BENEFO(SH:600468)2024-04-29 09:47Financial Performance - The company's operating revenue for Q1 2024 was CNY 506,187,626.17, representing a year-on-year increase of 1.21%[3] - The net profit attributable to shareholders for the same period was CNY 34,774,870.10, reflecting a growth of 19.47% compared to the previous year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 32,379,995.23, which is an increase of 12.79%[3] - The basic earnings per share for Q1 2024 was CNY 0.0320, up by 19.40% year-on-year[3] - The company reported a net profit of ¥37,417,404.09 after tax expenses, compared to ¥31,627,077.72 in Q1 2023, indicating a growth of 18.4%[18] - The net profit for Q1 2024 was CNY 37,417,404.09, an increase of 18.0% compared to CNY 31,627,077.72 in Q1 2023[19] - The net profit attributable to shareholders of the parent company was CNY 34,774,870.10, up 19.0% from CNY 29,107,408.58 in the same period last year[19] - Total comprehensive income for Q1 2024 reached CNY 40,875,061.09, a rise of 36.8% compared to CNY 29,877,470.72 in Q1 2023[19] - Basic and diluted earnings per share for Q1 2024 were CNY 0.0320, compared to CNY 0.0268 in Q1 2023, reflecting a growth of 19.5%[19] Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,887,420,229.43, a decrease of 1.36% from the end of the previous year[3] - Total assets decreased to ¥3,887,420,229.43 as of March 31, 2024, down from ¥3,940,938,137.13 at the end of 2023[14] - Current assets totaled ¥2,569,575,774.39, a decrease of 3.3% from ¥2,657,021,922.45 at the end of 2023[14] - Cash and cash equivalents decreased to ¥678,231,683.91 from ¥767,545,628.86, representing a decline of 11.6%[14] - Accounts receivable increased to ¥1,136,078,094.41, up 15.9% from ¥980,218,647.89 at the end of 2023[14] - Total liabilities decreased to ¥1,608,338,765.69 from ¥1,703,943,731.27, a reduction of 5.6%[15] - Non-current assets increased to ¥1,317,844,455.04, up from ¥1,283,916,214.68, reflecting a growth of 2.6%[14] Cash Flow - The company had a net cash flow from operating activities of -CNY 65,691,036.86, indicating a negative cash flow situation[3] - Cash inflow from operating activities was CNY 327,258,187.18, down 40.0% from CNY 545,003,013.43 in Q1 2023[21] - Cash outflow from operating activities totaled CNY 392,949,224.04, a decrease of 35.5% compared to CNY 609,031,335.57 in the previous year[21] - The net cash flow from investing activities was -CNY 28,306,872.27, worsening from -CNY 576,112.03 in Q1 2023[22] - Cash flow from financing activities generated a net inflow of CNY 22,413,125.06, compared to CNY 13,937,549.16 in the same quarter last year, indicating a 60.0% increase[22] - The ending cash and cash equivalents balance was CNY 617,414,781.51, up from CNY 527,556,296.35 at the end of Q1 2023[22] Government Support and Investments - The company received government subsidies amounting to CNY 3,061,070.57 during the quarter, primarily from rewards and tax refunds[5] - The company established a wholly-owned subsidiary, Tianjin Ruilian Electric Co., Ltd., with a total investment of CNY 101.96 million for the production and sales of electrical connection products[10] Research and Development - Research and development expenses for Q1 2024 were ¥27,599,013.65, slightly higher than ¥26,895,455.20 in Q1 2023[18] Return on Investment - The weighted average return on net assets was 1.68%, an increase of 0.21 percentage points compared to the previous year[3]