MFSP(SH:600235)2024-04-29 07:37Financial Performance - The company's operating revenue for Q1 2024 was CNY 378,162,190.96, representing a decrease of 0.94% compared to the same period last year[4] - Net profit attributable to shareholders was CNY 32,435,831.81, an increase of 861.45% year-on-year[4] - The net profit after deducting non-recurring gains and losses was CNY 32,389,366.52, up 2,111.57% from the previous year[4] - Basic and diluted earnings per share were both CNY 0.092, reflecting an increase of 820.00% year-on-year[4] - Operating profit for Q1 2024 increased significantly to CNY 32,422,167.02, compared to CNY 3,481,660.15 in Q1 2023[17] - The net profit for Q1 2024 was ¥32,435,831.81, a significant increase from ¥3,373,653.97 in Q1 2023, representing a growth of approximately 862%[18] - Basic and diluted earnings per share for Q1 2024 were both ¥0.092, compared to ¥0.010 in Q1 2023, indicating a substantial increase of 820%[18] Cash Flow - The net cash flow from operating activities reached CNY 39,363,113.88, an increase of 307.38% compared to the same period last year[4] - Cash flow from operating activities for Q1 2024 was ¥39,363,113.88, up from ¥9,662,556.99 in Q1 2023, marking an increase of approximately 308%[21] - Cash inflow from financing activities in Q1 2024 was ¥136,904,239.80, a significant increase from ¥13,313,724.91 in Q1 2023, reflecting a growth of over 927%[22] - The total cash inflow from operating activities was ¥398,034,079.12, compared to ¥401,087,997.02 in the previous year, showing a slight decrease of about 0.7%[21] - The cash outflow for purchasing goods and services in Q1 2024 was ¥212,581,506.47, down from ¥250,958,569.55 in Q1 2023, indicating a reduction of approximately 15.3%[21] - The company reported a decrease in cash paid to employees, which was ¥23,040,079.56 in Q1 2024, down from ¥25,737,446.95 in Q1 2023, a reduction of about 10.5%[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,563,945,296.61, a 5.54% increase from the end of the previous year[4] - Cash and cash equivalents as of March 31, 2024, were CNY 188,736,219.85, a decrease from CNY 195,405,277.58 as of December 31, 2023[12] - Accounts receivable increased to CNY 253,415,572.25 from CNY 254,650,739.07, indicating a slight decrease[12] - Inventory as of March 31, 2024, was CNY 409,728,207.78, down from CNY 412,786,370.36[12] - Total assets increased to CNY 2,563,945,296.61 from CNY 2,429,310,041.63, reflecting growth in the company's asset base[12] - Total liabilities rose to CNY 1,081,861,778.79 from CNY 979,662,355.62, indicating an increase in financial obligations[13] - Shareholders' equity increased to CNY 1,482,083,517.82 from CNY 1,449,647,686.01, showing a positive trend in equity growth[13] Cost and Profit Analysis - The major reason for the significant increase in net profit was the substantial decrease in the cost of main raw materials, particularly wood pulp, compared to the same period last year[6] - Total operating costs for Q1 2024 were CNY 360,660,303.89, down 5.67% from CNY 382,468,781.68 in Q1 2023[17] - The company experienced a foreign exchange loss of ¥918.01 in Q1 2024, compared to a loss of ¥176,001.17 in Q1 2023, indicating a decrease in foreign exchange impact[22] Government Support - The company received government subsidies amounting to CNY 1,500.00, which are closely related to its normal business operations[6]