久吾高科(300631) - 2024 Q1 - 季度财报

Revenue and Profitability - Revenue for Q1 2024 was CNY 81,133,318.95, a decrease of 40.35% compared to CNY 136,024,050.34 in the same period last year[5] - Net profit attributable to shareholders was CNY 14,026,239.47, an increase of 172.06% from CNY 5,155,582.34 year-on-year[5] - Net profit excluding non-recurring gains and losses reached CNY 12,362,833.25, up 340.47% from CNY 2,806,727.64 in the previous year[6] - Basic and diluted earnings per share were CNY 0.1154, reflecting a growth of 174.76% from CNY 0.0420 year-on-year[6] - Net profit for Q1 2024 was CNY 14,066,989.57, significantly higher than CNY 5,143,301.67 in the same period last year, representing a year-over-year increase of approximately 173.5%[21] - Earnings per share for Q1 2024 were CNY 0.1154, compared to CNY 0.0420 in the same period last year, reflecting improved profitability[21] Cash Flow and Financial Activities - Operating cash flow net amount was CNY 2,977,943.44, a significant increase of 104.76% compared to -CNY 62,594,181.92 in the same period last year[6] - The company reported a net cash flow from operating activities of CNY 2,977,943.44, a recovery from a negative cash flow of CNY -62,594,181.92 in the previous period[23] - Cash inflow from operating activities totaled CNY 123,071,044.74, slightly up from CNY 119,375,781.77 in the previous period[23] - In Q1 2024, the net cash flow from financing activities was -4,556,070.43 CNY, compared to 28,910,633.33 CNY in Q1 2023, indicating a significant decrease[24] - The cash flow from financing activities in Q1 2024 included cash payments of 54,556,070.43 CNY, compared to 1,089,366.67 CNY in Q1 2023, indicating a significant rise in financing activities[24] - The cash flow from other financing activities was 23,132,467.65 CNY in Q1 2024, with no corresponding figure reported for Q1 2023, suggesting new financing strategies[24] - The cash outflow for debt repayment in Q1 2024 was 31,000,000.00 CNY, significantly higher than 1,000,000.00 CNY in Q1 2023, indicating a substantial increase in debt servicing[24] - The net increase in cash and cash equivalents for Q1 2024 was 1,790,864.39 CNY, contrasting with a decrease of 13,529,682.28 CNY in Q1 2023[24] Assets and Liabilities - Total assets decreased by 4.48% to CNY 1,808,253,794.95 from CNY 1,893,031,949.03 at the end of the previous year[6] - As of March 31, 2024, the total assets of Jiangsu Jiuwu High-Tech Co., Ltd. amounted to RMB 1,808,253,794.95, a decrease from RMB 1,893,031,949.03 at the beginning of the period[16] - The company's total liabilities decreased from RMB 672,864,006.24 to RMB 596,909,527.68, indicating a reduction of approximately 11.3%[18] - The cash and cash equivalents decreased from RMB 248,236,988.36 to RMB 219,200,095.98, a decline of about 11.7%[17] - The accounts receivable decreased from RMB 583,766,925.82 to RMB 552,771,848.25, reflecting a reduction of approximately 5.3%[17] - The inventory increased from RMB 187,096,835.17 to RMB 193,243,210.13, an increase of about 3.1%[17] - The long-term equity investments increased from RMB 128,943,632.89 to RMB 131,923,448.01, an increase of approximately 2.4%[17] - The company's short-term borrowings increased from RMB 70,052,638.89 to RMB 90,027,777.78, an increase of about 28.5%[18] Investment and Costs - Investment income surged by 3515.89% year-on-year, primarily due to earnings from joint ventures[11] - The company reported a 48.52% decrease in operating costs, correlating with the decline in revenue[11] - Total operating costs for Q1 2024 were CNY 86,128,249.30, compared to CNY 135,789,057.37 in the previous period[20] - Research and development expenses increased to CNY 11,247,258.42 in Q1 2024, up from CNY 8,658,823.48 in the previous period, indicating a focus on innovation[20] - The company achieved a gross profit margin of approximately 6.5% in Q1 2024, down from the previous period's margin[20] - The company reported an increase in investment income of CNY 2,658,942.35, compared to a loss of CNY -77,840.46 in the previous period[20] Share Repurchase and Incentives - The company plans to repurchase shares with a total amount not less than RMB 30 million and not exceeding RMB 50 million, with a maximum repurchase price of RMB 38 per share[14] - The company has implemented a stock incentive plan to attract and retain talent, which has been approved by the board and shareholders[15] - The company repurchased a total of 1,633,600 shares, representing 1.33% of the total share capital[14] Audit and Financial Reliability - The company did not undergo an audit for the Q1 2024 report, which may affect the perception of financial reliability[25] - The company’s board confirmed that the Q1 2024 report was not audited, which may influence investor confidence in the reported figures[25] Foreign Exchange Impact - The company experienced a foreign exchange impact on cash and cash equivalents of 31,751.62 CNY in Q1 2024, compared to a negative impact of -200,283.49 CNY in Q1 2023, indicating improved currency stability[24]