41] Other Financial Information - The company reported a credit impairment loss of ¥2,259,321.76 in Q1 2024, compared to ¥2,951,090.18 in Q1 2023[38] - The company incurred a financial expense of -¥192,755.53 in Q1 2024, an improvement from -¥465,617.85 in Q1 2023[41] - The company reported a decrease in tax expenses to ¥4.41 million in Q1 2024, down from ¥5.74 million in Q1 2023[41] - There are ongoing litigation and arbitration matters, but the amounts involved are not significant enough to impact the company's operations[24] - The company has not disclosed any major external guarantees or loans during the reporting period[23] - There were no significant related party transactions or other major transactions reported during the period[23] - The company has complied with all necessary disclosure obligations regarding major events and commitments[23]
五新隧装(835174) - 2024 Q1 - 季度财报