Financial Performance - The company's revenue for Q1 2024 was ¥177,216,289.64, representing a 2.97% increase compared to ¥172,111,765.87 in the same period last year[5] - Net profit attributable to shareholders increased by 18.99% to ¥16,553,657.39 from ¥13,911,798.78 year-on-year[5] - Total operating revenue for Q1 2024 was CNY 177,216,289.64, an increase of 3.9% compared to CNY 172,111,765.87 in Q1 2023[19] - Net profit for Q1 2024 reached CNY 16,553,657.39, representing a 19.0% increase from CNY 13,911,798.78 in Q1 2023[20] - Basic and diluted earnings per share for Q1 2024 were CNY 0.168, down from CNY 0.19 in Q1 2023[21] Cash Flow and Liquidity - The net cash flow from operating activities improved by 27.23%, reaching -¥4,493,970.00 compared to -¥6,175,789.02 in the previous year[5] - Cash inflow from operating activities totaled CNY 204,836,793.80, compared to CNY 184,270,012.44 in the previous year, indicating a 11.2% increase[22] - The cash and cash equivalents net increase was -¥88,044,044.08, indicating a 716.92% increase in cash outflow compared to -¥10,777,500.87 in the previous year[8] - The total cash and cash equivalents at the end of Q1 2024 were 835,532,011.41 CNY, down from 923,576,055.49 CNY at the beginning of the period, reflecting a net decrease of 88,044,044.08 CNY[23] Assets and Liabilities - The total assets at the end of Q1 2024 were ¥1,304,168,721.42, a slight increase of 0.36% from ¥1,299,530,343.29 at the end of the previous year[5] - The total current liabilities decreased from CNY 170,236,974.28 to CNY 159,775,610.32, a reduction of about 6.8%[17] - The company's total liabilities decreased from CNY 181,879,500.81 to CNY 170,905,776.72, a reduction of about 6.1%[17] - The company's non-current assets rose to CNY 168,165,189.18 from CNY 125,782,299.46, indicating a growth of about 33.6%[17] Investment and R&D - Research and development expenses rose by 25.01% to ¥6,214,362.97, reflecting the company's commitment to increasing investment in R&D projects[7] - Research and development expenses increased to CNY 6,214,362.97 in Q1 2024, compared to CNY 4,971,207.10 in Q1 2023, marking a 25.0% rise[19] - The company reported a significant increase in investment income of 973.70%, amounting to ¥325,356.17 compared to ¥30,302.31 in the same period last year[7] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,518[10] Other Financial Metrics - The company's basic earnings per share decreased by 11.58% to ¥0.168 from ¥0.19 year-on-year[5] - The company reported a decrease in other comprehensive income, with a net loss of CNY 941,555.17 in Q1 2024 compared to a gain of CNY 47,865.14 in Q1 2023[20] - The company experienced a 70.00% increase in trading financial assets, reaching ¥85,000,000.00 due to an increase in structured bank deposits[7] - The inventory increased to CNY 71,896,767.31 from CNY 60,065,918.58, representing an increase of approximately 19.7%[16] Audit and Reporting - The company did not undergo an audit for the Q1 2024 report, as indicated in the financial statements[24] - The company’s board of directors released the Q1 2024 report on April 23, 2024[24] - The report indicates that the company is adjusting to new accounting standards starting in 2024, although specific impacts are not detailed[24] - The company has not disclosed any new product developments or market expansion strategies in the current report[14] - The company has not disclosed any new product developments or market expansion strategies in the current report[23]
威马农机(301533) - 2024 Q1 - 季度财报