浙江震元(000705) - 2024 Q1 - 季度财报

Financial Performance - Q1 2024 revenue was CNY 1,044,651,488.68, a decrease of 4.87% compared to CNY 1,098,106,955.60 in the same period last year[8] - Net profit attributable to shareholders increased by 3.67% to CNY 19,245,988.18 from CNY 18,564,267.15 year-on-year[8] - Total operating revenue for Q1 2024 was RMB 1,044,651,488.68, a decrease of 4.9% compared to RMB 1,098,106,955.60 in the same period last year[25] - Net profit for Q1 2024 reached RMB 20,240,468.56, representing an increase of 1.9% from RMB 19,867,612.49 in the previous year[25] - The company reported a total profit of RMB 26,533,784.41, slightly up from RMB 26,485,438.25 year-on-year[25] - The company’s total comprehensive income for Q1 2024 was RMB -1,481,514.46, contrasting with RMB 18,878,980.49 in the previous year[25] Cash Flow - Operating cash flow net amount surged by 914.81% to CNY 43,926,318.16 compared to CNY 4,328,543.90 in the previous year[12] - The net cash flow from operating activities for Q1 2024 was RMB 43,926,318.16, a significant increase from RMB 4,328,543.90 in the same period last year, representing a growth of over 900%[26] - Total cash inflow from operating activities was RMB 1,035,579,556.57, down 8.4% from RMB 1,130,681,094.22 year-on-year[26] - Cash outflow from operating activities decreased to RMB 991,653,238.41, compared to RMB 1,126,352,550.32 in the previous year, marking a reduction of approximately 12%[26] - Cash inflow from financing activities was RMB 83,000,000.00, with a net cash flow of RMB 69,804,296.42, compared to a net outflow of RMB 9,799,182.44 in the previous year[26] Assets and Liabilities - Total assets increased by 4.63% to CNY 3,075,251,818.56 from CNY 2,939,079,216.37 at the end of the previous year[8] - Total liabilities reached RMB 1,078,018,427.29, up from RMB 940,293,365.01 at the start of the year[24] - Cash and cash equivalents stood at RMB 500,826,421.36, compared to RMB 458,889,059.10 at the beginning of the period[24] - Accounts receivable increased to RMB 681,850,963.62 from RMB 616,628,646.18[24] - Inventory decreased to RMB 645,754,367.53 from RMB 679,415,763.76[24] - Total equity attributable to shareholders was RMB 1,977,146,690.00, slightly up from RMB 1,975,931,610.49[24] Expenses - R&D expenses rose by 52.74% to CNY 13,503,276.08 from CNY 8,840,762.38 year-on-year[12] - Total operating costs for Q1 2024 were RMB 1,019,976,642.09, down 4.9% from RMB 1,072,140,614.54 year-on-year[25] - Tax expenses for Q1 2024 were RMB 6,293,315.85, a decrease from RMB 6,617,825.76 in the previous year[25] - The company’s sales expenses decreased to RMB 107,745,020.93, down from RMB 120,616,655.30 year-on-year, reflecting a cost control strategy[25] - The cash paid for purchasing goods and services decreased to RMB 717,462,102.43 from RMB 837,064,577.29, a decline of about 14.3%[26] - The cash paid to employees increased slightly to RMB 98,663,768.45 from RMB 95,439,684.58, showing a year-on-year increase of approximately 2.4%[26] Other Income and Comprehensive Income - Other income surged by 182.39% to CNY 1,365,149.84 from CNY 483,424.84 year-on-year[12] - The company reported a significant increase in investment income by 925.71% to CNY 510,984.88 from CNY 49,817.82 in the previous year[12] - Other comprehensive income after tax was RMB -21,721,983.02, compared to RMB -988,632.00 in the same period last year[25] - The company received RMB 243,140.16 in tax refunds, significantly higher than RMB 34,754.50 in the same period last year, indicating improved tax recovery[26] Accounting and Reporting - The company has not undergone an audit for the first quarter report[21] - The report indicates that the company is implementing new accounting standards starting from 2024[21]