Financial Performance - Net profit attributable to shareholders for Q1 2024 was CNY 8,293,047.19, down 16.25% from CNY 9,901,565.85 in Q1 2023[12] - Operating revenue for Q1 2024 was CNY 37,934,927.40, representing a decline of 14.44% year-over-year[12] - The weighted average return on equity based on net profit attributable to shareholders was 1.77%, down from 3.05% in the previous year[12] - Total operating revenue for Q1 2024 was $37.93 million, a decrease of 14.3% compared to $44.33 million in Q1 2023[35] - Total operating costs for Q1 2024 were $33.71 million, down 12.2% from $38.38 million in Q1 2023[35] - Net profit for Q1 2024 was $8.29 million, a decline of 16.3% from $9.90 million in Q1 2023[36] - Operating profit for Q1 2024 was $9.28 million, down 17.1% from $11.19 million in Q1 2023[36] - Basic earnings per share for Q1 2024 were $0.14, down from $0.20 in Q1 2023, reflecting a decrease of 30%[36] Cash Flow - The net cash flow from operating activities increased by 141.92% to CNY 993,046.62 compared to a negative cash flow of CNY 2,368,665.70 in the same period last year[12] - Operating cash flow for Q1 2024 was ¥993,046.62, a significant improvement from a negative cash flow of ¥2,368,665.70 in Q1 2023, representing a turnaround of approximately 142%[40] - Total cash inflow from investment activities in Q1 2024 reached ¥107,894,954.37, compared to ¥50,619,472.93 in Q1 2023, indicating a growth of about 112%[41] - The net cash flow from investment activities was negative at ¥12,435,805.10 in Q1 2024, contrasting with a positive cash flow of ¥24,356,516.36 in Q1 2023, reflecting a decline of approximately 151%[41] - The company experienced a net decrease in cash and cash equivalents of ¥11,445,065.38 in Q1 2024, contrasting with an increase of ¥21,083,797.99 in Q1 2023, reflecting a decline of approximately 154%[41] Assets and Liabilities - Total assets as of March 31, 2024, were CNY 653,343,439.38, a decrease of 1.11% compared to the end of 2023[12] - The company's total liabilities to assets ratio decreased to 27.41% from 29.65% year-over-year[12] - Total assets decreased from 660,654,371.60 to 653,343,439.38, a decline of approximately 1.9%[31] - Current liabilities decreased from 159,014,840.24 to 143,514,291.90, a reduction of about 9.7%[31] - Non-current liabilities decreased from 36,850,913.96 to 35,545,400.14, a decrease of approximately 3.5%[32] - Total liabilities decreased from 195,865,754.20 to 179,059,692.04, a decline of around 8.6%[31] - Owner's equity increased from 464,788,617.40 to 474,283,747.34, an increase of about 2.7%[31] Shareholder Information - The number of ordinary shareholders increased to 2,474 by the end of the reporting period[18] - The total shareholding of the top ten shareholders accounted for 77.45% of the total shares, with the largest shareholder holding 33.47%[21] - The company has no pledged or frozen shares among its major shareholders[22] Operational Highlights - The construction in progress increased by 117.06% to CNY 4,032,976.71, primarily due to increased investment in the IoT ultrasonic instrument production line[13] - The company reported a significant increase in accounts receivable by 174.64% due to an increase in customer bank acceptance bills received[13] - The company reported a total of 414,147,867.09 CNY in current assets as of March 31, 2024, a decrease from 432,661,970.89 CNY as of December 31, 2023, representing a decline of approximately 4.8%[29] - Cash and cash equivalents decreased to 75,877,667.37 CNY from 87,322,732.75 CNY, reflecting a reduction of about 13.1%[29] - The company's inventory increased to 74,506,343.09 CNY, up from 62,816,234.83 CNY, indicating a growth of approximately 18.7%[29] - The total receivables, including accounts receivable, amounted to 92,033,244.09 CNY, down from 110,946,661.39 CNY, showing a decrease of around 17.2%[29] Compliance and Commitments - The company has no significant litigation or arbitration matters reported during the period[25] - There were no external guarantees or loans provided by the company during the reporting period[25] - The company has disclosed that all commitments made in the reporting period were fulfilled without any violations[26]
天罡股份(832651) - 2024 Q1 - 季度财报