Financial Performance - The company's revenue for Q1 2024 was ¥962,460,407.95, representing a 29.05% increase compared to ¥745,808,623.57 in the same period last year[5] - The net profit attributable to shareholders was -¥50,188,839.58, a decrease of 212.31% from ¥44,686,281.51 in the previous year[5] - The basic and diluted earnings per share were both -¥0.39, down 188.64% from ¥0.44 in the previous year[5] - The net profit for Q1 2024 was a loss of CNY 50,188,839.58, compared to a profit of CNY 44,686,281.51 in Q1 2023, marking a significant decline[22] - Total operating revenue for Q1 2024 reached CNY 962,460,407.95, an increase of 29.1% compared to CNY 745,808,623.57 in the same period last year[21] - Total operating costs increased to CNY 1,023,043,513.25, up 48.9% from CNY 686,377,076.22 year-over-year[21] - Research and development expenses increased to CNY 38,692,549.57, up 43% from CNY 27,044,613.69 in the same quarter last year[21] - The significant decline in net profit was attributed to a substantial decrease in processing fees and a corresponding drop in product gross margin[9] Cash Flow and Investments - The net cash flow from operating activities was -¥392,530,723.91, which is a 109.36% decline compared to -¥187,490,532.82 in the same period last year[5] - The company reported a negative cash flow from operating activities of CNY 392,530,723.91, worsening from a negative cash flow of CNY 187,490,532.82 in the previous year[24] - The net cash flow from investment activities was -307,990,040.63 CNY, compared to -704,826,205.51 CNY in the previous year, indicating an improvement of approximately 56.4%[26] - The company reported a total cash outflow from investment activities of 609,930,211.86 CNY, compared to 985,807,073.55 CNY in the prior year, showing a decrease of about 38.1%[26] - The cash inflow from investment activities was 301,940,171.23 CNY, up from 280,980,868.04 CNY year-over-year, representing an increase of approximately 7.2%[26] - The net cash flow from financing activities was 243,657,100.80 CNY, compared to 12,021,414.11 CNY in the same period last year, reflecting a growth of approximately 2021.5%[26] - Cash inflow from financing activities totaled 407,000,000.00 CNY, a significant increase from 17,079,136.33 CNY year-over-year[26] - The net increase in cash and cash equivalents for the period was -456,863,663.74 CNY, compared to -880,295,324.22 CNY in the previous year, indicating a reduction in cash outflow[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,574,533,152.42, an increase of 2.05% from ¥5,462,552,962.85 at the end of the previous year[5] - The total current liabilities increased to CNY 1,889,959,552.03 from CNY 1,619,600,421.27, representing an increase of about 16.7%[18] - The company’s total liabilities rose to CNY 2,002,947,895.93, compared to CNY 1,730,004,708.51 in the previous year, reflecting a growth of 15.7%[22] - The total current assets increased to CNY 4,165,528,818.06 from CNY 4,033,331,626.41, marking an increase of approximately 3.3%[18] - The company's accounts receivable rose to CNY 945,020,223.27 from CNY 746,932,588.86, indicating an increase of about 26.5%[17] - The inventory decreased slightly to CNY 522,101,390.22 from CNY 543,568,991.41, a decline of approximately 4%[17] - The equity attributable to shareholders decreased by 4.31% to ¥3,571,585,256.49 from ¥3,732,548,254.34 at the end of the previous year[5] Shareholder Information - The company had a total of 14,886 common shareholders at the end of the reporting period[11] - The largest shareholder, Wang Li, holds 42.29% of the shares, totaling 55,536,000 shares[11] - The company has a total of 63,336,000 restricted shares, with no new restrictions added during the period[14] Other Information - Non-recurring gains and losses amounted to ¥10,341,473.38, primarily from government subsidies and financial product income[6] - The company did not undergo an audit for the first quarter report[27] - The company has adopted new accounting standards starting from 2024, which may impact future financial reporting[27] - The company’s cash outflow for the repayment of debts was 50,000,000.00 CNY, compared to 5,000,000.00 CNY in the previous year, showing a significant increase[26]
中一科技(301150) - 2024 Q1 - 季度财报