GETM(SH:600232)2024-04-24 10:53Financial Performance - The company's operating revenue for Q1 2024 was ¥234,374,674.34, representing a decrease of 9.36% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥8,630,016.10, an increase of 2.99% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥9,035,988.64, up by 12.35% compared to the previous year[5]. - Total revenue for Q1 2024 was ¥234,374,674.34, a decrease of 9.34% compared to ¥258,563,562.94 in Q1 2023[16]. - Total operating costs for Q1 2024 were ¥220,088,087.44, down 13.00% from ¥253,066,508.06 in Q1 2023[16]. - Operating profit for Q1 2024 increased to ¥14,214,833.94, compared to ¥9,299,886.79 in Q1 2023, reflecting a growth of 52.00%[16]. - The total profit for Q1 2024 was CNY 13,716,190.36, an increase of 48.3% compared to CNY 9,222,798.22 in Q1 2023[17]. - Net profit attributable to shareholders of the parent company reached CNY 8,630,016.10, up 3.0% from CNY 8,379,408.05 in the same period last year[17]. - The net profit for Q1 2024 was CNY 10,942,168.74, representing a 35.5% increase from CNY 8,084,868.39 in Q1 2023[17]. - The company reported a net profit margin improvement, with operating profit margin increasing from 3.60% in Q1 2023 to 6.06% in Q1 2024[16]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥93,048,420.52, indicating a significant cash outflow[5]. - Operating cash inflow for Q1 2024 was CNY 261,836,709.10, compared to CNY 228,136,420.25 in Q1 2023, reflecting a growth of 14.8%[19]. - The net cash flow from operating activities was -CNY 93,048,420.52, worsening from -CNY 83,854,044.73 in the previous year[19]. - Cash and cash equivalents as of March 31, 2024, were ¥299,310,588.02, up from ¥292,600,674.82 on December 31, 2023[11]. - Cash and cash equivalents at the end of Q1 2024 totaled CNY 226,001,283.95, an increase from CNY 203,008,667.46 at the end of Q1 2023[20]. - The company reported a net cash flow from financing activities of CNY 112,441,517.16, significantly up from CNY 30,218,666.19 in Q1 2023[20]. - The company experienced a decrease in cash received from sales of goods and services, totaling CNY 203,646,550.66, down from CNY 214,670,532.20 in the previous year[19]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,777,139,536.85, an increase of 3.47% from the end of the previous year[5]. - Total assets as of March 31, 2024, reached ¥1,777,139,536.85, compared to ¥1,717,579,620.69 on December 31, 2023, indicating a growth of 3.47%[12]. - Total liabilities as of March 31, 2024, were ¥684,309,945.46, an increase from ¥635,692,198.04 on December 31, 2023[13]. - Accounts receivable increased to ¥272,901,606.82 as of March 31, 2024, compared to ¥222,955,073.13 on December 31, 2023, representing a growth of 22.43%[11]. - Inventory as of March 31, 2024, was ¥647,540,689.54, an increase of 8.23% from ¥598,228,279.44 on December 31, 2023[11]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,688[7]. - The largest shareholder, Zhejiang Jinying Group, holds 50.25% of the shares, amounting to 183,273,451 shares[7]. - The company plans to increase its A-share holdings by no less than ¥20 million and no more than ¥40 million within 12 months starting from February 7, 2024[8]. Research and Development - Research and development expenses for Q1 2024 were ¥6,724,838.03, slightly up from ¥6,018,449.43 in Q1 2023, reflecting a commitment to innovation[16]. Earnings Per Share - The basic earnings per share for Q1 2024 was CNY 0.024, slightly up from CNY 0.023 in Q1 2023[17]. - The company’s total comprehensive income for Q1 2024 was CNY 10,942,168.74, compared to CNY 8,084,868.39 in Q1 2023, marking a 35.5% increase[17].