UIGreen(688661)2024-04-29 07:48Financial Performance - The company's operating revenue for Q1 2024 reached RMB 96.68 million, representing a year-on-year increase of 124.93%[5] - The net profit attributable to shareholders of the listed company was RMB -5.42 million, with a decrease in net profit excluding non-recurring gains and losses of RMB -6.16 million[5] - The company reported a significant increase in contract liabilities by 106.50%, primarily due to an increase in advance payments received[8] - The company experienced a 129.80% increase in operating costs, mainly due to increased revenue from precision shielding covers and precision structural components[9] - Total operating revenue for Q1 2024 reached ¥96,677,557.38, a significant increase of 125.7% compared to ¥42,981,036.44 in Q1 2023[17] - Total operating costs for Q1 2024 were ¥103,073,827.73, up 68.8% from ¥61,004,575.48 in Q1 2023[17] - Net profit for Q1 2024 was a loss of ¥5,401,035.13, an improvement from a loss of ¥7,162,013.24 in Q1 2023[18] - The company recorded a total comprehensive loss of ¥6,478,485.86 for Q1 2024, compared to a loss of ¥7,199,450.21 in Q1 2023[19] Cash Flow and Assets - The net cash flow from operating activities was RMB 2.02 million, with a significant increase in accounts receivable financing by 66.03% due to an increase in bank acceptance bills received[8] - Cash flow from operating activities generated a net inflow of ¥2,019,890.51, compared to a net outflow of ¥14,876,052.99 in Q1 2023[20] - Cash flow from investment activities showed a net inflow of ¥25,424,588.30, down from ¥146,321,995.54 in Q1 2023[20] - The cash and cash equivalents increased to RMB 750,704,150.09 from RMB 712,371,535.99, representing a growth of about 5.4%[13] - The beginning balance of cash and cash equivalents was 745,408,424.52[21] - The total assets as of March 31, 2024, were RMB 1,394,400,091.56, up from RMB 1,378,379,178.46, reflecting a growth of about 1.2%[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,280[10] - The largest shareholder, Luo Xingshun, holds 34.33% of the shares, totaling 30,851,653 shares[11] Liabilities and Equity - Total liabilities increased to RMB 175,758,450.71 from RMB 153,788,998.06, which is an increase of approximately 14.2%[16] - The company's equity attributable to shareholders decreased to RMB 1,218,593,276.87 from RMB 1,224,558,823.12, a decline of about 0.5%[16] - Short-term borrowings increased to RMB 41,797,540.28 from RMB 29,784,408.55, representing a significant rise of approximately 40.4%[16] - The company reported a decrease in undistributed profits to RMB 70,267,897.94 from RMB 75,685,887.50, a decline of about 7.4%[16] Research and Development - Research and development expenses totaled RMB 15.77 million, accounting for 16.31% of operating revenue, a decrease of 22.57 percentage points compared to the previous year[6] - Research and development expenses for Q1 2024 were ¥15,771,736.67, slightly down from ¥16,712,888.96 in Q1 2023[17] Inventory and Accounts Receivable - Accounts receivable decreased to RMB 102,683,574.15 from RMB 116,523,632.98, indicating a reduction of approximately 11.9%[13] - Inventory rose to RMB 85,925,090.90 from RMB 70,228,380.07, marking an increase of around 22.4%[15]