Financial Performance - The company's revenue for Q1 2024 was ¥100,376,255.32, representing a decrease of 12.24% compared to ¥114,374,016.38 in the same period last year[4] - Net profit attributable to shareholders was ¥18,178,284.66, down 61.76% from ¥47,627,602.97 year-on-year[4] - Basic earnings per share decreased by 60.47% to ¥0.17 from ¥0.65 in the previous year[4] - Total operating revenue for Q1 2024 was CNY 100,376,255.32, a decrease of 12.3% compared to CNY 114,374,016.38 in the same period last year[25] - Net profit for Q1 2024 was CNY 18,674,769.16, a decline of 60.3% from CNY 47,021,047.50 in Q1 2023[26] - Earnings per share for Q1 2024 was CNY 0.17, compared to CNY 0.43 in the same quarter last year, reflecting a 60.5% decrease[26] Cash Flow - The net cash flow from operating activities increased significantly by 638.60%, reaching ¥19,615,436.97 compared to ¥2,655,748.24 in Q1 2023[4] - Cash inflow from operating activities totaled ¥124,021,393.08, up from ¥107,265,275.16, indicating a growth of approximately 15.6%[28] - Cash outflow from operating activities remained stable at ¥104,405,956.11 compared to ¥104,609,526.92, showing a slight decrease[28] - The net cash flow from investing activities was negative at -¥52,202,180.00, worsening from -¥34,154,708.46 in the previous period[29] - Cash inflow from financing activities was recorded at ¥1,560,526.86, with cash outflow totaling ¥5,148,646.13, leading to a net cash flow of -¥3,588,119.27[29] - The ending balance of cash and cash equivalents decreased to ¥1,160,171,121.37 from ¥1,323,419,579.60, a decline of approximately 12.3%[29] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥2,015,766,461.08, a slight decrease of 0.11% from ¥2,017,987,787.26 at the end of the previous year[4] - The company's cash and cash equivalents at the end of the period amount to ¥1,163,403,449.72, a decrease from ¥1,206,489,118.43 at the beginning of the period[21] - Total current assets decreased to ¥1,462,699,763.18 from ¥1,502,606,398.51, indicating a reduction in liquidity[21] - Total liabilities decreased to CNY 107,372,126.58, down 16.3% from CNY 128,268,221.92 in the previous year[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 8,413[15] - The largest shareholder, Li Wenhua, holds 31.28% of the shares, amounting to 34,375,001 shares[15] - The company proposed a cash dividend of ¥5.00 per 10 shares, totaling ¥36,631,198.00, and a capital reserve increase of 5 shares for every 10 shares held[6] Operational Insights - Sales expenses rose by 36.21% to ¥3,816,001.25, primarily due to increased exhibition and online promotion costs[12] - Other income decreased by 89.51% to ¥828,409.88, mainly due to the previous year's disposal of properties and government subsidies[12] - The company plans to continue its market expansion and product development strategies to enhance future performance[4] Accounting and Reporting - The company has not yet audited the first quarter report, which may impact the reliability of the financial data presented[30] - The company is set to implement new accounting standards starting in 2024, which may affect future financial reporting[30]
维峰电子(301328) - 2024 Q1 - 季度财报