QSZY(SH:600103)2024-04-28 07:36Financial Performance - The company's operating revenue for Q1 2024 was ¥666,845,843.31, representing a decrease of 5.19% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥21,667,479.93, down 63.66% year-on-year[5]. - The basic earnings per share for the period was ¥0.0098, reflecting a decline of 63.70% compared to the previous year[5]. - Total operating revenue for Q1 2024 was ¥666,845,843.31, a decrease of 5.4% compared to ¥703,345,414.21 in Q1 2023[23]. - Net profit for Q1 2024 was ¥25,447,669.93, down 60.2% from ¥63,779,143.92 in Q1 2023[23]. - The company's gross profit margin decreased to 2.2% in Q1 2024 from 10.0% in Q1 2023[23]. - The company recorded a total comprehensive income of CNY 11.69 million in Q1 2024, a decrease of 75.24% from CNY 47.17 million in Q1 2023[33]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,250,649,453.84, an increase of 1.36% from the end of the previous year[6]. - Total assets increased to ¥6,250,649,453.84, up from ¥6,167,016,439.05 at the end of Q1 2023[18]. - Total liabilities rose to ¥2,006,109,953.05, compared to ¥1,947,206,374.21 in Q1 2023, reflecting an increase of 3.0%[18]. - Total liabilities increased to CNY 1,765,221,441.97 from CNY 1,747,250,050.95 at the end of 2023[30]. - Total liabilities and equity amounted to CNY 5.22 billion as of Q1 2024, compared to CNY 5.20 billion in the previous year[31]. Cash Flow - The net cash flow from operating activities was negative at -¥21,961,212.73, indicating a significant cash outflow[5]. - The company's cash flow from operating activities showed a significant decline, impacting liquidity[25]. - Cash inflow from operating activities for Q1 2024 was CNY 539,624,734.60, an increase of 19.9% compared to CNY 450,015,813.93 in Q1 2023[27]. - Net cash flow from operating activities was -CNY 21,961,212.73, an improvement from -CNY 83,178,455.92 in the same period last year[27]. - Cash inflow from financing activities was CNY 120,980,000.00, up from CNY 100,000,000.00 in Q1 2023[27]. - Cash and cash equivalents decreased to RMB 848,382,137.21 from RMB 972,602,237.18, indicating a decline of approximately 12.8%[16]. - Cash and cash equivalents at the end of Q1 2024 were CNY 586.79 million, down from CNY 689.90 million at the end of Q1 2023[36]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 110,249[10]. - The top three shareholders held a combined total of 594,077,104 shares, accounting for 25.77% of the total shares[10]. - The company’s major shareholders include Fujian Energy Group Co., Ltd., holding 220,338,982 shares, and Fujian Light Textile (Holding) Co., Ltd., holding 193,673,889 shares[11]. - The company’s repurchase account holds 93,488,760 shares, representing 4.05% of total shares outstanding[11]. - The proposed cash dividend distribution for 2023 is RMB 0.17 per 10 shares, totaling RMB 37,609,593.80, subject to shareholder approval[14]. Legal Matters - The company is involved in a legal dispute regarding a technology development contract, with the total amount in question now at RMB 50,949,100, including interest[12]. - The first court hearing for the aforementioned legal case took place on April 12, 2024, with no verdict received yet[12]. Research and Development - Research and development expenses were ¥9,695,320.63, a decrease of 22.3% compared to ¥12,463,929.64 in Q1 2023[23]. - Research and development expenses increased to CNY 3.53 million in Q1 2024, up 159.43% from CNY 1.36 million in Q1 2023[32]. Inventory and Receivables - The company's inventory increased to RMB 551,359,291.67, up from RMB 530,728,038.48, reflecting a growth of about 3.5%[16]. - The accounts receivable rose significantly to RMB 227,351,396.32 from RMB 131,248,530.40, marking an increase of approximately 73.2%[16]. - Inventory increased to CNY 284,512,887.24 from CNY 259,682,578.23 in the previous year[29].