Financial Performance - Operating revenue increased by 25.80% to CNY 17,076,796.92 year-on-year[9] - Net profit attributable to shareholders improved by 43.88%, reaching a loss of CNY 9,024,474.03[9] - Cash flow from operating activities decreased by 61.25%, amounting to a negative CNY 56,626,975.32[12] - Total operating revenue for Q1 2024 reached ¥17,076,796.92, an increase from ¥13,574,744.22 in Q1 2023, representing a growth of approximately 25.5%[36] - Net profit for Q1 2024 was a loss of ¥9,150,287.46, compared to a loss of ¥16,191,546.98 in Q1 2023, showing an improvement of approximately 43.1%[38] - Operating revenue for Q1 2024 reached ¥15,679,925.91, an increase of 20.4% compared to ¥13,017,981.60 in Q1 2023[41] - Net profit for Q1 2024 was a loss of ¥3,419,906.45, an improvement from a loss of ¥13,139,720.56 in Q1 2023, representing a reduction of 74.0%[41] - The total comprehensive income for Q1 2024 was a loss of ¥3,419,906.45, compared to a loss of ¥13,139,720.56 in Q1 2023, indicating a 74.0% improvement[42] Assets and Liabilities - Total assets decreased by 5.76% to CNY 448,268,385.14 compared to the end of last year[9] - The company’s total liabilities to assets ratio decreased to 17.72% from 20.56% year-on-year[9] - Total current assets decreased to CNY 372.69 million as of March 31, 2024, down from CNY 406.49 million as of December 31, 2023, representing a decline of approximately 8.3%[30] - Total liabilities decreased to CNY 79.41 million from CNY 97.80 million, a reduction of approximately 18.8%[32] - The company's equity totaled ¥375,840,060.36, down from ¥379,097,579.54, reflecting a decrease of about 0.7%[35] - Total liabilities increased to ¥108,631,476.79 from ¥107,119,573.31, reflecting a rise of about 1.4%[35] Shareholder Information - The total number of unrestricted shares increased from 14,933,976 (24.03%) to 17,133,976 (27.57%) during the reporting period[15] - The total number of restricted shares decreased from 47,216,024 (75.97%) to 45,016,024 (72.43%) during the reporting period[16] - The total share capital remains at 62,150,000 shares, with 3,286 shareholders[16] - The top ten shareholders collectively hold 44,561,340 shares, representing 71.70% of the total shares[19] - The largest shareholder, Beijing Zhongbang Rongxin Information Technology Center, holds 8,949,000 shares, accounting for 14.40%[19] - The company has no pledged or judicially frozen shares among the top shareholders[20] Expenses - Management expenses increased by 43.92% to CNY 11,438,125.40, primarily due to increased severance benefits[11] - Financial expenses rose by 79.79%, mainly due to unrecognized financing cost amortization[11] - Research and development expenses for Q1 2024 were ¥7,288,230.00, compared to ¥7,814,094.88 in Q1 2023, showing a decrease of approximately 6.7%[36] - The company incurred sales expenses of ¥6,042,852.74 in Q1 2024, down 30.3% from ¥8,640,369.95 in Q1 2023[41] Cash Flow - Cash and cash equivalents decreased to CNY 64.56 million from CNY 100.18 million, a significant drop of approximately 35.6%[30] - Cash flow from operating activities showed a net outflow of ¥56,626,975.32 in Q1 2024, worsening from a net outflow of ¥35,116,592.15 in Q1 2023[43] - The net cash flow from operating activities was -$50.39 million, compared to -$35.54 million in the previous period[48] - The net cash flow from investing activities was $2.88 million, an improvement from -$1.14 million in the previous period[48] - Cash inflow from investing activities totaled $80.29 million, primarily from cash received from investment recoveries[48] - Cash outflow from investing activities was $77.41 million, including $76 million for investment payments[48] - The net cash flow from financing activities was $8.99 million, compared to -$2.14 million in the previous period[48] - Cash inflow from financing activities amounted to $10.82 million, mainly from loans received[48] - Cash outflow from financing activities was $1.83 million, primarily for other financing-related payments[48] - The ending cash and cash equivalents balance was $45.71 million, down from $50.43 million in the previous period[48] - The net decrease in cash and cash equivalents was -$38.52 million, slightly better than -$38.82 million in the previous period[48] - The beginning cash and cash equivalents balance was $84.23 million, compared to $89.25 million in the previous period[48] Other Information - The estimated amount for purchasing raw materials and services in 2024 is 14,300,000 yuan, with a balance of 771,509.43 yuan for Q1 2024[24] - The estimated revenue from sales of products and services in 2024 is projected at 12,000,000 yuan[24] - There are no significant legal disputes or external guarantees reported during the period[23] - The company has not undergone any changes in accounting policies or corrections of accounting errors during the reporting period[15] - Deferred tax assets increased to CNY 9.23 million from CNY 7.38 million, an increase of approximately 25.0%[31] - Other current assets decreased to CNY 11.42 million from CNY 17.38 million, a decline of about 34.2%[30] - Total non-current assets increased to CNY 75.58 million from CNY 69.15 million, marking an increase of about 9.1%[31] - The company reported other income of ¥9,080,674.43 in Q1 2024, a significant increase from ¥561,097.90 in Q1 2023[41]
华信永道(837592) - 2024 Q1 - 季度财报