Yongfu(SZ:300712)2024-04-26 15:07Financial Performance - The company's operating revenue for Q1 2024 was ¥432,997,383.95, representing a 27.04% increase compared to the same period last year[5] - The net profit attributable to shareholders was ¥18,238,742.78, reflecting a 4.50% increase year-over-year[5] - The net profit after deducting non-recurring gains and losses was ¥16,150,428.13, up by 4.73% from the previous year[5] - The company's total revenue for the first quarter of 2024 was RMB 432,997,383.95, an increase of 27% compared to RMB 340,848,769.08 in the same period last year[29] - The total operating costs for the first quarter of 2024 were RMB 424,414,046.13, up from RMB 335,779,244.26 in the previous year[29] - The company's net profit for the current period is CNY 11,113,173.23, a decrease of 32.3% compared to CNY 16,354,269.24 in the previous period[31] - Operating profit for the current period is CNY 12,089,880.86, down 38.1% from CNY 19,526,961.21 in the previous period[31] - Total revenue from sales of goods and services received cash of CNY 357,704,521.25, an increase of 9.8% from CNY 325,726,093.76 in the previous period[33] - The total comprehensive income for the current period is CNY 10,423,196.81, down from CNY 16,403,349.52 in the previous period[34] Cash Flow and Liquidity - The net cash flow from operating activities was -¥126,024,328.78, a decrease of 7.00% compared to the same period last year[5] - The net cash flow from financing activities decreased by 92.15%, resulting in a cash and cash equivalents net decrease of ¥296,956,900.07 compared to ¥154,546,155.93 in the previous year[13] - Cash inflow from financing activities totaled ¥156,859,129.20, an increase of 43.62% compared to ¥109,218,036.99 in the same period last year, primarily due to increased loans for new energy investment projects[13] - Cash outflow from financing activities reached ¥293,725,347.90, a significant rise of 149.15% from ¥117,892,596.65 year-on-year, attributed to bank loan repayments and increased interest payments[13] - The ending balance of cash and cash equivalents is CNY 281,730,013.56, compared to CNY 120,439,027.59 in the previous period, indicating improved liquidity[35] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥4,117,477,628.78, down 4.67% from the end of the previous year[5] - The company's cash and cash equivalents decreased by 44.07% to ¥407,046,641.12 due to loan repayments[9] - The company's accounts receivable notes increased by 115.23% to ¥12,913,853.46, attributed to new endorsements of notes[9] - The company's fixed assets rose by 66.18% to ¥446,010,126.77, primarily due to the transfer of a project to fixed assets[9] - The company's retained earnings increased to RMB 454,598,759.46 from RMB 436,360,016.68, reflecting a growth of approximately 4%[28] - The company reported a decrease in total liabilities to RMB 2,682,454,076.92 from RMB 2,885,035,335.39, a reduction of about 7%[28] - The non-current liabilities totaled RMB 462,156,086.30, slightly down from RMB 463,175,862.24 at the beginning of the period[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,046, with no preferred shareholders having restored voting rights[15] - The top shareholder, Fuzhou Bohong Investment Management Co., Ltd., holds 24.63% of shares, totaling 46,185,486 shares, with 22,915,000 shares pledged[15] - Fuzhou Yongfu Hengcheng Investment Management Co., Ltd. owns 18.86% of shares, amounting to 35,378,453 shares, with 14,280,000 shares pledged[15] - The company has no preferred shareholders and no changes in the number of preferred shareholders were reported[18] - The total restricted shares at the beginning of the period were 161,400, with 40,350 shares released during the period, leaving 121,050 restricted shares at the end[21] - The company has repurchased a total of 435,100 shares, accounting for 0.2320% of the total share capital, with a total transaction amount of RMB 9,652,847.50[23] Future Plans and Strategic Focus - The company plans to continue its focus on new energy projects and expand its financing activities to support growth initiatives[13] - The company plans to use between RMB 50 million and RMB 100 million for share repurchase, with a maximum repurchase price of RMB 34.59 per share[22] Other Financial Metrics - The company's investment income showed a significant decline of 108.44%, resulting in a loss of ¥697,282.76[12] - The company's income tax expense decreased by 63.20% to ¥1,156,084.65, correlating with a reduction in total profit[12] - Research and development expenses increased to CNY 21,153,229.81, up 17.5% from CNY 18,051,671.25 in the previous period[31] - The company reported a basic earnings per share of CNY 0.0972, slightly up from CNY 0.0942 in the previous period[34] - The impact of exchange rate fluctuations on cash and cash equivalents was a positive ¥47,785.18, a significant improvement from a negative impact of ¥348,281.31 in the previous year[13] - The company has not undergone an audit for the first quarter report[35]