秋田微(300939) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥224,203,528.40, representing a decrease of 7.53% compared to the same period last year[4] - The net profit attributable to shareholders for Q1 2024 was ¥24,081,105.12, down 24.18% year-on-year[4] - Basic and diluted earnings per share for Q1 2024 were both ¥0.20, reflecting a decrease of 23.08% from the same period last year[5] - Total operating revenue for the current period is CNY 224,203,528.40, a decrease of 7.5% from CNY 242,473,661.64 in the previous period[29] - Net profit for the current period is CNY 23,821,639.26, a decline of 24.9% compared to CNY 31,681,369.05 in the previous period[30] - Operating profit decreased to CNY 25,554,815.66, down 22.7% from CNY 33,069,657.11[30] - The company reported a total comprehensive income of CNY 23,329,191.99, a decrease from CNY 31,680,104.73 in the previous period[31] Cash Flow - The net cash flow from operating activities was negative at ¥364,493.04, a decline of 102.20% compared to the previous year[5] - The net cash flow from operating activities for Q1 2024 was -364,493.04, a decrease of 102.20% compared to 16,586,134.99 in Q1 2023, primarily due to reduced sales revenue[16] - Cash flow from operating activities showed a net outflow of CNY 364,493.04, contrasting with a net inflow of CNY 16,586,134.99 in the previous period[34] - The net cash flow from investing activities was 219,713,815.99, a significant increase of 151.98% compared to -422,680,591.01 in Q1 2023, mainly due to the redemption of financial products[16] - Cash recovered from investments reached 845,500,000.00, up 322.75% from 200,000,000.00 in the previous year[16] - The net cash flow from financing activities was -70,869,861.41, a drastic decline of 12874.93% compared to -546,206.00 in Q1 2023, attributed to share buybacks and bank loan repayments[16] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥1,608,461,877.07, down 3.98% from the end of the previous year[5] - Total current assets decreased to ¥1,368,194,725.82 from ¥1,454,956,568.23, a decline of about 6%[26] - Total liabilities decreased to ¥248,068,230.90 from ¥307,893,230.86, a reduction of about 19%[28] - The company's total assets decreased to ¥1,608,461,877.07 from ¥1,675,195,754.89, reflecting a decline of approximately 4%[28] - The equity attributable to shareholders decreased slightly to ¥1,354,111,686.11 from ¥1,360,761,098.11, a decrease of about 0.5%[28] - The company reported a decrease in short-term borrowings from ¥34,000,000.00 to zero, indicating a significant reduction in debt[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,548[18] - The largest shareholder, Shenzhen Hanzhi Investment Co., Ltd., holds 45.09% of the shares, totaling 54,108,000 shares[18] Strategic Initiatives - The company plans to continue its share repurchase program, with announcements made on multiple dates in January and February 2024[23] - The board and supervisory board elections were completed on March 2, 2024, indicating a change in governance structure[24] - The company is focusing on expanding its market presence and developing new technologies, as indicated by ongoing investments in R&D[24] - The company is exploring potential acquisitions to enhance its technology portfolio, with a budget of 500 million RMB allocated for this purpose[36] - Strategic partnerships have been established with three key industry players to drive innovation and market reach[36] Market Performance - The company reported a revenue of 1.2 billion RMB for Q1 2024, representing a 15% increase year-over-year[36] - User data showed a growth of 25% in active users, reaching 5 million by the end of Q1 2024[36] - The company provided a revenue guidance of 1.5 billion RMB for Q2 2024, indicating a projected growth of 20% compared to Q1 2024[36] - New product launches contributed to a 30% increase in sales volume, with the latest product line accounting for 400 million RMB in revenue[36] - Market expansion efforts have led to a 10% increase in market share in the Asia-Pacific region[36] - The company plans to enter two new international markets by the end of 2024, targeting a revenue contribution of 300 million RMB from these markets[36] Cost Management - The company experienced a 170.47% increase in credit impairment losses, totaling ¥138,888.00, due to provisions for receivables[13] - The company’s operating expenses decreased by 69.21% to ¥4,112.50, reflecting reduced losses from non-current asset disposals[13] - Total operating costs decreased to CNY 199,194,091.40, down 3.9% from CNY 206,021,430.53[29] - The gross margin improved to 45%, up from 40% in the previous quarter, due to cost optimization strategies[36]