Miracll(SZ:300848)2024-04-22 12:03Financial Performance - The company's revenue for Q1 2024 was ¥385,857,053.76, representing a 21.47% increase compared to ¥317,659,602.60 in the same period last year[4] - Net profit attributable to shareholders decreased by 47.91% to ¥12,327,995.85 from ¥23,665,397.95 year-on-year[4] - Basic and diluted earnings per share fell by 42.86% to ¥0.04 from ¥0.07 in the same period last year[4] - Net profit for Q1 2024 was CNY 12,309,042.44, a decrease of 48.0% from CNY 23,680,561.50 in Q1 2023[19] - The average selling price of products decreased by 9.16%, resulting in a net profit of CNY 12.328 million, a year-on-year decline of 47.91%[12] Cash Flow - The net cash flow from operating activities was negative at -¥162,234,661.82, a decline of 444.92% compared to a positive cash flow of ¥47,035,456.69 in the previous year[4] - Cash generated from operating activities was CNY 213,380,861.61, an increase of 22.7% compared to CNY 173,876,839.96 in the same quarter last year[22] - Cash inflow from investment activities totaled 144,684,938.12 CNY, while cash outflow was 285,367,652.09 CNY, resulting in a net cash flow of -285,367,652.09 CNY[23] - The net cash flow from financing activities was 192,798,127.15 CNY, an increase from 75,540,829.54 CNY in the previous year[23] - The total cash inflow from operating activities was 279,006,123.78 CNY, while total cash outflow was 441,240,785.60 CNY[23] Assets and Liabilities - Total assets increased by 5.37% to ¥3,535,135,676.65 from ¥3,354,945,725.95 at the end of the previous year[4] - Total liabilities increased to CNY 2,022,046,150.97, up from CNY 1,854,149,012.97 in the previous year[19] - Non-current liabilities rose to CNY 974,966,569.11, compared to CNY 754,158,449.44 in Q1 2023, reflecting a growth of 29.2%[19] - The company's total equity increased to CNY 1,513,089,525.68, up from CNY 1,500,796,712.98 year-over-year[19] Operating Costs and Expenses - The company's operating costs increased by 31.25% to ¥341,258,563.97, attributed to higher sales volume[7] - Total operating costs for Q1 2024 were CNY 369,403,870.55, up 28.6% from CNY 287,302,481.24 in the same period last year[18] - Research and development expenses increased to CNY 19,344,764.13, up 25.5% from CNY 15,403,695.62 in the previous year[19] - The company reported a financial expense of CNY -5,317,838.93, a significant increase from CNY -384,506.84 in the previous year[19] Shareholder Information - The number of common shareholders at the end of the reporting period was 7,448[9] - The largest shareholder, Wang Renhong, holds 42.42% of the shares, with 101.36 million shares pledged[9] Inventory and Receivables - Accounts receivable rose significantly by 101.39% to ¥199,429,502.83, primarily due to the collection of receivables from the previous period[7] - Accounts receivable increased from CNY 99 million to CNY 199 million, indicating a significant rise in credit sales[14] - Inventory increased from CNY 315 million to CNY 343 million, reflecting higher stock levels[15] Cash and Cash Equivalents - Cash and cash equivalents decreased from CNY 920 million to CNY 666 million during the reporting period[14] - The ending balance of cash and cash equivalents was 643,448,089.99 CNY, compared to 609,368,318.09 CNY at the end of the previous year[24] - The cash and cash equivalents decreased by 254,490,737.26 CNY during the quarter[24] Government Subsidies - The company received government subsidies amounting to ¥3,903,530.45, which positively impacted its financial performance[6] Audit Information - The company did not undergo an audit for the first quarter report[24]