MACMIC(SH:688711)2024-04-25 10:21Financial Performance - The company's operating revenue for Q1 2024 was ¥246,424,021.52, representing a decrease of 25.59% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥1,716,177.99, a decline of 105.56% year-over-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥5,045,878.17, down 118.47% from the previous year[5]. - The basic earnings per share for the period was -¥0.01, reflecting a decrease of 104.55%[6]. - Net profit for Q1 2024 was a loss of ¥3.11 million, compared to a net profit of ¥30.89 million in Q1 2023, representing a significant decline[20]. - Operating profit for Q1 2024 was a loss of ¥4.47 million, compared to a profit of ¥29.93 million in Q1 2023[20]. Research and Development - Research and development expenses totaled ¥25,807,674.59, accounting for 10.47% of operating revenue, an increase of 3.78 percentage points[6]. - Research and development expenses increased to ¥25.81 million in Q1 2024, up from ¥22.16 million in Q1 2023, indicating a focus on innovation[19]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,385,469,069.86, a decrease of 4.16% from the end of the previous year[6]. - The company's current assets totaled RMB 1,196,194,030.31, down from RMB 1,349,345,624.93, indicating a decrease of about 11.4%[15]. - The company's total liabilities decreased from RMB 1,346,195,875.64 to RMB 1,238,747,208.58, a decline of approximately 8.0%[17]. - The company's equity attributable to shareholders increased slightly from RMB 1,144,780,683.31 to RMB 1,146,097,176.70, reflecting a growth of about 0.1%[17]. Cash Flow - The net cash flow from operating activities was ¥39,078,925.17, with a significant reduction attributed to decreased raw material procurement[8]. - Cash flow from operating activities for Q1 2024 was ¥39.08 million, a significant improvement from a negative cash flow of ¥69.64 million in Q1 2023[23]. - Cash and cash equivalents at the end of Q1 2024 were ¥184.36 million, compared to ¥165.68 million at the end of Q1 2023[23]. - Investment activities resulted in a net cash outflow of ¥39.14 million in Q1 2024, compared to a smaller outflow of ¥11.85 million in Q1 2023[23]. - Financing activities led to a net cash outflow of ¥3.65 million in Q1 2024, contrasting with a net inflow of ¥61.01 million in Q1 2023[23]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 10,035[10]. - The company plans to repurchase shares with a total amount not less than RMB 25 million and not exceeding RMB 50 million, with a maximum repurchase price of RMB 46.99 per share[12]. - The company has not yet conducted any share repurchases as of March 31, 2024[13]. Inventory and Borrowings - The company reported a significant increase in inventory from RMB 462,538,345.87 to RMB 494,871,985.49, an increase of approximately 7.0%[15]. - The company’s short-term borrowings rose from RMB 272,248,989.95 to RMB 293,093,818.17, an increase of about 7.6%[16]. Accounting Standards - The company has adopted new accounting standards starting from 2024, impacting the financial statements from the beginning of the year[24].