Financial Performance - Revenue for Q1 2024 was CNY 91,207,976.71, a decrease of 22.47% compared to CNY 117,637,084.10 in the same period last year[5] - Net profit attributable to shareholders was CNY 19,202,737.00, down 14.14% from CNY 22,365,868.16 year-on-year[5] - Net profit after deducting non-recurring gains and losses was CNY 15,283,280.03, a decline of 25.77% compared to CNY 20,588,724.19 in the previous year[5] - Basic and diluted earnings per share were CNY 0.2619, down 35.60% from CNY 0.4067 year-on-year[5] - Operating profit for Q1 2024 was ¥24,206,715.69, compared to ¥28,256,550.43 in Q1 2023, reflecting a decline of 14.5%[21] - The total profit for Q1 2024 was ¥24,164,045.71, a decrease of 14.8% from ¥28,267,668.90 in the previous period[22] - The net profit for Q1 2024 was ¥19,202,737.00, down 14.5% from ¥22,365,868.16 in the same period last year[22] - Basic and diluted earnings per share for Q1 2024 were both ¥0.2619, compared to ¥0.4067 in Q1 2023, reflecting a decline of 35.5%[22] Cash Flow and Investments - Operating cash flow net amount reached CNY 29,978,543.47, a significant increase of 3,578.91% from CNY 814,875.60 in the same period last year[5] - Cash inflow from operating activities totaled ¥71,874,293.92, an increase of 24.8% from ¥57,561,264.29 in the previous period[25] - The net cash flow from operating activities was ¥29,978,543.47, significantly up from ¥814,875.60 in Q1 2023[25] - Cash inflow from investment activities was ¥350,538,213.64, a substantial increase from ¥60,857,534.25 in the previous period[25] - The net cash flow from investment activities was -¥43,442,816.43, worsening from -¥19,630,918.06 in Q1 2023[25] - The company received ¥348,000,000.00 from the recovery of investments, a significant increase from ¥60,000,000.00 in the previous period[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,719,928,653.44, an increase of 1.31% from CNY 1,697,639,962.16 at the end of the previous year[5] - The company's cash and cash equivalents at the end of the period were ¥696,906,906.09, down from ¥712,964,012.23 at the beginning of the period[18] - Accounts receivable increased to ¥100,807,634.06 from ¥86,914,026.23, representing a growth of 15.5%[18] - The total liabilities increased to ¥98,958,682.46 from ¥95,872,728.18, indicating a rise of 3.2%[20] - The retained earnings at the end of the period were ¥667,657,069.70, up from ¥648,454,332.70, reflecting an increase of 2.0%[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,633[11] - The company reported a total of 947,103 shares under lock-up, which will be released on February 21, 2024, representing approximately 5.17% of the total shares issued in the recent public offering[14] - The top ten shareholders hold a total of 1,000,000 shares, with the largest shareholder holding 311,117 shares[12] - The company has a total of 0.68% of shares held by individual investors, indicating a diverse shareholder base[12] - The company has not reported any changes in the number of shares lent or returned under the transfer and financing business[12] - The company has not disclosed any related party transactions among its shareholders beyond familial relationships[12] - The company has not issued any preferred shares, indicating a focus on common equity financing[13] - The company has not reported any changes in the number of restricted shares during the period[14] Government Support and Projects - The company received government subsidies amounting to CNY 82,289.65 during the reporting period[7] - The company has approved a change in the use of raised funds, consolidating three projects into one, with a total of 419.43 million RMB allocated for the new project[15] - The new project will focus on the construction of a base for motion controllers and power chip research and packaging, involving the parent company and its subsidiaries[15] - The company plans to acquire new industrial land to meet its development needs, considering factors such as location and cost[15] Research and Development - The company reported a decrease in research and development expenses to ¥4,019,871.96 from ¥4,615,604.84, a reduction of 12.9%[21] Profitability Metrics - The company's net profit margin for Q1 2024 was approximately 26.6%, down from 24.0% in the previous year[21]
协昌科技(301418) - 2024 Q1 - 季度财报