TOYOU(300302)2024-04-28 08:22Financial Performance - The company's operating revenue for Q1 2024 was ¥93,719,196.17, a decrease of 36.97% compared to ¥148,699,090.67 in the same period last year[4] - The net profit attributable to shareholders for Q1 2024 was ¥2,897,347.99, down 68.96% from ¥9,334,115.22 year-on-year[4] - The basic earnings per share for Q1 2024 was ¥0.0060, a decrease of 68.91% from ¥0.0193 in the same period last year[4] - Net profit for the quarter was CNY 2.90 million, down CNY 6.44 million compared to the previous year[14] - Total operating revenue for Q1 2024 was ¥93,719,196.17, a decrease of 37.0% compared to ¥148,699,090.67 in the same period last year[20] - Net profit for Q1 2024 was ¥2,897,347.99, a decline of 68.9% from ¥9,334,115.22 in Q1 2023[22] Cash Flow and Liquidity - The net cash flow from operating activities was -¥66,298,453.19, a decline of 950.31% compared to ¥7,796,966.54 in Q1 2023[4] - Cash and cash equivalents decreased by 440.53% to -¥58,904,366.88, primarily due to reduced sales receipts[7] - Cash and cash equivalents decreased to CNY 106.78 million from CNY 165.26 million at the beginning of the period[17] - The total cash and cash equivalents at the end of Q1 2024 stood at 102,817,525.41, down from 129,481,223.85 at the end of Q1 2023[25] - Cash outflows from operating activities totaled 119,993,567.97, compared to 127,012,246.44 in Q1 2023, showing a reduction in cash outflows[25] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥1,886,429,933.56, an increase of 1.68% from ¥1,855,264,149.69 at the end of the previous year[4] - The company reported a total liability of ¥553,851,821.20, an increase of 5.3% from ¥525,711,538.27 year-over-year[21] - The total equity attributable to shareholders was ¥1,332,578,112.36, slightly up from ¥1,329,552,611.42 in the previous year[21] Investment and Expenditures - The company plans to continue its investment in the Changsha storage industrial park, with capital expenditures increasing by 54.67% to ¥25,470,702.05[7] - R&D investment amounted to CNY 20.03 million, an increase of 25.28% year-on-year, representing over 21% of operating revenue[14] - The cash outflow for purchasing fixed assets and intangible assets was 25,470,702.05, compared to 16,468,286.40 in Q1 2023, indicating increased capital expenditure[25] Revenue Recognition and Accounts Receivable - The company reported a significant increase in accounts receivable, which rose by 31.21% to ¥277,815,023.09, primarily due to increased revenue recognition[6] - Accounts receivable rose to CNY 277.82 million from CNY 211.74 million at the beginning of the period[17] Other Income and Gains - The company received government subsidies amounting to ¥519,786.41 during the reporting period, contributing to non-recurring gains[5] - Investment income for Q1 2024 was ¥1,842,176.66, a recovery from a loss of ¥15,805,139.95 in the previous year[21] - Other comprehensive income after tax was ¥128,152.95, compared to a loss of ¥962,691.22 in Q1 2023[22] Operational Efficiency - The overall gross margin improved to approximately 45% due to the recovery of the semiconductor industry cycle[14] - The company experienced a significant drop in cash received from sales, totaling ¥44,985,045.79 compared to ¥121,632,588.43 in the same period last year[24] Audit and Compliance - The company did not undergo an audit for the Q1 2024 report[26]