Financial Performance - Operating revenue for Q1 2024 reached CNY 77,956,774.63, representing a 20.08% increase from CNY 64,918,294.26 in Q1 2023[12] - Net profit attributable to shareholders rose by 44.89% to CNY 10,288,428.99, up from CNY 7,100,978.50 in the same period last year[12] - The company’s gross profit margin improved, with net profit margin increasing to 13.16% from 10.95% year-on-year[15] - Total operating revenue increased to ¥77,956,774.63, up 20.5% from ¥64,918,294.26[44] - Net profit reached ¥10,242,825.15, a significant increase of 44.5% compared to ¥7,077,734.57[45] - The company reported a total profit of ¥11,391,329.16, up from ¥7,973,312.02, representing a 42.5% growth[45] - The total profit for the period was 11,449,222.85, compared to 6,407,900.73 in the previous period, indicating a significant increase[49] - The net profit reached 10,088,081.63, up from 5,757,994.39, reflecting a growth of approximately 75.5%[49] Assets and Liabilities - Total assets increased by 5.37% to CNY 617,436,343.39 as of March 31, 2024, compared to CNY 585,976,109.68 at the end of 2023[12] - Total current assets increased to ¥277,736,042.78 as of March 31, 2024, up from ¥263,835,049.32 on December 31, 2023, representing a growth of approximately 5.4%[35] - Total non-current assets increased to ¥339,700,300.61 from ¥322,141,060.36, reflecting a growth of approximately 5.5%[36] - Total current liabilities increased to ¥135,758,664.16 from ¥114,471,068.97, representing a rise of approximately 18.6%[36] - Total liabilities rose to ¥144,739,633.54, compared to ¥123,522,224.98, showing an increase of about 17.1%[37] - Shareholders' equity increased to ¥472,696,709.85 from ¥462,453,884.70, reflecting a growth of approximately 2.6%[37] Cash Flow - Cash flow from operating activities decreased by 58.46% to CNY 2,987,860.63, primarily due to increased payments for purchased goods[15] - Cash inflow from operating activities was 73,009,743.70, compared to 62,259,897.67, showing an increase of about 17.5%[51] - The net cash flow from operating activities was 2,987,860.63, down from 7,193,488.97, indicating a decrease of approximately 58.5%[51] - Cash inflow from investment activities totaled 81,304,538.94, compared to 80,585.53 in the previous period, marking a substantial increase[52] - The net cash flow from investment activities was -9,613,435.60, compared to -74,735,660.63, showing an improvement[52] - Cash inflow from financing activities was 26,412,480.00, down from 40,000,000.00, reflecting a decrease of about 34.4%[53] Shareholder Information - The total number of shares outstanding is 72,529,075[19] - The largest shareholder, Qin Wenping, holds 20,487,650 shares, representing 28.25% of the total shares[20] - The second-largest shareholder, Zhang Yu, holds 18,186,725 shares, accounting for 25.08% of the total shares[20] - The controlling shareholder holds 34,159,032 shares, which is 47.10% of the total shares[19] - The company has 4,414 common shareholders[19] Investments and Expenses - Investment income surged by 277.91% to CNY 304,538.94, due to returns from structured financial products[14] - Research and development expenses increased to ¥3,479,598.50, a rise of 17.5% from ¥2,961,378.49[44] - Sales expenses increased by 31.05% to CNY 2,641,561.88, reflecting enhanced market development efforts[14] - Other income increased significantly to ¥1,314,185.62 from ¥243,695.86, reflecting a growth of 439.5%[44] Legal and Compliance - The total amount involved in litigation as a plaintiff is 2,117,887.33 yuan, which is 0.45% of the company's net assets[26] - The company has provided guarantees totaling up to 150 million yuan for its wholly-owned subsidiaries[27] - The company has no reported violations regarding guarantees during the reporting period[28] - There are no pledged or frozen shares among the top ten shareholders[23]
沪江材料(870204) - 2024 Q1 - 季度财报