FRD(SZ:300602)2024-04-24 12:09Financial Performance - The company reported a revenue of ¥982,356,206.68 for Q1 2024, representing a 27.05% increase compared to ¥773,186,472.96 in the same period last year[5]. - Net profit attributable to shareholders was ¥23,635,031.27, a significant turnaround from a loss of ¥25,123,973.77 in the previous year, marking a 194.07% increase[5]. - The net profit after deducting non-recurring gains and losses was ¥20,377,764.12, up 159.03% from a loss of ¥34,520,742.73 in the prior year[5]. - Basic earnings per share improved to ¥0.0410 from a loss of ¥0.0495, reflecting an increase of 182.83%[5]. - Net profit for Q1 2024 was ¥17,073,661.89, a significant recovery from a net loss of ¥27,626,076.12 in Q1 2023[21]. - Total comprehensive income for Q1 2024 was CNY 2,770,829.94, compared to a loss of CNY 27,199,453.78 in the same period last year[22]. Cash Flow - The company experienced a net cash flow from operating activities of -¥16,240,916.72, a decline of 109.76% compared to ¥166,326,234.62 in the same period last year[5]. - The net cash flow from investing activities was -¥10,103,150.00, a decrease of 46.89% compared to the previous period, primarily due to reduced capital expenditures on long-term assets[12]. - Net cash flow from operating activities was negative CNY 16,240,916.72, a significant decline from positive CNY 166,326,234.62 in the previous year[25]. - The company reported a net cash outflow from investing activities of CNY 101,031,531.98, compared to a larger outflow of CNY 190,246,189.94 in the previous year[25]. - Net cash flow from financing activities was negative CNY 156,903,251.68, a decrease from positive CNY 204,014,772.14 in the same period last year[25]. Assets and Liabilities - Total assets decreased by 3.67% to ¥7,111,959,333.55 from ¥7,382,564,131.41 at the end of the previous year[5]. - Total liabilities decreased to ¥3,297,383,593.59 in Q1 2024 from ¥3,574,048,387.87 in Q1 2023, a reduction of approximately 7.7%[18]. - The company's equity attributable to shareholders increased slightly by 0.33% to ¥3,741,640,094.89 from ¥3,729,396,347.56[5]. - Cash and cash equivalents at the end of the period stood at CNY 941,777,068.21, compared to CNY 733,951,198.49 at the end of the previous year, indicating an increase of approximately 28.3%[25]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 31,276[13]. - The largest shareholder, Ma Fei, holds 40.42% of the shares, amounting to 233,641,313 shares, with 63,200,000 shares pledged[13]. - The top ten shareholders include Huang Zheng with 7.44% and Sun Huiming with 2.81%[13]. - The company has not disclosed any significant changes in the top ten shareholders due to margin trading activities[14]. - There are no significant changes in the status of restricted shares during the reporting period[15]. Operational Highlights - Total operating revenue for Q1 2024 reached ¥982,356,206.68, an increase of 27% compared to ¥773,186,472.96 in Q1 2023[20]. - Total operating costs for Q1 2024 were ¥967,693,248.75, up from ¥833,117,499.65 in the same period last year, reflecting a 16% increase[20]. - The company's gross profit margin improved to approximately 1.9% in Q1 2024, compared to a negative margin in Q1 2023[21]. - Research and development expenses for Q1 2024 were ¥54,777,223.02, slightly down from ¥58,417,834.11 in Q1 2023[21]. - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[21]. Receivables and Prepayments - Accounts receivable financing rose by 131.78% to ¥404,852,100.00, driven by increased revenue and corresponding receivables[10]. - Accounts receivable decreased to ¥1,471,842,741.69 from ¥1,753,691,471.62[16]. - The company has a total of 404,852,134.49 in receivables financing, an increase from ¥174,668,941.71[16]. - The company has a prepayment amounting to ¥34,290,100.89, up from ¥15,365,790.33[16].