天岳先进(688234) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 reached ¥426,068,533.52, representing a year-on-year increase of 120.66%[4] - Net profit attributable to shareholders was ¥46,099,895.98, with a basic and diluted earnings per share of ¥0.11[4] - The company reported a significant increase in cash received from sales, contributing to improved financial performance despite negative cash flow from operating activities[8] - Total operating revenue for Q1 2024 reached ¥426,068,533.52, a significant increase of 120.5% compared to ¥193,084,860.79 in Q1 2023[21] - Net profit for Q1 2024 was ¥46,099,895.98, compared to a net loss of ¥28,156,102.73 in Q1 2023, indicating a turnaround in profitability[22] - Basic earnings per share for Q1 2024 were ¥0.11, compared to a loss of ¥0.07 per share in Q1 2023[23] - Other income for Q1 2024 amounted to ¥22,066,690.94, compared to ¥7,942,569.64 in Q1 2023, showing a substantial increase[21] - The company reported a comprehensive income total of ¥44,980,657.14 for Q1 2024, compared to a loss of ¥29,186,567.45 in Q1 2023[23] Cash Flow and Investments - The net cash flow from operating activities was negative at -¥39,060,029.41[4] - In Q1 2024, the company reported cash inflows from operating activities totaling CNY 431,348,761.67, an increase from CNY 274,471,887.97 in Q1 2023, representing a growth of approximately 57%[24] - The net cash flow from operating activities for Q1 2024 was -CNY 39,060,029.41, an improvement compared to -CNY 58,287,032.14 in Q1 2023[25] - Cash outflows from operating activities increased to CNY 470,408,791.08 in Q1 2024, up from CNY 332,758,920.11 in the same period last year, indicating a rise of about 41%[25] - The company recorded cash inflows from investment activities of CNY 274,959,217.18 in Q1 2024, a significant decrease from CNY 2,001,759,303.46 in Q1 2023[25] - Cash outflows from investment activities were CNY 235,309,838.82 in Q1 2024, down from CNY 1,170,257,875.38 in Q1 2023, reflecting a reduction of approximately 80%[25] - The net cash flow from investment activities for Q1 2024 was CNY 39,649,378.36, a decline from CNY 831,501,428.08 in Q1 2023[25] - The company raised CNY 100,000,000.00 through financing activities in Q1 2024, compared to CNY 864,685.31 in Q1 2023[25] - The net cash flow from financing activities was CNY 46,970,920.30 in Q1 2024, a significant increase from -CNY 54,972.88 in Q1 2023[25] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥7,107,362,372.98, an increase of 2.84% compared to the end of the previous year[4] - As of March 31, 2024, the company's total assets amounted to RMB 7,107,362,372.98, an increase from RMB 6,911,352,711.87 at the end of 2023, reflecting a growth of approximately 2.83%[18] - The company's cash and cash equivalents reached RMB 1,154,893,107.06, up from RMB 1,029,748,442.30 in the previous year, indicating an increase of about 12.14%[18] - Inventory levels rose to RMB 1,003,103,164.61, compared to RMB 843,276,712.15 at the end of 2023, representing a growth of approximately 18.94%[18] - Accounts receivable rose to RMB 344,234,009.97, compared to RMB 308,783,446.40 in the previous year, marking an increase of approximately 11.48%[18] - Total liabilities increased to ¥1,888,897,510.01 in Q1 2024 from ¥1,684,840,023.14 in Q1 2023, representing an increase of 12.1%[20] - The company's total current liabilities increased, with accounts payable at RMB 602,619,716.26, down from RMB 703,435,759.58, showing a decrease of about 14.34%[19] - The company reported a total of RMB 4,231,117,633.96 in non-current assets, up from RMB 4,107,485,814.66, reflecting an increase of approximately 3.01%[19] - The company’s total equity attributable to shareholders was ¥5,218,464,862.97 in Q1 2024, slightly down from ¥5,226,512,688.73 in Q1 2023[20] Research and Development - R&D investment totaled ¥22,283,293.95, a decrease of 42.54% year-on-year, accounting for 5.23% of operating revenue, down 14.86 percentage points[4] - Research and development expenses for Q1 2024 were ¥22,283,293.95, a decrease of 42.5% from ¥38,783,368.56 in Q1 2023[21] Shareholder Information - The top ten shareholders held a total of 30.09% of the shares, with the largest shareholder owning 129,302,726 shares[9] - The company has repurchased a total of 988,701 shares, accounting for 0.2301% of the total share capital, with a total expenditure of RMB 53,018,533.24[17] Government Support - The company received government subsidies amounting to ¥8,542,868.77, which are closely related to its normal business operations[7] Financial Management - The weighted average return on net assets increased by 1.42 percentage points to 0.88%[4] - The company’s financial performance indicates a positive trend in liquidity and asset management, with a focus on maintaining operational efficiency and strategic growth[16]