Financial Performance - The company's operating revenue for Q1 2024 was ¥457,642,334.91, a decrease of 11.29% compared to ¥515,861,297.86 in the same period last year[5] - Net profit attributable to shareholders increased by 1.08% to ¥29,688,833.79 from ¥29,372,638.58 year-on-year[5] - The company's net profit for Q1 2024 was not explicitly stated, but the decrease in revenue and costs suggests a focus on improving profitability[22] - The net profit for Q1 2024 was CNY 30,294,935.53, an increase of 1.36% compared to CNY 29,888,664.39 in Q1 2023[23] - The total profit before tax was CNY 32,204,693.26, compared to CNY 31,837,421.86 in the same quarter last year[23] - The total comprehensive income for Q1 2024 was CNY 30,339,139.08, compared to CNY 29,654,413.85 in Q1 2023[24] Cash Flow and Assets - The net cash flow from operating activities improved significantly, showing a net inflow of ¥-6,998,098.08, which is a 73.71% increase compared to ¥-26,618,780.86 in the previous year[5] - Cash and cash equivalents decreased to CNY 287,151,086.45 from CNY 354,062,176.25, indicating a cash outflow of approximately 18.87%[18] - The cash flow from operating activities showed a net outflow of CNY -6,998,098.08, an improvement from CNY -26,618,780.86 in Q1 2023[25] - The cash and cash equivalents at the end of the period were CNY 295,700,955.32, down from CNY 311,935,979.15 at the beginning of the period[25] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥2,737,235,456.94, down 3.85% from ¥2,846,980,015.23 at the end of the previous year[6] - Total assets decreased to CNY 2,737,235,456.94 from CNY 2,846,980,015.23, indicating a decline of approximately 3.85%[21] - Total liabilities decreased to CNY 1,423,600,418.17 from CNY 1,565,138,066.35, a reduction of about 9.05%[20] - The company's equity attributable to shareholders increased by 2.54% to ¥1,258,620,913.63 from ¥1,227,442,798.38 year-on-year[6] Investments and Expenditures - Investment income rose by 98.5% compared to the same period last year, attributed to increased earnings from associated companies[12] - The company reported a 100% increase in asset disposal income compared to the previous year, due to the disposal of obsolete equipment[13] - The construction of the nuclear power fan production workshop and new high-end energy-saving ventilation fan projects contributed to a 33.49% increase in construction in progress compared to the previous year[9] - The company has seen a 72.34% increase in cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets, primarily due to ongoing construction projects[13] - The company invested CNY 26,565,751.13 in fixed assets, intangible assets, and other long-term assets, an increase from CNY 15,414,788.22 in Q1 2023[25] Operational Efficiency - Total operating costs for Q1 2024 were CNY 433,638,441.60, down 11.66% from CNY 490,871,000.16 year-over-year[22] - The company plans to focus on cost control and efficiency improvements in the upcoming quarters to enhance profitability[22] - The weighted average return on equity decreased to 2.33% from 2.67% in the previous year[5] Receivables and Inventory - Accounts receivable increased slightly to CNY 803,477,011.61 from CNY 802,230,811.94, reflecting stable collection performance[18] - Inventory decreased to CNY 391,183,775.98 from CNY 431,770,928.47, a reduction of about 9.36%[19] - The company incurred a credit impairment loss of CNY 1,821,547.63, compared to CNY 713,464.11 in the previous year[23]
山东章鼓(002598) - 2024 Q1 - 季度财报