Financial Performance - Operating revenue for Q1 2024 reached CNY 93,295,232.88, a significant increase of 69.59% from CNY 55,012,966.22 in Q1 2023[10] - Net profit attributable to shareholders decreased by 52.06% to CNY 1,958,129.11 from CNY 4,084,195.27 in the same period last year[10] - The company's gross profit margin was impacted by a 72.76% increase in operating costs, reaching CNY 84,002,534.37 due to increased sales volume[12] - Basic earnings per share decreased by 66.67% to CNY 0.02, attributed to an increase in share capital from a capital reserve conversion[12] - The company experienced a 100% increase in investment income to CNY 1,119,198.43, mainly from the redemption of financial products[12] - The net profit for Q1 2024 was ¥1,408,930.49, down from ¥4,026,784.50 in Q1 2023, reflecting a decrease of approximately 65.1%[40] - The company's total equity increased to ¥263,147,566.30 in 2024 from ¥260,343,923.49 in 2023, showing a slight growth of about 1.1%[37] - The total comprehensive income for Q1 2024 was ¥2,803,642.81, down from ¥4,143,949.34 in Q1 2023[43] Cash Flow and Investments - The net cash flow from operating activities improved by 118.14%, amounting to CNY 6,129,956.79, compared to a negative cash flow of CNY 33,797,876.89 in Q1 2023[10] - The company reported a 150.99% increase in net cash flow from investing activities, totaling CNY 31,371,452.51, primarily from the redemption of financial products[12] - The cash flow from operating activities generated a net amount of ¥6,129,956.79 in Q1 2024, compared to a negative cash flow of -¥33,797,876.89 in Q1 2023[44] - Cash inflow from investment activities totaled $47,119,198.43, while cash outflow was $15,668,485.13, resulting in a net cash flow of $31,450,713.30[48] - The company received $46,000,000.00 from investment recoveries, indicating strong investment management[48] Assets and Liabilities - Total assets increased by 9.77% to CNY 414,328,530.73 compared to CNY 377,464,060.92 at the end of the previous year[10] - Current assets increased to CNY 349,234,088.97 as of March 31, 2024, up from CNY 316,130,238.49 on December 31, 2023, representing a growth of approximately 10.5%[31] - Total liabilities increased to CNY 150,769,197.61 as of March 31, 2024, compared to CNY 114,824,960.87 at the end of 2023, indicating a rise of about 31.2%[33] - Total cash and cash equivalents at the end of Q1 2024 amounted to ¥133,826,620.22, up from ¥29,520,873.62 at the end of Q1 2023[45] Shareholder Information - The total number of shares outstanding is 102,650,665, with 37.89% being unrestricted shares and 62.11% being restricted shares[16] - The top five shareholders hold a combined total of 65,073,143 shares, representing 63.39% of the total shares[18] - The largest shareholder, Changxing Tianfu Power Equity Investment Partnership, holds 17,202,872 shares, accounting for 16.76% of total shares[18] - The company has 6,066 common shareholders as of the end of the reporting period[16] Operational Highlights - The company plans to continue expanding its market presence in lithium battery applications, particularly in electric vehicles and energy storage solutions[12] - The company incurred research and development expenses of ¥1,877,530.36 in Q1 2024, slightly higher than ¥1,745,773.63 in Q1 2023[42] - The company's sales expenses increased to ¥2,412,960.37 in Q1 2024 from ¥1,547,162.54 in Q1 2023, reflecting a rise of 55.9%[42] Legal and Compliance - There are no significant legal disputes or external guarantees reported during the period[21] - The company has not disclosed any new commitments during the reporting period[24] - The company has not experienced any asset seizures, freezes, or pledges beyond the reported bank guarantees[21] - The company has not initiated any share buyback programs during the reporting period[21]
天宏锂电(873152) - 2024 Q1 - 季度财报