祥和实业(603500) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥156,049,009.15, representing a year-on-year increase of 3.07%[5] - The net profit attributable to shareholders for the same period was ¥18,379,812.22, reflecting a growth of 14.23% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥17,800,965.03, which is an increase of 22.86% year-on-year[5] - The basic earnings per share for Q1 2024 was ¥0.08, which is a 14.29% increase year-on-year[5] - The diluted earnings per share also stood at ¥0.08, reflecting the same growth of 14.29%[5] - The weighted average return on equity was 1.90%, an increase of 0.15 percentage points compared to the previous year[5] - The total comprehensive income for Q1 2024 was ¥20,447,475.49, compared to ¥19,375,739.63 in Q1 2023[21] - Net profit for Q1 2024 reached ¥20,448,359.07, representing a 5.1% increase compared to ¥19,463,769.22 in Q1 2023[21] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥31,400,945.97, a significant decrease of 444.62% compared to the same period last year[5][8] - Cash flow from operating activities for Q1 2024 was negative at -¥31,400,945.97, compared to -¥5,765,691.98 in Q1 2023[24] - The net cash flow from operating activities was -$26,120,298.42, compared to -$18,926,330.33 in the previous period, indicating a decline in operational performance[33] - The net increase in cash and cash equivalents was -$40,803,946.62, compared to -$19,737,730.09 in the previous period, indicating a worsening liquidity position[33] - The ending balance of cash and cash equivalents was $207,836,479.57, down from $250,548,093.82 in the previous period[33] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,241,429,945.69, marking a 1.50% increase from the end of the previous year[6] - The company's current assets totaled RMB 851,420,028.25, slightly up from RMB 850,553,104.14 at the end of 2023, indicating a marginal increase of 0.1%[14] - Total liabilities decreased to RMB 223,159,723.10 from RMB 226,952,280.45, a reduction of about 1.2%[16] - The company's total liabilities decreased to CNY 65,381,933.61 from CNY 75,245,223.67 in the previous quarter[27] Investments and Expenditures - Cash inflow from investment activities in Q1 2024 was ¥34,345,735.62, compared to ¥15,190,843.84 in Q1 2023[24] - Cash outflow from investment activities for Q1 2024 was ¥38,897,112.21, significantly higher than ¥3,186,559.00 in Q1 2023[24] - The net cash flow from investing activities was -$14,772,080.00, compared to -$786,100.00 in the previous period, reflecting increased investment expenditures[33] - Cash outflow for the acquisition of fixed assets and intangible assets was $17,017,080.00, significantly higher than $794,100.00 in the previous period[33] Shareholder Equity - The equity attributable to shareholders increased to ¥978,438,278.68, up by 2.09% from the previous year-end[6] - The company's equity attributable to shareholders increased to RMB 978,438,278.68 from RMB 958,424,324.05, reflecting a growth of approximately 2.1%[16] - The total equity as of March 31, 2024, was CNY 940,235,679.30, an increase from CNY 924,538,285.45 at the end of 2023[27] Operational Metrics - Total operating costs for Q1 2024 were ¥135,215,728.10, up 3.1% from ¥130,889,291.61 in Q1 2023[20] - Research and development expenses for Q1 2024 were CNY 4,772,109.54, compared to CNY 3,035,845.17 in Q1 2023, reflecting a 57.3% increase[29] - The company's inventory increased to CNY 79,425,233.12 in Q1 2024 from CNY 66,350,142.57 at the end of 2023, indicating a 19.5% rise[25] Other Information - The company has not reported any changes in the participation of major shareholders in margin financing and securities lending activities[12] - There are no significant new strategies or product developments mentioned in the report for the upcoming quarters[12] - The company did not apply new accounting standards or interpretations starting in 2024[33] - The report was issued by the board of directors of Zhejiang Tiantai Xianghe Industrial Co., Ltd. on April 30, 2024[33]