Financial Performance - The company's operating revenue for Q1 2024 was ¥371,571,098.45, a decrease of 13.05% compared to ¥427,332,866.38 in the same period last year[4] - Net profit attributable to shareholders for Q1 2024 was ¥22,694,763.01, an increase of 8.27% from ¥20,960,888.75 in the previous year[4] - Total operating revenue for Q1 2024 was CNY 371,571,098.45, a decrease of 13.1% compared to CNY 427,332,866.38 in Q1 2023[22] - Total operating costs for Q1 2024 were CNY 346,756,001.10, down 13.9% from CNY 403,499,180.11 in the same period last year[22] - Net profit for Q1 2024 reached CNY 22,694,763.01, representing an increase of 8.3% from CNY 20,960,888.75 in Q1 2023[23] - Basic and diluted earnings per share remained stable at CNY 0.26 for both Q1 2024 and Q1 2023[24] - The total comprehensive income for Q1 2024 was CNY 21,524,597.64, slightly up from CNY 21,387,751.07 in Q1 2023[24] Cash Flow and Liquidity - The net cash flow from operating activities was -¥108,273,345.17, representing a decline of 40.01% compared to -¥77,331,418.40 in Q1 2023[12] - Cash and cash equivalents decreased by 32.93% to ¥296,724,905.55 due to repayment of bank loans and payments to suppliers[9] - Cash and cash equivalents decreased from RMB 442,402,244.90 to RMB 296,724,905.55 during the reporting period[19] - The cash inflow from operating activities amounted to $443,610,204.07, an increase of 18.4% compared to $374,752,514.25 in the previous period[25] - The net cash outflow from operating activities was $108,273,345.17, worsening from a net outflow of $77,331,418.40 in the prior period[25] - The cash inflow from financing activities was $127,577,496.00, a significant decrease of 61.1% from $328,472,149.59 in the previous period[26] - The cash and cash equivalents at the end of the period stood at $265,265,145.55, down from $579,561,472.72, indicating a decrease of 54.2%[26] - The company reported a cash outflow of $5,565,107.22 for investing activities, compared to $133,544.89 in the previous period, marking a significant increase[26] - The total cash outflow for other operating activities was $36,983,615.04, a substantial increase from $5,545,916.15 in the prior period[25] - The impact of exchange rate changes on cash and cash equivalents was a positive $32,723.93, contrasting with a negative impact of $959,363.45 in the previous period[26] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥2,015,471,491.70, down 4.44% from ¥2,109,148,258.67 at the end of the previous year[4] - Total assets as of the end of Q1 2024 amounted to CNY 2,015,471,491.70, a decrease from CNY 2,109,148,258.67 at the end of Q1 2023[21] - Total liabilities decreased to CNY 891,938,921.06 in Q1 2024, down from CNY 1,004,018,060.28 in Q1 2023, reflecting a reduction of 11.1%[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 21,187[14] - The largest shareholder, Xu Jiang, holds 37.56% of shares, totaling 32,596,478 shares[14] - The company has a total of 5,067,914 unrestricted shares held by Tianjin Hengmao Yisheng Enterprise Management Consulting Center[14] - The company’s management has a lock-up period for their shares, with a maximum transfer limit of 25% of their total holdings per year[16] - The company’s total number of preferred shareholders is not applicable for this reporting period[15] Financial Strategy - The company plans to repurchase shares at a price not exceeding RMB 65 per share, with a total repurchase amount between RMB 30 million and RMB 50 million[17] - As of the report date, the company has repurchased 644,400 shares, accounting for 0.74% of the total share capital[17] - The company’s financial report indicates a significant focus on share repurchase and management equity incentives[17] Expenses - Research and development expenses for Q1 2024 were CNY 5,352,014.75, a decrease of 24.6% compared to CNY 7,102,803.75 in Q1 2023[23] - Financial expenses increased by 582.32% to ¥3,455,719.77 due to an increase in bank loans compared to the same period last year[11] - The company experienced a 4067.22% increase in net cash outflow from investing activities, totaling -¥5,565,107.22, due to fixed asset acquisitions and long-term project payments[12] - Contract liabilities rose by 169.40% to ¥19,897,989.33, reflecting an increase in customer prepayments[10] - Other comprehensive income after tax for Q1 2024 was CNY -1,170,165.37, compared to CNY 426,862.32 in Q1 2023[24]
亚康股份(301085) - 2024 Q1 - 季度财报