Financial Performance - The company's revenue for Q1 2024 was ¥171,618,941.07, representing a 24.58% increase compared to ¥137,756,554.83 in the same period last year[4] - Net profit attributable to shareholders decreased by 0.83% to ¥10,141,633.98 from ¥10,226,478.49 year-on-year[4] - The net profit excluding non-recurring gains and losses increased by 26.33% to ¥8,191,272.88 from ¥6,484,101.57 in the previous year[4] - Basic earnings per share decreased by 0.80% to ¥0.1117, while diluted earnings per share increased by 22.37% to ¥0.1521[4] - The total operating costs for the first quarter of 2024 are CNY 158.30 million, up from CNY 127.31 million, reflecting a year-over-year increase of 24.4%[28] - The total comprehensive income for Q1 2024 was 10,268,267.71 CNY, up from 8,343,833.20 CNY in Q1 2023, marking an increase of about 23.1%[29] - The operating profit for Q1 2024 was 11,577,576.21 CNY, compared to 11,257,538.59 CNY in Q1 2023, reflecting an increase of approximately 2.9%[29] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥97,599,046.82, a decline of 331.64% compared to ¥42,133,498.06 in the same period last year[4] - The cash flow from operating activities showed a net outflow of -97,599,046.82 CNY in Q1 2024, a significant decline from a net inflow of 42,133,498.06 CNY in Q1 2023[31] - The cash and cash equivalents at the end of Q1 2024 were 294,602,803.90 CNY, down from 379,236,599.48 CNY at the end of Q1 2023, a decrease of approximately 22.3%[32] - The company has reported a decrease in cash and cash equivalents from CNY 429.60 million at the beginning of the period to CNY 349.40 million at the end of the period, a decline of approximately 18.6%[25] - The cash flow from investing activities showed a net outflow of -27,052,641.76 CNY in Q1 2024, an improvement from -57,947,753.64 CNY in Q1 2023[31] - The cash flow from financing activities generated a net inflow of 10,220,845.46 CNY in Q1 2024, compared to 18,282,676.80 CNY in Q1 2023, indicating a decrease of about 44.1%[32] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,613,383,795.77, a slight increase of 0.14% from ¥1,611,186,013.47 at the end of the previous year[4] - The total current assets as of March 31, 2024, are approximately CNY 946.08 million, a decrease from CNY 963.41 million at the beginning of the period[25] - The total liabilities as of March 31, 2024, amount to CNY 802.07 million, compared to CNY 773.34 million at the beginning of the period, indicating an increase of approximately 3.5%[26] - The total assets as of March 31, 2024, are CNY 1.61 billion, slightly up from CNY 1.61 billion at the beginning of the period[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 6,423[16] - The top shareholder, Chen Yiwen, holds 19.99% of shares, totaling 18,150,000 shares[16] - The top ten shareholders collectively hold significant stakes, with the second-largest shareholder, Wenzhou Diji Electronics Technology Co., Ltd., holding 19.82%[16] - The company has a total of 5 shareholders with over 5% ownership, indicating concentrated ownership[16] Share Repurchase and Incentives - The company has repurchased 2,303,800 shares, accounting for 2.54% of the total share capital, with a total transaction amount of approximately RMB 37.05 million[22] - The company plans to repurchase shares for an amount between RMB 50 million and RMB 100 million, with a maximum repurchase price of RMB 20 per share[22] - The company has a plan to continue its share repurchase based on market conditions within the next 12 months[22] - The highest transaction price for repurchased shares was RMB 17.90, while the lowest was RMB 15.23[22] - The company plans to grant a total of 3.71 million shares under the 2024 Restricted Stock Incentive Plan, accounting for 4.09% of the total share capital at the time of the announcement[23] - The first grant will consist of 3.51 million shares, representing 94.61% of the total granted shares and 3.87% of the total share capital[23] Research and Development - Research and development expenses rose by 51.28% to ¥8,841,947.07, driven by new product development and increased personnel costs[12] - Research and development expenses for the first quarter of 2024 are CNY 8.84 million, compared to CNY 5.84 million in the previous year, marking a 51.5% increase[28] Borrowings and Financing - The company reported a significant increase in short-term borrowings, which rose by 40.47% to ¥170,935,532.98 due to increased trade financing[9] - The net cash flow from financing activities decreased by 44.10% to ¥10,220,845.46, primarily due to the impact of share buybacks[14] - The convertible bonds issued by the company have a total value of RMB 334.89 million, with a current conversion price of RMB 19.82 per share[21]
泰福泵业(300992) - 2024 Q1 - 季度财报