Financial Performance - The company's revenue for Q1 2024 was ¥486,122,130.10, representing a 15.40% increase compared to ¥421,252,014.28 in the same period last year[5] - Net profit attributable to shareholders decreased by 20.18% to ¥28,590,375.82 from ¥35,820,253.73 year-on-year[5] - Basic and diluted earnings per share fell by 40.24% to ¥0.294 from ¥0.492 in the same period last year[5] - Total operating revenue for the current period reached ¥486,122,130.10, an increase of 15.4% compared to ¥421,252,014.28 in the previous period[22] - Net profit for the current period was ¥28,590,378.88, a decrease of 20.2% from ¥35,820,253.73 in the previous period[24] Cash Flow and Operating Activities - The net cash flow from operating activities improved by 41.69%, reaching -¥20,977,721.23 compared to -¥35,977,416.83 in the previous year[5] - Cash flow from operating activities showed a net outflow of ¥20,977,721.23, an improvement from a net outflow of ¥35,977,416.83 in the prior period[26] - Cash and cash equivalents at the end of the period increased to ¥370,871,915.89 from ¥220,386,308.93 at the end of the previous period[27] - Investment activities resulted in a net cash outflow of ¥16,119,431.83, compared to a net outflow of ¥27,763,096.97 in the previous period[27] - Financing activities generated a net cash inflow of ¥47,946,478.73, contrasting with a net outflow of ¥1,298,699.86 in the prior period[27] Assets and Liabilities - Total assets increased by 1.54% to ¥3,435,030,936.26 from ¥3,382,794,223.09 at the end of the previous year[5] - Current assets totaled CNY 2,746,857,873.64, slightly up from CNY 2,734,699,863.87 at the start of the period[19] - Total liabilities were CNY 1,157,801,525.10, compared to CNY 1,135,922,274.14 at the beginning of the period[20] - The company's equity attributable to shareholders rose to CNY 2,276,929,408.10 from CNY 2,246,871,948.95[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 12,444[13] - The top two shareholders, Bu Xiaohua and Sun Qunxia, each hold 21.63% of the shares, totaling 21,000,000 shares[14] - Yang Yuwei, another major shareholder, holds 18.54% of the shares, amounting to 18,000,000 shares[14] - The company has a total of 5.21% of shares held by Shanghai Xianghe Yongyuan Equity Investment Partnership, which equals 5,056,400 shares[14] - The report indicates that the company has a limited number of preferred shareholders, with no significant changes noted[15] Expenses and Investments - The company recorded a 72.61% rise in selling expenses, totaling ¥5,017,900.04, mainly due to increased travel and commission costs[10] - Cash paid to employees increased by 49.57% to ¥27,221,178.60, reflecting higher salary payments[11] - Research and development expenses were ¥15,326,128.93, an increase of 17.5% from ¥13,047,095.74 in the previous period[22] - The company made a new equity investment of ¥16,800,000.00 in Shanshui Green Energy during the quarter[11] Accounting and Reporting - The first quarter report has not been audited[28] - The new accounting standards will be implemented starting in 2024[28] - The financial statement items related to the first year of implementation will be adjusted accordingly[28] - The board of directors of Wuxi Xinhongye Cable Technology Co., Ltd. released the report on April 29, 2024[28] - The company is preparing for the transition to the new accounting standards[28] Market and Product Development - The report does not indicate any new product launches or technological developments during this quarter[15] - The company has not disclosed any future market expansion or acquisition strategies in this report[15] - Future outlook and performance guidance were not provided in the document[28] - Market expansion and mergers or acquisitions were not discussed[28] - Other new strategies were not highlighted in the content[28]
鑫宏业(301310) - 2024 Q1 - 季度财报