萤石网络(688475) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was RMB 1,236,902,103.16, representing a year-on-year increase of 14.61%[4] - The net profit attributable to shareholders was RMB 125,253,301.27, reflecting a growth of 37.38% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 121,621,290.84, up by 34.94% year-on-year[4] - The basic earnings per share increased by 37.50% to RMB 0.22[4] - Total operating revenue for Q1 2024 reached ¥1,236,902,103.16, a 14.6% increase from ¥1,079,187,249.83 in Q1 2023[17] - Net profit for Q1 2024 was ¥125,253,301.27, representing a 37.3% increase compared to ¥91,170,866.24 in Q1 2023[18] - Basic earnings per share for Q1 2024 was ¥0.22, up from ¥0.16 in Q1 2023[19] Expenses and Costs - Research and development expenses totaled RMB 207,472,364.70, accounting for 16.77% of operating revenue, an increase of 1.86 percentage points[5] - Total operating costs increased to ¥1,101,988,558.17, up 14.0% from ¥967,243,475.63 in the same period last year[17] - Sales expenses increased to ¥183,788,340.82, up 32.6% from ¥138,649,376.41 in Q1 2023[17] - The company reported a tax expense of ¥22,829,428.84, compared to ¥21,120,673.73 in the same quarter last year[18] Cash Flow and Liquidity - The net cash flow from operating activities was negative at RMB -153,559,962.37, a decline of 334.26% compared to the previous year[4] - Cash flow from operating activities showed a net outflow of ¥153,559,962.37, compared to a net inflow of ¥65,551,703.59 in Q1 2023[20] - Total cash inflow from operating activities was ¥1,610,918,772.99, an increase from ¥1,301,682,015.02 in the previous year[20] - The net cash flow from financing activities was -$1.34 million, significantly improved from -$24.05 million in the previous year[21] - The ending balance of cash and cash equivalents was $4.37 billion, down from $4.72 billion at the end of the previous year[21] Assets and Liabilities - Total assets at the end of the reporting period were RMB 7,938,282,244.29, a decrease of 3.10% from the end of the previous year[5] - The total liabilities decreased to RMB 2,544,693,084.82 from RMB 2,927,582,905.77, indicating a reduction of about 13.1%[16] - The equity attributable to shareholders increased by 2.44% to RMB 5,393,589,159.47 compared to the end of the previous year[5] - Accounts receivable decreased to RMB 784,926,694.30 from RMB 860,351,858.04, reflecting a decline of approximately 8.8%[14] - Inventory increased slightly to RMB 698,501,001.91 from RMB 694,770,094.37, showing a marginal increase of about 0.4%[14] - Long-term borrowings increased to RMB 330,546,389.75 from RMB 319,337,031.25, indicating a rise of about 3.8%[16] - The company’s retained earnings increased to RMB 1,382,613,622.61 from RMB 1,257,360,321.34, reflecting an increase of about 9.9%[16] Non-Recurring Items - The company reported non-recurring gains of RMB 3,632,010.43 after tax, primarily from government subsidies and other non-operating income[7] - Other comprehensive income after tax was negative at ¥544,099.47, contrasting with a positive amount of ¥1,156,394.60 in Q1 2023[18] Accounting and Standards - The company has not adopted new accounting standards or interpretations for the first time in 2024[21]