FULING POWER(SH:600452)2024-04-29 08:05Financial Performance - The company's operating revenue for Q1 2024 was CNY 738,785,806.64, a decrease of 10.59% compared to CNY 826,313,099.91 in the same period last year[3] - Net profit attributable to shareholders was CNY 107,339,258.12, down 7.08% from CNY 115,514,538.03 year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 106,667,626.58, a decrease of 2.41% compared to CNY 109,305,017.34 in the previous year[3] - Basic and diluted earnings per share were both CNY 0.10, reflecting a decrease of 9.09% from CNY 0.11 in the previous year[5] - The weighted average return on equity decreased by 0.34 percentage points to 2.13% from 2.47% year-on-year[5] Cash Flow and Assets - The net cash flow from operating activities increased by 35.98% to CNY 268,147,071.09 from CNY 197,191,528.52 in the same period last year[5] - Total assets at the end of the reporting period were CNY 6,831,864,478.56, an increase of 2.70% from CNY 6,652,311,565.67 at the end of the previous year[5] - The total liabilities amounted to approximately CNY 1.73 billion, compared to CNY 1.67 billion previously, indicating an increase of around 3.06%[19] - The accounts payable increased to approximately CNY 1.54 billion, up from CNY 1.47 billion, representing a growth of about 4.43%[19] - The company's non-current assets totaled approximately CNY 3.34 billion, a decrease from CNY 3.48 billion, showing a decline of about 4.14%[19] Shareholder Equity - Shareholders' equity attributable to the parent company was CNY 5,099,847,649.51, up 2.35% from CNY 4,982,892,434.56 at the end of the previous year[5] - The total equity of the company remains at CNY 1.10 billion, unchanged from the previous period, reflecting stability in shareholder equity[19] Investments and Financing - The company recognized non-recurring gains of CNY 671,631.54 during the reporting period, after accounting for tax effects[9] - The cash paid for financing activities decreased by 100% due to reduced bank loans and interest payments[19] - The company reported an investment income of ¥1,025,874.06, a significant recovery from a loss of ¥4,186,088.42 in the same quarter last year[20] - The net cash flow from financing activities was -¥5,978,434.44, compared to -¥6,521,052.00 in the previous period, indicating a slight improvement[40] Inventory and Receivables - The company reported a total inventory of ¥1,325,826.55, up from ¥1,097,933.28, which is an increase of about 20.7%[33] - Accounts receivable increased to ¥987,958,577.01 from ¥856,464,073.23, indicating a growth of approximately 15.4% year-over-year[33] - The company experienced a 123.45% increase in accounts receivable financing due to the increase in received bank acceptance bills[26] Other Financial Metrics - The total current assets reached ¥3,489,385,854.12, up from ¥3,169,685,830.44, representing an increase of about 10.1%[33] - The company's fixed assets decreased to ¥2,508,491,099.02 from ¥2,687,197,398.79, showing a decline of approximately 6.7%[33] - The company's contract liabilities decreased by 76.77%, primarily due to a reduction in prepaid electricity fees[26] Shareholder Relations and Corporate Strategy - The company did not report any significant changes in shareholder relationships or related party transactions during the reporting period[31] - There were no new strategies or major acquisitions announced during the earnings call[31] - The company is not applying any new accounting standards or interpretations that would affect the financial statements for the current year[40]