CCD(002811)2024-04-29 11:27Financial Performance - The company's revenue for Q1 2024 was ¥225,930,005.69, a decrease of 6.78% compared to ¥242,353,754.75 in the same period last year[6] - Net profit attributable to shareholders increased significantly by 555.43% to ¥40,983,053.78 from ¥6,252,828.56 year-on-year[6] - The net profit excluding non-recurring gains and losses rose by 729.79% to ¥35,322,539.94 compared to ¥4,256,822.48 in the previous year[6] - Basic and diluted earnings per share increased by 650.00% to ¥0.15 from ¥0.02 in the same period last year[6] - Total operating revenue for Q1 2024 was CNY 225,930,005.69, a decrease of 6.0% from CNY 242,353,754.75 in the same period last year[21] - Net profit for Q1 2024 reached CNY 40,983,053.78, significantly up from CNY 6,252,828.56 in Q1 2023, representing a growth of 554.0%[23] - Basic and diluted earnings per share for Q1 2024 were both CNY 0.15, compared to CNY 0.02 in the same quarter last year[24] Asset and Liability Management - The company's total assets decreased by 4.19% to ¥2,491,368,534.76 from ¥2,600,212,281.28 at the end of the previous year[6] - Total liabilities decreased to CNY 1,332,823,741.76 from CNY 1,434,415,269.36, a reduction of 7.1%[20] - As of March 31, 2024, the company's cash and cash equivalents decreased to RMB 443,222,367.75 from RMB 585,617,264.21, representing a decline of approximately 24.2%[18] - The total current assets amounted to RMB 1,911,516,281.36, down from RMB 2,014,710,509.91, indicating a decrease of about 5.1%[18] Cash Flow Analysis - The net cash flow from operating activities was negative at -¥5,896,146.66, a decline of 114.12% compared to ¥41,753,956.61 in the same period last year[10] - The company's cash flow from operating activities showed improvement, contributing positively to the overall financial health[21] - The net cash flow from operating activities for the current period is -5,896,146.66 CNY, a significant decrease compared to 41,753,956.61 CNY in the previous period, indicating a decline in operational performance[25] - Total cash inflow from operating activities decreased to 360,249,360.76 CNY from 400,109,245.24 CNY, reflecting a drop of approximately 9.2%[25] - Cash outflow from operating activities increased to 366,145,507.42 CNY from 358,355,288.63 CNY, resulting in a net cash outflow[25] Investment and Shareholder Information - The company reported a significant increase in investment income by 87.84% to ¥3,841,196.22 from ¥2,044,942.41 year-on-year[10] - The company repurchased a total of 7,602,398 shares, accounting for 2.79% of the total share capital, with a total transaction amount of RMB 47,006,092.06[15] - The highest transaction price during the repurchase was RMB 6.68 per share, while the lowest was RMB 5.66 per share[15] - The company plans to use between RMB 50 million and RMB 100 million for share repurchase, with a maximum repurchase price set at RMB 13.44 per share[14] Operational Metrics - The company's weighted average return on equity improved to 3.53% from 0.52% in the previous year[6] - Research and development expenses increased to CNY 12,750,651.67, up from CNY 10,464,507.36, indicating a focus on innovation[21] - Other comprehensive income after tax was reported at CNY -1,273,172.95, an improvement from CNY -3,011,372.36 in Q1 2023[24] Changes in Current Assets - Accounts receivable decreased to RMB 387,188,114.81 from RMB 414,859,554.26, reflecting a decline of approximately 6.7%[18] - Inventory increased to RMB 74,135,460.37 from RMB 63,177,817.46, showing an increase of about 17.4%[18] - The company’s contract assets decreased to RMB 370,849,077.62 from RMB 420,473,344.81, indicating a decline of approximately 11.8%[18] - The company’s other current assets rose to RMB 572,523,154.93 from RMB 484,475,211.68, representing an increase of about 18.2%[18] Corporate Governance - The number of ordinary shareholders at the end of the reporting period was 13,256[12] - The largest shareholder, Shenzhen Yatai Yizhao Investment Co., Ltd., holds 52.18% of the shares[12] - The company’s board and supervisory board underwent a restructuring, with new candidates nominated for the fifth board and supervisory board[16] Audit Status - The first quarter report for 2024 has not been audited, which may affect the reliability of the financial data presented[27]