常润股份(603201) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 631,176,909.61, representing a year-on-year increase of 4.89%[5] - The net profit attributable to shareholders for the same period was CNY 47,234,231.52, reflecting a significant increase of 73.25% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 47,317,700.19, up by 78.93% year-on-year[5] - The basic and diluted earnings per share were both CNY 0.42, which is a 75.00% increase compared to the previous year[5] - Total operating revenue for Q1 2024 reached ¥631,176,909.61, an increase of 4.5% compared to ¥601,738,494.94 in Q1 2023[19] - Net profit for Q1 2024 was ¥48,604,271.89, a significant increase of 64.9% from ¥29,478,238.05 in Q1 2023[20] - Total comprehensive income for Q1 2024 was ¥41,431,316.93, compared to ¥29,045,862.43 in Q1 2023, reflecting a growth of 42.8%[21] Cash Flow and Liquidity - The net cash flow from operating activities reached CNY 80,214,248.68, marking a 16.90% increase from the same period last year[5] - Cash flow from operating activities for Q1 2024 was ¥80,214,248.68, up from ¥68,618,448.00 in Q1 2023, indicating a 16.5% increase[23] - Cash and cash equivalents stood at RMB 669,697,774.19, up from RMB 638,976,723.58, representing a growth of approximately 4.5%[13] - Cash and cash equivalents at the beginning of Q1 2024 were $561.87 million, down from $664.67 million in Q1 2023, representing a decrease of approximately 15.5%[24] - Cash and cash equivalents at the end of Q1 2024 were $660.08 million, compared to $772.14 million at the end of Q1 2023, indicating a decline of about 14.5%[24] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 2,816,816,747.97, up 3.63% from the end of the previous year[6] - The company's total current assets reached RMB 2,032,036,297.47, compared to RMB 1,979,594,638.00 at the end of 2023, indicating an increase of about 2.6%[14] - The company's total liabilities as of March 31, 2024, were RMB 1,247,613,211.43, compared to RMB 1,190,379,330.97 at the end of 2023, reflecting an increase of approximately 4.8%[16] - The total equity attributable to shareholders reached RMB 1,515,656,817.33, an increase from RMB 1,475,595,540.77, indicating a growth of about 2.7%[16] Expenses and Investments - Total operating costs for Q1 2024 were ¥567,968,577.24, up from ¥557,122,762.32 in Q1 2023, reflecting a 1.5% increase[19] - Research and development expenses for Q1 2024 totaled ¥5,554,696.47, an increase of 24% from ¥4,483,398.05 in Q1 2023[20] - Investment activities resulted in a net cash outflow of -¥55,960,357.40 in Q1 2024, compared to -¥38,466,729.66 in Q1 2023, indicating increased investment activity[23] Other Financial Metrics - The weighted average return on equity was 3.15%, an increase of 1.05 percentage points from the end of the previous year[6] - Non-recurring gains and losses for the period totaled CNY -83,468.67 after tax and minority interest adjustments[8] - The increase in net profit is primarily attributed to improved gross profit margins and exchange rate fluctuations[8] - The company reported a decrease in inventory from RMB 438,690,524.38 to RMB 402,327,047.69, which is a reduction of approximately 8.3%[14] - The company's short-term borrowings increased to RMB 262,732,673.29 from RMB 182,566,529.96, representing a rise of about 43.9%[15] - The deferred income tax assets rose to RMB 24,058,555.88 from RMB 17,476,510.21, indicating an increase of approximately 37.6%[15] - The company’s non-current assets totaled RMB 784,780,450.50, up from RMB 738,556,912.58, reflecting an increase of about 6.3%[15] - The company has adopted new accounting standards starting in 2024, which may impact financial reporting[24]