INSIGHT(SZ:300781)2024-04-28 08:07Financial Performance - The company's revenue for Q1 2024 reached ¥175,839,567.80, representing a significant increase of 128.26% compared to ¥77,035,017.08 in the same period last year[5] - Net profit attributable to shareholders was ¥11,724,921.22, showing a slight increase of 0.69% from ¥11,644,864.08 year-on-year[5] - The company reported a 12.04% increase in net profit after deducting non-recurring gains and losses, amounting to ¥10,870,647.34 compared to ¥9,702,864.82 in the previous year[5] - Net profit for Q1 2024 was CNY 15,668,072.94, representing an increase of 6.4% from CNY 14,723,148.42 in Q1 2023[21] - The company reported a total comprehensive income of CNY 15,676,189.18 for Q1 2024, compared to CNY 14,707,019.09 in the same period last year[22] Cash Flow - The net cash flow from operating activities increased by 80.59% to ¥56,856,411.68, up from ¥31,484,055.68 in Q1 2023, primarily due to increased business collections[11] - Cash inflow from operating activities totaled CNY 341,195,915.56, compared to CNY 134,779,614.34 in the same quarter last year, indicating a growth of 153.5%[23] - The net cash flow from operating activities for Q1 2024 was ¥56,856,411.68, an increase from ¥31,484,055.68 in Q1 2023, representing an increase of 80.5%[25] - Total cash outflow from operating activities amounted to ¥284,339,503.88, compared to ¥103,295,558.66 in the previous year, indicating a significant increase in operational expenses[25] - The net cash flow from investing activities was -¥67,488,726.16, an improvement from -¥99,239,359.21 in Q1 2023, showing a reduced loss in investment activities[25] - Cash inflow from financing activities was ¥12,730,000.00, up from ¥2,208,185.02 in the same period last year, reflecting increased financing efforts[25] - The net cash flow from financing activities improved to ¥4,465,922.21 from -¥15,026,928.52 in Q1 2023, indicating a positive shift in financing operations[25] Assets and Liabilities - Total assets decreased by 3.55% to ¥1,066,355,318.83 from ¥1,105,656,212.06 at the end of the previous year[5] - The company's total current assets amount to ¥637,762,025.92, a decrease from ¥679,352,235.04 at the beginning of the period[17] - The total liabilities decreased to CNY 262,826,088.14 from CNY 318,068,452.89, reflecting a reduction of 17.4%[21] - The total equity increased to CNY 803,529,230.69 from CNY 787,587,759.17, marking a growth of 2.4%[21] - The total liabilities include short-term borrowings of ¥30,360,000.00, an increase from ¥24,560,000.00[17] Shareholder Information - The total number of common shareholders at the end of the reporting period is 36,724[12] - The largest shareholder, Wang Jianchao, holds 18.00% of shares, totaling 19,795,150 shares[12] Research and Development - The company invested significantly in R&D, with development expenditures increasing by 40.02% to ¥9,337,632.49, focusing on AIGC large model video generation capabilities[9] - Research and development expenses were CNY 1,974,451.73, a modest increase from CNY 1,914,302.24 in the previous year[21] Operational Costs - Total operating costs amounted to CNY 161,909,426.52, up 144.4% from CNY 66,325,001.79 year-on-year[20] - The company reported a significant increase in cash paid for operating activities, totaling ¥94,984,477.38 compared to ¥6,692,794.78 in the previous year, highlighting increased operational costs[25] Accounting and Reporting - The company did not undergo an audit for the Q1 2024 report, which may affect the perception of financial reliability[27] - The company is implementing new accounting standards starting in 2024, which may impact future financial reporting[26]