Financial Performance - Operating revenue for Q1 2024 was CNY 193,609,052.43, a decrease of 52.55% compared to CNY 408,037,331.85 in Q1 2023[12] - Operating costs decreased by 51.09% to CNY 187,933,014.42 from CNY 384,212,165.48 year-on-year[12] - R&D expenses decreased by 42.01% to CNY 2,633,923.36, attributed to reduced investment in new product development[12] - The company reported a significant increase in non-operating income, reaching CNY 2,710,092.85, a 295.97% increase year-on-year[13] - Net profit attributable to shareholders for the current period is ¥216,912,792.77, a significant increase of 349.05% from a loss of ¥87,097,310.59 in the previous year[41] - Operating profit for the current period is ¥213,767,499.26, compared to a loss of ¥88,076,596.24 in the previous period[56] - Net profit for the current period is ¥216,128,932.23, a significant recovery from a loss of ¥89,259,022.14 in the previous period[56] - The total comprehensive income attributable to the parent company's owners is ¥216,884,397.83, recovering from a loss of ¥86,882,950.39 in the previous period[64] Asset and Liability Management - Non-current asset disposal profit amounted to CNY 281,593,361.45, primarily from the sale of subsidiary equity[8] - Total liabilities increased by 54.02% to CNY 84,299,028.72, primarily due to an increase in advance payments[11] - Non-current liabilities decreased from CNY 130,258,420.38 at the beginning of the year to CNY 41,125,512.44 at the end of the period, a reduction of approximately 68.4%[20] - Total liabilities decreased from CNY 2,553,379,468.25 at the beginning of the year to CNY 2,346,490,000.35, a reduction of approximately 8.1%[20] - Current liabilities total ¥2,305,364,487.91, down from ¥2,423,121,047.87 in the previous year[36] Cash Flow Analysis - Cash flow from operating activities showed a significant decline of 107.62%, dropping to CNY (2,664,458.90) compared to CNY 34,975,015.23 in the same period last year[26] - Cash flow from investing activities increased dramatically by 3596.19%, reaching CNY 141,716,637.04, primarily due to proceeds from the sale of subsidiary equity[26] - The company reported a net cash flow from operating activities of -¥2,664,458.90, a decline of 107.62% compared to ¥34,975,015.23 in the previous year[41] - Cash flow from investment activities shows a net inflow of ¥141,716,637.04, compared to a net outflow of ¥4,053,463.91 in the previous period[105] - The net cash flow from financing activities was negative at approximately ¥114.67 million, an improvement from the previous period's negative ¥165.82 million[114] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,472, with H-share holders numbering 42[28] - Shareholders' equity attributable to the parent company increased by 51.42% to ¥642,034,543.92 from ¥424,013,364.43 at the end of the previous year[41] Investment and Other Income - Investment income for the period was CNY 282,197,481.17, primarily from subsidiary equity transfer gains[13] - Other income for the current period is ¥33,789.37, while investment income is ¥282,197,481.17, indicating strong performance in these areas[56] Future Outlook - The company plans to focus on market expansion and new technology development in the upcoming quarters[12]
山东墨龙(00568) - 2024 Q1 - 季度业绩