Alpha Group(002292)2024-04-29 15:56Financial Performance - The net profit attributable to the parent company for Q1 2024 was ¥50,497,505.46, compared to ¥16,673,884.85 in Q1 2023, representing a significant increase[3]. - The total comprehensive income attributable to the parent company for Q1 2024 was ¥48,890,473.27, compared to a loss of ¥16,451,251.07 in Q1 2023[3]. - The basic and diluted earnings per share for Q1 2024 were both ¥0.0341, up from ¥0.0113 in Q1 2023[6]. - The company's revenue for Q1 2024 was ¥650,410,515.13, representing a 7.98% increase compared to ¥602,343,222.69 in the same period last year[35]. - Net profit attributable to shareholders for Q1 2024 was ¥50,497,505.46, a significant increase of 202.85% from ¥16,673,884.85 in the previous year[35]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, which reached ¥41,805,814.56, up 208.58% from ¥13,547,901.41 in the previous year[35]. - The weighted average return on equity for Q1 2024 was 1.51%, an increase of 1.00% compared to 0.51% in the same period last year[35]. Cash Flow - Cash inflows from operating activities for Q1 2024 totaled ¥756,974,357.30, compared to ¥574,694,557.12 in Q1 2023, indicating a growth of approximately 31.7%[7]. - The net cash flow from operating activities for Q1 2024 was ¥86,186,800.66, a turnaround from a negative cash flow of ¥212,519,126.21 in Q1 2023[10]. - The company reported a tax refund of ¥11,294,190.20 in Q1 2024, compared to ¥11,132,224.71 in Q1 2023, reflecting a stable cash inflow from tax returns[10]. - Cash flow from operating activities showed a significant improvement, reflecting the company's enhanced operational efficiency[50]. - Net cash flow from operating activities improved significantly to ¥86,186,800.66, a turnaround from a negative cash flow of ¥212,519,126.21, representing a 140.55% increase year-on-year[66]. Investment and Financing Activities - Cash outflows from investing activities for Q1 2024 were ¥20,456,623.74, down from ¥29,360,973.06 in Q1 2023, showing a decrease of approximately 30.5%[10]. - The net cash flow from financing activities for Q1 2024 was -¥108,290,759.15, compared to -¥37,428,161.97 in Q1 2023, indicating increased cash outflows[13]. - Cash flow from investing activities was negative at ¥-18,596,772.89, a decline of 121.96% compared to the previous year's positive cash flow of ¥84,695,302.26[66]. - Cash flow from financing activities also saw a significant decrease, amounting to ¥-108,290,759.15, which is a 189.33% decline from ¥-37,428,161.97 in the prior period[66]. Assets and Liabilities - Total assets as of the end of Q1 2024 were ¥4,843,173,824.40, a decrease of 3.26% from ¥5,006,516,051.99 at the end of the previous year[35]. - The total liabilities decreased to ¥1,440,782,352.79 from ¥1,657,208,201.13, indicating a reduction in financial leverage[51]. - Non-current liabilities decreased to ¥162,097,172.53 from ¥185,452,141.38, a reduction of about 12.6%[60]. - Accounts receivable decreased to ¥400,593,260.06 from ¥420,313,404.99, indicating a reduction of approximately 4.3%[60]. - Inventory levels decreased to ¥580,791,361.45 from ¥640,476,066.49, reflecting a decline of about 9.3%[60]. Shareholder Information - The company had a total of 146,672 common shareholders at the end of the reporting period[20]. - The largest shareholder, Cai Dongqing, holds 34.15% of the shares, amounting to 504,940,180 shares[20]. Research and Development - Research and development expenses increased to $38,436,846.12, up from $31,228,669.36, highlighting the company's commitment to innovation[53].