Financial Performance - The company's revenue for Q1 2024 was CNY 366,448,601.68, representing a 20.24% increase compared to CNY 304,754,106.91 in the same period last year[5] - Net profit attributable to shareholders was CNY 40,237,153.02, up 31.34% from CNY 30,635,931.69 year-on-year[5] - Total operating revenue for Q1 2024 reached CNY 366,448,601.68, an increase of 20.23% compared to CNY 304,754,106.91 in Q1 2023[20] - Net profit for Q1 2024 was CNY 40,237,153.02, representing a 31.38% increase from CNY 30,635,931.69 in Q1 2023[21] - Basic and diluted earnings per share were both CNY 0.5497, down 1.49% from CNY 0.5580 in the same quarter last year[5] - Basic and diluted earnings per share for Q1 2024 were both CNY 0.5497, slightly down from CNY 0.5580 in Q1 2023[22] Cash Flow and Liquidity - The net cash flow from operating activities decreased significantly to -CNY 21,319,348.55, a decline of 244.61% compared to CNY 14,743,160.68 in the previous year[5] - Cash inflows from operating activities totaled 361,832,059.41, up from 289,101,390.96, reflecting a growth of approximately 25%[25] - Cash outflows from operating activities increased to 383,151,407.96 from 274,358,230.28, representing a rise of about 39.6%[25] - The cash flow from investment activities was -38,033,152.60, compared to -35,162,849.63 in the previous period, indicating a worsening investment cash flow situation[25] - The cash flow from financing activities resulted in a net outflow of -16,479,021.89, worsening from -7,473,702.12 previously, highlighting increased financial strain[25] - The total cash and cash equivalents at the end of the period were 854,884,472.50, down from 925,429,537.37, showing a decrease of approximately 7.6%[25] Expenses and Costs - Total operating costs for Q1 2024 were CNY 325,447,736.13, up 20.69% from CNY 269,627,395.37 in the same period last year[20] - Sales expenses increased by 44.59% to CNY 1,360,000, primarily due to higher salaries and promotional costs[9] - Management expenses rose by 55.04% to CNY 1,640,000, driven by increased salaries and consulting fees[9] - Research and development expenses increased to CNY 17,558,072.10 in Q1 2024, compared to CNY 15,527,472.05 in Q1 2023, reflecting a growth of 13.09%[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,860,554,246.05, a decrease of 2.29% from CNY 1,904,183,956.69 at the end of the previous year[5] - Total assets as of the end of Q1 2024 amounted to CNY 1,860,554,246.05, a decrease from CNY 1,904,183,956.69 at the end of Q1 2023[18] - Total liabilities decreased to CNY 597,798,509.89 in Q1 2024 from CNY 683,119,766.98 in Q1 2023[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 15,446, with the largest shareholder holding 25.20% of the shares[10] Strategic Investments and Expansion - The company established a wholly-owned subsidiary in Hong Kong with an investment of USD 300,000 to expand its business and meet overseas customer demands[13] - A wholly-owned subsidiary was set up in Zhongshan, Guangdong Province with an investment of RMB 40 million to supplement the company's supply chain[13] - The company is focused on enhancing its market presence through strategic investments and establishing new subsidiaries[13] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[19] Government Subsidies and Financial Income - The company reported a government subsidy of CNY 6,591,586.56, which is closely related to its normal business operations[6] - The company reported a financial income of CNY 3,678,889.03 in Q1 2024, up from CNY 971,457.99 in Q1 2023[21] Tax and Refunds - The company reported a significant increase in tax payments, totaling 10,923,864.65, compared to 6,628,571.66 in the previous period, marking a rise of about 64.5%[25] - The company experienced a cash inflow of 34,527,986.92 from tax refunds, up from 19,888,944.32, indicating a growth of about 73.8%[24]
联域股份(001326) - 2024 Q1 - 季度财报