Financial Performance - Operating revenue for the first quarter of 2024 was CNY 37,990,900.45, representing a year-on-year increase of 5.85%[12] - Net profit attributable to shareholders for the first quarter of 2024 was a loss of CNY 1,229,962.87, a decline of 261.11% compared to the same period last year[12] - The net profit for Q1 2024 was a loss of ¥1,561,559.61, compared to a profit of ¥9,348.59 in Q1 2023, indicating a substantial decline[37] - The company reported a total profit loss of ¥1,618,560.16 in Q1 2024, contrasting with a profit of ¥118,583.42 in Q1 2023[37] - Operating profit for Q1 2024 was a loss of ¥1,650,132.69, compared to a profit of ¥85,867.50 in Q1 2023[37] - The total comprehensive loss for Q1 2024 was ¥1,561,559.61, compared to a comprehensive income of ¥9,348.59 in Q1 2023[39] Cash Flow - The net cash flow from operating activities decreased by 33.60% year-on-year, amounting to CNY 2,333,863.12[12] - Cash inflow from operating activities for Q1 2024 was CNY 43,378,361.61, an increase from CNY 41,619,511.27 in Q1 2023, representing a growth of approximately 4.23%[40] - Net cash flow from operating activities for Q1 2024 was CNY 2,333,863.12, down from CNY 3,514,839.27 in Q1 2023, indicating a decline of about 33.6%[40] - Total cash outflow from investing activities in Q1 2024 was CNY 15,379,104.78, compared to CNY 37,439,603.20 in Q1 2023, showing a decrease of approximately 58.9%[42] - Net cash flow from investing activities for Q1 2024 was -CNY 11,377,444.78, an improvement from -CNY 33,286,828.31 in Q1 2023[42] - Cash outflow from financing activities in Q1 2024 was CNY 3,649,111.77, up from CNY 2,800,863.42 in Q1 2023, reflecting an increase of about 30.3%[42] Assets and Liabilities - Total assets as of March 31, 2024, were CNY 420,331,875.08, a decrease of 0.40% compared to the end of the previous year[12] - The company's total liabilities to total assets ratio was 17.87% as of March 31, 2024, compared to 17.67% at the end of the previous year[12] - Current liabilities increased from 37,364,195.04 to 40,899,455.58, an increase of about 13.5%[31] - Non-current liabilities decreased from 37,224,068.20 to 34,205,832.82, a reduction of approximately 8.2%[32] - Total liabilities increased slightly from 74,588,263.24 to 75,105,288.40, an increase of about 0.7%[32] - Shareholders' equity decreased from 347,441,396.29 to 345,226,586.68, a decline of approximately 0.6%[32] Research and Development - Research and development expenses increased by 58.80% year-on-year, totaling CNY 5,639,953.34, due to an increase in R&D projects[14] - Research and development expenses rose significantly to ¥5,639,953.34, a 58.66% increase from ¥3,551,660.42 in the same period last year[36] Shareholder Information - Total equity held by shareholders with over 5% ownership is 82.75%[22] - The largest shareholder, China Textile Science Research Institute Co., Ltd., holds 58.54% of shares[21] - The total number of ordinary shareholders is 6,150[20] Other Income and Expenses - Other income rose significantly by 252.22% year-on-year, reaching CNY 2,413,219.16, primarily due to increased government subsidies[14] - Other income increased to ¥2,413,219.16 in Q1 2024, compared to ¥685,140.74 in Q1 2023, reflecting a growth of 252.06%[36] - The company experienced a credit impairment loss of ¥550,070.41 in Q1 2024, compared to a gain of ¥756,238.63 in Q1 2023[37] Miscellaneous - The company has not reported any significant legal disputes or external guarantees during the reporting period[26] - There were no changes in accounting policies or errors corrected during the reporting period[19] - Total current assets as of March 31, 2024, amounted to CNY 272,666,811.79, a decrease from CNY 278,765,451.43 at the end of 2023[30] - Cash and cash equivalents were CNY 213,258,446.15, down from CNY 224,451,139.58[30] - Accounts receivable increased to CNY 50,095,814.67 from CNY 46,905,981.92[30] - Inventory decreased to CNY 2,939,689.23 from CNY 3,373,360.41[30] - The weighted average return on equity based on net profit attributable to shareholders was -0.36% for the first quarter of 2024, compared to 0.23% in the same period last year[12]
中纺标(873122) - 2024 Q1 - 季度财报