Baination(300291)2024-04-28 07:51Financial Performance - The company's revenue for Q1 2024 was ¥49,713,427.96, representing a 16.02% increase compared to ¥42,847,865.65 in the same period last year[5] - Net profit attributable to shareholders was ¥3,523,995.35, a significant turnaround from a loss of ¥14,174,356.92 in the previous year, marking a 124.86% improvement[5] - Basic and diluted earnings per share increased to ¥0.0037 from -¥0.0154, reflecting a 124.03% increase[5] - The net loss for Q1 2024 was CNY 20,042,647.96, an improvement from a net loss of CNY 22,139,198.94 in the same period last year[26] - The company reported a profit attributable to the parent company of CNY 3,523,995.35, compared to a loss of CNY 14,174,356.92 in Q1 2023[26] Cash Flow - The net cash flow from operating activities was -¥110,402,390.31, an improvement of 21.66% from -¥140,921,956.91 in the prior year[5] - Cash inflow from operating activities was CNY 124,710,119.35, a decrease from CNY 147,963,132.89 in the previous year[27] - The cash flow from operating activities totaled 235,112,509.66, down from 288,885,089.80 in the previous year, representing a decline of about 18.6%[29] - The net cash flow from investment activities was 147,198,207.18, a turnaround from -651,448,973.56 in Q1 2023, indicating a substantial recovery[29] - The cash inflow from recovering investments was 595,407,265.94, a significant increase from 264,750,000.00 in Q1 2023, showing a growth of approximately 125%[29] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,374,213,118.70, a slight increase of 0.18% from ¥4,366,267,427.93 at the end of the previous year[5] - The total liabilities increased to CNY 670,595,122.98 from CNY 641,900,131.86, marking a rise of 4.3%[25] - The total current assets amount to ¥3.66 billion, slightly up from ¥3.64 billion, indicating a growth of approximately 3.0%[21] - The total non-current assets decreased to ¥715.69 million from ¥728.84 million, a decline of about 1.8%[21] Shareholder Information - The total number of common shareholders at the end of the reporting period is 42,166[17] - The largest shareholder, Yingfeng Group Co., Ltd., holds 26.76% of the shares, totaling 252,089,953 shares[17] - The company's equity attributable to shareholders was ¥3,601,144,099.61, up 0.05% from ¥3,599,209,957.87 at the end of the last year[5] Expenses - The company reported a decrease in sales expenses to ¥1,052.43 million, down 26.60% from ¥1,433.80 million in the previous year[13] - Total operating costs rose to CNY 73,219,802.74, up from CNY 69,858,537.66, reflecting a year-over-year increase of 3.9%[24] - Research and development expenses were not explicitly reported, indicating a potential focus on cost management[25] Investment Activities - Investment activities generated a net cash flow of ¥14,719.82 million, a substantial improvement from -¥65,144.90 million in the prior year, reflecting a 122.60% increase[15] - The company's cash outflow for investment activities was 465,986,392.64, down from 917,559,605.98 in the previous year, indicating a reduction of about 49%[29] Other Information - The company has not reported any changes in the participation of major shareholders in margin trading activities[18] - The company continues to explore market expansion opportunities, although specific new products or technologies were not detailed in the report[25] - The company did not undergo an audit for the Q1 2024 report, which may affect the perception of financial reliability[31]