Financial Performance - Net profit attributable to shareholders decreased by 10.78% to CNY 4,398,778.98 for the first quarter of 2024 [10]. - Operating revenue for the first quarter of 2024 was CNY 18,534,621.71, down 6.50% year-on-year [10]. - Total revenue for Q1 2024 was CNY 18,534,621.71, a decrease of 6.5% compared to CNY 19,823,532.42 in Q1 2023 [34]. - Net profit for Q1 2024 was CNY 4,398,778.98, down 10.8% from CNY 4,930,072.60 in Q1 2023 [36]. - The total comprehensive income for Q1 2024 was ¥4,398,787.86, compared to ¥4,930,072.60 in Q1 2023, reflecting a decrease of 10.8% [38]. Cash Flow - Cash flow from operating activities showed a significant decline of 503.15%, resulting in a net outflow of CNY 7,373,474.96 [10]. - The net cash flow from operating activities for Q1 2024 was -¥7,373,474.96, a significant decrease from ¥1,828,955.46 in Q1 2023 [40]. - The net cash flow from financing activities increased significantly by 3,581.71%, reaching 24,476,035.95 yuan, driven by an increase in bank borrowings of 24,495,145.39 yuan to meet operational needs [14]. - The net cash flow from financing activities for Q1 2024 was ¥24,476,035.95, a significant increase from ¥664,800.00 in Q1 2023 [40]. - Cash inflow from investment activities totaled $30.15 million, down from $80.40 million, reflecting reduced investment returns [42]. - Cash outflow for investment activities was $32.99 million, compared to $68.82 million previously, showing a decrease in capital expenditures [42]. Assets and Liabilities - Total assets increased by 5.60% to CNY 383,666,926.06 compared to the end of last year [10]. - Current assets increased to ¥253,770,854.05 as of March 31, 2024, up from ¥236,310,311.63 on December 31, 2023, representing a growth of approximately 7.8% [28]. - Total liabilities increased to ¥48,362,915.03 from ¥32,410,304.89, showing a rise of approximately 49.2% [30]. - Current liabilities rose to ¥45,616,221.40, compared to ¥29,613,934.18, representing an increase of about 54.0% [29]. - Non-current assets totaled ¥129,896,072.01, compared to ¥127,005,225.31, reflecting an increase of about 2.3% [29]. Shareholder Information - The total number of ordinary shares is 86,000,000, with 4,197 shareholders [18]. - The top ten shareholders collectively hold 73.49% of the shares, with the largest shareholder, Wei Wenxu, holding 22.32% [19]. - There were no significant changes in the shareholding structure during the reporting period [18]. - The company does not have any pledged or frozen shares among its top ten shareholders [20]. Expenses - Sales expenses increased by 30.11% to CNY 1,475,578.27, reflecting efforts to expand the market and promote new products [13]. - Research and development expenses increased to CNY 933,429.79, up 18.8% from CNY 785,264.44 in the same quarter last year [34]. - The company's financial expenses decreased by 54.35%, attributed to higher interest income from a larger balance in the fundraising account [13]. - Total operating costs increased to CNY 16,129,330.44, up 4.2% from CNY 15,475,790.76 in the same period last year [34]. Other Financial Metrics - The weighted average return on net assets decreased to 1.32% from 1.50% in the previous year [10]. - Other income increased by 114.58% to CNY 178,750.00 due to government subsidies received [13]. - The company reported a 43.48% increase in credit impairment losses, totaling CNY 2,014,001.95, due to improved management of accounts receivable [13]. - The total equity attributable to shareholders rose to ¥335,304,011.03, up from ¥330,905,232.05, indicating an increase of about 1.3% [30].
科创新材(833580) - 2024 Q1 - 季度财报