Financial Performance - The company reported a revenue of CNY 145,998,736.93 for Q1 2024, representing a 6.67% increase compared to CNY 136,865,462.92 in the same period last year[5]. - Net profit attributable to shareholders decreased by 31.91% to CNY 30,672,071.40 from CNY 45,049,524.12 year-on-year[5]. - The net profit after deducting non-recurring gains and losses also fell by 32.12% to CNY 30,281,879.41 compared to CNY 44,613,402.24 in the previous year[5]. - Basic earnings per share dropped by 31.78% to CNY 0.2561 from CNY 0.3754 in the same period last year[5]. - Total operating revenue for Q1 2024 reached ¥145,998,736.93, an increase of 6.5% compared to ¥136,865,462.92 in Q1 2023[16]. - Net profit for Q1 2024 was ¥29,224,602.63, a decrease of 31.5% from ¥42,917,350.22 in Q1 2023[16]. - The net profit attributable to the parent company for Q1 2024 is ¥30,672,071.40, a decrease of 31.9% from ¥45,049,524.12 in Q1 2023[18]. - The total comprehensive income attributable to the parent company for Q1 2024 is ¥31,533,638.64, down 32.7% from ¥46,893,450.05 in Q1 2023[18]. - The basic earnings per share for Q1 2024 is ¥0.2561, compared to ¥0.3754 in Q1 2023, reflecting a decline of 31.7%[18]. Cash Flow and Investments - The net cash flow from operating activities decreased by 26.59% to CNY 32,062,882.66 from CNY 43,679,158.61 year-on-year[5]. - Cash inflow from operating activities for Q1 2024 is ¥159,651,275.10, an increase of 13.0% from ¥140,542,625.73 in Q1 2023[21]. - The net cash flow from operating activities for Q1 2024 is ¥32,062,882.66, down 26.5% from ¥43,679,158.61 in Q1 2023[21]. - The net cash flow from investing activities for Q1 2024 is -¥98,708,255.26, slightly improved from -¥103,630,241.42 in Q1 2023[21]. - The cash and cash equivalents at the end of Q1 2024 is ¥261,278,982.85, down 30.5% from ¥373,088,562.49 at the end of Q1 2023[22]. - The company received cash from sales of goods and services amounting to ¥159,253,650.42 in Q1 2024, an increase of 13.6% from ¥140,150,234.03 in Q1 2023[20]. - The company reported a cash inflow from financing activities of ¥7,963,431.51 in Q1 2024, compared to a cash outflow of -¥4,323,360.09 in Q1 2023[21]. Costs and Expenses - Total operating costs for Q1 2024 were ¥104,474,301.32, up 23% from ¥85,019,796.15 in the same period last year[16]. - Research and development expenses increased to ¥36,839,838.52, compared to ¥28,785,836.45 in the previous year, reflecting a growth of 28%[16]. - The company paid ¥60,714,503.79 in employee compensation during Q1 2024, which is an increase of 39.7% from ¥43,471,418.88 in Q1 2023[21]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,812,122,373.31, a slight decrease of 0.05% from CNY 2,813,497,944.62 at the end of the previous year[5]. - Cash and cash equivalents at the end of Q1 2024 were ¥1,863,948,516.91, down from ¥1,984,141,692.09 at the beginning of the quarter[13]. - Inventory increased to ¥154,485,417.75 from ¥136,718,199.30, indicating a growth of 12.9%[14]. - Short-term borrowings rose significantly to ¥30,500,000.00 from ¥6,008,825.75, marking an increase of over 408%[15]. - Total liabilities decreased to ¥191,174,308.35 from ¥225,224,851.67, a reduction of approximately 15.1%[15]. - The company's equity attributable to shareholders increased to ¥2,623,680,707.09 from ¥2,589,558,266.31, reflecting a growth of 1.3%[15]. - Shareholders' equity attributable to the parent company increased by 1.32% to CNY 2,623,680,707.09 from CNY 2,589,558,266.31 at the end of the previous year[5]. Market and Strategic Insights - The decline in net profit is attributed to slower revenue growth and increased investments in overseas market expansion and R&D, with benefits not yet realized[8]. - The company received government subsidies amounting to CNY 397,624.68 during the reporting period[7].
百普赛斯(301080) - 2024 Q1 - 季度财报