Sinocat(SH:688737)2024-04-29 08:16Financial Performance - The company's operating revenue for Q1 2024 reached ¥374,665,999.81, representing a year-on-year increase of 41.24%[6] - Net profit attributable to shareholders was ¥14,506,176.77, marking a significant increase of 134.52% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses surged by 2,847.44%, amounting to ¥1,484,587.36[6] - The basic earnings per share (EPS) increased by 71.43% to ¥0.12, reflecting the growth in net profit[6] - In Q1 2024, the net profit reached CNY 14,992,777.70, a significant increase of 164.5% compared to CNY 5,679,800.90 in Q1 2023[21] - Operating profit for Q1 2024 was CNY 14,829,018.78, up from CNY 3,914,851.43 in the same period last year, representing an increase of 278.5%[21] - The total profit for Q1 2024 was CNY 14,654,582.85, up from CNY 4,601,500.25 in Q1 2023, reflecting an increase of 218.5%[21] - The basic and diluted earnings per share for Q1 2024 were both CNY 0.12, compared to CNY 0.07 in Q1 2023, indicating a growth of 71.4%[22] - The total comprehensive income for Q1 2024 was CNY 14,992,777.70, compared to CNY 5,679,800.90 in Q1 2023, an increase of 164.5%[21] Research and Development - The total R&D investment for the quarter was ¥21,589,303.18, accounting for 5.76% of operating revenue, a decrease of 1.53% from the previous year[7] - Research and development expenses increased to ¥20,961,472.23 in Q1 2024, compared to ¥18,039,191.73 in Q1 2023, indicating a focus on innovation[20] Cash Flow and Assets - The net cash flow from operating activities was ¥64,617,510.20, with no applicable year-on-year comparison[6] - The company reported a net cash flow from operating activities of CNY 64,617,510.20, a turnaround from a negative cash flow of CNY -176,529,262.31 in Q1 2023[24] - The net cash flow from investing activities was negative at CNY -71,556,114.13, compared to a positive cash flow of CNY 167,762,463.80 in Q1 2023[24] - The company’s cash and cash equivalents at the end of Q1 2024 were CNY 72,375,848.15, down from CNY 446,660,734.02 at the end of Q1 2023[24] Shareholder Information - The total number of common shareholders at the end of the reporting period is 8,195[11] - The largest shareholder, Chen Qizhang, holds 39,008,704 shares, representing 32.44% of the total shares[11] - The second-largest shareholder, Nanjing Yinanling Ying New Energy Industry Investment Fund, holds 7,847,585 shares, accounting for 6.53%[11] - The company has a total of 2,855,289 shares allocated to the strategic investor, Shenwan Hongyuan Securities - CITIC Bank[12] - The total number of shares held by the top 10 unrestricted shareholders is 20,000,000 shares[12] - The total number of shares available for trading without restrictions among the top 10 shareholders is 20,000,000 shares[12] - The company has a total of 1,753,405 shares that are part of a strategic placement plan[13] - The company has a balance of 100,000 shares available for lending under the securities lending program[13] Operational Overview - The company experienced a significant increase in sales of its internal combustion engine exhaust purification catalyst products, contributing to the revenue growth[9] - Government subsidies and increased VAT input tax deductions positively impacted the net profit growth[9] - The company has not reported any significant changes in operational conditions during the reporting period[14] - The company has not issued any audited financial statements for the first quarter of 2024[14] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,602,181,717.39, a decrease of 1.69% from the end of the previous year[7] - Total current assets decreased to ¥1,838,826,551.91 as of March 31, 2024, from ¥1,911,154,867.13 at the end of 2023, a decline of 3.8%[16] - Total liabilities decreased to ¥697,516,188.91 as of March 31, 2024, down from ¥754,193,364.35 at the end of 2023, a reduction of 7.5%[17] - The company's total assets amounted to ¥2,602,181,717.39 as of March 31, 2024, compared to ¥2,646,866,461.26 at the end of 2023, a decrease of 1.7%[18] - The net profit attributable to the parent company for Q1 2024 was not explicitly stated but reflects an increase in retained earnings to ¥121,983,661.17 from ¥107,477,484.40 in the previous year[18] - The company reported a decrease in short-term borrowings to ¥194,517,637.01 as of March 31, 2024, down from ¥214,462,609.18 at the end of 2023, a decline of 9.3%[17] - The total equity attributable to shareholders increased to ¥1,896,363,696.44 as of March 31, 2024, compared to ¥1,884,857,865.80 at the end of 2023, an increase of 0.6%[18]