Financial Performance - The company's revenue for Q1 2024 reached ¥1,280,469,171.09, representing a 46.06% increase compared to ¥876,697,159.06 in the same period last year[6] - Net profit attributable to shareholders was ¥19,436,945.89, up 27.14% from ¥15,287,632.67 year-on-year[6] - Net profit for Q1 2024 was ¥22,059,938.81, representing a 16% increase from ¥18,898,654.75 in Q1 2023[31] - Total operating revenue for Q1 2024 reached ¥1,280,469,171.09, a significant increase of 46% compared to ¥876,697,159.06 in the same period last year[29] - Total operating costs for Q1 2024 were ¥1,248,476,553.31, which is a 48% increase from ¥843,561,238.37 in Q1 2023[29] - The company reported a basic earnings per share of ¥0.09, compared to ¥0.07 in the same quarter last year, indicating a 28.6% increase[32] Cash Flow and Liquidity - The net cash flow from operating activities was -¥175,488,409.39, a decline of 87.40% compared to -¥93,644,192.00 in the previous year[6] - Cash flow from operating activities showed a net outflow of ¥175,488,409.39, worsening from a net outflow of ¥93,644,192.00 in Q1 2023[34] - The company's cash and cash equivalents decreased to RMB 392,530,769.23 from RMB 649,399,091.38, reflecting a decline of about 39.5%[24] - The ending balance of cash and cash equivalents was 354,815,404.93 CNY, down from 437,643,887.18 CNY year-over-year, indicating a decrease in liquidity[37] - The initial cash and cash equivalents balance was 617,317,750.46 CNY, compared to 520,743,935.35 CNY in the previous year, indicating a stronger starting liquidity position[37] Assets and Liabilities - Total assets increased by 14.59% to ¥6,047,540,005.59 from ¥5,277,655,319.75 at the end of the previous year[6] - The company's total liabilities increased to ¥4,214,968,157.10, up from ¥3,496,005,825.13, marking a growth of approximately 20.5% year-over-year[28] - The total current liabilities increased, with accounts payable rising to RMB 531,504,320.55 from RMB 402,725,045.60, an increase of about 32%[26] - Short-term borrowings rose by 9.87% to ¥1,671,646,157.03, driven by loans related to recent acquisitions[11] - The company's long-term borrowings increased to ¥1,133,800,123.89, up from ¥833,747,035.01, representing a growth of approximately 36%[28] Investments and Research - Research and development expenses surged by 186.31% to ¥2,061,921.04, primarily due to follow-up investments in newly acquired units[12] - Research and development expenses rose to ¥2,061,921.04, which is a 186% increase compared to ¥720,168.56 in the previous year[29] - The company experienced a 120.39% increase in net cash flow from investing activities, amounting to -¥425,988,313.13, attributed to investments in equity of other companies[14] - Cash paid for investment activities totaled 426,013,308.13 CNY, significantly higher than 209,292,390.70 CNY in the prior year, indicating aggressive investment strategies[36] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,430[16] - The company plans to issue 1.26 million shares of restricted stock and 2.94 million stock options to 33 incentive targets as part of its employee incentive program[21] - The company has approved a proposal for a specific stock issuance plan for 2024, which is expected to enhance its capital structure and support future growth initiatives[22] - The company has not reported any changes in the number of restricted shares for major shareholders during the period[19] Goodwill and Inventory - The goodwill on the balance sheet increased significantly to RMB 1,052,835,774.91 from RMB 717,930,711.43, reflecting a rise of approximately 46.6%[26] - The company reported a significant increase in inventory by 33.51% to ¥839,927,786.20 due to newly acquired enterprises[11] - Inventory rose to RMB 839,927,786.20 from RMB 629,106,306.73, indicating a growth of around 33.4%[26] - Accounts receivable increased to RMB 1,711,137,728.19 from RMB 1,565,646,271.02, marking an increase of approximately 9.3%[25] Financing Activities - Total cash inflow from financing activities was 741,000,000.00 CNY, up from 449,951,126.73 CNY year-over-year, reflecting a strong financing position[36] - The net cash flow from financing activities was 338,974,376.99 CNY, compared to 203,836,534.53 CNY in the same period last year, showing improved cash generation from financing[36] - The company received 720,000,000.00 CNY in borrowings during the quarter, compared to 398,000,000.00 CNY in the previous year, highlighting increased leverage[36] - Cash received from sales of goods and services was ¥1,188,214,685.67, an increase of 45% from ¥816,248,755.94 in the previous year[34] Audit and Reliability - The first quarter report was not audited, which may affect the reliability of the financial data presented[38]
达嘉维康(301126) - 2024 Q1 - 季度财报