GGEC(002045)2024-04-26 10:09Financial Performance - The company's revenue for Q1 2024 reached ¥1,268,644,408.52, representing a 16.78% increase compared to ¥1,086,323,020.16 in the same period last year[5] - Net profit attributable to shareholders was ¥29,169,989.13, a significant increase of 307.93% from ¥7,150,789.46 year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥8,619,574.42, up 445.19% from ¥1,581,021.99 in the previous year[5] - Basic and diluted earnings per share both increased by 150% to ¥0.05 from ¥0.02 in the same quarter last year[5] - Total operating revenue for Q1 2024 reached ¥1,268,644,408.52, an increase of 16.8% compared to ¥1,086,323,020.16 in Q1 2023[25] - Net profit for Q1 2024 was ¥29,267,282.72, a significant increase from ¥7,151,669.58 in Q1 2023, marking a growth of 309.5%[26] - Total comprehensive income for the first quarter of 2024 was CNY 25,253,716.45, compared to CNY 15,711,475.55 in the same period last year, representing a year-over-year increase of approximately 60.5%[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,190,622,531.49, reflecting a 2.82% increase from ¥6,993,414,180.59 at the end of the previous year[5] - Total liabilities increased to ¥3,216,140,067.73 in Q1 2024 from ¥3,044,561,661.47 in Q1 2023, reflecting a growth of 5.6%[23] - The company's equity attributable to shareholders increased to ¥3,971,588,261.49 in Q1 2024 from ¥3,946,055,610.44 in Q1 2023, a growth of 0.6%[23] - The company's total current liabilities rose to ¥2,957,926,623.02 in Q1 2024 from ¥2,784,142,462.37 in Q1 2023, indicating an increase of 6.2%[23] Cash Flow - Cash flow from operating activities showed a net decrease of 3.59%, amounting to ¥406,901,803.82 compared to ¥422,058,435.84 in the previous year[5] - Cash inflow from operating activities totaled CNY 1,849,753,096.29, compared to CNY 1,801,233,039.37 in the previous year, reflecting a growth of approximately 2.7%[28] - Cash outflow from operating activities was CNY 1,442,851,292.47, up from CNY 1,379,174,603.53, marking an increase of about 4.6%[30] - The company reported a net cash flow from investing activities of CNY -162,716,109.27, worsening from CNY -9,912,285.40 in the previous year[30] - Cash inflow from financing activities was CNY 538,745,466.87, compared to CNY 462,859,996.63 in the same period last year, an increase of approximately 16.4%[30] - The ending balance of cash and cash equivalents was CNY 2,693,970,299.83, up from CNY 831,111,637.45 at the end of the previous year, indicating a significant increase of approximately 224%[30] Expenses - Research and development expenses increased by 48% as the company enhanced its core competitiveness and expanded its R&D team[9] - Sales expenses rose by 40% primarily due to increased employee costs and business entertainment expenses[10] - Research and development expenses in Q1 2024 amounted to ¥82,971,901.85, compared to ¥56,035,759.90 in Q1 2023, indicating a rise of 48.2%[26] Shareholder Information - The total number of common shareholders at the end of the reporting period is 56,937[16] - The top 10 shareholders hold a total of 11.11% and 9.48% of shares, with Shenzhen Zhidu Guoguang Investment Development Co., Ltd. and Zhidu Technology Co., Ltd. being the largest shareholders[16] - The company completed a private placement of 99,718,919 shares, raising a net amount of approximately RMB 1,375,375,037.52 for new projects[19] - The second phase of the employee stock ownership plan involves 17,753,978 shares, representing 3.13% of the total share capital, which will be unlocked on February 6, 2024[20] - The company’s total number of shares repurchased for the employee stock ownership plan is 16,600,696 shares, accounting for 2.92% of the total share capital[19] - The company has not reported any changes in the top 10 shareholders due to securities lending activities[18] Other Information - The company experienced a 100% decrease in fair value changes, indicating no gains from foreign exchange derivative contracts in the current period[10] - The company did not undergo an audit for the first quarter report[32] - The report indicates that the company has not yet implemented the new accounting standards as of the beginning of 2024[31]