Financial Performance - Revenue for Q1 2024 reached ¥360,131,996.65, an increase of 31.01% compared to ¥274,885,882.79 in the same period last year[5] - Net profit attributable to shareholders was ¥47,935,462.11, up 38.22% from ¥34,680,175.72 year-on-year[5] - Basic earnings per share increased by 40.00% to ¥0.49 from ¥0.35 in the previous year[5] - Net profit for Q1 2024 was ¥51,210,930.64, representing a 38.4% increase from ¥37,016,775.24 in Q1 2023[21] - The total comprehensive income for the first quarter of 2024 was CNY 51,210,930.64, compared to CNY 37,016,775.24 in the same period last year, representing an increase of approximately 38.4%[22] - The net profit attributable to the parent company was CNY 47,935,462.11, up from CNY 34,680,175.72, indicating a growth of about 38.2% year-over-year[22] - Basic and diluted earnings per share increased to CNY 0.49 from CNY 0.35, reflecting a rise of approximately 40%[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,395,582,122.56, reflecting a growth of 5.43% from ¥2,272,269,915.68 at the end of the previous year[5] - Total assets as of the end of Q1 2024 amounted to ¥2,395,582,122.56, compared to ¥2,272,269,915.68 at the end of Q1 2023, reflecting a growth of 5.4%[18] - Total liabilities increased to ¥595,691,142.35, up 20.2% from ¥495,342,645.68 in the previous year[18] - The total equity attributable to shareholders of the parent company was ¥1,761,430,615.53, up from ¥1,735,742,373.85, marking a growth of 1.5%[18] Cash Flow - The net cash flow from operating activities was negative at -¥50,889,853.36, a decline of 190.29% compared to ¥56,359,896.21 in the same period last year[5] - Operating cash flow for the first quarter was negative at CNY -50,889,853.36, a decline from a positive CNY 56,359,896.21 in the previous year[25] - Cash and cash equivalents at the end of the period totaled CNY 1,031,787,580.01, compared to CNY 1,103,762,400.76 at the end of the previous year, showing a decrease of about 6.5%[25] - Cash inflow from investment activities was CNY 183,909,866.23, significantly higher than CNY 56,621.59 in the same period last year[25] - Cash outflow from investment activities was CNY 73,773,055.27, compared to CNY 1,965,189.97 in the previous year, indicating a substantial increase in investment spending[25] - The net cash flow from financing activities was CNY 19,460,858.81, a recovery from a negative CNY -22,473,560.00 in the same period last year[25] - The company received CNY 58,892,711.99 in cash from borrowings, a significant increase from CNY 5,137,194.55 in the previous year[25] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,224[10] Research and Development - The company's R&D expenses increased to ¥15,264,987.12, up 28.8% from ¥11,822,000.98 in the previous year[21] - The company is focused on expanding its market presence and enhancing its product offerings through ongoing R&D efforts[14] - The company added a total of 9 new patents during the reporting period, including 4 invention patents[14] - The company has filed for 4 new invention patents, including a connector for compressors and a high-current connector[14] Other Financial Metrics - The company reported a significant increase in accounts receivable financing, rising by 66.87% to ¥41,442,282.13 due to increased sales volume[9] - The company’s intangible assets surged by 201.08% to ¥83,835,968.55, primarily due to land purchases[9] - The net increase in cash and cash equivalents was ¥79,092,763.92, a rise of 149.15% compared to ¥31,745,458.52 in the previous year[9] - Accounts receivable increased to ¥549,569,510.45, up 24.9% from ¥440,093,986.77 at the start of the quarter[16] - The company reported a total of ¥5,105,600.00 in trading financial assets, a slight increase from ¥5,047,600.00[16] - The company’s prepayments were recorded at ¥2,679,699.63, showing a marginal increase from ¥2,640,521.58[16] - The company’s other receivables decreased significantly to ¥5,290,270.73 from ¥17,695,635.12, indicating a reduction of 70.1%[16] - The company’s financing receivables rose to ¥41,442,282.13, up from ¥24,834,915.31, marking a growth of 66.7%[16] - The company’s financial expenses showed a net income of -¥9,669,404.30, improving from -¥6,217,316.36 in the previous year[21]
珠城科技(301280) - 2024 Q1 - 季度财报