FUDA ALLOY(SH:603045)2024-04-29 07:37Financial Performance - The company's operating revenue for Q1 2024 was CNY 653,828,268.85, representing a year-on-year increase of 25.50%[5]. - Total operating revenue for Q1 2024 reached ¥653.83 million, a 25.4% increase from ¥520.97 million in Q1 2023[19]. - Net profit for Q1 2024 was ¥6.89 million, a decrease of 3.6% compared to ¥7.15 million in Q1 2023[20]. - The net profit attributable to shareholders decreased by 3.64% to CNY 6,889,541.28, while the net profit after deducting non-recurring gains and losses fell by 39.60% to CNY 4,040,479.66[5][9]. - The company reported a decrease in comprehensive income, with a net amount of -¥99,818.22 in Q1 2024 compared to ¥176,869.41 in Q1 2023[20]. - The total revenue for Q1 2024 was approximately ¥6.79 billion, a decrease from ¥7.33 billion in Q1 2023, representing a decline of about 7.4%[21]. Cash Flow - The net cash flow from operating activities was negative at CNY -26,187,858.43, a decline of 264.38% compared to the previous year[5][9]. - The net cash flow from operating activities was negative at approximately -¥26.19 million in Q1 2024, contrasting with a positive net cash flow of ¥15.93 million in Q1 2023[24]. - Cash inflows from operating activities amounted to approximately ¥774.93 million in Q1 2024, compared to ¥619.83 million in Q1 2023, indicating an increase of about 25%[23]. - Cash inflows from financing activities totaled approximately ¥158.26 million in Q1 2024, compared to ¥209 million in Q1 2023, a decrease of about 24%[25]. - The net cash flow from financing activities was positive at approximately ¥35.45 million in Q1 2024, down from ¥54.45 million in Q1 2023[25]. - The company recorded cash inflows from investment activities of approximately ¥1.01 million in Q1 2024, a significant decrease from ¥10.08 million in Q1 2023[25]. Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 2,275,550,100.55, a slight increase of 0.32% from the end of the previous year[6]. - Total assets as of Q1 2024 amounted to ¥2.28 billion, slightly up from ¥2.27 billion in Q1 2023[15]. - Total liabilities for Q1 2024 were ¥1.33 billion, showing a marginal increase from ¥1.33 billion in Q1 2023[16]. - Current assets totaled ¥1.52 billion in Q1 2024, compared to ¥1.52 billion in Q1 2023, indicating stability[15]. - Inventory increased to ¥700.93 million in Q1 2024, up from ¥648.24 million in Q1 2023, representing an 8.1% rise[15]. - Short-term borrowings rose to ¥645.97 million in Q1 2024, an increase of 10.5% from ¥584.63 million in Q1 2023[15]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 14,354[11]. - The largest shareholder, Wang Dawu, holds 26.76% of the shares, with 18,060,000 shares pledged[11][12]. - Shareholders' equity attributable to the parent company rose by 0.73% to CNY 940,779,165.85[6]. Expenses - Total operating costs for Q1 2024 were ¥653.46 million, up 26.7% from ¥515.58 million in Q1 2023[19]. - Research and development expenses increased to ¥23.61 million in Q1 2024, compared to ¥19.99 million in Q1 2023, reflecting a growth of 18.5%[20]. - The increase in expenses was identified as a major reason for the decline in net profit after deducting non-recurring items[9]. Earnings Per Share - Basic and diluted earnings per share were both CNY 0.0509, down by 3.60% from the same period last year[6]. - The basic and diluted earnings per share for Q1 2024 were both ¥0.0509, slightly down from ¥0.0528 in Q1 2023[21]. Non-Recurring Gains - The company reported non-recurring gains of CNY 2,849,061.62, primarily from other income sources[8]. - The company did not report any net profit from subsidiaries prior to consolidation in Q1 2024, consistent with the previous year[21]. Accounting Standards - The company has not adopted new accounting standards or interpretations that would affect the financial statements for the year[26].