USC(SH:688403)2024-04-22 07:42Financial Performance - The company's operating revenue for Q1 2024 reached ¥315,302,067.12, representing a year-on-year increase of 30.63%[2] - The net profit attributable to shareholders was ¥26,327,629.49, showing a slight increase of 0.10% compared to the same period last year[2] - The net profit excluding non-recurring gains and losses was ¥22,307,774.13, which is a significant increase of 30.02% year-on-year[2] - Operating profit for Q1 2024 was ¥26,668,562.32, slightly up from ¥26,424,157.84 in Q1 2023, indicating a stable performance[24] - Net profit attributable to shareholders for Q1 2024 was ¥26,327,629.49, compared to ¥26,301,595.47 in Q1 2023, reflecting a marginal increase[25] - The company’s total comprehensive income for Q1 2024 was ¥26,327,629.49, slightly lower than ¥27,363,962.12 in Q1 2023, reflecting changes in other comprehensive income[25] Cash Flow - The net cash flow from operating activities was ¥115,101,149.97, reflecting a substantial increase of 140.78% compared to the previous year[2] - Cash flow from operating activities for Q1 2024 was ¥115,101,149.97, significantly higher than ¥47,803,567.22 in Q1 2023, showing improved cash generation[29] - The company generated ¥374,533,683.74 in cash inflows from operating activities in Q1 2024, compared to ¥216,858,958.30 in Q1 2023, indicating strong operational performance[29] - The company experienced a net decrease in cash and cash equivalents of -$39.95 million, compared to -$51.52 million in the previous period[30] - The cash inflow from financing activities included $121.69 million from borrowings[30] - The company reported a cash outflow of $90.07 million from financing activities, which included $1.86 million in dividend payments[30] Assets and Liabilities - Total assets at the end of Q1 2024 amounted to ¥3,668,457,922.99, an increase of 2.01% from the end of the previous year[3] - The company's total assets as of March 31, 2024, amounted to ¥3,668,457,922.99, an increase from ¥3,596,296,963.42 as of December 31, 2023[18] - The company's current liabilities increased to ¥468,324,827.40 as of March 31, 2024, compared to ¥364,885,879.40 at the end of 2023[19] - The company's non-current liabilities increased to ¥117,979,501.79 as of March 31, 2024, compared to ¥99,380,405.61 at the end of 2023[19] Shareholder Information - The company reported a total of 18,371 common shareholders at the end of the reporting period[9] - The top shareholder, Yangzhou Xinrui Lian Investment Partnership, holds 20.85% of the shares, totaling 174,103,622 shares[9] - As of March 31, 2024, the company has repurchased a total of 10,447,004 shares, accounting for approximately 1.25% of the total share capital, with a total expenditure of ¥87,652,064.90[16] - The company plans to repurchase shares at a price not exceeding ¥16.33 per share, with a total repurchase amount between ¥50 million and ¥100 million[15] Research and Development - The company's R&D investment totaled ¥19,075,163.79, which is 10.49% higher than the previous year, accounting for 6.05% of operating revenue[2] - Research and development expenses for Q1 2024 amounted to ¥19,075,163.79, up from ¥17,264,061.33 in Q1 2023, indicating a focus on innovation[24] Cost Management - The company reported a decrease in total operating costs to ¥292,868,546.56 in Q1 2024 from ¥221,537,891.27 in Q1 2023, reflecting improved cost management[24] Accounting Standards - The company is implementing new accounting standards starting in 2024, which may affect financial reporting[30]