Financial Performance - The company's operating revenue for Q1 2024 was CNY 301,961,984.30, representing a year-on-year increase of 31.02%[4]. - The net profit attributable to shareholders decreased by 49.84% to CNY 28,269,903.38, primarily due to a decline in gross profit and reduced government subsidies[4][8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 47.71% to CNY 22,657,208.08[4][8]. - The basic earnings per share decreased by 62.86% to CNY 0.26, influenced by lower gross profit and an increase in share capital from public offerings[9]. - Total operating revenue for Q1 2024 reached ¥301,961,984.30, a 31.0% increase from ¥230,473,248.01 in Q1 2023[18]. - Net profit for Q1 2024 was ¥28,269,903.38, a decrease of 50.1% compared to ¥56,358,474.31 in Q1 2023[20]. - Earnings per share for Q1 2024 were ¥0.26, down from ¥0.70 in Q1 2023[21]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -127,518,036.47, attributed to increased cash payments for goods and services[4][8]. - Cash flow from operating activities in Q1 2024 was ¥188,099,996.22, an increase from ¥154,299,420.95 in Q1 2023[23]. - The net cash flow from operating activities for Q1 2024 was -$127.52 million, compared to -$73.06 million in Q1 2023, indicating a decline in operational cash generation[24]. - The company reported a total cash outflow from operating activities of $318.31 million, compared to $244.01 million in the previous year[24]. - The ending balance of cash and cash equivalents increased to $452.36 million, up from $151.15 million at the end of Q1 2023[25]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,742,024,494.83, a slight increase of 0.27% from the previous year[5]. - The company reported a total current asset of RMB 2,518,192,749.27 as of March 31, 2024, slightly down from RMB 2,522,593,464.88 on December 31, 2023[15]. - Total liabilities as of Q1 2024 amounted to ¥593,621,775.70, a decrease from ¥614,770,867.66 in the previous year[18]. - The company’s total liabilities decreased to RMB 1,000,000,000.00, down from RMB 1,200,000,000.00, indicating a reduction of 16.67%[16]. - The company reported a decrease in short-term borrowings to RMB 10,369,874.18 from RMB 21,112,953.13, a reduction of about 50.96%[16]. Shareholder Information - The company reported a total of 16,874 common shareholders at the end of the reporting period[11]. - The largest shareholder, Yixin Industrial Co., Ltd., holds 60.9% of the shares, totaling 65,873,600 shares[11]. Government Subsidies and R&D - The company received government subsidies amounting to CNY 2,000,392.04, which are closely related to its normal business operations[7]. - Research and development expenses for Q1 2024 were ¥10,910,083.96, slightly up from ¥10,721,339.12 in Q1 2023[20]. Strategic Focus - The company is focusing on expanding its market presence and developing new technologies to enhance its product offerings[12]. - The company plans to continue monitoring its financial health and adjust its strategies accordingly to ensure sustainable growth[12]. Other Financial Metrics - The weighted average return on equity decreased to 1.32%, down by 7.06 percentage points compared to the previous year[5]. - The company reported a foreign exchange loss of ¥6,270,677.95 in Q1 2024, compared to a gain of ¥665,648.63 in Q1 2023[20]. - Other comprehensive income after tax for Q1 2024 was ¥4,273.93, compared to a loss of ¥20,000.00 in Q1 2023[20]. - The company utilized RMB 168,000,000.00 of the raised funds for permanent working capital, accounting for 29.94% of the total raised funds[13]. - Cash inflow from financing activities amounted to $48.36 million, with a net cash flow of $31.84 million after accounting for cash outflows[25]. - The company did not apply new accounting standards for the current year, maintaining consistency in financial reporting[26].
麦加芯彩(603062) - 2024 Q1 - 季度财报