Financial Performance - The company's revenue for Q1 2024 reached ¥102,222,488.35, representing a 45.35% increase compared to ¥70,329,507.63 in the same period last year[5] - Net profit attributable to shareholders was ¥22,793,918.62, up 22.23% from ¥18,647,857.42 year-on-year[5] - The net profit excluding non-recurring gains and losses increased by 76.54% to ¥20,945,311.97 from ¥11,864,074.81 in the previous year[5] - The company's basic and diluted earnings per share were both ¥0.16, reflecting a 23.08% increase from ¥0.13[5] - Operating profit for Q1 2024 was ¥26,569,450.00, up 26.0% from ¥20,948,700.75 in Q1 2023[19] - Net profit attributable to the parent company was ¥22,793,918.62, representing a 22.9% increase compared to ¥18,647,857.42 in the previous year[19] Assets and Liabilities - The total assets at the end of Q1 2024 were ¥1,360,329,768.20, a slight increase of 0.49% from ¥1,353,660,301.76 at the end of the previous year[5] - The total assets of Zhejiang Weigang Technology Co., Ltd. as of March 31, 2024, amounted to CNY 1,360,329,768.20, an increase from CNY 1,353,660,301.76 at the beginning of the period[16] - Total current liabilities increased to CNY 238,285,645.11 from CNY 230,800,947.87, showing a rise of about 3.2%[16] - The company's total liabilities reached CNY 250,439,403.39, up from CNY 242,029,259.78, marking an increase of approximately 3.5%[16] - The total equity of the company as of March 31, 2024, was CNY 1,109,890,364.81, reflecting an increase from CNY 1,111,630,041.98 at the beginning of the period[16] Cash Flow - The cash flow from operating activities was negative at -¥5,419,987.74, a decline of 228.01% compared to a positive cash flow of ¥4,234,068.15 in the same period last year[5] - Cash flow from operating activities showed a net outflow of ¥5,419,987.74, a decline from a net inflow of ¥4,234,068.15 in the same quarter last year[20] - The company's cash and cash equivalents decreased to CNY 300,032,484.53 from CNY 368,775,909.63, reflecting a decline of approximately 18.6%[15] - Cash and cash equivalents at the end of Q1 2024 totaled ¥298,922,484.53, down from ¥700,963,988.58 at the end of Q1 2023[21] Expenses - The company’s sales expenses rose by 39.33% to ¥5,637,235.01, attributed to increased exhibition costs[9] - The company reported a significant increase in research and development expenses, totaling ¥4,734,381.41, compared to ¥5,267,989.49 in the previous year[18] Other Financial Metrics - The company reported a significant increase in accounts receivable financing by 56.15%, reaching ¥2,857,495.63[8] - The company experienced a 121.62% increase in other current assets, totaling ¥162,781,393.54, primarily due to an increase in bank wealth management products maturing within one year[8] - Accounts receivable increased to CNY 10,080,965.44 from CNY 9,176,648.57, representing an increase of about 9.8%[15] - Inventory rose to CNY 170,496,037.71 from CNY 155,666,776.54, indicating an increase of approximately 9.5%[15] Corporate Actions - The company repurchased 2,468,600 shares, accounting for 1.73% of the total share capital[12] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[19] Reporting and Compliance - The first quarter report is unaudited[22] - The company will implement new accounting standards starting from 2024[22] - The legal representative of the company is Zhou Bingsong[23] - The board of Zhejiang Weigang Technology Co., Ltd. issued the report on April 29, 2024[23]
炜冈科技(001256) - 2024 Q1 - 季度财报