Financial Performance - Operating revenue for Q1 2024 was CNY 26,651,057.33, representing a decrease of 22.67% from CNY 34,466,145.53 in Q1 2023[12] - Net profit attributable to shareholders for Q1 2024 was CNY 3,156,986.06, down 6.22% from CNY 3,366,487.85 in the same period last year[12] - Total operating revenue for Q1 2024 was CNY 26,651,057.33, a decrease from CNY 34,466,145.53 in Q1 2023, representing a decline of approximately 22.5%[37] - The net profit for Q1 2024 was ¥3,129,324.01, compared to ¥3,357,084.81 in Q1 2023, indicating a decrease of about 7%[42] - The total profit for Q1 2024 amounted to ¥3,681,557.71, down from ¥3,960,150.44 in Q1 2023, reflecting a decline of approximately 7%[41] - The company's operating profit for Q1 2024 was ¥3,668,729.95, compared to ¥3,934,885.46 in Q1 2023, showing a decrease of around 7%[41] Cash Flow - The net cash flow from operating activities decreased by 73.45% to CNY 1,634,621.04 compared to CNY 6,155,783.56 in Q1 2023[12] - The cash inflow from operating activities in Q1 2024 was ¥25,164,886.74, slightly down from ¥25,392,093.01 in Q1 2023[43] - The net cash flow from operating activities decreased to -509,593.59 from 6,340,010.56, representing a decline of approximately 108% year-over-year[46] - Cash inflow from sales of goods and services was 21,508,126.19, compared to 19,865,819.06, showing an increase of approximately 8%[45] - Cash outflow from operating activities totaled 22,173,848.06, an increase from 14,051,655.09, which is an increase of about 58%[46] Assets and Liabilities - Total assets as of March 31, 2024, reached CNY 364,902,750.99, an increase of 1.70% compared to CNY 358,818,410.51 at the end of 2023[12] - The company's total liabilities to assets ratio (consolidated) was 15.31% as of March 31, 2024, compared to 14.75% at the end of 2023[12] - The company's total liabilities increased to ¥49,230,401.48 from ¥46,228,795.26, representing an increase of approximately 6.5%[32] - Total liabilities increased to CNY 55,521,976.19 as of March 31, 2024, from CNY 52,566,915.07 as of December 31, 2023, marking an increase of about 5.5%[36] - Shareholders' equity totaled CNY 308,395,859.88 as of March 31, 2024, up from CNY 305,279,095.51 at the end of 2023, representing a growth of approximately 0.7%[36] Shareholder Information - The total number of ordinary shares at the end of the reporting period is 105,100,000, with 70.12% held by the top ten shareholders[21] - The largest shareholder, Chen Hongkai, holds 53.09% of the shares, totaling 55,794,500 shares[21] - The number of ordinary shareholders is reported to be 6,847[31] Other Financial Metrics - The increase in trading financial assets was 34.47%, reaching CNY 56,550,576.97, primarily due to investments in bank wealth management products[13] - Prepayments increased by 161.21% to CNY 4,242,994.21, mainly due to higher advance payments for materials[13] - Contract liabilities surged by 187.70% to CNY 2,021,959.10, reflecting an increase in customer prepayments[14] - Other income rose by 62.97% to CNY 202,492.69, attributed to the redemption of bank wealth management products[15] - Non-recurring gains and losses for the period totaled CNY 827,561.08, with a net amount after tax of CNY 703,426.92[17] Cash and Cash Equivalents - The company's cash and cash equivalents increased to ¥30,584,012.27 from ¥27,879,370.86, reflecting a growth of approximately 9.7%[31] - Cash and cash equivalents increased to CNY 29,954,798.38 as of March 31, 2024, from CNY 27,394,371.60 as of December 31, 2023, indicating a rise of about 9.3%[34] - Total cash and cash equivalents at the end of the period were 25,630,697.19, compared to 31,409,682.89, reflecting a decrease of approximately 18%[46] - The beginning cash and cash equivalents balance was 22,008,572.19, down from 71,298,740.40, indicating a significant reduction of approximately 69%[46] Legal and Compliance - The company has no significant litigation or arbitration matters reported during the period[25] - There are no pledges or judicial freezes on shares held by shareholders[23] - The company has disclosed that all commitments made in previous periods have been fulfilled without any violations[26] - The company reported a total of ¥4,324,101.19 in cash that is pledged as collateral, which constitutes 1.19% of total assets[28]
同心传动(833454) - 2024 Q1 - 季度财报