Financial Performance - Revenue for Q1 2024 was CNY 30,809,661.36, representing a 5.19% increase compared to CNY 29,290,555.92 in the same period last year[5] - Net loss attributable to shareholders improved to CNY -4,963,840.17, a 23.53% reduction from CNY -6,491,544.29 year-over-year[5] - Total operating revenue for Q1 2024 was CNY 30,809,661.36, an increase of 5.2% compared to CNY 29,290,555.92 in the same period last year[16] - Net profit for Q1 2024 was a loss of CNY 4,963,840.17, an improvement from a loss of CNY 6,491,544.29 in Q1 2023, representing a reduction of approximately 23.5%[17] - The total comprehensive loss for the period was CNY 4,974,762.20, compared to a loss of CNY 6,490,854.66 in the previous year[17] Cash Flow - Operating cash flow improved significantly, with a net cash flow of CNY -10,814,048.92, an 81.28% increase from CNY -57,756,352.18 in the previous year[7] - Cash flow from operating activities showed a net outflow of CNY 10,814,048.92, an improvement from a net outflow of CNY 57,756,352.18 in the same quarter last year[19] - The company reported a significant increase in investment cash flow, with a net cash flow of CNY 43,407,337.80, a 498.50% improvement from CNY -10,892,720.23 in the previous year[7] - The net cash flow from investment activities was 43,407,337.80, compared to a negative cash flow of -10,892,720.23 in the previous year[20] - The total cash outflow from financing activities was 90,818,984.60, significantly higher than 1,883,729.25 in the same period last year[20] - The net cash flow from financing activities was -90,818,984.60, contrasting with a positive cash flow of 5,185,770.75 in the previous year[20] - The company experienced a net decrease in cash and cash equivalents of -58,174,010.55 during the quarter[20] Assets and Liabilities - Total assets decreased by 7.52% to CNY 1,310,834,156.36 from CNY 1,417,412,675.03 at the end of the previous year[5] - Current assets decreased from CNY 1,254,035,831.89 to CNY 1,193,289,160.51, a reduction of about 4.8%[12] - Cash and cash equivalents decreased from CNY 880,705,202.84 to CNY 813,756,011.12, a decline of approximately 7.6%[12] - Total liabilities decreased from CNY 273,506,020.49 to CNY 169,615,238.45, a reduction of about 38%[13] - Current liabilities decreased from CNY 270,508,093.41 to CNY 166,812,457.68, a decline of approximately 38.4%[13] - The company's equity remained stable at CNY 53,340,000.00[13] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 7,154[9] - The top two shareholders, Qian Shuguang and Wang Lusheng, each hold 17.55% of the shares, totaling 9,360,000 shares[9] Inventory and Receivables - Accounts receivable increased by 142.96% to CNY 30,286,917.29, primarily due to an increase in customer bills received[7] - Inventory rose by 52.96% to CNY 126,366,054.26, attributed to increased stocking and shipping based on customer demand[7] - Accounts receivable decreased from CNY 247,107,482.98 to CNY 190,937,240.95, a decrease of about 22.7%[12] - Inventory increased from CNY 82,612,358.40 to CNY 126,366,054.26, an increase of approximately 53%[12] Expenses - Total operating costs decreased slightly to CNY 41,497,320.75 from CNY 41,539,315.33, with operating costs at CNY 16,703,151.58, down from CNY 16,862,605.88[16] - Research and development expenses increased to CNY 14,218,430.05 from CNY 11,731,774.31, reflecting a growth of approximately 21.3%[16] - Sales expenses rose significantly to CNY 11,109,929.47 from CNY 7,509,029.51, indicating a 47.5% increase[16] - Other income for the quarter was CNY 2,166,988.28, up from CNY 966,882.14, marking a growth of approximately 124.8%[16] Audit Information - The company did not undergo an audit for this quarterly report[4] - The company has not undergone an audit for the first quarter report[21] Product Development - The company has not reported any new product developments or market expansion strategies in this quarter[12]
荣旗科技(301360) - 2024 Q1 - 季度财报