Financial Performance - The company's revenue for Q1 2024 was ¥37,139,856.54, representing a 92.99% increase compared to ¥19,244,561.65 in the same period last year[5]. - The net loss attributable to shareholders decreased by 26.39% to ¥39,741,670.62 from ¥53,990,806.12 year-on-year[5]. - Basic and diluted earnings per share improved by 50.98%, reaching -¥0.25 compared to -¥0.51 in the same period last year[5]. - The net profit for Q1 2024 was a loss of CNY 39,741,670.62, compared to a loss of CNY 53,990,806.12 in Q1 2023, showing an improvement of about 26.4%[24]. - The total comprehensive income for Q1 2024 was a loss of CNY 39,741,670.62, compared to a loss of CNY 53,990,806.12 in Q1 2023, reflecting a 26.4% improvement[24]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥153,266,815.56, a decline of 38.99% compared to the previous year's negative cash flow of ¥110,269,099.05[5]. - Cash and cash equivalents at the end of Q1 2024 were ¥276,792,907.08, down from ¥1,121,335,867.64 at the beginning of the period, indicating a decrease of 75.3%[18]. - Cash flow from operating activities showed a net outflow of CNY 153,266,815.56, worsening from a net outflow of CNY 110,269,099.05 in the previous year[27]. - Cash and cash equivalents at the end of Q1 2024 were CNY 279,727,376.25, down from CNY 914,800,866.27 at the end of Q1 2023, a decrease of about 69.5%[28]. Assets and Liabilities - Total assets decreased by 3.28% to ¥2,283,750,260.30 from ¥2,361,118,082.54 at the end of the previous year[5]. - Total liabilities decreased to ¥180,216,457.43 in Q1 2024 from ¥217,842,609.05 in the previous period, reflecting a reduction of 17.3%[20]. - The company's total equity as of March 31, 2024, was ¥2,103,533,802.87, down from ¥2,143,275,473.49, representing a decline of 1.8%[20]. - Accounts receivable decreased to ¥578,831,907.34 from ¥596,633,786.87, a reduction of 3.0%[19]. - Inventory increased to ¥319,105,009.07 from ¥264,001,818.53, marking a rise of 20.9%[19]. Operating Performance - Operating costs rose to ¥21,768,472.24, reflecting a 117.86% increase due to a higher proportion of hardware product sales[11]. - Total operating costs for Q1 2024 were CNY 92,698,005.13, an increase from CNY 88,217,518.40 in Q1 2023, representing a growth of approximately 5.6%[23]. - The company's total revenue from sales of goods and services was CNY 61,762,676.95 in Q1 2024, compared to CNY 87,714,474.01 in Q1 2023, indicating a decrease of about 29.6%[27]. Investments and Other Income - The net cash flow from investing activities was -¥683,596,464.77, representing a 54.54% increase from -¥442,330,468.82 year-on-year, primarily due to the purchase of financial products[11]. - The company reported a decrease in other income by 67.57%, down to ¥704,251.91 from ¥2,171,875.54 in the previous year[11]. - Investment income fell by 58.88% to ¥1,416,283.40 from ¥3,444,285.30, attributed to reduced returns from financial management and equity investments[11]. - The company recorded investment income of CNY 1,416,283.40 in Q1 2024, down from CNY 3,444,285.30 in Q1 2023, a decline of approximately 58.9%[23]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,018[13]. - Major shareholders include Li Jie with 14.70% and Han Chao with 14.22% of the shares[14]. - The company reported a total of 71,625,000 shares under lock-up agreements, with no changes during the reporting period[16]. Future Outlook - The company plans to continue its focus on market expansion and new product development in the upcoming quarters[19].
华如科技(301302) - 2024 Q1 - 季度财报