Financial Performance - The company's revenue for Q1 2024 was ¥133,614,451.15, a decrease of 4.13% compared to ¥139,375,869.36 in the same period last year[5]. - Net profit attributable to shareholders was ¥14,526,305.97, down 19.27% from ¥17,993,091.03 year-on-year[5]. - Total operating revenue for Q1 2024 was ¥133,614,451.15, a decrease of 4.5% compared to ¥139,375,869.36 in Q1 2023[17]. - Net profit for Q1 2024 was ¥14,524,701.13, down 19.5% from ¥17,989,447.13 in the same period last year[19]. - Operating profit decreased to ¥16,332,821.12, a decline of 21.5% from ¥20,848,154.14 in Q1 2023[17]. - The weighted average return on equity decreased to 0.87%, down from 1.27% in the same period last year, representing a decline of 0.40%[5]. - The basic and diluted earnings per share for Q1 2024 were both ¥0.12, down from ¥0.15 in Q1 2023[19]. Cash Flow and Investments - The net cash flow from operating activities increased significantly to ¥71,252,258.44, a 532.44% improvement from a negative cash flow of ¥16,476,904.70 in the previous year[8]. - Cash flow from operating activities generated a net amount of ¥71,252,258.44, a significant improvement from a negative cash flow of ¥16,476,904.70 in Q1 2023[22]. - Cash and cash equivalents at the end of Q1 2024 totaled ¥796,343,273.57, up from ¥283,839,056.04 at the end of Q1 2023[23]. - The company reported a significant increase in investment income, which rose by 228.98% to ¥679,790.42 compared to a loss of ¥527,056.85 in the previous year[7]. - Total cash inflow from investment activities was ¥284,924,570.80, compared to ¥128,115,332.38 in Q1 2023[22]. - Cash flow from investment activities improved to ¥149,018,338.48, a 130.41% increase from a negative cash flow of ¥490,036,879.36 in the same period last year[8]. - The company experienced a net cash outflow from financing activities of ¥2,537,123.25, contrasting with a net inflow of ¥540,227,867.98 in Q1 2023[23]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥2,276,806,190.75, reflecting a slight increase of 0.03% from ¥2,276,068,639.86 at the end of the previous year[5]. - The total assets as of March 31, 2024, amounted to CNY 2,276,806,190.75, showing a slight increase from CNY 2,276,068,639.86 at the beginning of the quarter[15]. - Cash and cash equivalents increased to CNY 1,011,743,163.05 from CNY 997,924,522.23, reflecting a growth of approximately 1.8%[15]. - Accounts receivable decreased to CNY 94,196,886.89 from CNY 103,398,215.67, a decline of about 8.5%[15]. - Inventory remained stable at CNY 145,281,362.57, compared to CNY 145,188,057.41 at the beginning of the quarter[15]. - Total current liabilities decreased to CNY 154,893,232.45 from CNY 175,103,704.78, a reduction of approximately 11.5%[16]. - The company's total equity increased to CNY 1,677,549,040.66 from CNY 1,662,952,464.76, indicating a growth of about 0.9%[16]. - The company experienced a 50.67% decrease in notes receivable, which fell to ¥8,706,638.92 from ¥17,650,279.63 year-on-year[7]. - The company reported a decrease in short-term borrowings, which were previously CNY 828,694.70, indicating a focus on reducing debt levels[16]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,774[9]. - The largest shareholder, Zhuhai Yuminghua Enterprise Management Co., Ltd., held a 30.75% stake, amounting to 36,244,000 shares, with 18,025,801 shares pledged[9]. Employee and Incentive Programs - The company completed its first employee stock ownership plan, purchasing 812,300 shares at an average price of CNY 26.80 per share, representing 0.69% of the total share capital[11]. - The company plans to continue enhancing employee incentive programs to boost competitiveness and employee engagement[11]. Research and Development - Research and development expenses for Q1 2024 were ¥4,013,114.28, a decrease of 9.7% compared to ¥4,445,987.33 in Q1 2023[17]. Convertible Bonds - As of March 31, 2024, the remaining balance of convertible bonds was CNY 539,921,700, with a total of 5,399,217 bonds outstanding[12].
中旗新材(001212) - 2024 Q1 - 季度财报