Financial Performance - Net profit attributable to shareholders rose by 67.01% to CNY 13,538,589.85 for the first quarter of 2024, up from CNY 8,106,411.18 in the same period last year[12] - Operating revenue decreased by 1.61% to CNY 31,332,389.25 in Q1 2024, compared to CNY 31,845,258.27 in Q1 2023[12] - Operating profit for Q1 2024 was ¥15,643,881.95, up 91.5% from ¥8,191,403.21 in Q1 2023[33] - Basic earnings per share for Q1 2024 were ¥0.08, compared to ¥0.06 in Q1 2023, reflecting a 33.3% increase[34] - Tax expenses for Q1 2024 were ¥2,097,871.58, significantly higher than ¥84,402.29 in Q1 2023[33] - Other income for Q1 2024 was ¥8,123,618.68, a decrease from ¥38,267.74 in Q1 2023[32] Assets and Liabilities - Total assets increased by 3.63% to CNY 365,281,979.61 as of March 31, 2024, compared to CNY 352,482,522.82 at the end of 2023[12] - The company's total liabilities to total assets ratio remained low at 4.04% as of March 31, 2024[12] - The total liabilities decreased slightly from 15,491,231.40 yuan to 14,752,098.34 yuan[31] - The company's retained earnings increased significantly from 26,451,182.39 yuan to 39,989,772.24 yuan[31] - The total current assets increased to 298,346,911.06 yuan from 286,781,643.76 yuan[29] Cash Flow - The company's cash flow from operating activities dropped significantly by 98.91% to CNY 145,738.45, down from CNY 13,425,550.18 in the previous year[12] - Cash and cash equivalents decreased by 70.35% to CNY 12,713,682.32 due to equipment purchases and construction costs[13] - Cash flow from operating activities for Q1 2024 was ¥145,738.45, a decrease from ¥13,425,550.18 in Q1 2023[35] - The ending balance of cash and cash equivalents was $12.71 million, down from $42.88 million at the beginning of the period[36] - Cash flow from financing activities showed a significant outflow compared to inflow, indicating a potential need for capital restructuring[36] Shareholder Information - The total number of ordinary shareholders was 2,876 as of the end of the reporting period[18] - The total number of shares held by the top ten shareholders is 136,646,862, representing 77.01% of the total shares[21] - The largest shareholder, Su Aiqin, holds 51,100,000 shares, accounting for 28.80% of the total shares[21] - The company has no pledged or judicially frozen shares among the top shareholders[23] Government Support and Investments - The company received government subsidies amounting to CNY 8,078,500.00, contributing to the increase in net profit[15] - Investment income increased by 211.70% to CNY 161,524.38, attributed to higher returns from financial products[14] - The company invested $3.25 million in fixed assets, intangible assets, and other long-term assets[36] - The cash inflow from investment activities was $80.33 million, indicating significant investment activity during the period[36] Expenses - Research and development expenses increased to ¥1,840,407.98 in Q1 2024, up 26.4% from ¥1,456,026.58 in Q1 2023[32] - Sales expenses rose to ¥1,050,479.65 in Q1 2024, compared to ¥976,185.45 in Q1 2023, indicating a 7.6% increase[32]
汇隆活塞(833455) - 2024 Q1 - 季度财报