Xinyichang(SH:688383)2024-04-29 09:41Financial Performance - The net profit attributable to shareholders decreased by 50.39% compared to the same period last year[11]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 51.27% year-on-year[11]. - Net profit for Q1 2024 was ¥27,140,763.74, a decline of 53.3% from ¥58,085,021.12 in Q1 2023[22]. - The company reported a total profit of ¥31,647,540.27 for Q1 2024, down 53.6% from ¥68,151,525.18 in Q1 2023[22]. - The net profit attributable to shareholders for Q1 2024 was ¥28,937,664.29, down 50.39% year-over-year[46]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥27,785,875.80, reflecting a decline of 51.27% compared to the previous year[46]. Earnings Per Share - Basic earnings per share decreased to -50.88 yuan per share[14]. - Basic earnings per share for Q1 2024 were ¥0.28, compared to ¥0.57 in Q1 2023[26]. - The basic earnings per share for Q1 2024 was ¥0.28, a decrease of 50.88% from the same period last year[46]. Revenue and Costs - Total operating revenue for Q1 2024 was ¥262,899,154.42, a decrease of 26.5% compared to ¥358,169,549.70 in Q1 2023[20]. - Total operating costs for Q1 2024 were ¥224,025,758.66, down 18.4% from ¥274,625,286.52 in Q1 2023[20]. - The company's operating revenue for Q1 2024 was ¥262,899,154.42, representing a decrease of 26.60% compared to the same period last year[46]. Cash Flow - The net cash flow from operating activities increased compared to the same period last year due to improved collection efforts from long-aged accounts receivable[11]. - Cash flow from operating activities in Q1 2024 was ¥138,784,423.99, an increase of 25.1% from ¥110,877,179.22 in Q1 2023[28]. - The net cash flow from operating activities for Q1 2024 was -¥17,808,956.28, indicating a negative cash flow situation[46]. - The company reported a decrease in cash outflow for operating activities, totaling 163,517,103.67 RMB, compared to 169,849,391.88 RMB previously[32]. Assets and Liabilities - Total assets increased to 2,721,921,428.68 yuan, up from 2,613,455,825.77 yuan[8]. - Total liabilities rose to 1,310,063,608.52 yuan, compared to 1,223,867,562.55 yuan in the previous year[8]. - Current assets totaled 1,939,366,814.38 yuan, an increase from 1,850,366,941.64 yuan[3]. - Inventory increased to 642,209,720.78 yuan, up from 602,624,094.99 yuan[3]. - The company reported a total equity attributable to shareholders of 1,411,711,516.57 yuan, compared to 1,387,645,059.08 yuan last year[7]. - The company’s total equity attributable to shareholders increased by 1.73% to 1,411,711,516.57 RMB from 1,387,645,059.08 RMB[41]. Research and Development - Research and development expenses for Q1 2024 were ¥21,665,682.53, up 8.2% from ¥20,030,149.15 in Q1 2023[20]. - Research and development expenses totaled 21,665,682.53 RMB, representing 8.24% of operating revenue, an increase of 2.65 percentage points[41]. Shareholder Information - The company had a total of 4,009 common shareholders at the end of the reporting period[15]. - The largest shareholder, Hu Xinrong, holds 36.85% of the shares, totaling 37,631,757 shares[15]. Government Subsidies and Other Income - The company received government subsidies amounting to 1,364,000.00 RMB, which are closely related to its normal business operations[41]. - Other income for Q1 2024 was ¥8,760,890.24, compared to ¥4,486,744.78 in Q1 2023, reflecting a significant increase[20]. Financial Reporting and Compliance - The company’s board of directors confirmed the accuracy and completeness of the financial report, ensuring no misleading statements or omissions[44][45]. - The financial data presented in the report is unaudited, indicating that it is subject to further review[46]. - The company is committed to transparency and legal responsibility regarding the financial information disclosed[50].