Lily Group(SH:603823)2024-04-29 09:15Financial Performance - The company's operating revenue for Q1 2024 was CNY 589,890,529.88, representing a year-on-year increase of 6.66%[6] - Net profit attributable to shareholders reached CNY 40,626,753.88, a significant increase of 160.21% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 36,589,554.96, up by 182.02% year-on-year[6] - Basic and diluted earnings per share were both CNY 0.10, reflecting a 100% increase from the previous year[6] - The weighted average return on equity increased by 1.11 percentage points to 1.83%[6] - Total operating revenue for Q1 2024 reached ¥589.89 million, a 6.66% increase from ¥553.06 million in Q1 2023[21] - Net profit for Q1 2024 was ¥48.30 million, representing a significant increase of 198.36% compared to ¥16.16 million in Q1 2023[22] - The net profit for the first quarter of 2024 reached CNY 62,846,115.17, representing a significant increase of 202.4% from CNY 20,769,004.37 in the same period last year[33] - The operating profit for the first quarter of 2024 was CNY 67,569,866.48, compared to CNY 22,227,889.38 in the first quarter of 2023, showing a substantial increase of 203.5%[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,377,560,451.30, a decrease of 0.42% from the end of the previous year[8] - As of March 31, 2024, the total current assets amounted to RMB 1,958,916,016.37, showing a slight increase from RMB 1,940,923,365.97 at the end of 2023[15] - The total assets as of March 31, 2024, were RMB 3,377,560,451.30, slightly down from RMB 3,391,776,027.95 at the end of 2023[17] - The total liabilities decreased to RMB 948,546,477.99 from RMB 982,954,815.24, reflecting a reduction of approximately 3.5%[17] - The total liabilities decreased to CNY 582,904,636.11 from CNY 600,655,078.98, reflecting a reduction of approximately 3.9%[30] - The company's total equity increased to CNY 2,066,548,433.95 from CNY 2,003,702,318.78, marking a growth of approximately 3.1%[30] Cash Flow - The net cash flow from operating activities was negative at CNY -12,525,945.50, indicating a decrease in cash collections from sales[6] - Cash flow from operating activities showed a net outflow of ¥12.53 million, worsening from a net outflow of ¥1.15 million in Q1 2023[25] - The net cash flow from operating activities was $6,653,658.83, a significant improvement from a net outflow of $8,463,422.73 in Q1 2023[36] - The net cash flow from investing activities was -$9,417,347.83 in Q1 2024, an improvement from -$16,760,155.50 in Q1 2023[36] - The net cash flow from financing activities was -$903,955.28 in Q1 2024, compared to -$10,986,673.60 in Q1 2023, showing a significant improvement[38] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,790[11] - Shareholders' equity attributable to the parent company increased by 1.85% to CNY 2,241,397,447.55[8] Expenses - Total operating costs decreased to ¥528.61 million, down 0.26% from ¥530.00 million in the same period last year[21] - The company reported a decrease in sales expenses to ¥4.33 million, down 37.93% from ¥6.97 million in Q1 2023[21] - Research and development expenses were ¥19.27 million, a decrease of 13.36% from ¥22.25 million in the same quarter last year[21] - Research and development expenses for the first quarter of 2024 were CNY 14,429,162.06, down from CNY 17,841,087.31 in the first quarter of 2023, indicating a reduction of 19.5%[33] Other Income - The company experienced a significant increase in other income, which rose to ¥2.98 million from ¥0.25 million in Q1 2023[21] - Non-recurring gains and losses amounted to CNY 4,037,198.92, primarily due to government subsidies and asset disposals[10]