东华科技(002140) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 reached ¥1,825,481,985.97, representing a 110.00% increase compared to ¥869,287,711.49 in the same period last year[2] - Net profit attributable to shareholders was ¥121,729,827.70, a 69.89% increase from ¥71,650,773.81 year-on-year[2] - Basic earnings per share rose to ¥0.1726, reflecting a 69.38% increase compared to ¥0.1019 in the same period last year[2] - Operating profit for Q1 2024 was ¥139,203,930.96, up 66.8% from ¥83,500,412.66 in Q1 2023[17] - Net profit attributable to shareholders of the parent company for Q1 2024 was ¥121,729,827.70, representing a 70.0% increase from ¥71,650,773.81 in Q1 2023[18] - The total comprehensive income for Q1 2024 was ¥120,508,173.49, compared to ¥71,480,979.99 in the previous year, an increase of 68.6%[18] Cash Flow - The net cash flow from operating activities improved to ¥141,991,656.45, a significant increase of 144.02% from a negative cash flow of ¥322,528,045.82 in the previous year[2] - Cash flow from operating activities generated a net amount of ¥141,991,656.45, a turnaround from a negative cash flow of ¥322,528,045.82 in Q1 2023[19] - The net cash flow from financing activities surged by 1525.17% to ¥17,469.09 million, due to increased investments from minority shareholders and loans[7] - The net cash flow from investment activities was -68,379,236.91 CNY, compared to -198,560,227.69 CNY in the previous year[21] - The net cash flow from financing activities was 174,690,944.56 CNY, an increase from 10,749,109.34 CNY in the same period last year[21] - The net increase in cash and cash equivalents was 248,674,964.67 CNY, contrasting with a decrease of -513,145,787.85 CNY in the previous year[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥15,659,558,453.39, up 9.23% from ¥14,336,573,892.32 at the end of the previous year[2] - Total assets increased to ¥15,659,558,453.39 from ¥14,336,573,892.32, representing a growth of approximately 9.2%[13] - Total liabilities increased to ¥11,010,891,664.29, up from ¥9,949,422,364.22 in the previous year, indicating a growth of 10.7%[17] - Total equity attributable to shareholders of the parent company rose to ¥4,135,258,828.27, compared to ¥4,008,936,912.39 in the same period last year, reflecting a growth of 3.2%[17] Inventory and Receivables - Inventory balance increased by 898.08% to ¥95,727.47 million, reflecting higher project-related materials[5] - Accounts receivable decreased to ¥716,827,695.01 from ¥896,524,195.39, a decline of approximately 20.0%[13] - Inventory increased significantly to ¥957,274,709.72 from ¥95,911,561.58, reflecting a growth of over 900%[14] Shareholder Information - The company reported a total of 32,520 common shareholders at the end of the reporting period[10] - The top two shareholders hold a combined 67.87% of the shares, with the largest shareholder owning 47.08%[10] Research and Development - Research and development expenses increased by 241.20% compared to the previous year, impacting net profit growth[5] - Research and development expenses surged to ¥69,681,487.62, a 241.5% increase from ¥20,422,622.04 in the previous year[17] Other Financial Metrics - The company reported a significant increase in credit impairment losses of 451.91% to ¥73,708,800.00, attributed to the recovery of large project payments[5] - The balance of construction in progress grew by 42.77% to ¥318,619.10 million, driven by ongoing projects[6] - Short-term borrowings rose to ¥250,222,777.77 from ¥180,181,500.00, an increase of approximately 38.8%[14] - Accounts payable increased to ¥4,617,222,155.17 from ¥3,635,033,345.28, a rise of about 27.1%[14] - Contract liabilities increased to ¥3,484,281,805.45 from ¥3,175,331,043.01, representing a growth of approximately 9.7%[14] - Long-term equity investments increased to ¥580,584,382.17 from ¥563,277,616.94, a growth of about 3.1%[14] Audit Information - The company did not undergo an audit for the first quarter report[22]