华伍股份(300095) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥241,937,940.43, a decrease of 18.10% compared to ¥295,421,938.73 in the same period last year[5] - Net profit attributable to shareholders decreased by 60.42% to ¥16,741,980.42 from ¥42,301,215.92 year-on-year[5] - Total operating revenue for Q1 2024 was CNY 241,937,940.43, a decrease of 18.1% compared to CNY 295,421,938.73 in Q1 2023[22] - Net profit for Q1 2024 was CNY 14,740,541.16, a decline of 61.9% compared to CNY 38,693,562.04 in Q1 2023[23] - Total comprehensive income for the first quarter was CNY 14,824,099.74, a decrease of 61.6% compared to CNY 38,665,395.25 in the previous year[24] Cash Flow and Financial Stability - The net cash flow from operating activities improved significantly, reaching ¥36,899,658.00 compared to a negative cash flow of ¥56,537,235.36 in the previous year, marking a 165.27% increase[5] - Net cash flow from operating activities was CNY 36,899,658.00, a significant improvement from a negative CNY 56,537,235.36 in the same period last year[27] - Cash inflow from sales of goods and services reached CNY 342,129,327.38, up 70.7% from CNY 200,244,430.77 in the previous year[26] - Cash outflow from financing activities was CNY 178,816,120.53, compared to CNY 220,190,023.92 in the previous year, indicating a reduction in financing costs[27] - The company’s total liabilities decreased, reflecting improved financial stability and management[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,624,443,322.54, down 2.47% from ¥3,716,421,248.71 at the end of the previous year[5] - The company's total assets decreased to CNY 3,624,443,322.54 from CNY 3,716,421,248.71, reflecting a reduction of 2.5%[20] - Current liabilities totaled CNY 819,268,731.49, down 20.9% from CNY 1,036,061,520.06 in the previous year[20] - Long-term borrowings increased to CNY 491,900,000.00, up 32.2% from CNY 372,180,000.00 in Q1 2023[20] Operational Efficiency - The company's gross profit margin in the wind power sector decreased, leading to a 51.59% drop in sales revenue from this segment[8] - The company reported a decrease in gross profit margin, with gross profit for Q1 2024 at CNY 72,919,668.43, down from CNY 95,414,792.36 in Q1 2023[22] - Total operating costs for Q1 2024 were CNY 228,795,121.00, down 11.6% from CNY 259,144,716.50 in the same period last year[22] Shareholder Actions - The company has repurchased a total of 1,038,000 shares, representing 0.2471% of the total share capital, with a total expenditure of RMB 6,759,442[16] - The share repurchase plan has a budget of between RMB 50,000,000 and RMB 100,000,000, with a maximum purchase price of RMB 10.00 per share[15] - As of the end of the reporting period, the company held 12,038,000 shares in a buyback account, accounting for 2.87% of the total share capital[14] - The company plans to continue its share repurchase program based on market conditions within the next 12 months[16] Future Outlook and Strategy - The company is focusing on developing its industrial brake system segment and expanding into new applications in smart machinery and aviation components[9] - The company plans to enhance market development and technological innovation to promote high-quality growth amid industry challenges[9] - The company plans to focus on market expansion and new product development to improve future performance[23] - The company has not disclosed any new product developments or market expansion strategies in this reporting period[14] Other Financial Metrics - The weighted average return on equity decreased to 0.79% from 1.96% year-on-year[5] - The company reported a basic and diluted earnings per share of CNY 0.0410, down from CNY 0.1009 in the previous year[24] - Cash and cash equivalents at the end of the period totaled CNY 505,900,660.36, a decrease from CNY 619,194,527.08 at the end of the previous year[27] - The company recorded cash inflow from investment activities of CNY 10,804,794.62, a slight increase from CNY 11,740.80 in the previous year[27] - The net cash flow from investment activities was CNY 1,312,552.40, recovering from a negative CNY 15,365,194.35 in the previous year[27] Miscellaneous - The first quarter report was not audited, indicating that the figures are preliminary and subject to change[29]