隆基机械(002363) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was CNY 538,750,514.69, a slight increase of 0.15% compared to CNY 537,955,639.53 in the same period last year[5]. - Net profit attributable to shareholders increased by 4.65% to CNY 14,521,796.56 from CNY 13,876,474.81 year-on-year[5]. - The company reported a net profit margin improvement due to reduced operating costs, although specific profit figures were not disclosed in the provided data[18]. - In Q1 2024, the company reported a net profit of CNY 13,307,933.72, an increase from CNY 12,879,270.90 in Q1 2023, representing a growth of approximately 3.3%[19]. - The company reported a total profit of CNY 14,512,797.82 in Q1 2024, down from CNY 15,800,709.39 in Q1 2023, showing a decline of approximately 8.1%[19]. Cash Flow and Liquidity - The net cash flow from operating activities surged by 219.11% to CNY 85,597,135.53, primarily due to increased cash receipts from sales[5][9]. - Operating cash flow for Q1 2024 was CNY 85,597,135.53, significantly higher than CNY 26,823,437.76 in the same period last year, indicating a year-over-year increase of over 219%[20]. - The cash and cash equivalents at the end of Q1 2024 increased by CNY 52,351,660.16 compared to the previous year, indicating strong liquidity management[21]. - The company's cash and cash equivalents increased to CNY 969,008,334.97 from CNY 960,325,177.81, showing a growth of 0.71%[14]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,331,818,993.22, reflecting a decrease of 2.22% from CNY 3,407,429,291.74 at the end of the previous year[5]. - Total assets as of March 31, 2024, were CNY 3,331,818,993.22, down from CNY 3,407,429,291.74, a decrease of about 2.2%[16]. - The company’s total assets at the end of Q1 2024 amounted to CNY 790,623,894.44, up from CNY 654,854,771.41 at the end of Q1 2023, marking an increase of approximately 20.6%[21]. - Total liabilities decreased to CNY 1,143,572,874.08 from CNY 1,233,224,263.21, a reduction of approximately 7.3%[16]. Income and Expenses - Total operating revenue for Q1 2024 was CNY 538,750,514.69, a slight increase of 0.15% compared to CNY 537,955,639.53 in the previous period[18]. - Total operating costs decreased to CNY 516,842,314.99 from CNY 523,805,140.65, representing a reduction of approximately 1.2%[18]. - The company incurred financial expenses of CNY -4,125,065.62 in Q1 2024, a decrease from CNY 1,981,674.01 in Q1 2023, indicating improved financial management[19]. - The company’s tax expenses for Q1 2024 were CNY 1,204,864.10, a significant decrease from CNY 2,921,438.49 in Q1 2023, indicating a reduction in tax liabilities[19]. Other Key Metrics - The company's basic and diluted earnings per share remained stable at CNY 0.03, unchanged from the previous year[5]. - The weighted average return on equity increased to 0.68%, up from 0.65% year-on-year[5]. - Non-recurring gains and losses totaled CNY 1,691,837.04, with government subsidies contributing significantly to this figure[6]. - Other receivables increased by 146.31% due to higher export tax rebates at the end of the period[8]. - The company reported a 55.94% increase in other income, attributed to an increase in government subsidies received[9]. - Research and development expenses for the quarter were CNY 3,519,244.71, up from CNY 3,278,704.26, indicating an increase of approximately 7.4%[18]. - The company's retained earnings increased to CNY 257,609,291.41 from CNY 243,087,494.85, showing a growth of about 6%[16]. - Inventory decreased to CNY 583,376,745.85 from CNY 622,275,246.77, reflecting a decline of approximately 6.25%[14]. - Accounts receivable rose to CNY 478,122,120.05 from CNY 457,742,859.49, indicating an increase of about 4.5%[14]. - The company has not disclosed any new product developments or market expansion strategies in this report[5][8]. - Investment activities resulted in a net cash outflow of CNY -33,987,525.81 in Q1 2024, compared to CNY -13,799,065.79 in Q1 2023, reflecting increased investment activities[20].