SBS(002098)2024-04-26 14:54Financial Performance - The company's revenue for Q1 2024 reached ¥478,945,298.50, representing a 23.07% increase compared to ¥389,164,160.58 in the same period last year[5] - Net profit attributable to shareholders was ¥36,619,975.03, a significant increase of 120.97% from ¥16,572,408.13 in the previous year[5] - The net cash flow from operating activities was ¥56,793,691.49, up 99.07% from ¥28,528,950.24 year-on-year[5] - Basic earnings per share rose to ¥0.1023, reflecting a 120.95% increase compared to ¥0.0463 in the same period last year[5] - The total operating revenue for the first quarter of 2024 was CNY 478,945,298.50, an increase of 23.1% compared to CNY 389,164,160.58 in the same period last year[34] - In Q1 2024, the company's net profit reached CNY 37,265,076.60, a significant increase of 120.5% compared to CNY 16,888,080.91 in Q1 2023[35] - The operating profit for Q1 2024 was CNY 43,672,302.15, up from CNY 18,157,755.26 in the same period last year, reflecting a growth of 140.4%[35] - The total comprehensive income for Q1 2024 was CNY 37,401,166.62, compared to CNY 17,082,538.57 in Q1 2023, reflecting an increase of 118.5%[36] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,908,739,895.44, a 2.68% increase from ¥1,858,917,824.81 at the end of the previous year[5] - The total liabilities increased to CNY 667,693,860.61 from CNY 655,272,956.60, representing a rise of 1.6%[31] - The company's equity attributable to shareholders rose to CNY 1,183,213,065.17 from CNY 1,146,509,496.52, marking an increase of 3.2%[32] Cash Flow and Financial Management - The company’s cash and cash equivalents increased by 137.03% to ¥12,697,970.79, driven by improved operating cash flow and financing activities[11] - The cash and cash equivalents at the end of the reporting period amounted to CNY 291,146,406.46, an increase from CNY 275,942,744.82 at the beginning of the period[29] - The company incurred financial expenses of CNY 2,428,434.66, a decrease of 60.5% from CNY 6,150,965.14 in Q1 2023, indicating improved financial management[35] Shareholder Information - As of the end of the reporting period, the total number of shareholders was 17,821, with the top 10 shareholders holding a combined 56.35% of the total shares[14] - The largest shareholder, Tianjin Huizefeng Enterprise Management Co., Ltd., holds 25.00% of the total shares, all of which are pledged and frozen due to debt disputes[17] - The total number of shares held by shareholders with more than 5% ownership is 201,738,546, which is 56.35% of the total shares[17] Research and Development - The company’s R&D expenses for Q1 2024 were CNY 21,534,358.08, slightly up from CNY 20,510,803.03 in Q1 2023, indicating a focus on innovation[35] - The company has a total of 745 authorized patents, including 258 invention patents, 349 utility model patents, and 138 design patents[16] - The company has issued a total of 11 new patents in the first quarter of 2024, including 7 utility model patents and 4 design patents[16] Governance and Compliance - The company has been under investigation by the China Securities Regulatory Commission since October 25, 2018, for suspected violations of information disclosure laws[22] - The company’s actual controller, Wang Lijun, is also under investigation for suspected manipulation of shares[22] - The company has implemented governance improvements, including revisions to its articles of association and the establishment of an independent director system[23] Future Plans - The company plans to repurchase shares worth between RMB 30 million and RMB 60 million within six months, starting from February 7, 2024[21] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[40]