锋龙股份(002931) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥101,741,957.40, a decrease of 9.14% compared to ¥111,977,327.51 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥3,852,866.01, representing a decline of 554.33% from a profit of ¥848,025.80 in the previous year[5] - The basic earnings per share were -¥0.02, compared to ¥0 in the same period last year, indicating a significant decline[5] - Operating profit for Q1 2024 was a loss of CNY 4,638,190.19, contrasting with a profit of CNY 122,810.31 in Q1 2023[24] - The company reported a total comprehensive income of -CNY 3,849,901.56 for Q1 2024, compared to CNY 825,248.68 in the previous year[25] Cash Flow - The net cash flow from operating activities was negative at ¥13,597,396.34, a decrease of 379.19% compared to ¥4,870,374.66 in the same period last year[5] - Cash flow from operating activities was CNY 109,450,397.62, down from CNY 130,961,737.32 in the previous year, indicating a decline of 16.5%[26] - The net cash flow from investment activities was -29,187,214.54, worsening from -11,807,091.60 in Q1 2023, highlighting increased investment outflows[27] - Cash inflow from financing activities was 39,748,110.50, a substantial increase from 1,000,000.00 in Q1 2023, showing improved financing efforts[27] - The net cash flow from financing activities was 18,807,789.79, compared to -4,036,606.50 in the previous year, indicating a positive turnaround in financing[27] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥1,101,942,799.25, down 1.75% from ¥1,121,536,368.43 at the end of the previous year[5] - The total liabilities as of Q1 2024 were CNY 335,934,483.90, a slight decrease from CNY 353,338,681.39 in the previous year[24] - Current assets decreased from CNY 570,765,564.50 to CNY 556,936,261.16, primarily due to changes in cash and accounts receivable[21] - The company's short-term borrowings increased from CNY 42,034,268.06 to CNY 63,268,101.92, indicating a rise in financial leverage[21] Shareholder Information - The total number of common shareholders at the end of the reporting period is 28,632[10] - The largest shareholder, Shaoxing Chengfeng Industrial Co., Ltd., holds 42.13% of shares, amounting to 86,279,289 shares, with 22,000,000 shares pledged[10] Investment and Asset Management - The company plans to conclude fundraising projects for the annual production of 16 million garden machinery key components and the establishment of a research and development center, reallocating surplus funds of RMB 16.93 million to working capital[11] - The company plans to purchase 51% equity in Zhejiang Dingdu Scenic Area Management Co., Ltd. from Dingdu Tourism Co., Ltd., with the transaction price to be determined based on an evaluation report[14] - The company plans to sell assets related to garden machinery components and generator inverter components, excluding certain financial assets, with the transaction price based on an assessment report as of December 31, 2023[15] - The total assessed value of the equity of Shaoxing Yicheng Electric Co., Ltd. is approximately CNY 37.96 million, with the company acquiring a 30% stake for CNY 11.37 million[17] Operational Changes - The company plans to deregister its subsidiary Zhejiang Fenglan Intelligent Manufacturing Co., Ltd. to streamline operations and reduce costs[19] - The company has changed the guarantor for its convertible bonds to its actual controller, Mr. Dong Jiangang, who will provide 15,928,516 shares as collateral[18] Tax and Refunds - The cash received from tax refunds increased by 35.28% to ¥2,079,883.42 compared to ¥1,537,448.26 in the previous year[8] - The company received 2,079,883.42 in tax refunds, an increase from 1,537,448.26 in the previous year, indicating improved tax recovery[27]