国机精工(002046) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥636,442,027.56, an increase of 3.04% compared to ¥617,670,449.66 in the same period last year[5] - Net profit attributable to shareholders was ¥85,523,701.41, reflecting a year-on-year growth of 14.88% from ¥74,444,480.23[5] - The net profit after deducting non-recurring gains and losses reached ¥65,764,408.19, which is a significant increase of 52.58% compared to ¥43,101,846.35 in the previous year[5] - Basic earnings per share increased to ¥0.1631, up 14.86% from ¥0.1420 in the previous year[5] - Net profit for Q1 2024 was CNY 88,550,521.00, up 15.4% from CNY 76,712,314.57 in the same period last year[20] - The net profit attributable to the parent company was CNY 85,523,701.41, an increase of 14.9% year-over-year[20] - Basic earnings per share rose to CNY 0.1631 from CNY 0.1420, reflecting a growth of 14.0%[20] Cash Flow and Financing Activities - The company's cash flow from operating activities showed a net outflow of ¥142,487,434.92, worsening by 47.48% from a net outflow of ¥96,617,962.08 in the same period last year[5] - In Q1 2024, the net cash flow from financing activities was -23,877,757.20, compared to -39,940,806.57 in the same period last year, indicating an improvement[22] - The total cash and cash equivalents at the end of Q1 2024 were 425,589,925.37, down from 449,015,373.34 in Q1 2023[22] - The cash inflow from financing activities totaled 332,500,000.00, an increase from 249,500,000.00 year-over-year[22] - Cash outflow from financing activities was 356,377,757.20, compared to 289,440,806.57 in the previous year, reflecting a higher expenditure[22] - The company received cash from borrowings amounting to 299,500,000.00, up from 249,500,000.00 in the previous year[22] - The company reported a decrease in cash and cash equivalents by 227,760,980.30 in Q1 2024, compared to a decrease of 166,244,688.23 in Q1 2023[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,255,662,270.93, representing a 1.73% increase from ¥5,166,283,467.73 at the end of the previous year[5] - The total assets of the company as of March 31, 2024, amounted to CNY 5,255,662,270.93, an increase from CNY 5,166,283,467.73 at the beginning of the period, reflecting a growth of approximately 1.72%[15] - Accounts receivable increased significantly to CNY 967,183,583.17 from CNY 626,079,765.24, marking an increase of approximately 54.5%[15] - The total current liabilities rose to CNY 1,180,978,952.91 from CNY 1,165,292,361.77, indicating a slight increase of about 1.35%[16] - The company's total liabilities decreased to CNY 1,757,176,089.25 from CNY 1,791,433,557.00, showing a reduction of approximately 1.91%[16] - The equity attributable to owners of the company increased to CNY 1,105,647,829.43 from CNY 1,020,124,128.02, reflecting a growth of about 8.38%[16] - Inventory levels remained stable, with a slight increase to CNY 533,424,923.20 from CNY 525,271,826.67, representing a growth of approximately 1.9%[15] - The company reported a decrease in short-term borrowings to CNY 279,563,555.54 from CNY 288,680,690.92, a decline of about 3.9%[16] - The company's long-term borrowings decreased to CNY 387,666,666.67 from CNY 437,666,666.67, indicating a reduction of approximately 11.4%[16] - Deferred tax assets increased to CNY 83,584,132.61 from CNY 80,123,981.44, reflecting a growth of about 5.5%[16] Expenses - The company reported a 54.97% increase in selling expenses, primarily due to an increase in the number of sales personnel and higher employee compensation[8] - Total operating costs decreased to CNY 540,608,002.03 from CNY 547,530,561.55, representing a reduction of 1.7%[18] - Research and development expenses decreased to CNY 43,288,461.56 from CNY 48,004,608.07, a decline of 9.0%[18] - The company reported a decrease in financial expenses to CNY 2,892,254.25 from CNY 6,264,713.95, a reduction of 53.8%[18] - Other income decreased to CNY 19,167,422.81 from CNY 28,840,946.68, a decline of 33.7%[18] Accounting and Reporting - The company did not undergo an audit for the Q1 2024 report, which may affect the reliability of the financial data presented[23] - The company has not yet implemented the new accounting standards as of the beginning of 2024, which may influence future financial reporting[23] - The cash flow from operations was not detailed in the provided data, indicating a need for further analysis[22] - The impact of exchange rate fluctuations on cash and cash equivalents was positive at 60,379.56, contrasting with a negative impact of -13,118.52 in the previous year[22]