Financial Performance - The company's revenue for Q1 2024 was CNY 340,667,514.24, representing a 17.66% increase compared to CNY 289,529,834.25 in the same period last year[4] - Net profit attributable to shareholders increased by 118.09% to CNY 14,454,518.96 from CNY 6,627,760.90 year-on-year[4] - Basic earnings per share rose to CNY 0.3025, up 118.10% from CNY 0.1387 in the previous year[4] - Operating profit for Q1 2024 was CNY 14,370,165.54, up from CNY 5,619,747.27 in the same period last year, representing a growth of 155.5%[26] - Net profit attributable to the parent company for Q1 2024 was CNY 14,454,518.96, compared to CNY 6,627,760.90 in Q1 2023, marking an increase of 118.5%[26] - Other income for Q1 2024 was CNY 9,617,198.45, significantly higher than CNY 1,105,354.54 in Q1 2023, reflecting an increase of 769.5%[25] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -72,949,785.86, a decline of 641.71% compared to CNY 13,466,690.40 in Q1 2023[12] - Cash inflow from operating activities for Q1 2024 was CNY 294,968,177.90, compared to CNY 230,385,083.38 in Q1 2023, indicating a growth of 28.1%[29] - The total cash outflow from operating activities was 367,917,963.76 CNY, compared to 216,918,392.98 CNY in the previous year[30] - The company’s cash and cash equivalents decreased by 47.79% to CNY 105,439,584.83, mainly due to increased procurement payments[10] - The total cash and cash equivalents at the end of the period were 85,028,965.06 CNY, down from 139,019,905.33 CNY at the end of the previous year[31] - The net cash flow from financing activities was 66,246,802.84 CNY, a substantial increase from 2,510,303.59 CNY in the previous year[31] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,731,559,003.40, an increase of 3.22% from CNY 1,677,591,887.80 at the end of the previous year[5] - Total liabilities increased to CNY 922,354,085.40 in Q1 2024, compared to CNY 881,301,598.72 in Q1 2023, reflecting a rise of 4.9%[23] - The company’s long-term borrowings increased by 43.15% to CNY 96,261,914.86, reflecting an increase in long-term loans during the reporting period[10] - Accounts receivable decreased from 382,518,333.78 to 310,298,202.55, a reduction of about 18.9%[20] - Inventory increased from 250,083,300.36 to 287,868,970.37, an increase of approximately 15.1%[21] - Fixed assets increased from 280,218,556.50 to 338,528,821.15, a growth of about 20.8%[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 9,931[14] - The largest shareholder, Hao Yuanzeng, holds 24.55% of shares, totaling 11,730,000 shares[14] - The top ten shareholders include several individuals and investment firms, with no significant changes in their holdings reported[15] - The company has a total of 24,705,792 shares under lock-up, with the earliest release date on March 14, 2025[18] Strategic Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[4] - The company is focused on maintaining its market position and exploring new strategies for growth[19] Research and Development - Research and development expenses for Q1 2024 were CNY 11,885,310.30, an increase from CNY 9,942,168.99 in Q1 2023, representing a growth of 19.5%[25] Other Financial Metrics - The company reported a significant increase in other income, which rose by 770.06% to CNY 9,617,198.45 due to VAT deductions for advanced manufacturing enterprises[11] - Investment income decreased by 67.61% to CNY 115,661.49, primarily due to financing discount expenses being included in investment income[11] - The company reported a decrease in credit impairment losses to CNY 50,815.45 in Q1 2024 from CNY 494,419.55 in Q1 2023, a reduction of 89.7%[26] - The company incurred 22,795,649.24 CNY in cash payments for debt repayment, a decrease from 77,736,473.54 CNY in the previous year[31] - The company did not report any cash inflow from investment recovery during the current quarter, compared to 10,000,000.00 CNY in the previous year[30] Audit Status - The company has not yet audited the first quarter report[32]
聚赛龙(301131) - 2024 Q1 - 季度财报