Financial Performance - Net profit attributable to shareholders for Q1 2024 was CNY 20,381,445.30, representing a 13.00% increase year-over-year [11]. - Operating revenue for Q1 2024 reached CNY 124,311,775.70, up 23.39% from CNY 100,744,573.22 in the same period last year [11]. - The company's net profit for Q1 2024 reached CNY 20,381,445.30, an increase of 13.2% compared to CNY 18,014,619.11 in Q1 2023 [43]. - The total profit for Q1 2024 was CNY 21,903,753.43, significantly higher than CNY 11,798,021.15 in Q1 2023, showing an increase of 85.5% [44]. - The operating profit for Q1 2024 was CNY 21,970,466.25, a substantial increase from CNY 11,798,070.53 in Q1 2023, representing an increase of 86.5% [44]. - The total comprehensive income for Q1 2024 was CNY 20,536,006.23, an increase from CNY 17,347,024.59 in Q1 2023 [43]. - The basic earnings per share for Q1 2024 was CNY 0.14, compared to CNY 0.13 in Q1 2023, reflecting a growth of 7.7% [44]. Assets and Liabilities - Total assets as of March 31, 2024, were CNY 1,094,152,092.51, a decrease of 0.44% compared to the end of 2023 [11]. - Current assets totaled 832,395,385.78 CNY, down from 844,539,726.36 CNY at the end of 2023 [36]. - Non-current assets increased to 261,756,706.73 CNY from 254,495,211.00 CNY at the end of 2023 [37]. - Total liabilities decreased to ¥127,304,464.45 as of March 31, 2024, down from ¥143,566,510.93 at the end of 2023, reflecting a reduction of approximately 11.3% [41]. - Current liabilities decreased to 111,621,824.70 CNY from 137,518,220.55 CNY at the end of 2023 [37]. - Non-current liabilities slightly decreased to 35,975,569.91 CNY from 36,711,632.96 CNY at the end of 2023 [37]. Cash Flow - The company's cash flow from operating activities showed a significant decline of 49.41%, totaling CNY 8,508,928.87 [11]. - Cash received from operating activities increased by 78.79% to CNY 7,080,016.53, driven by higher government subsidies [13]. - Cash inflows from operating activities amounted to CNY 134,725,204.80 in Q1 2024, compared to CNY 107,494,015.42 in Q1 2023, indicating a growth of 25.3% [46]. - Total cash inflow from operating activities reached ¥114,384,167.32 in Q1 2024, up from ¥69,542,857.43 in Q1 2023, indicating a growth of approximately 64.4% [49]. - The net cash flow from operating activities for Q1 2024 was ¥15,770,680.96, a significant improvement compared to a net outflow of ¥14,126,888.87 in Q1 2023 [49]. Shareholder Information - The total number of ordinary shares at the end of the reporting period was 141,159,348, with 7,622 shareholders [18]. - The largest shareholder, Zhang Shuguang, holds 15.35% of the shares, totaling 21,668,940 shares [19]. - The proportion of unrestricted shares remained at 75.72%, totaling 106,888,812 shares [17]. - The company has a total of 63,687,152 shares held by the top ten shareholders, representing 45.12% of total shares [19]. - The company granted a total of 3.3 million restricted shares under the 2023 equity incentive plan, with an initial grant of 2.7 million shares at a price of 6.25 CNY per share [26]. Research and Development - Research and development expenses increased by 30.78% to CNY 10,682,865.93, reflecting the company's commitment to innovation [13]. - Research and development expenses for Q1 2024 were ¥10,682,865.93, compared to ¥8,168,325.76 in Q1 2023, reflecting an increase of about 30.7% [42]. - The company reported a significant increase in R&D expenses, totaling CNY 7,711,892.25 in Q1 2024, compared to CNY 5,767,335.05 in Q1 2023, marking a rise of 33.6% [44]. Other Financial Metrics - The gross profit margin decreased due to a 32.17% rise in operating costs, which totaled CNY 81,780,924.40 [13]. - Other income surged by 795.27% to CNY 2,895,433.07, primarily due to increased government subsidies [13]. - The company reported a significant increase in accounts receivable, leading to a 41.80% rise in credit impairment losses [13]. - The company experienced a credit impairment loss of CNY -698,902.16 in Q1 2024, compared to CNY -622,662.47 in Q1 2023, reflecting a deterioration in credit quality [44]. - The company has no overdue commitments and all commitments have been strictly adhered to during the reporting period [31].
奥迪威(832491) - 2024 Q1 - 季度财报