LIBA(603519)2024-04-28 08:26Financial Performance - The company's operating revenue for Q1 2024 was CNY 393,092,250.32, representing a year-on-year increase of 44.29%[4] - The net profit for Q1 2024 was CNY 31,586,736.71, a decrease of 87.00% compared to CNY 242,537,518.86 in Q1 2023[20] - Basic earnings per share fell by 86.81% to CNY 0.12, reflecting the decline in net profit[5] - The total comprehensive income for Q1 2024 was CNY 31,586,736.71, significantly lower than CNY 242,537,518.86 in Q1 2023[20] - The company reported total revenue from sales and services of CNY 219,686,887.31, an increase from CNY 198,051,020.83 in the same period last year[23] - Total operating costs increased to CNY 361,517,694.62 in Q1 2024 from CNY 246,735,779.78 in Q1 2023, representing a rise of 46.30%[19] Cash Flow and Assets - The net cash flow from operating activities surged by 403.14% to CNY 38,207,754.60, attributed to an increase in the recovery of overseas sales payments[8] - Cash and cash equivalents at the end of Q1 2024 totaled CNY 893,624,115.32, an increase from CNY 164,614,083.49 at the end of Q1 2023[24] - The company recorded a net increase in cash and cash equivalents of CNY 73,802,350.71 during Q1 2024, compared to CNY 5,099,554.20 in Q1 2023[24] - Cash and cash equivalents as of March 31, 2024, amounted to RMB 932,498,534.45, up from RMB 849,771,896.27 as of December 31, 2023, reflecting a growth of 9.7%[14] - Total assets at the end of the reporting period were CNY 2,109,944,188.75, an increase of 8.32% compared to the end of the previous year[5] - Total assets increased to RMB 2,109,944,188.75 as of March 31, 2024, compared to RMB 1,947,866,532.22 at the end of 2023, representing a growth of 8.3%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,675[10] - The top shareholder, Lu Fengxian, holds 25.92% of the shares, totaling 69,039,049 shares[10] Liabilities and Equity - The total current liabilities rose to RMB 636,821,055.81 from RMB 486,476,529.96, indicating an increase of 30.8%[15] - The company's short-term borrowings increased to RMB 85,000,000.00 from RMB 30,027,958.33, marking a rise of 182.5%[15] - The total equity attributable to shareholders was RMB 1,471,794,817.88 as of March 31, 2024, compared to RMB 1,460,061,687.20 at the end of 2023, reflecting a slight increase of 0.8%[16] Investment and R&D - The company incurred a loss of CNY 1,237,078.97 from investments, contrasting with a gain of CNY 257,371,030.64 in Q1 2023[19] - Research and development expenses rose to CNY 11,787,122.24, up 36.80% from CNY 8,623,421.62 in the previous year[19] Future Outlook - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[8] - The company has not disclosed any new product developments or market expansion strategies in the current report[12]