YLYT(002878)2024-04-29 13:08Financial Performance - The company achieved operating revenue of CNY 593.71 million in Q1 2024, representing a year-on-year increase of 44.49%[5] - Net profit attributable to shareholders reached CNY 28.71 million, a significant increase of 439.71% compared to the same period last year[5] - The marketing business generated revenue of CNY 587 million, up 44.10% year-on-year, with gross profit increasing by 69.45%[7] - Net profit for Q1 2024 was ¥31.53 million, a turnaround from a net loss of ¥8.07 million in Q1 2023[28] - The total comprehensive income for the first quarter was CNY 31,533,272.48, a decrease of CNY 8,073,436.82 compared to the previous period[29] - The total comprehensive income attributable to the parent company was CNY 28,711,491.79, a decrease of CNY 8,451,383.91 compared to the previous period[29] Cash Flow and Assets - Cash flow from operating activities showed a significant decline, with a net outflow of CNY 159.55 million, compared to a net outflow of CNY 2.15 million in the previous year[5] - The company’s total assets decreased by 5.38% from the end of the previous year, amounting to CNY 2.51 billion[5] - The company’s cash and cash equivalents decreased to CNY 643,495,374.93 as of March 31, 2024, down from CNY 1,026,851,512.89 at the beginning of the period[23] - The company’s total current assets amounted to CNY 2,012,385,692.39 at the end of Q1 2024, a decrease from CNY 2,313,632,928.59 at the beginning of the period[23] - The net cash flow from operating activities was -CNY 159,554,455.99, significantly worse than the previous period's -CNY 2,154,630.40[30] - Cash and cash equivalents at the end of the period were CNY 640,509,447.50, down from CNY 1,023,569,012.89 at the beginning of the period[30] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,123, with no preferred shareholders[18] - The top shareholder, Yuanlong Yatu (Beijing) Investment Co., Ltd., holds 32.58% of shares, amounting to 85,027,553 shares, with 6,420,000 shares pledged[18] Financing Activities - The company successfully raised CNY 599,999,999.40 through a stock issuance to specific investors, with a net amount of CNY 591,479,210.71 after expenses[21] - The company’s total cash received from financing activities increased by 192.83% to CNY 60,000,000.00 in Q1 2024, up from CNY 20,489,830.77 in Q1 2023, due to increased bank loans[16] - The company raised CNY 60,000,000.00 from borrowings during the financing activities, an increase from CNY 20,489,830.77 in the previous period[30] - Total cash outflow from financing activities was CNY 138,954,273.95, compared to CNY 81,040,197.41 in the previous period, indicating a significant increase[30] Research and Development - Research and development expenses increased to ¥26.83 million in Q1 2024, up from ¥23.41 million in Q1 2023, indicating a growth of 10.3%[26] Technology and Innovation - The application of new technologies such as AI and WEB3 has enhanced business efficiency and competitive advantage, with successful commercial cases already implemented[11] Tax and Refunds - The company received tax refunds of CNY 1,810,922.90 in Q1 2024, a 69.03% increase compared to CNY 1,071,337.61 in Q1 2023, attributed to increased export tax rebates[16]