Financial Performance - The company's operating revenue for Q1 2024 was ¥219,469,810.07, representing a 48.01% increase compared to ¥148,277,327.05 in the same period last year[6] - Net profit attributable to shareholders for Q1 2024 was ¥16,133,927.69, a 67.94% increase from ¥9,606,929.96 year-on-year[6] - The net profit after deducting non-recurring gains and losses was ¥13,959,449.11, reflecting a significant increase of 138.82% compared to ¥5,845,174.65 in the previous year[6] - The company's basic and diluted earnings per share for Q1 2024 were both ¥0.20, up 66.67% from ¥0.12 in the same quarter last year[6] - Total operating revenue for Q1 2024 reached ¥219,469,810.07, a significant increase from ¥148,277,327.05 in the previous period[23] - Total operating costs for Q1 2024 were ¥204,270,753.88, compared to ¥143,751,451.30 in the prior period, reflecting a rise in operational expenses[23] - Operating profit for Q1 2024 was ¥17,487,800.95, up from ¥10,324,864.60 in the same period last year[23] - The total profit for the period reached ¥17,488,369.47, a significant increase from ¥10,322,637.63 in the previous period, representing a growth of approximately 69.1%[25] - Net profit attributable to the parent company was ¥16,133,927.69, up from ¥9,606,929.96, indicating a year-over-year increase of about 67.0%[25] - Basic and diluted earnings per share improved to ¥0.20, compared to ¥0.12 in the prior period, reflecting a growth of 66.7%[25] - The company reported a net profit margin improvement, with net profit increasing due to higher revenue and controlled costs[23] Assets and Liabilities - The total assets at the end of Q1 2024 were ¥1,983,070,558.05, a decrease of 1.90% from ¥2,021,485,107.68 at the end of the previous year[6] - Total assets decreased to ¥1,983,070,558.05 from ¥2,021,485,107.68 at the beginning of the period[22] - Total liabilities decreased to ¥849,836,825.66 from ¥884,561,806.37 at the beginning of the period[22] - Cash and cash equivalents at the end of the period were ¥626,421,646.52, down from ¥794,151,208.97 at the beginning of the period[21] - Cash and cash equivalents at the end of the period totaled ¥584,522,578.76, down from ¥739,515,926.00 at the beginning of the period, a decrease of approximately 20.9%[30] - Accounts receivable increased to ¥262,000,290.01 from ¥317,631,960.36, indicating a change in credit terms or sales volume[21] - Inventory remained relatively stable at ¥148,221,149.76, compared to ¥149,936,108.10 at the beginning of the period[21] Cash Flow - The net cash flow from operating activities was -¥85,227,914.68, a significant decline of 602.27% compared to -¥12,136,081.28 in the same period last year[6] - Operating cash flow for the period was negative at -¥85,227,914.68, worsening from -¥12,136,081.28 in the previous year[28] - The company reported cash inflows from operating activities of ¥108,825,520.44, compared to ¥205,861,528.19 in the previous period, a decline of about 47.3%[28] - Investment activities resulted in a net cash outflow of -¥108,690,249.22, compared to -¥21,680,122.02 in the prior year, indicating increased investment expenditures[28] - Financing activities generated a net cash inflow of ¥38,924,816.66, slightly up from ¥35,925,252.21 in the previous period, showing a stable financing environment[30] - The company received cash from investments amounting to ¥40,247,013.70, an increase from ¥30,243,424.66 in the previous year, reflecting a growth of approximately 33.2%[28] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,027, with the largest shareholder holding 35.37% of the shares[11] - The company issued 3.8 million convertible bonds with a total amount of RMB 38 million, which were listed on August 30, 2023[15] - As of the end of Q1 2024, 1,045 convertible bonds were converted into 3,696 shares of stock, with 3,798,955 bonds remaining[16] - The company plans to repurchase shares with a total amount between RMB 20 million and RMB 40 million, with a maximum repurchase price of RMB 36 per share[17] - The company has repurchased a total of 945,000 shares, accounting for 1.1813% of the total share capital, with a total transaction amount of RMB 20,493,636[17] Investment Activities - The company invested RMB 20.614656 million to acquire a 65.9295% stake in Suzhou Nascondi Automotive Parts Co., Ltd[18] Future Outlook - The company plans to focus on expanding its market presence and investing in new product development in the upcoming quarters[24]
宏昌科技(301008) - 2024 Q1 - 季度财报