日上集团(002593) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥734,489,751.75, a decrease of 14.83% compared to ¥862,394,843.29 in the same period last year[5] - Net profit attributable to shareholders increased by 17.70% to ¥19,126,406.91 from ¥16,249,486.78 year-on-year[5] - The net cash flow from operating activities surged by 419.44% to ¥61,413,022.72, compared to a negative cash flow of -¥19,224,913.83 in the previous year[5] - The total operating revenue for Q1 2024 was CNY 734,489,751.75, a decrease of 14.8% compared to CNY 862,394,843.29 in the same period last year[20] - The net profit for Q1 2024 was CNY 18,991,237.86, representing an increase of 19.3% from CNY 15,947,468.31 in Q1 2023[22] Cash Flow - The net cash flow from operating activities for Q1 2024 was ¥61,413,022.72, a significant improvement compared to a net outflow of ¥19,224,913.83 in the same period last year[24] - Total cash inflow from operating activities reached ¥938,755,556.14, up from ¥844,756,067.73 in Q1 2023, indicating a growth of approximately 11%[24] - Cash outflow for operating activities was ¥877,342,533.42, slightly higher than ¥863,980,981.56 in the previous year[24] - The net cash flow from investing activities was -¥42,940,026.75, an improvement from -¥64,173,982.62 in Q1 2023[25] - Cash inflow from investing activities increased to ¥84,210,700.00 from ¥38,526,150.00, marking a growth of over 118%[25] - The net cash flow from financing activities was -¥5,036,098.88, compared to a positive net flow of ¥4,770,074.88 in Q1 2023[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,019,854,980.57, a slight decrease of 0.56% from ¥5,048,179,599.12 at the end of the previous year[5] - The total liabilities decreased to CNY 2,594,033,378.45 from CNY 2,637,250,758.69 at the start of the quarter[18] - The total assets as of March 31, 2024, amounted to CNY 3,328,823,148.85, a slight decrease from CNY 3,372,438,314.52 at the beginning of the period[16] Shareholder Information - The top shareholder, Wu Ziwen, holds 35.80% of the shares, with a total of 287,783,400 shares[11] - The company has not disclosed any significant changes in the top ten shareholders' participation in margin trading[12] Other Financial Metrics - Financial expenses decreased significantly by 74.67% to ¥3,395,163.00, primarily due to increased foreign exchange gains[8] - The company reported a 126.90% increase in other income from subsidies, totaling ¥10,380,808.35[8] - The company experienced a 37.03% decrease in notes receivable, attributed to a reduction in commercial acceptance bills received during the period[7] - The company reported a decrease in tax refunds received, totaling ¥19,859,310.59 compared to ¥24,770,977.97 in the same quarter last year[24] Investments and Subsidiaries - The company established a subsidiary in Vietnam, which is currently under construction, with the investment license obtained in April 2023[12] - The company faced a scope investigation by the U.S. Department of Commerce regarding steel wheels produced in Vietnam, which was later withdrawn on March 15, 2024[13] Inventory and Receivables - Accounts receivable decreased to CNY 674,375,000.58 from CNY 750,137,506.89, indicating a reduction of approximately 10.1%[16] - Inventory increased to CNY 1,239,402,363.43 from CNY 1,187,942,019.33, reflecting an increase of about 4.3%[16] - The company reported a total of CNY 38,042,958.80 in accounts receivable financing, down from CNY 46,409,351.25[16] - The company has a total of CNY 129,838,476.33 in prepayments, an increase from CNY 99,960,185.76[16] Research and Development - The company’s R&D expenses for Q1 2024 were CNY 6,644,033.96, a slight decrease from CNY 7,154,046.38 in the same period last year[21]