Anji Technology(688019)2024-04-26 10:01Financial Performance - The company's net profit attributable to shareholders increased by 37.93% year-on-year, while the net profit excluding non-recurring gains and losses grew by 50.70%[6]. - Operating revenue reached approximately RMB 378.45 million, reflecting a year-on-year growth of 40.51%[12]. - The net profit for the first quarter was 105,080,291.47, an increase from 76,181,951.92 in the previous year, representing a growth of approximately 38.0%[26]. - The company's net profit attributable to shareholders was RMB 105,166,223.50 for the first quarter of 2024, compared to RMB 76,196,298.23 in the same period of 2023, representing an increase of approximately 38.1%[50]. - Basic earnings per share for the first quarter of 2024 were reported at RMB 1.06, up from RMB 1.02 in the previous year, indicating a growth of about 3.9%[50]. Cash Flow - The net cash flow from operating activities increased by 46.99%, primarily due to an increase in sales collections during the reporting period[8]. - The company reported a net cash flow from operating activities of 107,658,319.26, compared to 46.99 in the previous year[33]. - In Q1 2024, the net cash flow from operating activities was RMB 107,658,319.26, an increase of 46.9% compared to RMB 73,242,070.38 in Q1 2023[52]. - Total cash inflow from operating activities reached RMB 377,517,506.22, up from RMB 329,816,043.89, reflecting a growth of 14.4% year-over-year[51]. - Cash outflow for purchasing goods and services was RMB 172,444,713.20, compared to RMB 138,365,850.33 in the previous year, indicating a rise of 24.6%[51]. - The total cash and cash equivalents at the end of Q1 2024 amounted to RMB 544,252,571.36, down from RMB 668,949,924.76 at the end of Q1 2023[52]. - The company received RMB 2,168,475.21 in tax refunds, a decrease of 41.2% from RMB 3,691,539.48 in the previous year[51]. - Cash received from other operating activities was RMB 13,157,860.98, slightly up from RMB 12,570,948.22, marking a growth of 4.6%[51]. Research and Development - Total R&D investment rose by 53.14%, indicating a continued commitment to innovation and development[8]. - The company invested 72,298,744.93 in R&D, which accounted for 19.10% of operating revenue, an increase of 1.58 percentage points year-on-year[33]. - The company continues to enhance its product R&D and commercialization strategies, focusing on core technological platform competitiveness[33]. Assets and Liabilities - The total assets at the end of the reporting period were 2,725,912,807.55, up 4.71% from 2,603,401,095.73 at the end of the previous year[33]. - Total non-current assets were reported at RMB 1,330,743,456.08, compared to RMB 1,261,094,233.60, marking an increase of around 5.5%[44]. - The total liabilities amounted to RMB 484,376,170.85, a slight increase from RMB 479,356,009.35, indicating a growth of about 1.0%[45]. - The total equity attributable to shareholders rose to RMB 2,241,536,636.70 from RMB 2,124,045,086.38, marking an increase of around 5.5%[45]. - The company's capital reserve increased to RMB 1,030,826,667.69 from RMB 1,018,501,340.87, reflecting a growth of approximately 1.0%[45]. Operating Costs and Expenses - The total operating costs amounted to approximately RMB 261.21 million, up from RMB 196.17 million in the same period last year[25]. - The increase in operating expenses was aligned with the growth in business activities, impacting overall profitability[6]. - The company actively strengthened collaboration with various clients and pursued new business expansions, contributing to revenue growth[13]. - The company reported a slight net loss from investment income, totaling RMB -397,567.69, compared to a profit in the previous year[25]. Other Financial Metrics - The gross profit margin improved as the growth rate of gross profit exceeded that of operating revenue, driven by enhanced production efficiency in certain product lines[6]. - The weighted average return on net assets was 4.81%, an increase of 0.23 percentage points compared to the previous year[33]. - The total comprehensive income for the quarter was 105,166,223.50, compared to 76,196,298.23 in the previous year, reflecting a significant increase[26]. - The cash flow from investing activities showed a net outflow of RMB 84,002,614.99, a significant decrease from a net inflow of RMB 67,699,344.35 in Q1 2023[52]. - Cash flow from financing activities resulted in a net outflow of RMB 8,589,121.30, contrasting with a net inflow of RMB 201,396,752.51 in the same quarter last year[52].