东富龙(300171) - 2024 Q1 - 季度财报

Financial Performance - The diluted earnings per share for the reporting period is CNY 0.0850[4] - Net profit decreased by 72.01% compared to the same period last year, primarily due to market competition affecting overall gross margin[6] - The net profit for the current period is CNY 68,109,786.32, a decrease of 72% compared to CNY 243,338,626.35 in the previous period[28] - The total profit for the current period is CNY 85,242,402.83, down from CNY 274,325,528.02, reflecting a decline of approximately 69%[28] - Net profit attributable to shareholders for Q1 2024 was ¥64,664,107.55, down 72.01% from ¥231,048,479.97 year-over-year[54] - Basic and diluted earnings per share for Q1 2024 were both ¥0.0850, a decrease of 72.20% from ¥0.3058 in the same period last year[54] Revenue and Costs - The total operating revenue for the period was ¥1,108,769,112.04, a decrease of approximately 22% compared to ¥1,422,858,225.87 in the previous period[26] - The total operating costs amounted to ¥1,022,134,287.29, down from ¥1,135,707,952.42, reflecting a cost reduction strategy[26] - The company's operating revenue for Q1 2024 was ¥1,108,769,112.04, a decrease of 22.07% compared to ¥1,422,858,225.87 in the same period last year[54] Cash Flow - Cash flow from operating activities increased by 2275.71% year-on-year, driven by increased sales receipts and reduced purchase expenditures[13] - The cash inflow from operating activities is CNY 1,293,034,824.36, slightly up from CNY 1,273,537,066.45 in the previous period[38] - The net cash flow from operating activities was ¥202,163,954.16, a significant increase of 2,275.71% compared to -¥9,291,858.17 in the previous year[54] - The net cash increase for the period was ¥19,709,451.57, contrasting with a decrease of ¥844,597,218.27 in the same period last year[54] Assets and Liabilities - The total assets reached ¥12,994,217,385.81, up from ¥12,898,331,017.19, showing growth in the asset base[26] - Total liabilities increased slightly to ¥4,818,928,283.97 from ¥4,788,877,438.21, reflecting a stable leverage position[26] - The company's total liabilities decreased by 38.88% due to the payment of employee performance bonuses[6] - Total assets at the end of Q1 2024 were ¥12,994,217,385.81, reflecting a 0.74% increase from ¥12,898,331,017.19 at the end of the previous year[54] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 32,809[17] - The equity attributable to shareholders rose to ¥7,941,112,983.92 from ¥7,879,220,430.19, indicating a positive trend in shareholder value[26] - Shareholders' equity attributable to the company was ¥7,941,112,983.92, up 0.79% from ¥7,879,220,430.19 at the end of the previous year[54] Government Support and Other Income - The company received government subsidies amounting to CNY 2,074,718.95 during the reporting period[4] - Other income increased by 50.62% compared to the previous year, mainly due to an increase in government subsidies received[59] Investment and Non-Operating Income - Non-operating income grew by 114.29% year-on-year, mainly due to increased penalties and compensations received[16] - The company reported a net investment income of CNY 3,236,906.50, recovering from a loss of CNY 7,674,282.78 in the previous period[28] - Investment income changed by 142.18% year-over-year, primarily due to increased interest income from time deposits and large certificates of deposit[59] Expenses - Research and development expenses amount to CNY 74,143,815.40, a decrease of 6.5% from CNY 79,333,875.26 in the previous period[28] - Sales expenses decreased to CNY 58,086,200.27, down 7% from CNY 62,445,774.62[28] - The company experienced a decrease in tax expenses to CNY 17,132,616.51 from CNY 30,986,901.67, a reduction of approximately 44%[28] - The company's income tax expense decreased by 44.71% compared to the previous year, mainly due to a reduction in total profit[59] - The company has reported a decrease in management expenses to CNY 123,725,267.50, slightly up from CNY 121,406,420.83 in the previous period[28] Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[26] - The management highlighted ongoing efforts in technology research and development to enhance competitive advantage[26]