Financial Performance - The company's operating revenue for Q1 2024 was ¥192,998,122.10, representing an increase of 8.83% compared to ¥177,331,189.58 in the same period last year[4] - Net profit attributable to shareholders was ¥28,115,657.14, a significant increase of 51.30% from ¥18,582,375.84 year-on-year[4] - Basic and diluted earnings per share were both ¥0.2631, reflecting a growth of 51.29% from ¥0.1739 in the same quarter last year[4] - The company's net profit after deducting non-recurring gains and losses was ¥26,838,781.81, which is an increase of 64.48% from ¥16,317,273.94 year-on-year[4] - The operating profit for the quarter was CNY 32,794,617.39, up from CNY 22,002,561.24, indicating a year-over-year increase of 48.6%[17] - The net profit for Q1 2024 reached CNY 27,880,557.67, representing a growth of 51.5% from CNY 18,397,395.55 in the same period last year[17] Cash Flow - The net cash flow from operating activities reached ¥62,981,869.74, showing a remarkable increase of 284.53% compared to a negative cash flow of ¥34,131,442.21 in the previous year[4] - The cash inflow from operating activities totaled CNY 220,429,613.57, compared to CNY 143,998,679.34 in the previous year, marking a significant increase of 53.1%[20] - Total cash inflow from investment activities was ¥145,616,826.03, down from ¥307,477,794.20 in the previous year, resulting in a net cash flow from investment activities of ¥22,008,898.79, compared to ¥127,159,357.56 in Q1 2023[22] - Cash inflow from financing activities totaled ¥83,386,926.91, an increase from ¥31,500,000.00 in Q1 2023, leading to a net cash flow from financing activities of ¥48,361,815.75, up from ¥27,570,000.00[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,113,898,012.81, up 3.20% from ¥2,048,376,693.05 at the end of the previous year[4] - The total liabilities increased to CNY 383,364,805.88 from CNY 345,181,860.08, reflecting a rise of 11.1%[17] - The company's total equity rose to CNY 1,730,533,206.93, compared to CNY 1,703,194,832.97, showing an increase of 1.6%[17] Shareholder Information - The total number of common shareholders at the end of the reporting period is 11,820[10] - The top shareholder, Xiong Ying, holds 24.84% of shares, totaling 26,541,382 shares[10] - The company plans to repurchase shares with a total fund of no less than RMB 40 million and no more than RMB 80 million, potentially repurchasing up to 4 million shares, which is approximately 3.74% of the total share capital[12] - The company has repurchased a total of 29,600 shares, representing 0.03% of the current total share capital[12] Cash and Cash Equivalents - The company reported a significant increase in cash and cash equivalents, with a net increase of ¥13,335,470.00, a rise of 10.59% compared to ¥12,058,750.00 in the same period last year[8] - As of March 31, 2024, the company's cash and cash equivalents amount to RMB 556,478,407.02, an increase from RMB 421,586,635.17 at the beginning of the period[15] - The total cash and cash equivalents at the end of Q1 2024 reached ¥463,295,995.96, compared to ¥331,699,424.83 at the end of Q1 2023, marking an increase of approximately 39.7%[22] Inventory and Receivables - The company's inventory has increased to RMB 223,149,998.19 from RMB 194,865,175.55[15] - The company’s accounts receivable decreased to RMB 377,507,321.12 from RMB 426,953,946.93[15] - The company reported a decrease in accounts payable to CNY 127,062,815.35 from CNY 131,222,065.77, a decline of 3.2%[17] Research and Development - Research and development expenses for the quarter were CNY 3,488,282.38, a decrease of 19.0% from CNY 4,307,492.04 in the previous year[17] Other Financial Information - The report for Q1 2024 was not audited, as indicated in the financial statements[23]
长江材料(001296) - 2024 Q1 - 季度财报