Financial Performance - The company's revenue for Q1 2024 reached ¥84,378,366.79, representing a 32.89% increase compared to ¥63,494,550.01 in the same period last year[5] - Net profit attributable to shareholders was ¥5,825,765.26, a significant turnaround from a loss of ¥9,049,536.47 in Q1 2023, marking a 164.38% improvement[5] - The net profit after deducting non-recurring gains and losses was ¥5,652,202.38, compared to a loss of ¥15,709,213.28 in the previous year, reflecting a 135.98% increase[5] - Total operating revenue for Q1 2024 reached ¥84,378,366.79, an increase of 32.8% compared to ¥63,494,550.01 in the same period last year[22] - The company reported a net loss of ¥43,344,628.05, an improvement from a loss of ¥49,170,393.31 in the previous quarter[20] - Basic and diluted earnings per share for Q1 2024 were both CNY 0.09, recovering from a loss of CNY 0.14 per share in the same quarter last year[24] - The total comprehensive income for the quarter was CNY 5,825,542.41, a significant improvement from a loss of CNY 9,188,108.93 in Q1 2023[24] Assets and Liabilities - The company's total assets increased by 2.14% to ¥898,365,306.90 from ¥879,541,603.46 at the end of the previous year[5] - Total assets as of March 31, 2024, amounted to ¥898,365,306.90, up from ¥879,541,603.46 at the beginning of the year, reflecting a growth of 2.9%[20] - Total liabilities increased to ¥152,989,423.89 from ¥140,094,069.52, marking an increase of 9.3%[20] - The company's equity attributable to shareholders increased to ¥745,237,719.18 from ¥739,309,370.11, a growth of 0.9%[20] Cash Flow and Investments - Cash flow from operating activities showed a negative net flow of ¥17,669,272.13, a decline of 390.26% compared to a positive cash flow of ¥6,087,395.75 in Q1 2023[5] - Cash flow from operating activities showed a net outflow of CNY 17,669,272.13, contrasting with a net inflow of CNY 6,087,395.75 in the previous year[26] - Investment income surged by 254.16% to ¥2,654,305.59, up from ¥749,459.19 in the same quarter last year, primarily due to the redemption of financial products[10] - Investment activities resulted in a net cash outflow of CNY 128,210,450.20, compared to a net outflow of CNY 30,278,733.90 in Q1 2023, indicating increased investment activity[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 8,493[12] - The largest shareholder, Shanshui Bide Group Co., Ltd., holds 40.35% of the shares, totaling 26,080,000 shares[12] - The second-largest shareholder, Sun Hu, holds 21.04% of the shares, totaling 13,600,000 shares[12] - The company has a total of 47,880,000 restricted shares, with 75,000 shares released during the period[14] - The company has no changes in the number of preferred shareholders or their holdings[13] - The company has no changes in the number of restricted shares or their status during the reporting period[14] - The company’s major shareholders have committed to lock-up periods, with some extending to 36 months[14] Operational Highlights - The company obtained a Class B qualification certificate for urban planning, enhancing its business capabilities in this area[17] - The company’s business development is positively impacted by the new qualification obtained for urban planning[17] - Research and development expenses increased to ¥9,792,229.73, up 25.6% from ¥7,799,322.46 in the previous year[22] Other Financial Metrics - The weighted average return on equity improved to 0.78% from -1.07% year-on-year[5] - Gross profit margin improved to approximately 13.0% in Q1 2024, compared to 0.0% in Q1 2023[22] - Total operating costs decreased to ¥73,397,425.28 from ¥81,402,093.92, representing a reduction of 9.8% year-over-year[22] - The company did not report any investment income from joint ventures or associates during the quarter, consistent with the previous year[23] - The report indicates that the financial statements for Q1 2024 have not been audited[28] Borrowings and Cash Management - The company reported a significant increase in short-term borrowings, which rose by 1477.22% to ¥31,966,785.40 from ¥2,026,785.40 at the end of the previous year[11] - Short-term borrowings rose significantly to ¥31,966,785.40 from ¥2,026,785.40, indicating a substantial increase in leverage[19] - Cash and cash equivalents decreased by 34.27% to ¥236,272,318.48, primarily due to the purchase of financial products[11] - Cash and cash equivalents decreased to ¥236,272,318.48 from ¥359,451,170.70, a decline of 34.3%[19] - The company reported cash and cash equivalents at the end of the period amounting to CNY 234,050,872.32, down from CNY 352,385,893.37 at the beginning of the quarter[27]
山水比德(300844) - 2024 Q1 - 季度财报