Leon(300603)2024-04-24 14:11Financial Performance - The company's revenue for Q1 2024 was ¥141,900,959.70, a decrease of 14.27% compared to ¥165,519,319.16 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥24,222,877.89, representing a decline of 205.32% from a profit of ¥22,998,600.11 in Q1 2023[4] - The net cash flow from operating activities was -¥36,927,473.61, a significant decrease of 2,417.69% compared to -¥1,466,721.88 in the previous year[4] - Total operating revenue for Q1 2024 was CNY 141,900,959.70, a decrease of 14.3% compared to CNY 165,519,319.16 in the same period last year[27] - Net loss for Q1 2024 was CNY 22,954,255.07, compared to a net profit of CNY 21,933,497.32 in Q1 2023[28] - Cash inflow from operating activities was CNY 157,004,186.68, down 21.8% from CNY 200,923,606.99 in the previous year[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,251,226,249.50, down 3.38% from ¥2,329,988,816.89 at the end of the previous year[4] - The company's total liabilities decreased to CNY 814,303,045.52 from CNY 864,179,098.41 at the beginning of the period, reflecting a reduction of approximately 5.8%[25] - The company's total equity decreased to CNY 1,436,923,203.98 from CNY 1,465,809,718.48, a decline of about 2.0%[25] - The company’s total liabilities decreased by 36.79% due to the repayment of long-term loans[9] Cash Flow - The cash flow from investing activities was ¥143,576,006.54, an increase of 948.98% compared to -¥16,911,664.69 in Q1 2023, mainly due to the maturity of financial products[10] - Cash inflow from investment activities totaled 222,589,179.34, a substantial increase from 2.00 in the previous period[32] - The net cash flow from investment activities was 143,576,006.54, compared to -16,911,664.69 in the previous period, showing a strong recovery[32] - Cash outflow from financing activities was 70,722,990.88, down from 250,087,609.45 in the previous period, reflecting reduced financing costs[32] - The net cash flow from financing activities was -47,001,668.82, a significant decrease from 714,936,442.26 in the previous period[32] Shareholder Information - The total number of common shareholders at the end of the reporting period is 45,966[11] - The largest shareholder, Wang Gang, holds 22.42% of shares, totaling 104,206,190 shares, with 79,571,876 shares under lock-up[11] - The company has repurchased 4,296,835 shares, accounting for 0.92% of the total share capital[12] - The top ten shareholders collectively hold a significant portion of the company's shares, with the top three shareholders holding 30.59% combined[11] - Wang Gang, the actual controller, holds 73.99% of Tianjin Hongrui Management Consulting Co., Ltd., indicating a unified action relationship[11] - The total number of shares under lock-up for Wang Gang is 79,571,876, with a release date set for September 15, 2024[14] - The company has a total of 109,039,278 shares under lock-up, with 1,256,756 shares released during the current period[15] Operational Changes - The company has not reported any new product developments or market expansion strategies in this quarter[4] - The company appointed new executives, including a risk control director and an operations director, effective until the end of the current board term[17] Research and Development - Research and development expenses for Q1 2024 were CNY 3,933,223.71, down 28.0% from CNY 5,459,494.93 in the same period last year[28] Financial Management - The company reported a significant decrease in financial expenses by 79.20%, primarily due to a reduction in borrowings[9] - The company has no preferred shareholders or related party transactions disclosed in the report[13] - The company has not reported any changes in the lending or borrowing of shares among the top ten shareholders[12] - The report indicates that there are no known relationships or unified action among the top shareholders beyond the disclosed relationships[12] - The company has established a private equity fund with a target fundraising scale of RMB 106.4 million, contributing RMB 10 million, representing a 9.3985% stake[16] - The company completed the registration of the private equity fund with the Asset Management Association of China[16]