Financial Performance - Operating revenue for Q1 2024 reached CNY 120,656,773.92, a 30.71% increase year-on-year[10] - Net profit attributable to shareholders surged by 210.47% to CNY 2,464,084.47 compared to a loss of CNY 2,230,549.84 in the same period last year[10] - The company's operating profit for Q1 2024 was CNY 6,813,053.27, compared to a loss of CNY 2,891,692.37 in Q1 2023, indicating a turnaround in profitability[37] - Net profit for Q1 2024 was CNY 6,227,468.62, contrasting with a net loss of CNY 1,730,152.92 in Q1 2023, showcasing a substantial improvement in financial performance[37] - Total revenue for Q1 2024 reached CNY 120,656,773.92, a significant increase from CNY 92,305,375.87 in Q1 2023, representing a growth of approximately 30.8%[36] Cash Flow - The net cash flow from operating activities improved by 189.33% to CNY 12,800,528.85, compared to a negative cash flow of CNY 14,329,491.78 in Q1 2023[12] - The company reported cash inflows from investment activities of ¥10,178,018.58 million in Q1 2024, a decrease from ¥49,918,493.31 million in Q1 2023[43] - The net cash flow from financing activities was -¥872,597.52 million in Q1 2024, compared to -¥4,817,988.25 million in Q1 2023, indicating a reduction in financing losses[43] - Net cash flow from operating activities for Q1 2024 was $16,301,051.07, compared to a negative cash flow of -$5,229,998.71 in Q1 2023, indicating a strong turnaround[46] Assets and Liabilities - Total assets increased by 2.55% to CNY 978,257,548.79 compared to the end of last year[10] - The company's asset-liability ratio increased to 31.39% from 29.78% at the end of the previous year[10] - The total liabilities increased to ¥307,076,410.24 from ¥284,055,763.20, reflecting a rise of about 8.1%[32] - The total value of assets under restriction due to bank loans is CNY 162,255,326.18, which accounts for 16.58% of total assets[27] Shareholder Information - The total number of shares held by the top ten shareholders is 55,975,532, representing 67.27% of the total shares[18] - The largest shareholder, Gao Wengao, holds 23,022,000 shares, accounting for 27.67% of the total shares[17] - The company plans to repurchase shares at a price not exceeding CNY 12.80 per share, with a total repurchase fund of no less than CNY 10,000,000 and no more than CNY 20,000,000[24] Research and Development - Research and development expenses for Q1 2024 were CNY 4,618,555.66, slightly down from CNY 4,472,336.55 in Q1 2023, suggesting stable investment in innovation[36] - Research and development expenses increased to ¥648,439.09 million in Q1 2024 from ¥565,117.66 million in Q1 2023, showing a commitment to innovation[40] Other Financial Metrics - The weighted average return on equity based on net profit attributable to shareholders was 0.44%, up from -0.52% in the same period last year[10] - Basic and diluted earnings per share for Q1 2024 were both CNY 0.0296, a recovery from a loss of CNY 0.0319 in Q1 2023[38] - The company experienced a credit impairment loss of CNY -1,128,501.04 in Q1 2024, worsening from CNY -1,808,459.05 in Q1 2023, highlighting ongoing challenges in credit quality[37] Inventory and Receivables - The company reported a significant increase in accounts receivable financing, up 98.39% to CNY 32,864,205.75 due to an increase in notes receivable[11] - Inventory shares increased by 772.35% to CNY 7,058,490.48 as the company repurchased shares[11] - Accounts receivable slightly decreased to ¥38,507,032.89 from ¥39,093,526.06, a reduction of approximately 1.5%[30] Commitments and Legal Matters - The company has no new commitments as of the reporting period, and all previously disclosed commitments are being fulfilled normally[25] - The company has no litigation or arbitration matters during the reporting period[21] - The company has no shareholder or related party fund occupation or transfer issues[21] - The company has no new pledges or judicial freezes on shares held by shareholders[19]
美邦科技(832471) - 2024 Q1 - 季度财报