Important Content Reminder:
- The Board of Directors and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, and bear individual and joint legal responsibilities for any false records, misleading statements, or major omissions.
- The person in charge of the company, the head of accounting, and the accounting institution declare that they ensure the financial information in the quarterly report is true, accurate, and complete.
- Has the financial accounting report for the first quarter been audited? □ Yes ☒ No
I. Main Financial Data
(1) Main Accounting Data and Financial Indicators
Does the company need to restate or adjust previous years' accounting data? □ Yes ☒ No
| Item | Current Period | Same Period Last Year | Change (%) |
|---|
| Operating Revenue (CNY) | 169,122,583.65 | 217,979,415.65 | -22.41% |
| Net Profit Attributable to Shareholders (CNY) | 8,027,984.83 | 33,208,523.53 | -75.83% |
| Net Profit Attributable to Shareholders Excluding Non-Recurring Gains and Losses (CNY) | 6,621,394.13 | 32,342,170.69 | -79.53% |
| Net Cash Flow from Operating Activities (CNY) | 23,961,975.01 | 28,521,973.09 | -15.99% |
| Basic Earnings Per Share (CNY/share) | 0.0730 | 0.4045 | -81.95% |
| Diluted Earnings Per Share (CNY/share) | 0.0730 | 0.4045 | -81.95% |
| Weighted Average Return on Equity | 0.80% | 7.33% | -6.53% |
(2) Non-Recurring Gains and Losses
| Item | Amount for Current Period (CNY) | Explanation |
|---|
| Reversal of Impairment Provision for Receivables | 1,607,689.24 | - |
| Other Non-Operating Income and Expenses | 52,843.33 | - |
| Less: Income Tax Impact | 253,941.87 | - |
| Minority Interest Impact (after tax) | 0.00 | - |
| Total | 1,406,590.70 | - |
(3) Changes and Reasons for Main Accounting Data and Financial Indicators
1. Changes in Balance Sheet Items
| Item | End Balance | Last Year End Balance | Change Ratio | Explanation |
|---|
| Receivables Financing | 3,300,000.00 | - | 100.00% | Mainly due to an increase in bank acceptance bills received. |
| Prepayments | 3,304,892.79 | 1,410,709.90 | 134.27% | Mainly due to an increase in payments to suppliers. |
| Other Receivables | 1,359,784.92 | 2,529,824.39 | -46.25% | Mainly due to the recovery of bid deposits. |
| Inventory | 152,597,843.72 | 84,348,043.55 | 80.91% | Mainly due to increased production based on customer demand. |
| Long-term Equity Investment | 9,986,409.10 | - | 100.00% | Mainly due to new external investments. |
| Construction in Progress | 122,667.78 | - | 100.00% | Mainly due to equipment renovation this period. |
| Other Non-Current Assets | 1,842,250.00 | 1,366,560.00 | 34.81% | Mainly due to an increase in prepayments for long-term asset purchases. |
| Accounts Payable | 286,118,376.82 | 172,332,005.27 | 66.03% | Mainly due to increased inventory and corresponding procurement costs. |
| Contract Liabilities | 7,831,772.29 | 5,269,282.30 | 48.63% | Mainly due to an increase in advance payments this period. |
| Employee Compensation Payable | 5,547,734.64 | 9,312,503.99 | -40.43% | Mainly due to the payment of year-end bonuses this period. |
| Other Payables | 685,703.45 | 55,589,980.43 | -98.77% | Mainly due to cash dividends paid this period. |
| Other Current Liabilities | 2,810,903.96 | 6,542,873.62 | -57.04% | Mainly due to a decrease in the amount of unexpired bills confirmed this period. |
| Other Non-Current Liabilities | 66,824.00 | - | 100.00% | Mainly due to advance payments for contracts over one year. |