Financial Performance - The company's revenue for Q1 2024 was ¥99,487,602.46, a decrease of 2.85% compared to ¥102,402,280.27 in the same period last year[5] - Net profit attributable to shareholders decreased by 41.30% to ¥3,052,616.69 from ¥5,200,382.54 year-on-year[5] - The net profit excluding non-recurring gains and losses increased by 248.11% to ¥7,132,356.88 from ¥2,048,877.50 in the previous year[5] - The company reported a 97.28% increase in income tax expenses, amounting to ¥3,752,240.12, due to changes in deferred tax from impairment losses and fair value changes[8] - The net profit for Q1 2024 was CNY 3,094,167.28, a decrease of 40.4% compared to CNY 5,151,906.41 in Q1 2023[20] - The total profit for Q1 2024 was CNY 6,846,407.40, down from CNY 7,053,892.65 in the same period last year, reflecting a decline of 2.9%[20] - Operating profit for Q1 2024 was CNY 6,767,796.45, compared to CNY 7,025,996.39 in Q1 2023, indicating a decrease of 3.7%[20] - The company reported basic and diluted earnings per share of CNY 0.0039, down from CNY 0.0067 in Q1 2023, representing a decline of 41.8%[21] Cash Flow and Liquidity - The net cash flow from operating activities improved by 49.92%, reaching -¥35,130,561.47 compared to -¥70,154,827.94 in the same period last year[5] - Cash flow from operating activities showed a net outflow of CNY 35,130,561.47, an improvement from a net outflow of CNY 70,154,827.94 in the previous year[22] - Cash flow from investing activities resulted in a net outflow of CNY 86,644.60, significantly lower than the inflow of CNY 109,601,744.67 in Q1 2023[23] - Cash flow from financing activities generated a net inflow of CNY 44,580,990.85, compared to a modest inflow of CNY 3,279,977.18 in the same quarter last year[23] - Cash and cash equivalents decreased by 78.09% to 9,362,966.08 from 42,729,293.15[9] - The company's cash and cash equivalents at the end of Q1 2024 were CNY 301,312,415.10, a decrease of 3.33% from CNY 311,347,768.62 at the beginning of the period[15] - Total cash and cash equivalents at the end of Q1 2024 amounted to CNY 251,081,339.57, a decrease from CNY 263,099,591.74 at the end of Q1 2023[23] Expenses and Costs - The company reported a significant increase in sales expenses, which rose by 1285.98% to ¥536,095.00 due to increased costs associated with seedling sales[8] - Research and development expenses increased by 43.95% to ¥979,991.76, reflecting higher investment in R&D activities[8] - Total operating costs for Q1 2024 were CNY 94,085,205.71, down 5.00% from CNY 99,567,257.26 in the previous period[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,392,963,366.53, a decrease of 3.94% from ¥2,490,992,999.01 at the end of the previous year[5] - The total assets as of March 31, 2024, were CNY 2,392,963,366.53, down from CNY 2,490,992,999.01 at the beginning of the period[17] - Total liabilities decreased to CNY 869,263,033.00 from CNY 971,359,613.81 at the beginning of the period[17] Shareholder Information - Total number of ordinary shareholders at the end of the reporting period was 27,170[11] - The largest shareholder, Li Xiaoming, holds 29.35% of shares, totaling 228,815,120[11] - The second-largest shareholder, Ningbo Huining Investment, holds 18.65% of shares, totaling 145,354,943[11] - The company did not engage in any fundraising activities during the reporting period[9] Strategic Initiatives - The company continues to focus on market expansion and new product development as part of its strategic initiatives[13] - The company plans to increase its shareholding by CNY 13.5 million to CNY 20 million within six months, as announced on November 24, 2023[13] Other Notable Changes - The company experienced a loss of ¥4,060,750.99 from fair value changes, a significant decline of 251.52% compared to the previous year[8] - Financial expenses decreased by 44.10% to ¥1,261,430.32, attributed to a reduction in bank loans[8] - Investment activity cash inflow decreased by 96.28% to 5,617,318.59 from 151,098,027.11[9] - Borrowing cash inflow increased by 57.24% to 141,517,560.69 from 90,000,000.00[9] - Financing activity cash inflow increased by 33.65% to 141,517,560.69 from 105,886,000.00[9] - Net cash flow from financing activities surged by 1259.19% to 44,580,990.85 from 3,279,977.18[9] - The company has not yet audited the Q1 2024 report, indicating that the figures are subject to change upon final review[24]
汇绿生态(001267) - 2024 Q1 - 季度财报