TYGF(SH:600506)2024-04-29 09:31Financial Performance - The company's operating revenue for Q1 2024 was ¥756,230,175.03, representing a year-on-year increase of 10.54%[5] - Total revenue for Q1 2024 reached ¥756,230,175.03, an increase of 10.55% compared to ¥684,119,457.68 in Q1 2023[15] - The net profit attributable to shareholders for Q1 2024 was ¥39,459,366.93, showing a significant increase of 16,842.40% compared to the same period last year[5] - Net profit for Q1 2024 was ¥39,459,366.93, a significant increase from ¥232,903.01 in Q1 2023, reflecting a growth of over 16,800%[15] - Operating profit for Q1 2024 was ¥48,241,082.37, compared to ¥5,385,116.52 in Q1 2023, indicating a substantial improvement[15] Cash Flow - The net cash flow from operating activities reached ¥151,363,662.37, which is a remarkable increase of 137.33% year-on-year[5] - Cash flow from operating activities for Q1 2024 was ¥151,363,662.37, compared to ¥63,777,622.57 in Q1 2023, showing an increase of 136.5%[17] Earnings Per Share - Basic and diluted earnings per share for Q1 2024 were both ¥0.2055, reflecting a year-on-year increase of 17,025.00%[5] - The company reported a basic earnings per share of ¥0.2055 for Q1 2024, compared to ¥0.0012 for Q1 2023[15] Assets and Liabilities - Total assets at the end of Q1 2024 amounted to ¥2,267,913,194.65, up 6.75% from the end of the previous year[6] - Total assets as of Q1 2024 amounted to ¥2,267,913,194.65, up from ¥2,124,589,876.92 in the previous year[14] - Total liabilities increased to ¥1,826,927,872.49 in Q1 2024, compared to ¥1,723,063,921.69 in Q1 2023[14] Shareholders' Equity - Shareholders' equity attributable to shareholders increased to ¥440,985,322.16, marking a 9.83% rise compared to the end of last year[6] - The company's equity attributable to shareholders rose to ¥440,985,322.16 in Q1 2024, compared to ¥401,525,955.23 in Q1 2023[14] Research and Development - Research and development expenses increased to ¥9,785,605.08 in Q1 2024, up from ¥4,638,205.87 in Q1 2023, representing a growth of 111.5%[15] Non-Recurring Gains - The company recognized non-recurring gains of ¥1,731,730.82 during the quarter, primarily from the recovery of bad debt provisions[7] Factors Influencing Profit - The increase in net profit was attributed to higher operating revenue and a decrease in raw material costs due to falling crude oil prices[8] Shareholder Information - The company reported a total of 33,750 common shareholders at the end of the reporting period[10] Cash and Cash Equivalents - Cash and cash equivalents at the end of Q1 2024 were ¥280,272,434.56, down from ¥533,249,740.76 in Q1 2023[17] Return on Equity - The weighted average return on equity increased by 9.32 percentage points to 9.37%[5]