FLDT(600228)2024-04-26 14:02Financial Performance - The company's operating revenue for Q1 2024 was ¥68,618,514.39, representing a decrease of 12.52% compared to the same period last year[3]. - Total revenue for Q1 2024 was ¥68,618,514.39, a decrease of 12.5% compared to ¥78,441,081.12 in Q1 2023[17]. - The net profit attributable to shareholders of the listed company was ¥1,663,717.24, with a significant improvement from a loss to profit due to optimized cost expenses[6]. - Net profit for Q1 2024 was ¥1,663,717.24, a turnaround from a net loss of ¥337,137.60 in Q1 2023[18]. - Operating profit increased significantly to ¥2,442,836.01 from ¥567,724.74, marking a growth of 329.5%[17]. - Basic and diluted earnings per share were both ¥0.0027, indicating a recovery from previous losses[6]. - Basic and diluted earnings per share improved to ¥0.0027 from a loss of ¥0.0005 in the previous year[18]. Cash Flow and Assets - The net cash flow from operating activities was ¥4,904,366.45, indicating a positive cash flow compared to the previous year[6]. - Cash flow from operating activities generated a net cash inflow of ¥4,904,366.45, compared to a net outflow of ¥10,283,751.50 in Q1 2023[21]. - The company's cash and cash equivalents stood at CNY 388,198,025.40 as of March 31, 2024, compared to CNY 385,656,344.82 at the end of 2023[13]. - Cash and cash equivalents at the end of Q1 2024 totaled ¥379,239,060.69, up from ¥399,366,693.03 at the end of Q1 2023[22]. - The total assets at the end of the reporting period were ¥1,618,307,998.78, a decrease of 1.16% from the end of the previous year[4]. - As of March 31, 2024, the company's total assets amounted to CNY 1,618,307,998.78, a decrease from CNY 1,637,236,506.60 as of December 31, 2023[14]. - The company's accounts receivable decreased to CNY 62,223,712.66 from CNY 80,413,377.62 at the end of 2023[13]. - The total liabilities of the company decreased to CNY 152,613,499.01 as of March 31, 2024, from CNY 173,205,724.07 at the end of 2023[15]. - The company's retained earnings increased to CNY 279,422,077.34 as of March 31, 2024, compared to CNY 277,758,360.10 at the end of 2023[15]. Cost Management - In Q1 2024, the company's operating revenue decreased by 12.52% year-on-year, while total operating costs decreased by 19.72%, resulting in improved profit metrics compared to the same period last year[11]. - Total operating costs decreased to ¥67,489,593.43 from ¥84,067,508.68, representing a reduction of 19.7% year-over-year[17]. - Research and development expenses decreased to ¥7,242,856.85 from ¥9,430,276.34, a decline of 23.2% year-over-year[17]. - Sales expenses were reduced to ¥18,604,196.98 from ¥38,385,830.58, a decrease of 51.5%[17]. Shareholder Information - The company had 33,160 common shareholders at the end of the reporting period[8]. - The largest shareholder, Shanghai Xiangrui Enterprise Management Consulting, held 20.15% of the shares, totaling 122,264,158 shares[9]. - The company repurchased 4,058,036 shares from SIG China Investments Master Fund III, LLC as part of its performance compensation plan[12]. Strategic Initiatives - The company plans to focus on optimizing its platform technology services to improve revenue in the upcoming quarters[6]. - The company continues to invest in artificial intelligence research and development, increasing its investment in product functionality innovation[11]. - The company established a new subsidiary, FANLI SINGAPORE PTE. LTD., in January 2024, which has received the necessary incorporation certification from local regulatory authorities[11]. Other Income - The company reported non-recurring gains of ¥8,088.89, primarily from financial asset disposals[5]. - The company reported a significant increase in other income, which rose to ¥145,782.06 from ¥4,746,203.39 in the previous year[17]. Return on Investment - The weighted average return on net assets was 0.11%, reflecting a recovery from a previous loss[6].