Financial Performance - The company's revenue for Q1 2024 was ¥307,552,799.57, representing a 4.12% increase compared to ¥295,388,250.03 in the same period last year[5] - The net loss attributable to shareholders decreased by 34.37% to ¥1,822,501.71 from ¥2,776,984.67 year-on-year[5] - Net profit for Q1 2024 was a loss of CNY 1,822,501.71, an improvement from a loss of CNY 2,776,984.67 in Q1 2023[25] - Operating profit for Q1 2024 was a loss of CNY 3,350,576.03, compared to a loss of CNY 4,576,316.70 in the previous year[25] - Basic and diluted earnings per share for Q1 2024 were both CNY -0.0108, an improvement from CNY -0.0164 in Q1 2023[26] Cash Flow - The net cash flow from operating activities improved by 28.30%, amounting to -¥46,048,993.55 compared to -¥64,228,246.35 in Q1 2023[5] - Cash inflow from operating activities in Q1 2024 was CNY 244,282,468.68, down 13.3% from CNY 281,612,886.56 in Q1 2023[28] - The net cash flow from operating activities for Q1 2024 was -46,048,993.55, an improvement from -64,228,246.35 in Q1 2023, indicating a reduction in cash outflow[29] - The total cash outflow from operating activities was 290,331,462.23, compared to 345,841,132.91 in Q1 2023, indicating a decrease in operational cash outflow[29] - The ending balance of cash and cash equivalents was 164,647,299.38, down from 263,673,313.88 at the end of Q1 2023, representing a decline of about 37.5%[29] Assets and Liabilities - The total assets increased by 3.23% to ¥2,141,406,913.86 from ¥2,074,460,685.28 at the end of the previous year[5] - Total liabilities as of Q1 2024 were CNY 563,292,892.61, an increase of 22.9% from CNY 458,624,162.32 in the previous year[25] - Total current assets amount to ¥1,197,353,984.80, an increase from ¥1,155,201,124.17 at the beginning of the period[21] - Total assets stand at ¥2,141,406,913.86, up from ¥2,074,460,685.28, indicating a growth of about 3.24%[21] Inventory and Prepayments - The company's inventory rose by 30.02% to ¥301,615,283.45, primarily due to increased stock of copper and aluminum raw materials[11] - The company reported a significant increase in prepayments by 76.80% to ¥18,075,542.93, attributed to higher advance payments for copper and aluminum purchases[11] - Inventory has increased to ¥301,615,283.45 from ¥231,977,007.99, reflecting a growth of approximately 30%[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 19,024[16] - The largest shareholder, Ganzhou Yihau Group, holds 52.06% of shares, totaling 88,022,985 shares[16] - The number of shares held by the top ten unrestricted shareholders includes 14,088,889 shares held by Ganzhou Development Investment Fund Management[16] - The company repurchased 3,271,742 shares, accounting for 1.94% of the total share capital[17] Other Financial Metrics - Other income surged by 2308.46% to ¥10,506,679.41, mainly due to VAT deductions[12] - The weighted average return on equity improved by 0.06 percentage points, reaching -0.11%[5] - The company paid 27,369,850.52 in cash to employees, an increase from 24,520,955.92 in the previous year, reflecting higher personnel costs[29] - R&D expenses for Q1 2024 were CNY 6,789,346.92, a decrease of 22.9% from CNY 8,811,748.73 in the same period last year[25] Changes in Accounting and Audit - The company did not conduct an audit for the Q1 2024 report, which may affect the reliability of the financial data presented[31] - The company is implementing new accounting standards starting in 2024, which may impact future financial reporting and analysis[30]
逸豪新材(301176) - 2024 Q1 - 季度财报