Revenue and Profitability - The company's revenue for Q1 2024 was CNY 208,019,462.50, representing a 5.51% increase compared to CNY 197,155,766.75 in the same period last year[5]. - The net profit attributable to shareholders decreased significantly by 98.16%, amounting to CNY 174,193.67, down from CNY 9,466,130.66 in the previous year[5]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, which was CNY -10,486,931.87, a decrease of 233.09% from CNY 7,879,402.84 in the previous year[5]. - The weighted average return on equity dropped to 0.01%, down from 0.72% in the same period last year, indicating a decline in profitability[5]. - The company reported a total comprehensive income of -¥538,756.37, compared to ¥9,460,443.74 in the previous period, indicating a significant decline[18]. - The basic and diluted earnings per share decreased to ¥0.0004 from ¥0.0237 in the previous period[18]. - The company’s total profit for the current period was ¥2,252,377.22, down 78.3% from ¥10,378,115.73 in the previous period[18]. Cash Flow and Investments - The net cash flow from operating activities increased by 9.52% to CNY 44,735,931.18, compared to CNY 40,847,613.75 in the same period last year[5]. - The company reported a 275.82% decrease in net cash flow from investing activities, amounting to CNY -103,755,269.54, due to a reduction in the recovery of financial investments[9]. - The company experienced a net cash outflow from investing activities of -¥103,755,269.54, compared to a net inflow of ¥59,012,583.95 in the previous period[20]. - Cash and cash equivalents at the end of the period decreased to ¥162,057,242.83 from ¥343,872,740.94, a decline of 52.8%[21]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,655,641,698.51, reflecting a 0.68% increase from CNY 1,644,385,578.16 at the end of the previous year[5]. - Current assets decreased to CNY 716,756,764.88 from CNY 737,020,703.94, primarily due to a reduction in cash and cash equivalents[13]. - The company's total liabilities increased to CNY 328,748,942.73 from CNY 318,660,279.89, reflecting a rise in current liabilities[14]. - The total non-current assets increased to CNY 938,884,933.63 from CNY 907,364,874.22, indicating investment in long-term assets[14]. - The equity attributable to shareholders of the parent company rose slightly to CNY 1,326,892,755.78 from CNY 1,325,725,298.27[15]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,606, with the top three shareholders holding a combined 78.62% of the shares[10]. Operating Costs and Expenses - Total operating costs increased to ¥217,690,897.82, up 12.5% from ¥193,485,263.38 in the previous period[16]. - Research and development expenses were ¥16,329,739.70, down 4.9% from ¥17,164,939.75 in the previous period[16]. - The company's cash and cash equivalents at the end of the quarter were CNY 164,819,757.79, down from CNY 223,859,908.09[13]. - Accounts receivable decreased to CNY 287,697,353.44 from CNY 296,267,942.19, indicating a reduction in outstanding customer payments[13]. - Inventory levels decreased to CNY 124,863,189.86 from CNY 142,032,912.29, suggesting improved inventory management[13]. Financial Assets - The company experienced a 102% increase in trading financial assets, reaching CNY 100,999,791.67, primarily due to increased investments in financial products[9]. - Other income increased by 261.71% to CNY 8,784,387.22, attributed to a rise in government subsidies[9].
万祥科技(301180) - 2024 Q1 - 季度财报