Financial Performance - The company's revenue for Q1 2024 was ¥160,339,210.95, representing a 7.62% increase compared to ¥148,983,112.34 in the same period last year[5] - Net profit attributable to shareholders decreased by 14.31% to ¥8,810,612.22 from ¥10,281,710.32 year-on-year[5] - Total operating revenue for Q1 2024 was CNY 160,339,210.95, an increase of 7.1% compared to CNY 148,983,112.34 in Q1 2023[18] - Net profit for Q1 2024 was CNY 8,810,612.22, a decrease of 14.5% from CNY 10,281,710.32 in Q1 2023[19] - Earnings per share for Q1 2024 were CNY 0.09, down from CNY 0.10 in Q1 2023[20] Cash Flow - The net cash flow from operating activities improved significantly by 85.97%, reaching -¥1,694,744.83 compared to -¥12,075,929.18 in the previous year[5] - The net cash flow from operating activities was -1,694,744.83 CNY, a significant improvement from -12,075,929.18 CNY in the previous period, indicating a reduction in cash outflow[21] - Total cash inflow from operating activities was 93,127,040.92 CNY, down 31.4% from 135,666,342.22 CNY in the previous period[21] - Cash outflow from operating activities decreased to 94,821,785.75 CNY, compared to 147,742,271.40 CNY in the previous period, reflecting a 35.8% reduction[21] - The net cash flow from financing activities was 7,887,609.17 CNY, compared to -36,377.77 CNY in the previous period, indicating a positive shift[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,676,166,350.37, a decrease of 0.64% from ¥1,686,938,439.27 at the end of the previous year[5] - Total liabilities for Q1 2024 were CNY 349,006,969.24, compared to CNY 368,589,670.36 in Q1 2023, indicating a reduction of 5.4%[16] - The company's fixed assets were valued at CNY 765,066,746.92, a decrease from CNY 772,599,502.38 in the previous year[16] Accounts Receivable and Inventory - Accounts receivable increased by 39.22% to ¥133,027,859.33, primarily due to delayed payments from sales[7] - Accounts receivable rose significantly to CNY 133,027,859.33 from CNY 95,555,197.55, marking an increase of about 39.1%[14] - Inventory levels slightly decreased to CNY 206,309,612.30 from CNY 209,973,443.08, reflecting a decrease of approximately 1.27%[14] Expenses - Management expenses rose by 83.90% to ¥9,016,009.97, mainly due to increased depreciation after relocating to a new factory[8] - Research and development expenses for Q1 2024 were CNY 6,226,156.73, slightly down from CNY 6,770,969.41 in Q1 2023[18] Investment Income - The company reported a significant decrease in investment income, with a loss of -¥56.55 compared to a profit of ¥643,726.40 in the previous year[8] - The company reported an investment loss of CNY 56.55 in Q1 2024, a significant decline from a profit of CNY 643,726.40 in the same period last year[19] Future Outlook - The company is exploring new product development and market expansion strategies to enhance revenue streams in the upcoming quarters[13] - Future guidance indicates a focus on improving operational efficiency and increasing market share through strategic partnerships and potential acquisitions[13] - The management emphasized the importance of maintaining a strong cash position to support ongoing investments in technology and innovation[13] - The company plans to enhance its financial reporting and transparency to better inform stakeholders about its performance and strategic direction[13]
金道科技(301279) - 2024 Q1 - 季度财报