AA Belt(SH:603580)2024-04-29 12:47Financial Performance - The company's operating revenue for Q1 2024 was CNY 36,596,637.78, representing a year-on-year increase of 14.64%[5] - The net profit attributable to shareholders for Q1 2024 was CNY 1,232,476.88, showing a significant increase of 158.72% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses reached CNY 681,576.88, reflecting a remarkable growth of 902.98% year-on-year[5] - Basic earnings per share for Q1 2024 were CNY 0.0094, up by 161.11% year-on-year[5] - Total comprehensive income for Q1 2024 was CNY 869,006.60, up from CNY 278,009.10 in Q1 2023, reflecting a growth of approximately 212.2%[20] - The net profit attributable to shareholders of the parent company for Q1 2024 was CNY 1,232,476.88, a significant increase from CNY 476,375.49 in Q1 2023, representing a growth of approximately 158.4%[20] - Net profit for Q1 2024 was ¥698,345.26, representing a significant increase of 129.0% compared to ¥303,886.96 in Q1 2023[19] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 11,235,313.54, which is an increase of 178.03% compared to the previous year[5] - The company's cash and cash equivalents increased to ¥39,257,887.07 as of March 31, 2024, compared to ¥33,808,809.51 at the end of 2023, reflecting a growth of 16.5%[13] - The company reported a total operating cash inflow of CNY 51,531,904.47 for Q1 2024, compared to CNY 40,488,338.29 in Q1 2023, an increase of approximately 27.5%[23] - The cash outflow from operating activities for Q1 2024 was CNY 40,296,590.93, compared to CNY 36,447,317.62 in Q1 2023, reflecting an increase of about 10.1%[23] - The company experienced a net cash increase of CNY 5,449,077.56 in Q1 2024, contrasting with a net decrease of CNY 6,415,838.75 in Q1 2023[24] - Cash flow from operating activities for Q1 2024 was CNY 5,906,040.41, a recovery from a negative cash flow of CNY -7,018,256.68 in Q1 2023[33] Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 524,764,635.90, a slight decrease of 0.68% from the end of the previous year[6] - Total assets as of March 31, 2024, were ¥524,764,635.90, a slight decrease from ¥528,372,737.29 at the end of 2023[15] - Total liabilities decreased to ¥68,173,096.89 from ¥72,650,204.88, a reduction of 6.5%[15] - The total liabilities increased to CNY 31,583,647.82 in Q1 2024 from CNY 30,083,129.83 in Q1 2023, reflecting a growth of 5.0%[28] - The company's equity attributable to shareholders increased to CNY 440,327,853.66, marking a growth of 0.32% compared to the end of the previous year[6] - The company's equity attributable to shareholders increased to ¥440,327,853.66 from ¥438,924,715.44, reflecting a growth of 0.3%[15] Research and Development - Research and development expenses for Q1 2024 were ¥1,993,822.73, down 26.0% from ¥2,693,287.89 in Q1 2023[19] - Research and development expenses for Q1 2024 were CNY 932,487.53, a decrease of 1.9% from CNY 951,033.61 in Q1 2023[29] Government Support - The company received government subsidies amounting to CNY 551,000.00, which are closely related to its normal business operations[7] Shareholder Information - The company has a total of 33,133 common shareholders as of the end of the reporting period[10] Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[34]