Revenue and Profit - The company's revenue for Q1 2024 was ¥100,101,295.48, representing a 22.51% increase compared to ¥81,711,297.43 in the same period last year[5] - Net profit attributable to shareholders decreased by 17.38% to ¥6,822,665.66 from ¥8,257,710.30 year-on-year[5] - Total operating revenue for Q1 2024 reached ¥100,101,295.48, an increase of 22.4% compared to ¥81,711,297.43 in Q1 2023[18] - Net profit for Q1 2024 was ¥6,822,665.66, a decrease of 17.4% from ¥8,257,710.30 in Q1 2023[19] Earnings Per Share - Basic earnings per share decreased by 16.55% to ¥0.1074, while diluted earnings per share fell by 17.25% to ¥0.1065[5] - Basic earnings per share for Q1 2024 were ¥0.1074, down from ¥0.1287 in Q1 2023[20] Cash Flow - The net cash flow from operating activities improved significantly, reaching ¥3,766,144.24, a 140.77% increase from a negative cash flow of ¥9,238,605.08 in Q1 2023[5] - The total cash outflow from operating activities was ¥43,169,581.22, compared to ¥31,963,355.18 in the previous period, indicating increased operational expenses[21] - The net cash flow from investment activities is ¥56,061,783.51, up from ¥35,129,887.99 in the previous period, reflecting strong investment performance[23] - The net cash flow from financing activities decreased to -¥36,804,200.79 from -¥152,777.76 in the previous period, showing improved cash management[23] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥951,173,844.10, down 6.33% from ¥1,015,494,458.83 at the end of the previous year[5] - Total liabilities decreased to ¥135,119,521.21 from ¥172,602,286.92, a reduction of 21.7%[16] - The company's total equity attributable to shareholders decreased by 3.18% to ¥816,054,322.89 from ¥842,892,171.91 at the end of the previous year[5] Research and Development - The company reported a significant increase in R&D expenses, which rose by 52.80% to ¥3,805,094.65, primarily due to increased outsourcing costs[9] - Research and development expenses increased to ¥3,805,094.65, compared to ¥2,490,228.47 in the previous year, reflecting a growth of 52.9%[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 7,546[10] - The largest shareholder, Wang Chenghui, holds 47.23% of the shares, totaling 30,298,333 shares[10] - The company has a repurchase account holding 1,576,955 shares, accounting for 2.46% of the total share capital[10] - The number of restricted shares at the end of the period is 33,808,333, down from 34,978,333 due to the release of 4,680,000 shares[12] - The company has no preferred shareholders or related party transactions among the top shareholders[11][10] Government Subsidies and Other Income - The company received government subsidies amounting to ¥432,600.00, contributing to other income growth of 780.32%[9] Future Plans - The company plans to continue its market expansion and product development strategies in the upcoming quarters[10] Financial Performance - Total operating costs for Q1 2024 were ¥94,539,721.73, up 30% from ¥72,803,955.45 in the same period last year[18] - Investment income for Q1 2024 was ¥268,600.00, down from ¥305,116.59 in the previous year[19] - The company reported a financial expense of -¥1,949,703.82, an improvement compared to -¥2,134,088.16 in Q1 2023[18] Cash and Cash Equivalents - The company's cash and cash equivalents increased to ¥543,578,165.23 from ¥527,274,000.74 at the beginning of the period, representing a growth of approximately 3.4%[14] - The total cash and cash equivalents at the end of the period is ¥308,138,109.68, down from ¥563,699,080.23 at the end of the previous period[23] Accounts Receivable and Inventory - Accounts receivable decreased to ¥124,611,075.88 from ¥128,527,875.43, a decline of about 3.2%[14] - Inventory decreased to ¥29,528,590.23 from ¥34,947,360.80, a reduction of approximately 15.5%[14] - The total current assets decreased to ¥798,704,528.33 from ¥861,461,440.01, a decline of about 7.3%[14] Audit Status - The company has not yet audited the first quarter report for 2024, which may impact the reliability of the financial data presented[24]
远翔新材(301300) - 2024 Q1 - 季度财报