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ST红太阳(000525) - 2024 Q1 - 季度财报
RED SUNRED SUN(SZ:000525)2024-04-29 16:38

Financial Performance - The company's operating revenue for Q1 2024 was ¥845,695,858.31, representing a 13.15% increase compared to ¥747,388,776.20 in the same period last year[3]. - Net profit attributable to shareholders for Q1 2024 was ¥20,076,891.00, a significant increase of 77.41% from ¥11,316,969.11 in the previous year[3]. - Total operating revenue for Q1 2024 was CNY 845,695,858.31, an increase of 13.14% compared to CNY 747,388,776.20 in the same period last year[14]. - Net profit for Q1 2024 reached CNY 19,034,959.53, compared to CNY 7,697,450.67 in Q1 2023, representing a growth of 147.5%[15]. - Operating profit for Q1 2024 was CNY 30,641,178.67, significantly up from CNY 7,398,957.98 in the same period last year[15]. - The company reported a total profit of CNY 28,071,417.98 for Q1 2024, compared to CNY 7,215,593.49 in Q1 2023, marking an increase of 288.5%[15]. Cash Flow and Assets - The net cash flow from operating activities decreased by 45.53% to ¥36,722,129.03, down from ¥67,421,620.44 in the same period last year[3]. - The company's cash and cash equivalents decreased to CNY 291,792,379.29 from CNY 313,622,798.02, reflecting a decline of 6.67%[11]. - Cash flow from operating activities generated CNY 36,722,129.03, down from CNY 67,421,620.44 in Q1 2023[19]. - Cash and cash equivalents at the end of Q1 2024 were CNY 47,558,807.72, a decrease from CNY 144,913,759.77 at the end of Q1 2023[19]. Assets and Liabilities - The company's total assets at the end of Q1 2024 were ¥9,843,276,617.95, a slight decrease of 0.20% from ¥9,862,963,239.83 at the end of the previous year[3]. - Total assets decreased slightly to CNY 9,843,276,617.95 from CNY 9,862,963,239.83, a decrease of 0.2%[13]. - Total liabilities decreased to CNY 8,809,584,160.70 from CNY 8,865,442,844.32, a reduction of 0.63%[13]. - The company's equity attributable to shareholders increased to CNY 909,107,817.92 from CNY 878,819,135.76, an increase of 3.4%[13]. - The company reported a decrease in short-term borrowings to CNY 3,258,213,003.63 from CNY 3,365,854,459.77, a decline of 3.3%[13]. Inventory and Receivables - The company reported a significant increase in inventory, which rose by 37.16% to ¥1,019,849,744.19 compared to ¥743,531,278.03 at the beginning of the period[6]. - Inventory increased significantly to CNY 1,019,849,744.19 from CNY 743,531,278.03, marking an increase of 37.4%[12]. - Accounts receivable decreased to CNY 628,064,937.09 from CNY 844,562,577.75, a reduction of 25.6%[12]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 23,875[8]. - The largest shareholder, Nanjing First Pesticide Group Co., Ltd., holds a 31.50% stake in the company[8]. Government Support and Expenses - The company received government subsidies amounting to ¥10,879,267.46 during the reporting period[4]. - Research and development expenses increased slightly to CNY 46,222,881.24 from CNY 45,162,420.36, indicating a focus on innovation[15]. Operating Costs - Total operating costs for Q1 2024 were CNY 846,335,212.37, an increase of 12.2% from CNY 754,331,508.01 in Q1 2023[15]. Market and Product Development - The company has no new product launches or technological developments reported in this quarter[12]. - There are no significant market expansion or acquisition strategies mentioned in the report[12].