Financial Performance - The company's revenue for Q1 2024 reached ¥138,951,565.48, representing a 32.39% increase compared to ¥104,954,880.55 in the same period last year[5] - Net profit attributable to shareholders was ¥12,978,828.66, up 41.64% from ¥9,162,977.91 year-on-year[5] - Basic and diluted earnings per share increased by 45.45% to ¥0.16 from ¥0.11 in the same quarter last year[5] - Net profit for Q1 2024 was CNY 13,849,810.15, representing a 45.5% increase from CNY 9,530,230.70 in Q1 2023[18] - The company reported a basic earnings per share of CNY 0.16 for Q1 2024, compared to CNY 0.11 in Q1 2023[19] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to -¥3,749,538.70, a 70.28% increase from -¥12,614,631.32 in the previous year[9] - The cash inflow from operating activities for the current period was ¥125,131,657.98, compared to ¥70,999,186.00 in the previous period, representing an increase of approximately 76.5%[20] - The net cash outflow from operating activities was ¥3,749,538.70, an improvement from a net outflow of ¥12,614,631.32 in the previous period[20] - The cash and cash equivalents decreased to ¥163,164,846.11 from ¥176,277,165.45, a decline of approximately 7.5%[13] - The cash inflow from financing activities was ¥23,426,666.40, with a net cash inflow of ¥17,654,252.83 after accounting for cash outflows[22] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥1,103,895,330.92, a 5.84% increase from ¥1,042,985,916.86 at the end of the previous year[5] - Total liabilities rose to CNY 486,525,204.66, compared to CNY 439,194,012.16 in the previous year[15] - Accounts receivable increased to ¥186,861,987.37 from ¥158,090,899.04, representing a growth of about 18.2%[13] - Inventory rose to ¥222,924,045.04 from ¥206,725,226.85, an increase of approximately 7.8%[13] - Total current assets amounted to ¥623,011,630.26, up from ¥584,035,846.69, reflecting an increase of about 6.7%[13] Research and Development - Research and development expenses rose by 64.35% to ¥8,282,144.47, reflecting increased investment in R&D activities[9] - Research and development expenses for Q1 2024 were CNY 8,282,144.47, up from CNY 5,039,340.50 in Q1 2023, indicating a focus on innovation[17] Shareholder Information - Total number of common shareholders at the end of the reporting period is 9,140[11] - The largest shareholder, Xinchang County Yuanwei Technology Co., Ltd., holds 55.43% of shares, totaling 45,316,225 shares[11] - The company has not reported any changes in the top 10 shareholders or their participation in securities lending activities[12] - There are no preferred shareholders or changes in restricted shares reported for the period[12] Government Support and Future Plans - The company received government subsidies amounting to ¥3,886,766.09 related to technology renovation projects[7] - The company plans to expand its market presence and invest in new technologies to drive future growth[18] Accounting and Reporting - The company has not undergone an audit for the first quarter report[23] - The company is implementing new accounting standards starting in 2024, which may affect future financial reporting[23] Other Financial Metrics - The company experienced a 3212.09% increase in net cash flow from financing activities, amounting to ¥17,654,252.83, primarily due to increased project loans[9] - The weighted average return on equity improved to 2.18%, up from 1.57% in the same period last year[5] - The cash outflow for purchasing goods and services was ¥70,002,543.68, up from ¥39,427,131.68, indicating a 77.4% increase[20] - The cash outflow for investing activities was ¥30,230,397.57, a decrease from ¥43,666,160.94, reflecting a 30.8% reduction[22] - The company did not report any cash inflow from investment activities in the current period, with cash inflow from investment activities being ¥19,193.81 in the previous period[22]
远信工业(301053) - 2024 Q1 - 季度财报