Financial Performance - Operating revenue for Q1 2024 was CNY 44,607,652.56, a decline of 35.51% year-on-year[12] - Net profit attributable to shareholders decreased by 23.18% to CNY 7,749,888.77 compared to the same period last year[12] - The company reported a significant reduction in accounts payable from ¥43,447,974.24 to ¥21,985,426.39, a decrease of approximately 49.3%[34] - Total operating revenue for Q1 2024 was CNY 44,607,652.56, a decrease from CNY 69,170,963.24 in Q1 2023, representing a decline of approximately 35.4%[38] - Net profit for Q1 2024 was CNY 7,749,888.77, compared to CNY 10,088,634.36 in Q1 2023, reflecting a decrease of approximately 23.2%[39] - Earnings per share for Q1 2024 were CNY 0.24, down from CNY 0.43 in Q1 2023, a decline of about 44.2%[40] - Other income for Q1 2024 was CNY 400,710.83, down from CNY 817,618.20 in Q1 2023, indicating a decline of about 51%[39] Assets and Liabilities - Total assets decreased by 8.27% to CNY 469,047,999.97 compared to the end of last year[12] - Total current assets decreased from ¥343,492,519.39 to ¥298,273,197.00, a decline of approximately 13.2%[32] - Total liabilities decreased from ¥167,968,266.96 to ¥117,248,938.16, a reduction of about 30.2%[34] - Current liabilities decreased from ¥122,585,162.30 to ¥71,874,429.06, a decline of approximately 41.2%[34] - Total equity increased from ¥343,361,121.06 to ¥351,799,061.81, an increase of about 2.5%[34] - Total liabilities increased to CNY 280,485,585.76 from CNY 240,368,412.82, marking an increase of approximately 16.7%[37] Cash Flow - The company's cash flow from operating activities showed a net outflow of CNY 15,494,993.16, worsening by 28.22% year-on-year[12] - Cash and cash equivalents decreased from ¥171,671,297.51 to ¥145,088,346.33, a reduction of about 15.5%[32] - Cash flow from operating activities showed a net outflow of ¥15,494,993.16 in Q1 2024, compared to a net outflow of ¥12,084,722.73 in Q1 2023[44] - The company’s investment activities resulted in a net cash outflow of ¥22,129,451.13 in Q1 2024, compared to a larger outflow of ¥31,323,055.43 in Q1 2023[46] - Net cash flow from operating activities was $951,279.63, a decrease from -$2,823,640.66[48] - The net increase in cash and cash equivalents was -$6,507,873.81, down from -$12,931,973.81[48] Shareholder Information - The total share capital is 32,577,807 shares, with 3,910 common shareholders[20] - The largest shareholder, Haiyan Kunbo Holdings, holds 9,380,800 shares, representing 28.80% of total shares[21] - The second-largest shareholder, Haiyan Kunbo Qiye Management Consulting Partnership, holds 3,600,000 shares, accounting for 11.05%[21] - The company has a total of 23,337,387 shares held by the top ten shareholders, which is 71.64% of total shares[21] Research and Development - Research and development expenses decreased by 41.02% to CNY 1,355,425.73 due to the completion of certain projects[14] - Research and development expenses for Q1 2024 were CNY 1,355,425.73, compared to CNY 2,298,269.99 in Q1 2023, a decrease of approximately 41.1%[38] Other Financial Metrics - The weighted average return on equity based on net profit attributable to shareholders was 2.23%, down from 6.72% in the previous year[12] - The company reported a credit impairment loss of CNY 158,854.91 in Q1 2024, compared to a loss of CNY 885,294.39 in Q1 2023, showing an improvement[39] - The company did not incur any investment income in the current period, a 100% decrease compared to the previous year[14] Inventory and Receivables - The company's inventory decreased by 43.65% to CNY 23,069,319.09, attributed to reduced sales scale[13] - Accounts receivable increased slightly from ¥56,615,156.10 to ¥56,815,566.74, an increase of approximately 0.4%[32] - The company reported a significant increase in other receivables by 1746.26% to CNY 912,489.09, mainly due to increased bid deposits[13] Guarantees and Pledges - As of March 31, 2024, the company has pledged assets totaling 89,491,199.73 yuan, which is 19.08% of total assets[28] - The company has provided external guarantees amounting to 7,000,000 yuan, with a guarantee balance of 489,288 yuan[26] - The company has bank deposits pledged amounting to 13,249,213.79 yuan, representing 2.82% of total assets[28] - The company has fixed assets (buildings) mortgaged for 34,127,781.33 yuan, which is 7.28% of total assets[28] Legal and Compliance - The company has no ongoing litigation or arbitration matters[25] - The company has not disclosed any new product or technology developments in this report[25]
坤博精工(873570) - 2024 Q1 - 季度财报