Financial Performance - Operating revenue surged by 273.31% to CNY 156,387,476.09 for the first quarter of 2024 compared to the same period last year[9]. - Net profit attributable to shareholders reached CNY 223,250.24, a 101.60% increase year-on-year[9]. - Total operating revenue for Q1 2024 reached ¥156,387,476.09, a significant increase from ¥41,892,407.78 in Q1 2023[35]. - The company's net profit for Q1 2024 reached CNY 223,250.24, a significant recovery from a net loss of CNY 13,910,117.31 in the same period of 2023[36]. - The total profit for Q1 2024 was CNY 277,630.27, contrasting with a total loss of CNY 13,950,118.62 in Q1 2023[36]. - The company reported a basic earnings per share of CNY 0.001 in Q1 2024, recovering from a loss of CNY 0.07 per share in Q1 2023[37]. - The total comprehensive income for Q1 2024 was CNY 223,250.24, compared to a comprehensive loss of CNY 13,910,117.31 in Q1 2023[37]. Assets and Liabilities - Total assets increased by 39.60% to CNY 427,656,633.43 compared to the end of last year[9]. - The company's total assets as of March 31, 2024, amounted to ¥501,590,895.23, up from ¥378,119,910.43 at the end of 2023[34]. - The company's current assets reached CNY 382,173,365.80, compared to CNY 262,174,134.28 at the end of 2023, indicating a significant increase of about 45.7%[28]. - The total liabilities as of March 31, 2024, were ¥259,193,206.49, compared to ¥135,723,879.56 at the end of 2023, showing a substantial increase[34]. - The company's total liabilities were not explicitly stated, but accounts payable surged to CNY 176,219,005.88 from CNY 40,959,591.58, indicating a significant increase of about 330.5%[28]. Cash Flow - Cash flow from operating activities improved by 60.50%, with a net outflow of CNY 3,385,981.22[10]. - Cash inflows from operating activities in Q1 2024 totaled CNY 22,182,879.30, down from CNY 69,446,005.14 in Q1 2023, highlighting a decline in cash generation[41]. - The net cash flow from operating activities for Q1 2024 was -6,504,410.18, compared to 18,599,331.39 in Q1 2023, indicating a significant decline in cash generation[44]. - Total cash inflow from operating activities decreased to 19,961,155.01 in Q1 2024 from 84,665,964.21 in Q1 2023, reflecting a drop of approximately 76.5%[44]. - The total cash and cash equivalents at the end of Q1 2024 were 43,645,233.03, down from 22,696,084.29 at the end of Q1 2023, indicating a decrease in liquidity[45]. Shareholder Information - The number of shareholders holding more than 5% of shares includes Dai Fuhao with 18.14% and Cui Zhenying with 5.57%[17]. - The company disclosed that major shareholders do not have any pledged or frozen shares, indicating a stable ownership structure[19]. Research and Development - Research and development expenses decreased by 77.05% to CNY 559,070.89 due to capitalization of expected results[11]. - Research and development expenses for Q1 2024 were ¥559,070.89, a decrease from ¥2,436,521.63 in Q1 2023, indicating a shift in investment strategy[35]. - Research and development expenses decreased to CNY 559,070.89 in Q1 2024 from CNY 787,906.45 in Q1 2023, indicating a focus on efficiency[39]. Operational Efficiency - The company's inventory decreased to CNY 76,808,043.81 from CNY 91,599,218.29, showing a reduction of approximately 16.2%[28]. - The company reported a decrease in sales expenses to CNY 1,301,967.75 in Q1 2024 from CNY 2,122,727.40 in Q1 2023, reflecting improved cost management[39]. - The operating profit for Q1 2024 was CNY 3,414.88, a recovery from an operating loss of CNY 8,655,970.83 in Q1 2023[39]. Compliance and Governance - The company reported no litigation or arbitration matters during the reporting period, ensuring compliance with regulatory requirements[22]. - The company has not engaged in any external guarantees or loans, maintaining a conservative financial strategy[22]. - There were no significant related party transactions outside of routine operations, ensuring transparency in financial dealings[22].
同辉信息(430090) - 2024 Q1 - 季度财报