OLO Home(603326)2024-04-19 13:44Financial Performance - The company's operating revenue for Q1 2024 was ¥281,616,824.84, representing a year-on-year increase of 6.32%[4] - Net profit attributable to shareholders for Q1 2024 was ¥18,989,428.84, a significant increase of 185.75% compared to the same period last year[4] - Basic earnings per share for Q1 2024 were ¥0.0587, reflecting an increase of 178.20% year-on-year[4] - Total operating revenue for Q1 2024 was CNY 281,616,824.84, an increase of 6.0% compared to CNY 264,871,069.74 in Q1 2023[20] - Net profit for Q1 2024 reached CNY 18,989,428.84, a significant increase of 186.5% from CNY 6,645,449.78 in Q1 2023[22] - Basic and diluted earnings per share for Q1 2024 were CNY 0.0587, compared to CNY 0.0211 in Q1 2023, representing an increase of 177.3%[22] Cash Flow - The net cash flow from operating activities for Q1 2024 was -¥84,971,485.35, a decrease of 753.18% compared to the previous year[4] - The company reported a total cash inflow from operating activities of CNY 272,667,141.54 in Q1 2024, down from CNY 335,708,261.18 in Q1 2023, a decrease of 18.8%[26] - The net cash outflow from investment activities was 46,199,022.85 in Q1 2023, indicating a deterioration in investment cash flow performance[27] - Cash inflows from financing activities reached 59,062,039.70 in Q1 2023, marking an increase of approximately 273%[27] - The net cash flow from financing activities was 42,856,455.31 in Q1 2023, reflecting a year-over-year increase of about 87%[27] - The company experienced a net decrease in cash and cash equivalents of 9,666,313.02 in Q1 2023[27] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥2,366,444,729.74, down 3.13% from the end of the previous year[4] - The company's current liabilities totaled RMB 828,721,901.29, down from RMB 904,776,867.72 at the end of 2023, indicating a reduction of about 8.4%[16] - Total liabilities decreased to CNY 1,187,303,336.34 as of March 31, 2024, down from CNY 1,294,844,612.95 at the end of 2023, a reduction of 8.3%[21] - The total non-current liabilities stood at RMB 310,523,326.05, slightly down from RMB 323,328,850.08, indicating a decrease of approximately 4.0%[16] - The company's total current assets increased to RMB 982,756,829.71 from RMB 945,145,601.32, reflecting a growth of about 4.0%[15] Shareholder Information - The company held a total of 21,765 common shareholders at the end of the reporting period[10] - The largest shareholder, NINA YANTI MIAO, holds 62.57% of the shares, totaling 202,319,040 shares[10] Research and Development - Research and development expenses surged to CNY 15,769,230.06 in Q1 2024, compared to CNY 6,343,765.56 in Q1 2023, marking a 148.5% increase[21] Other Information - The increase in net profit was primarily driven by higher main business income, improved product gross margin, and increased government subsidies[9] - The company has not reported any significant new product developments or market expansions in this quarter[13] - The company did not apply new accounting standards or interpretations starting in 2024[27]