YMK(300249)2024-04-22 11:53Financial Performance - The company's revenue for Q1 2024 reached ¥251,754,005.76, representing a 162.09% increase compared to ¥96,055,703.14 in the same period last year[5] - Net profit attributable to shareholders was ¥5,223,148.54, a significant turnaround from a loss of ¥22,274,599.78 in the previous year, marking a 123.45% improvement[5] - The net profit after deducting non-recurring gains and losses was ¥3,687,361.43, compared to a loss of ¥22,439,477.61 last year, reflecting a 116.43% increase[5] - Basic earnings per share increased to ¥0.0119 from a loss of ¥0.0507, representing a 123.47% improvement[5] - Operating profit for Q1 2024 was CNY 5,085,013.22, a turnaround from a loss of CNY 24,318,926.13 in Q1 2023[21] - Net profit for Q1 2024 was CNY 5,223,148.54, compared to a net loss of CNY 24,989,566.46 in the previous year, indicating a substantial recovery[21] Cash Flow and Liquidity - The company's cash flow from operating activities showed an improvement, with a net outflow of ¥53,287,664.01, which is 30.83% less than the outflow of ¥77,041,906.80 in the previous year[5] - Cash flow from operating activities showed a net outflow of CNY 53,287,664.01, an improvement from a net outflow of CNY 77,041,906.80 in Q1 2023[23] - The company's cash and cash equivalents decreased to RMB 88,542,476.11 from RMB 167,285,112.87, representing a decline of approximately 47.9%[17] - The company's cash and cash equivalents decreased by CNY 76,777,919.00 in Q1 2024, resulting in a closing balance of CNY 54,275,428.39[24] - The beginning cash balance for Q1 2024 was CNY 131,053,347.39, compared to CNY 171,793,568.95 at the start of Q1 2023[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,575,080,722.99, a decrease of 3.00% from ¥1,623,818,211.35 at the end of the previous year[5] - Total assets amounted to CNY 1,575,080,722.99, down from CNY 1,623,818,211.35 in the previous year[21] - Total liabilities decreased to CNY 1,152,823,920.70 from CNY 1,206,784,557.60 year-over-year[21] - Current liabilities totaled RMB 1,038,997,801.56, down from RMB 1,080,518,482.77, showing a decrease of about 3.8%[18] - Short-term borrowings increased to RMB 224,161,409.76 from RMB 209,203,180.60, marking an increase of approximately 7.1%[18] - The company’s long-term borrowings decreased to RMB 101,900,000.00 from RMB 112,090,000.00, a decline of about 9.7%[18] Research and Development - The company's R&D expenses decreased by 38.12% to ¥8,155,480.30 from ¥13,179,293.06 in the previous year, indicating a reduction in new project costs[9] - Research and development expenses for Q1 2024 were CNY 8,155,480.30, down from CNY 13,179,293.06 in the same period last year, reflecting a strategic focus on cost management[20] Investment and Income - The company reported a significant increase in investment income, which rose by 174.30% to ¥506,752.97 from ¥184,744.45 in the previous year[9] - The company reported a decrease in financial asset impairment losses to CNY -5,651,864.34 from CNY 4,024,684.80 in the previous year, indicating improved asset quality[21] Governance and Compliance - The company has made amendments to its governance structure and internal management mechanisms to enhance operational standards[15] - The company has completed the necessary business registration changes and obtained a new business license as of April 23, 2024[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 46,361, with the largest shareholder holding 16.01% of the shares[10] Other Financial Activities - In Q1 2024, the company reported a net cash outflow from investing activities of CNY 21,394.00, compared to CNY 134,737.35 in the same period last year[24] - The company raised CNY 75,000,000.00 from borrowings in Q1 2024, while cash inflows from financing activities totaled CNY 75,000,000.00, compared to CNY 97,620,325.51 in the previous year[24] - Cash outflows for debt repayment amounted to CNY 89,190,000.00 in Q1 2024, slightly down from CNY 91,042,000.00 in Q1 2023[24] - The net cash flow from financing activities was negative at CNY -23,468,860.99 in Q1 2024, contrasting with a positive net cash flow of CNY 242,108.99 in the same quarter last year[24] - The company no longer consolidates Jiangsu Yijin Data into its financial statements since November 2023, following the transfer of its equity stake in October 2023[24]