Financial Performance - Net profit attributable to shareholders for Q1 2024 was ¥19,162,345.53, representing a 112.29% increase year-over-year[12] - Operating revenue for Q1 2024 was ¥173,807,246.13, up 50.44% from ¥115,534,277.73 in the same period last year[12] - The company's operating profit for Q1 2024 was ¥13,921,224.11, an increase from ¥9,816,173.18 in Q1 2023[39] - Total revenue for Q1 2024 reached ¥173,807,246.13, a significant increase from ¥115,534,277.73 in Q1 2023, representing a growth of approximately 50.4%[36] - Net profit increased by CNY 10.1084 million, up 112.53%, driven by higher operating revenue and increased government subsidies[15] - The total profit for Q1 2024 was ¥13,924,126.26, an increase from ¥9,794,315.23 in Q1 2023[39] - Basic and diluted earnings per share for Q1 2024 were both ¥0.18, compared to ¥0.11 in Q1 2023[38] - The total comprehensive income for Q1 2024 was ¥11,898,794.71, compared to ¥8,305,550.46 in Q1 2023[40] Assets and Liabilities - Total assets as of March 31, 2024, reached ¥1,021,513,217.64, an increase of 2.86% compared to the end of 2023[12] - Current assets totaled CNY 676,752,922.03, up from CNY 656,012,050.12, indicating an increase of about 3.0%[30] - Total liabilities amounted to CNY 543,982,527.54, slightly up from CNY 536,162,949.69, showing an increase of about 1.5%[32] - Total liabilities increased to ¥382,084,133.81 as of March 31, 2024, from ¥369,683,476.68 at the end of 2023, reflecting a growth of about 3.6%[35] - The company's equity attributable to shareholders rose to CNY 477,530,690.10 from CNY 458,438,990.29, an increase of approximately 4.2%[32] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥59,382,559.47, a decline of 131.86% compared to the previous year[12] - Cash flow from operating activities decreased by CNY 33.7710 million, a decline of 131.86%, due to reduced cash received from sales[15] - Cash inflow from operating activities was 271,032,795.04, a decrease from 353,882,414.44 in the previous year[44] - The net cash flow from operating activities was -59,345,370.27, reflecting a decline in operational performance compared to the previous year[45] - Cash inflow from financing activities totaled 85,881,898.70, with a net cash flow of 47,749,452.80, showing a strong financing position[43] Investments and Expenses - R&D expenses increased by CNY 1.9808 million, accounting for 43.16% of total expenses, due to enhanced investment in product technology innovation[15] - Research and development expenses rose to ¥6,570,001.28 in Q1 2024, compared to ¥4,589,158.25 in Q1 2023, reflecting a growth of approximately 43.2%[36] - Investment income surged by CNY 4.1130 million, a 2,512.02% increase, mainly from the sale of equity in a subsidiary[15] - Total operating costs for Q1 2024 were ¥160,714,335.07, up from ¥104,335,261.11 in Q1 2023, indicating an increase of about 54%[36] Shareholder Information - The total number of ordinary shares is 108,420,000, with 3,322 shareholders[19] - Major shareholders include Yao Xiuzhu with 35.47% and Shenzhen Tolu Equity Investment Partnership with 5.03%[20] Other Significant Events - The company completed the sale of its controlling subsidiary, 富恒精密, and no longer consolidates it in its financial statements[26] - A civil mediation agreement was reached regarding a contract dispute with 深圳铭锋达科技有限公司, allowing for installment payments[25] - The company has entered into a loan agreement with several banks, with related party guarantees provided by certain individuals[25]
富恒新材(832469) - 2024 Q1 - 季度财报