Financial Performance - The company's operating revenue for Q1 2024 was ¥124,062,121.18, representing a 19.89% increase compared to ¥103,477,741.25 in the same period last year[5] - Net profit attributable to shareholders for Q1 2024 was ¥4,961,835.96, up 24.44% from ¥3,987,363.01 in the previous year[5] - The total operating revenue for Q1 2024 was CNY 124,062,121.18, an increase of 19.87% compared to CNY 103,477,741.25 in the same period last year[22] - The net profit for the first quarter of 2024 was CNY 4,715,527.94, an increase of 11.8% compared to CNY 4,217,039.47 in the same period last year[23] - The company reported a total comprehensive income of CNY 4,715,527.94, up from CNY 4,217,039.47 year-over-year[24] Cash Flow - The net cash flow from operating activities improved to -¥178,380,677.99, a 9.96% improvement from -¥198,115,804.89 year-on-year[5] - The net cash flow from investing activities surged to ¥58,074,591.37, a 1431.99% increase compared to -¥4,360,002.04 in the same period last year[10] - The total cash inflow from investment activities was CNY 265,162,475.49, while cash outflow was CNY 207,087,884.12, resulting in a net cash flow of CNY 58,074,591.37[27] - The company’s financing activities generated a net cash flow of CNY 24,903,227.60, compared to CNY 10,810,837.19 in the previous year[27] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥2,886,375,073.71, a decrease of 1.08% from ¥2,918,010,318.84 at the end of the previous year[5] - The total assets as of March 31, 2024, were CNY 2,886,375,073.71, slightly down from CNY 2,918,010,318.84 at the beginning of the quarter[20] - Total liabilities decreased to CNY 1,302,043,156.87 from CNY 1,344,736,133.94, a reduction of 3.17%[20] - The equity attributable to shareholders of the parent company increased to CNY 1,521,852,610.14 from CNY 1,515,548,570.18, a rise of 0.22%[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 14,729[12] - The largest shareholder, Deng Bangwu, holds 34.17% of the shares, amounting to 56,100,000 shares[12] - The second-largest shareholder, Min Changfeng, holds 7.31% of the shares, amounting to 12,000,000 shares[12] - The top ten shareholders collectively hold significant stakes, with the top three shareholders alone accounting for 48.78% of the total shares[12] - The company has no preferred shareholders as indicated in the report[14] - There are no changes in the restricted shares for major shareholders, with all shares remaining under lock-up until specified dates in 2024 and 2027[15] - The company has a total of 6,896,551 shares held by Hefei Beicheng Water Investment Fund, representing 4.20% of the total shares[12] Expenses and Income - The total operating costs for Q1 2024 were CNY 117,876,326.54, up from CNY 97,845,498.26, reflecting a year-over-year increase of 20.47%[22] - The company experienced a 33.63% increase in selling expenses, totaling ¥11,889,069.48, due to expanded marketing efforts[9] - The company reported a significant increase in other receivables, which rose by 310.37% to ¥70,385,735.06, primarily due to project guarantee deposits[9] - The company reported a 375.12% increase in non-operating income, amounting to ¥135,966.57, primarily from equity acquisition gains[9] - Investment income for the period was ¥1,157,535.49, reflecting gains from financial products purchased by the company[9] - Research and development expenses were CNY 5,888,294.29, slightly down from CNY 5,928,697.80 in the previous year[23] - The company achieved an investment income of CNY 1,157,535.49, with a notable increase in other income to CNY 735,809.30 from CNY 721,879.27[23] Other Information - The weighted average return on equity decreased to 0.33% from 0.56% in the previous year[5] - The cash and cash equivalents at the end of Q1 2024 amounted to CNY 494,899,828.31, down from CNY 589,302,687.33 at the beginning of the quarter, a decrease of 16.03%[18] - Accounts receivable increased to CNY 421,634,904.28 from CNY 408,578,270.74, representing a growth of 3.09%[18] - Inventory rose to CNY 94,213,419.57, compared to CNY 73,885,477.07, marking an increase of 27.49%[19] - The company has no new strategies or product developments mentioned in the report[13] - The report indicates that there are no changes in the lending or borrowing of shares among the top shareholders[13] - The company has not disclosed any future outlook or performance guidance in the provided content[13] - The company’s basic and diluted earnings per share remained stable at CNY 0.03 for both periods[24]
舜禹股份(301519) - 2024 Q1 - 季度财报