FORE(301368)2024-04-22 13:47Revenue and Profit - Revenue for Q1 2024 reached ¥98,625,884.61, an increase of 17.98% compared to ¥83,594,822.37 in the same period last year[5] - Net profit attributable to shareholders decreased by 42.74% to ¥4,590,201.26 from ¥8,016,167.27 year-on-year[5] - Net profit excluding non-recurring gains and losses increased by 67.71% to ¥4,080,728.74 from ¥2,433,143.38 in the previous year[5] - Basic earnings per share fell by 42.86% to ¥0.04 from ¥0.07 year-on-year[5] - Net profit for Q1 2024 was ¥4,590,201.26, a decrease of 42.4% from ¥8,016,167.27 in Q1 2023[21] - Earnings per share for Q1 2024 were ¥0.04, down from ¥0.07 in Q1 2023[22] Cash Flow - Operating cash flow turned negative at -¥222,150.63, a decline of 205.34% compared to a positive cash flow of ¥210,891.15 in the same period last year[5] - Cash received from operating activities increased by 49.74% to ¥112,351,536.62 compared to ¥75,029,155.20 in Q1 2023[11] - Cash generated from operating activities in Q1 2024 was ¥112,351,536.62, compared to ¥75,029,155.20 in Q1 2023, reflecting a growth of 49.8%[24] - Total cash inflow from operating activities was 120,884,257.04, compared to 89,316,797.25 in the previous year, representing a 35.4% increase[25] - Cash outflow from operating activities totaled 121,106,407.67, up from 89,105,906.10, indicating a 36.0% increase[25] - The net cash flow from operating activities for Q1 2024 was -222,150.63, a decrease from 210,891.15 in Q1 2023[25] Assets and Liabilities - Total assets decreased by 1.47% to ¥1,205,669,273.88 from ¥1,223,642,062.66 at the end of the previous year[5] - The company's total current assets decreased from 625,013,493.84 yuan to 583,217,504.30 yuan, a reduction of approximately 6.7%[17] - Cash and cash equivalents decreased from 328,561,321.61 yuan to 268,956,461.49 yuan, a decline of about 18.2%[16] - The total assets of the company at the end of the reporting period are 1,205,669,273.88 yuan, down from 1,223,642,062.66 yuan[17] - The company's total liabilities decreased to ¥230,951,663.20 in Q1 2024 from ¥253,333,211.29 in Q1 2023, a reduction of 8.8%[21] - The total liabilities include accounts payable of 135,583,661.11 yuan, down from 143,835,299.29 yuan, a decrease of approximately 5.7%[17] Expenses - Total operating costs for Q1 2024 were ¥96,677,340.21, up 19.7% from ¥80,742,621.46 in the same period last year[20] - Sales expenses increased by 33% to ¥1,446,849.93, attributed to higher business development costs[10] - Research and development expenses for Q1 2024 were ¥3,603,558.84, a decrease of 7.4% from ¥3,888,071.38 in Q1 2023[21] - The company reported a tax expense of ¥251,413.23 for Q1 2024, down from ¥768,451.59 in the same period last year[21] Shareholder Information - The total number of common shareholders at the end of the reporting period is 25,264[13] - The largest shareholder, Taizhou Huangyan Fengli Electric Control Equipment Co., Ltd., holds 36.97% of the shares, totaling 44,404,200 shares[13] - There are no significant changes in the top 10 shareholders or their participation in margin trading[14] - The company has no preferred shareholders or changes in restricted shares during the reporting period[15] Other Financial Metrics - Other income decreased by 71% to ¥1,902,125.85 due to reduced government subsidies compared to the previous year[10] - Investment income reached ¥258,603.43, marking a 100% increase from zero in the same period last year[10] - Other comprehensive income for Q1 2024 was negative at -¥181,441.95, compared to no other comprehensive income reported in Q1 2023[22] Cash Flow from Investing and Financing Activities - The net cash flow from investing activities was -58,634,023.22, worsening from -42,929,005.86 year-over-year[25] - Cash inflow from investing activities was 10,308,838.60, compared to 7,000.00 in Q1 2023, showing a significant increase[25] - Cash outflow from investing activities rose to 68,942,861.82 from 42,936,005.86, marking a 60.6% increase[25] - The net cash flow from financing activities was -116,506,873.51, reflecting a significant outflow compared to the previous year[25] Accounting Changes - The company adopted new accounting standards starting in 2024, impacting the financial statements[26] - The company did not undergo an audit for the Q1 2024 report[26]