AXNMC(SH:600255)2024-04-29 10:37Financial Performance - The company's operating revenue for Q1 2024 was ¥900,147,026.42, representing a year-on-year increase of 9.57%[5] - The net profit attributable to shareholders was ¥8,472,747.30, compared to a loss of ¥8,659,449.48 in the same period last year[8] - The net cash flow from operating activities was ¥111,808,652.68, a significant improvement from a negative cash flow of ¥36,019,707.33 in the previous year[8] - The basic and diluted earnings per share were both ¥0.005, recovering from a loss of ¥0.005 per share in the same period last year[8] - The net profit after deducting non-recurring gains and losses was ¥5,051,807.90, improving from a loss of ¥10,525,572.72 in the same period last year[8] - Net profit for Q1 2024 was ¥12,156,422.61, a significant recovery from a net loss of ¥8,366,258.40 in Q1 2023[17] - The company reported a gross profit margin improvement, with operating profit rising to ¥9,721,872.70 from a loss of ¥10,986,674.85 year-over-year[17] - The company’s total comprehensive loss for Q1 2024 was ¥7,046,651.92, compared to a loss of ¥9,275,554.96 in Q1 2023, showing a reduction in comprehensive losses by approximately 24%[27] Assets and Liabilities - Total assets increased by 4.48% to ¥4,018,239,004.38 compared to the end of the previous year[6] - Total assets increased to CNY 4,018,239,004.38 as of March 31, 2024, compared to CNY 3,846,043,680.89 at December 31, 2023, reflecting a growth of approximately 4.48%[12] - Cash and cash equivalents rose to CNY 812,651,005.01 from CNY 699,982,503.42, marking an increase of about 16.06%[12] - Accounts receivable increased to CNY 516,017,822.63 from CNY 414,347,502.44, representing a growth of approximately 24.54%[12] - Total current liabilities amounted to CNY 2,051,985,322.04, up from CNY 1,886,962,524.54, indicating an increase of about 8.73%[14] - The company's total liabilities reached CNY 2,294,015,089.32, compared to CNY 2,136,976,188.44, reflecting a rise of approximately 7.36%[14] - The equity attributable to the parent company was CNY 1,376,794,865.40, an increase from CNY 1,368,322,118.10, showing a growth of about 0.96%[14] - Inventory levels increased to CNY 534,301,993.84 from CNY 518,719,779.79, representing a rise of approximately 2.82%[13] Cash Flow - The company's operating cash flow for Q1 2024 was a net inflow of ¥111,808,652.68, compared to a net outflow of ¥36,019,707.33 in Q1 2023, indicating a significant improvement[20] - Cash inflow from operating activities totaled ¥906,077,680.71, down from ¥1,022,454,066.39 in the same period last year[19] - The company reported a decrease in cash paid for goods and services, which fell to ¥726,273,687.79 from ¥1,000,189,308.75[19] - The company incurred cash outflows of ¥36,565,705.35 for purchasing goods and services, compared to ¥19,099,824.15 in Q1 2023, marking an increase of about 91%[30] - The company’s cash flow from financing activities netted ¥21,877,017.21 in Q1 2024, an increase from ¥15,385,778.56 in Q1 2023, reflecting a growth of about 42%[30] Investments and R&D - Research and development expenses increased to ¥36,892,130.84, up 35.5% from ¥27,245,164.37 in the previous year, indicating a focus on innovation[16] - The company invested ¥9,420,000.00 in cash payments for investments in Q1 2024, with no such payments recorded in Q1 2023[30] - The company’s long-term equity investments increased to ¥1,517,387,192.04 from ¥1,507,971,276.58, reflecting a growth in investment activities[23] Government Support and Future Plans - The company received government subsidies amounting to ¥7,238,143.31, contributing to the improved financial performance[7] - The company plans to continue expanding production capacity and enhancing operational efficiency, supported by government subsidies and technical upgrades[8]