Financial Performance - Operating revenue for Q1 2024 was CNY 84,633,111.64, representing a 39.57% increase from CNY 60,639,424.02 in Q1 2023[10] - Net profit attributable to shareholders for Q1 2024 was CNY 11,542,541.29, a decrease of 8.67% compared to CNY 12,637,617.14 in Q1 2023[10] - The company reported a net profit increase, with retained earnings rising to ¥236,403,856.10 from ¥224,861,314.81, an increase of about 5.3%[36] - The total profit for Q1 2024 was CNY 16,205,713.00, an increase from CNY 14,820,479.30 in Q1 2023, marking a growth of approximately 9.3%[41] - Operating profit for Q1 2024 was CNY 16,172,713.00, up from CNY 14,767,643.94 in Q1 2023, indicating an increase of about 9.5%[41] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 12,654,803.38, an improvement of 42.31% from a net outflow of CNY 21,937,532.81 in the same period last year[10] - The net cash flow from operating activities increased by 42.31% compared to the same period last year, primarily due to increased cash receipts from sales and a decrease in tax payments[13] - Cash inflow from investment activities in Q1 2024 was CNY 73,055,098.77, significantly higher than CNY 25,026,623.29 in Q1 2023[46] - The net cash flow from investment activities for Q1 2024 was -CNY 37,219,792.90, compared to -CNY 45,304,525.43 in Q1 2023, indicating a reduced cash outflow[46] - Cash inflow from financing activities in Q1 2024 was CNY 36,055,492.09, compared to CNY 6,000,000.00 in Q1 2023, showing a substantial increase[46] Assets and Liabilities - Total assets as of March 31, 2024, reached CNY 976,377,635.52, an increase of 2.43% compared to CNY 953,240,689.27 at the end of 2023[10] - The company's debt-to-asset ratio (consolidated) was 21.84%, slightly up from 21.68% at the end of 2023[10] - Total liabilities rose to ¥213,289,090.75 from ¥206,643,305.86, reflecting an increase of about 3.2%[36] - Current assets totaled ¥520,181,277.63, up from ¥501,932,922.97, indicating an increase of around 3.5%[37] - Non-current assets amounted to ¥304,703,772.17, slightly down from ¥305,374,351.94, showing a decrease of about 0.2%[38] Shareholder Information - The total number of unrestricted shares decreased from 60,968,312 to 59,712,072, representing a change of -1,256,240 shares[18] - The largest shareholder, Zhang Zhongshu, increased his holdings to 14,869,947 shares, accounting for 19.83% of total shares[21] - The company has 5,908 shareholders holding ordinary shares as of the end of the reporting period[18] - There were no pledges or judicial freezes on shares held by shareholders with over 5% ownership[22] Expenses - Research and development expenses rose by 48.30% to CNY 6,259,634.23, mainly due to increased personnel costs[12] - Management expenses increased by 79.07% to CNY 12,163,363.00, attributed to stock incentive plan costs and higher employee salaries[12] - The company reported a 47.74% decrease in income tax expenses compared to the previous period[13] Future Plans - The company plans to apply for a credit limit of up to RMB 600 million from financial institutions in 2024[25] - The company's subsidiary intends to apply for a credit limit and project loan of RMB 48 million for the construction of high-quality quartz glass tubes and high-purity quartz sand projects[26] - The company’s management indicated plans for market expansion and new product development in the upcoming quarters[42] - The financial report highlighted a focus on improving operational efficiency and cost management strategies moving forward[42] Stock Incentive Plan - The company has approved a stock incentive plan for 67 individuals, granting a total of 1,511,485 restricted shares, representing 2.02% of the total share capital[29] - The grant price for the restricted shares is set at RMB 10.14 per share[29]
凯德石英(835179) - 2024 Q1 - 季度财报