Financial Performance - The company's revenue for Q1 2024 was ¥85,078,447.51, a decrease of 4.44% compared to ¥89,031,680.38 in the same period last year[5] - Net profit attributable to shareholders decreased by 32.99% to ¥9,589,635.15 from ¥14,310,874.37 year-on-year[5] - Basic and diluted earnings per share both decreased by 25.00% to ¥0.06 from ¥0.08 in the same period last year[5] - Total operating revenue for Q1 2024 was ¥85,078,447.51, a decrease of 4.3% from ¥89,031,680.38 in Q1 2023[19] - Net profit for Q1 2024 was ¥9,580,575.14, down 32.5% compared to ¥14,299,692.30 in Q1 2023[20] - Total comprehensive income for Q1 2024 was CNY 9,580,575.14, a decrease from CNY 14,299,692.30 in Q1 2023, representing a decline of approximately 32.5%[21] - Basic and diluted earnings per share for Q1 2024 were both CNY 0.06, down from CNY 0.08 in Q1 2023, indicating a 25% decrease[21] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥8,233,842.08, a decline of 281.71% compared to ¥4,531,211.45 in the previous year[5] - Cash inflow from operating activities was CNY 120,956,533.64, compared to CNY 89,856,606.07 in the previous year, reflecting an increase of approximately 34.6%[23] - Net cash outflow from operating activities was CNY 8,233,842.08, contrasting with a net inflow of CNY 4,531,211.45 in Q1 2023[24] - Cash flow from investing activities showed a net outflow of CNY 26,865,106.12, an improvement from a net outflow of CNY 108,504,940.36 in the same period last year[24] - Cash flow from financing activities resulted in a net inflow of CNY 127,141,859.15, significantly higher than CNY 47,580,763.84 in Q1 2023, marking an increase of approximately 167.5%[24] - The ending balance of cash and cash equivalents was CNY 303,542,321.95, up from CNY 260,043,541.64 at the end of Q1 2023, indicating a growth of about 16.7%[24] Assets and Liabilities - Total assets increased by 7.02% to ¥1,385,294,625.01 from ¥1,294,376,778.11 at the end of the previous year[5] - Current liabilities rose to ¥415,322,423.65, up 24.5% from ¥333,730,103.30 in the previous year[17] - The company's total assets reached ¥1,385,294,625.01, an increase of 7.0% from ¥1,294,376,778.11 year-over-year[17] - The total equity attributable to shareholders increased to ¥963,528,946.31, up from ¥953,939,311.16 in the previous year[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,398[10] - The company has a total of 91,158,600 shares under lock-up, with no shares released during the reporting period[13] - The largest shareholder, Cixi Tiancai Holdings, holds 48,672,000 shares, representing a significant portion of the company's equity[13] - There were no changes in the number of preferred shareholders or their holdings during this period[12] - The company is expected to lift the lock-up on shares in December 2024, which may impact future stock liquidity[13] Operational Insights - The company reported a significant increase of 242.99% in receivables financing, amounting to ¥18,246,672.40, attributed to an increase in bank acceptance bills received[8] - Short-term borrowings rose by 44.46% to ¥260,250,708.33, primarily due to increased bank loans[8] - The company received government subsidies amounting to ¥544,942.27, which positively impacted its financial performance[6] - The company has not reported any mergers or acquisitions in the current quarter[14] - Future guidance remains cautious, with no specific revenue or growth targets disclosed for the upcoming quarters[14] - The company has no new products or technologies reported in this quarter, focusing instead on existing operations and market strategies[14] - Research and development expenses for Q1 2024 were ¥2,553,053.23, a slight decrease from ¥2,743,768.76 in Q1 2023[20] - The company reported a financial expense of ¥1,178,045.99, compared to a financial income of ¥518,779.06 in the previous year, indicating a shift in financial performance[20] Trading and Market Performance - The company's trading financial assets increased to ¥141,022,438.05 from ¥100,010,136.99, reflecting a growth of about 41.0%[15] - Accounts receivable decreased to ¥204,532,004.70 from ¥253,413,231.32, indicating a decline of approximately 19.3%[15] - Total operating costs increased to ¥79,279,768.52, up 5.8% from ¥75,473,952.50 in the previous year[19] - The company reported a total revenue from sales of goods and services of CNY 120,691,122.32, compared to CNY 88,944,295.71 in the previous year, representing an increase of approximately 35.7%[23] - The company incurred cash payments for goods and services of CNY 98,049,730.51, which is an increase from CNY 54,066,405.46 in Q1 2023, reflecting an increase of about 81.5%[24] Audit and Verification - The report was not audited, indicating that the figures presented are subject to further verification[26]
喜悦智行(301198) - 2024 Q1 - 季度财报