Financial Performance - Net profit attributable to shareholders rose by 24.87% to CNY 8,757,837.89 for Q1 2024, up from CNY 7,013,560.17 in Q1 2023[8] - Operating revenue for Q1 2024 was CNY 28,107,492.99, reflecting a 6.59% increase from CNY 26,368,619.44 in the same period last year[8] - The company reported a total profit of ¥10,214,970.16 for Q1 2024, an increase of 27.2% from ¥8,035,385.13 in Q1 2023[40] - Operating profit increased to ¥10,448,774.17, a rise of 30.4% compared to ¥8,011,735.62 in the same period last year[40] - The comprehensive income total for Q1 2024 was ¥8,757,837.89, up from ¥7,013,560.17 in Q1 2023, marking a 24.9% increase[40] - Basic and diluted earnings per share for Q1 2024 were both ¥0.10, compared to ¥0.08 in Q1 2023, indicating a 25% increase[41] Cash Flow - The net cash flow from operating activities turned negative at CNY -2,288,036.13, a decline of 179.82% compared to CNY 2,866,592.23 in Q1 2023[8] - In Q1 2024, the company's operating cash flow was negative at -2,288,036.13 CNY, compared to a positive cash flow of 2,866,592.23 CNY in Q1 2023, representing a significant decline[44] - Total cash inflow from operating activities in Q1 2024 was 21,435,503.30 CNY, down from 23,393,163.10 CNY in Q1 2023, indicating a decrease of approximately 8.4%[44] - Cash outflow from operating activities increased to 23,723,539.43 CNY in Q1 2024, compared to 20,526,570.87 CNY in Q1 2023, marking an increase of about 15.5%[44] - The company reported a net cash outflow from investing activities of -885,178.00 CNY in Q1 2024, compared to -481,870.91 CNY in Q1 2023, reflecting a worsening investment cash flow situation[46] - Cash inflow from financing activities was 1,000,000.00 CNY in Q1 2024, a significant decrease from 30,760,000.00 CNY in Q1 2023, indicating a drop of approximately 96.7%[46] - The net cash outflow from financing activities in Q1 2024 was -5,008,588.89 CNY, compared to a net inflow of 29,707,846.39 CNY in Q1 2023, showing a drastic change in financing position[46] - The company's cash and cash equivalents at the end of Q1 2024 stood at 40,811,202.24 CNY, down from 81,244,089.91 CNY at the end of Q1 2023, a decrease of approximately 49.7%[46] - The company experienced a negative net increase in cash and cash equivalents of -8,073,793.35 CNY in Q1 2024, contrasting with a positive increase of 31,761,007.61 CNY in Q1 2023[46] Assets and Liabilities - Total assets increased by 3.01% to CNY 251,128,745.56 as of March 31, 2024, compared to CNY 243,779,147.92 at the end of 2023[8] - Total liabilities rose to ¥28.21 billion, up from ¥26.44 billion, indicating an increase of about 6.7%[35] - Shareholders' equity increased to ¥222.92 billion, compared to ¥217.34 billion, reflecting a growth of approximately 2.4%[35] - Accounts receivable increased by 47.28% to CNY 35,740,810.67, primarily due to larger customer orders not yet collected[9] - Contract liabilities surged by 199.76% to CNY 2,717,291.76, driven by increased domestic and international sales orders[10] - The total current assets decreased to ¥196,957,219.26 from ¥205,258,434.17, indicating a decline of about 4.5%[33] - The company's fixed assets increased to ¥41,730,744.59 from ¥40,104,922.93, showing a growth of approximately 4.1%[33] Expenses - Research and development expenses rose by 57.61% to CNY 2,671,914.07, reflecting the company's commitment to new product development[11] - The income tax expense increased by 42.60% to CNY 1,457,132.27, attributed to higher profits compared to the previous year[11] - The company spent 11,228,845.13 on purchasing goods and services, an increase of 31.04% year-on-year, driven by higher orders from major clients in Q4 2023[12] - The company incurred cash payments of 885,178.00 for fixed assets and other long-term assets, an increase of 83.70% compared to the previous year, due to workshop renovations and equipment purchases[12] - Total operating costs decreased to ¥17,477,302.84 from ¥18,699,810.49, representing a reduction of 6.5%[39] Shareholder Information - The total number of ordinary shares outstanding is 91,560,000, with 5,551 shareholders[16] - The largest shareholder, Xin Hong, holds 37,000,000 shares, representing 40.41% of the total shares[19] - The company has no pledged or judicially frozen shares among the top ten shareholders[21] - The company repurchased 450,000 shares as part of its share buyback plan, resulting in an increase in treasury stock to CNY 3,176,345.98[10] - The company plans to cancel the repurchased shares and reduce its registered capital accordingly[25] - The company repurchased 450,000 shares, accounting for 0.49% of the total share capital, with a total expenditure of approximately ¥3,174,806.14, representing 63.50% of the planned repurchase fund limit[24] - The maximum transaction price for the repurchased shares was ¥7.30 per share, while the minimum was ¥6.85 per share[24] Legal and Compliance - The company has no ongoing litigation or arbitration matters, and no significant external guarantees or loans were reported during the period[23] - The company has disclosed commitments that are being fulfilled normally, as per the information provided in the prospectus[26] - The company has not faced any investigations or penalties during the reporting period[23] - The company is not currently undergoing any accounting policy changes or corrections[15] Non-Recurring Items - Non-recurring gains and losses totaled 792,337.25, with a net amount after tax of 654,867.73, indicating a positive impact from government subsidies and investment income[14]
朗鸿科技(836395) - 2024 Q1 - 季度财报