Original(603991)2024-04-29 07:37Financial Performance - The company's operating revenue for Q1 2024 was ¥36,916,123.52, representing a year-on-year increase of 33.28%[5] - The net profit attributable to shareholders was a loss of ¥5,521,774.96, with a basic and diluted earnings per share of -¥0.07[5] - The company reported a net loss of ¥88,679,799.96 for Q1 2024, compared to a net loss of ¥83,158,024.99 in Q1 2023[18] - The company reported a net loss of CNY 7,191,194.44 in Q1 2024, compared to a net loss of CNY 4,445,066.13 in Q1 2023, representing an increase in loss of approximately 61.9% year-over-year[20] - Operating profit for Q1 2024 was CNY -7,365,732.62, compared to CNY -4,445,066.43 in the same period last year, indicating a worsening of approximately 65.5%[20] - The company reported a total comprehensive loss of CNY 7,191,194.44 for Q1 2024, compared to a comprehensive loss of CNY 4,445,066.13 in Q1 2023, indicating a worsening financial position[21] Cash Flow and Liquidity - The net cash flow from operating activities was -¥33,484,303.86, primarily due to increased raw material purchases compared to the same period last year[9] - Cash flow from operating activities showed a net outflow of CNY -33,484,303.86 in Q1 2024, compared to a net outflow of CNY -3,410,327.19 in Q1 2023, indicating a significant decline in cash flow performance[25] - The company’s cash and cash equivalents at the end of Q1 2024 stood at CNY 49,384,948.40, a substantial increase from CNY 7,583,847.61 at the end of Q1 2023[26] - Cash and cash equivalents as of March 31, 2024, amounted to ¥51,034,009.77, compared to ¥33,592,767.45 at the end of 2023, reflecting a growth of 51.7%[15] - The company received CNY 1,213,796.02 in cash related to operating activities in Q1 2024, compared to CNY 529,602.73 in Q1 2023, marking an increase of approximately 129.4%[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥619,149,736.27, reflecting a 3.06% increase from the end of the previous year[6] - Total assets as of March 31, 2024, were ¥619,149,736.27, compared to ¥600,749,300.01 at the end of 2023, indicating a growth of 3.5%[18] - Total liabilities increased to ¥335,281,825.98 from ¥309,690,195.27, a rise of 8.3%[18] - The equity attributable to shareholders decreased by 2.15% to ¥250,820,056.86 compared to the end of the previous year[6] - The total equity attributable to shareholders decreased to ¥250,820,056.86 from ¥256,341,831.83, a decline of 2.2%[18] Revenue and Costs - Total operating revenue for Q1 2024 reached ¥36,916,123.52, an increase of 33.3% compared to ¥27,698,832.20 in Q1 2023[19] - Total operating costs for Q1 2024 were ¥44,794,053.58, up 37.8% from ¥32,536,782.16 in Q1 2023[19] - The increase in operating revenue was mainly attributed to the revenue growth from the subsidiary Suzhou Juyun[9] Shareholder Information - The company had a total of 5,243 common shareholders at the end of the reporting period[11] - The largest shareholder, Shenzhen Zhengxin Tongchuang Investment Development Co., Ltd., held 27.00% of the shares, with 15,000,000 shares pledged[12] Research and Development - Research and development expenses increased significantly to ¥3,904,196.72, a rise of 168.8% from ¥1,456,935.78 in Q1 2023[19] Accounts Receivable and Inventory - Accounts receivable decreased to ¥84,829,782.83 from ¥102,739,785.48, a decline of 17.4%[15] - Inventory increased to ¥86,471,119.14, up 13.5% from ¥76,640,345.40[16] Investment Activities - The company incurred a total of CNY 119,340,000.00 in investment payments in Q1 2023, with no such payments reported in Q1 2024, indicating a strategic shift in investment activities[25] - The company raised CNY 63,500,000.00 from borrowings in Q1 2024, compared to CNY 3,500,000.00 in Q1 2023, showing a significant increase in financing activities[26]