天鹅股份(603029) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 105,899,247.72, representing an increase of 8.72% compared to the same period last year [3]. - The net profit attributable to shareholders for Q1 2024 was CNY 6,981,188.13, reflecting a growth of 17.22% year-over-year [3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses surged by 115.15% to CNY 4,104,382.65 [3]. - The basic earnings per share for Q1 2024 increased by 20.00% to CNY 0.06 [3]. - The diluted earnings per share also rose by 20.00% to CNY 0.06 [3]. - The weighted average return on equity improved by 0.08 percentage points to 0.82% [3]. - The company reported a total comprehensive income of CNY 6,679,147.77, an increase from CNY 5,864,374.10 in Q1 2023 [19]. - The company's total profit amounted to CNY 8,486,349.91, an increase of 20.1% from CNY 7,071,518.75 in Q1 2023 [18]. - The company reported a total of CNY 8,875,681.89 in total profit for Q1 2024, which is an increase of 15.1% from CNY 7,715,062.50 in Q1 2023 [27]. Assets and Liabilities - The total assets at the end of Q1 2024 were CNY 2,129,497,864.74, a decrease of 4.01% from the end of the previous year [3]. - As of March 31, 2024, total assets amounted to CNY 2,129,497,864.74, down from CNY 2,218,451,966.82 at the end of 2023 [15]. - Total liabilities decreased to CNY 1,275,182,749.57 from CNY 1,370,774,512.09, a reduction of approximately 6.9% [15]. - The total liabilities decreased to CNY 1,200,800,722.40, down 10.6% from CNY 1,343,262,767.04 at the end of 2023 [24]. - The company's total equity increased to CNY 864,469,995.31 as of March 31, 2024, up from CNY 857,412,674.23 at the end of 2023, reflecting a growth of 0.6% [25]. Cash Flow - The net cash flow from operating activities was negative at CNY -70,843,623.62, indicating a decrease in cash inflow from sales compared to the previous year [3][5]. - The company experienced a net cash outflow from operating activities of CNY -70,843,623.62, compared to CNY -47,241,163.25 in Q1 2023 [22]. - The cash inflow from operating activities was CNY 119,646,253.24, a decrease of 54% compared to CNY 260,328,996.20 in Q1 2023 [30]. - The net cash flow from operating activities was -CNY 57,702,183.86, worsening from -CNY 37,207,730.20 in the same period last year [30]. - The company experienced a net decrease in cash and cash equivalents of -CNY 64,070,973.86 in Q1 2024, compared to -CNY 38,968,137.19 in Q1 2023 [31]. Operating Costs - Total operating costs for Q1 2024 were CNY 101,432,057.60, up from CNY 95,897,593.91 in Q1 2023, reflecting a rise of 5.3% [17]. - Operating costs included CNY 72,388,389.98 in cost of goods sold for Q1 2024, compared to CNY 63,030,554.50 in Q1 2023, indicating a 14.1% increase [17]. - Research and development expenses increased to CNY 8,621,026.66, up 16.0% from CNY 7,427,821.48 in the previous year [18]. - Research and development expenses for Q1 2024 were CNY 5,057,876.56, an increase of 8.7% compared to CNY 4,653,222.49 in Q1 2023 [27]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,673 [7]. - The company provided guarantees for cotton picker purchasers in Xinjiang, with a total guarantee balance of CNY 525,432,600 as of the report date [9]. Cash and Cash Equivalents - Cash and cash equivalents as of March 31, 2024, were CNY 303,923,567.51, down from CNY 380,463,966.80 at the end of 2023, a decline of 20.1% [13]. - The cash and cash equivalents at the end of Q1 2024 were CNY 248,252,886.43, down from CNY 306,476,913.93 at the end of Q1 2023 [22]. - The company's cash and cash equivalents were CNY 284,634,729.40 as of March 31, 2024, down from CNY 348,705,703.26 at the end of 2023, a decrease of 18.4% [23]. - The cash and cash equivalents at the end of Q1 2024 were CNY 228,964,048.32, down from CNY 287,147,313.40 at the end of Q1 2023 [31]. Other Financial Metrics - The financial expenses included interest income of CNY 934,836.70, down from CNY 1,119,138.55 in the previous year [18]. - The company's financial expenses showed a net income of CNY -844,348.64 in Q1 2024, compared to CNY -437,342.71 in Q1 2023, indicating a worsening in financial costs [27]. - The company is not applying new accounting standards for the current reporting period [32].