Financial Performance - Net profit attributable to shareholders for Q1 2024 was ¥19,803,087.98, representing a significant increase of 46.25% year-over-year[11] - Operating revenue for the first quarter of 2024 was ¥79,261,899.12, up 4.97% from ¥75,506,079.94 in the same period last year[11] - The company reported a 27.56% increase in operating profit, totaling ¥19,990,966.33, driven by higher revenue and lower material costs[13] - The total profit for the period was ¥23,084,130.39, reflecting a 47.50% increase compared to the previous year[13] - Basic earnings per share for Q1 2024 were ¥0.15, compared to ¥0.14 in Q1 2023, indicating a slight increase[45] - Net profit for Q1 2024 was ¥19,464,792.62, compared to ¥13,541,000.84 in Q1 2023, indicating a significant increase of about 43.6%[44] - Operating profit for Q1 2024 was ¥19,990,966.33, up from ¥15,671,588.33 in Q1 2023, reflecting a growth of approximately 27.5%[44] - The company reported a total comprehensive income of 20.17 million for Q1 2024, compared to 13.55 million in Q1 2023[47] Cash Flow and Assets - The net cash flow from operating activities improved by 116.06%, amounting to ¥1,079,801.26, compared to a negative cash flow of ¥6,721,548.60 in Q1 2023[11] - Cash flow from operating activities for Q1 2024 was 1.08 million, a significant improvement from a negative 6.72 million in Q1 2023[49] - Cash and cash equivalents at the end of Q1 2024 totaled approximately 203.88 million, compared to 69.37 million at the end of Q1 2023[49] - The company experienced a net decrease in cash and cash equivalents of $7,126,698.72, contrasting with an increase of $11,907,015.25 in the previous year[51] - Total current assets amounted to ¥647,435,094.63, a slight increase from ¥644,921,699.63 on December 31, 2023, reflecting a growth of approximately 0.23%[37] - The total non-current assets decreased to ¥153,275,849.12 from ¥154,727,886.17, indicating a decline of about 0.95%[38] - Cash and cash equivalents stood at ¥217,498,929.45, slightly down from ¥220,540,558.71[37] Shareholder Information - The company has a total share capital of 129,990,000 shares, with 74.62% being restricted shares[17] - Major shareholders include Zhou Ming with 15.93% and Zhou Wen with 15.32% of shares[19] - Total shares held by the top ten shareholders amount to 98,757,810, representing 75.97% of total shares[20] - The company has no pledged or judicially frozen shares among major shareholders[22] Liabilities and Equity - The company's asset-liability ratio decreased to 11.82% for consolidated statements, down from 14.14% at the end of 2023[11] - Current liabilities decreased significantly to ¥92,199,196.97 from ¥110,528,877.26, a reduction of approximately 16.6%[38] - The total liabilities decreased to ¥94,656,872.59 from ¥113,060,307.25, showing a decline of about 16.3%[39] - Shareholders' equity increased to ¥706,054,071.16 from ¥686,589,278.55, reflecting a growth of approximately 2.7%[39] Research and Development - Research and development expenses for Q1 2024 were ¥3,621,564.97, compared to ¥3,266,878.88 in Q1 2023, reflecting an increase of about 10.8%[43] - Research and development expenses increased to 3.59 million in Q1 2024, up from 3.27 million in Q1 2023, reflecting a focus on innovation[46] Government Subsidies and Other Income - The company received government subsidies amounting to ¥3,832,500.00, contributing to a 528.79% increase in other income[13] Litigation and Commitments - The company has ongoing litigation with a cumulative amount of 2,837,897.90, accounting for 0.40% of the net assets[27] - There are no overdue commitments or violations of commitments reported during the period[31] - The company has not engaged in external guarantees or loans during the reporting period[25]
科强股份(873665) - 2024 Q1 - 季度财报