Financial Performance - Net profit attributable to shareholders for Q1 2024 was CNY 8,361,567.59, representing a 16.26% increase compared to CNY 7,191,861.05 in Q1 2023[11] - Operating revenue for Q1 2024 was CNY 48,300,960.61, an 8.61% increase from CNY 44,469,943.58 in the same period last year[11] - Total operating revenue for Q1 2024 reached ¥48,300,960.61, an increase from ¥44,469,943.58 in Q1 2023, representing a growth of approximately 6.1%[30] - Total operating costs for Q1 2024 were ¥37,943,037.86, up from ¥36,013,712.93 in Q1 2023, indicating an increase of about 5.4%[30] - The total comprehensive income for the period was 8,361,567.59, compared to 7,191,861.05 in the previous year, indicating an increase of approximately 16.2%[32] Assets and Liabilities - Total assets as of March 31, 2024, reached CNY 418,808,943.14, a 0.70% increase from CNY 415,900,667.12 at the end of 2023[11] - The company's asset-liability ratio remained low at 10.20%, down from 11.59% at the end of 2023[11] - Total liabilities decreased to ¥42,731,367.24 from ¥48,184,658.81, showing a reduction of about 11.5%[29] - The company's equity attributable to shareholders increased to ¥376,077,575.90 from ¥367,716,008.31, marking a growth of approximately 2.4%[29] Cash Flow - The net cash flow from operating activities improved significantly to CNY 1,217,414.30, a 163.91% increase from a negative CNY 1,904,904.34 in Q1 2023[11] - Cash inflow from operating activities totaled 35,991,839.01, while cash outflow was 34,774,424.71, resulting in a net cash inflow of 1,217,414.30[32] - Investment activities resulted in a net cash outflow of -1,457,531.83, compared to -1,036,157.63 in the previous year, indicating increased investment expenditures[34] - Cash flow from financing activities showed a net outflow of -10,058,256.93, compared to -1,100,091.65 in the previous year, reflecting higher debt repayments[34] Receivables and Financing - Accounts receivable financing increased by 427.95% to CNY 10,108,363.04 due to an increase in high-credit bank bills[12] - The company reported a significant increase in receivables financing from 1,914,643.09 to 10,108,363.04, indicating improved financing activities[27] - Accounts receivable increased from 46,689,439.12 to 51,920,993.90, reflecting a rise in credit sales[27] Expenses - Management expenses decreased by 33.90% to CNY 2,078,197.35, attributed to lower board fees and consulting costs compared to the previous year[13] - The company reported a significant reduction in financing costs, with financial expenses decreasing by 120.43% to -CNY 108,472.90 due to increased interest income[13] - Research and development expenses for Q1 2024 were ¥2,479,196.79, compared to ¥2,216,899.70 in Q1 2023, indicating an increase of about 11.8%[30] Shareholder Information - The total number of unrestricted shares increased from 42,373,500 (48.83%) to 46,123,500 (53.15%) during the reporting period[18] - The total share capital remained at 86,780,000 shares, with 4,075 shareholders holding common stock[19] - The largest shareholder, Yiyang High-tech Industry Development Investment Group, holds 19,980,000 shares, representing 23.02% of total shares[20] Other Financial Information - The company has no significant legal disputes or external guarantees reported during the period[23] - There were no changes in accounting policies or errors reported, ensuring consistency in financial reporting[17] - Basic and diluted earnings per share decreased to 0.10 from 0.11, reflecting a decline of about 9.1%[32] - Deferred tax assets stood at ¥5,559,176.82, up from ¥5,442,925.46, reflecting an increase of approximately 2.1%[28] - The total non-current assets amounted to ¥107,761,786.02, slightly down from ¥108,817,368.29, indicating a decrease of about 1.0%[28] - Cash and cash equivalents decreased from 155,319,392.93 to 145,117,549.25, indicating a decline in liquidity[27] - The ending balance of cash and cash equivalents was 144,376,224.43, down from 154,578,068.11 at the beginning of the period[34] - The impact of exchange rate changes on cash and cash equivalents was a positive 96,530.78, contrasting with a negative impact of -86,871.64 in the previous year[34]
惠同新材(833751) - 2024 Q1 - 季度财报