Tricolor(SH:603516)2024-04-24 11:02Financial Performance - The company's operating revenue for Q1 2024 was CNY 74,791,042.96, representing a year-on-year increase of 3.74%[5] - The net profit attributable to shareholders for the same period was CNY 5,991,241.75, with a non-applicable comparison to the previous year[5] - The company reported a net loss of ¥5,368,366.68 for Q1 2024, compared to a net loss of ¥1,530,635.87 in Q1 2023[20] - The net profit for Q1 2024 was CNY 5,518,868.03, a significant recovery from a net loss of CNY 12,169,288.14 in Q1 2023, marking a turnaround of approximately 145.3%[21] - The total profit for Q1 2024 reached CNY 6,467,356.51, compared to a loss of CNY 10,878,678.36 in the same period last year, indicating a recovery of around 159.5%[21] - Basic and diluted earnings per share for Q1 2024 were CNY 0.03, compared to a loss of CNY 0.07 per share in Q1 2023, reflecting a positive shift in profitability[22] Cash Flow and Investments - The net cash flow from operating activities decreased by 65.35% to CNY 2,800,895.16[5] - Cash flow from operating activities generated a net inflow of CNY 2,800,895.16 in Q1 2024, down from CNY 8,082,906.94 in Q1 2023, representing a decrease of approximately 65.3%[24] - Cash flow from investing activities resulted in a net outflow of CNY 16,883,618.69 in Q1 2024, contrasting with a net inflow of CNY 170,949,381.43 in Q1 2023, indicating a significant change in investment strategy[25] - The total cash and cash equivalents at the end of Q1 2024 were CNY 529,639,489.87, down from CNY 424,711,373.38 at the end of Q1 2023, showing a decrease of about 24.5%[25] Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 1,503,678,598.69, down 2.61% from the end of the previous year[6] - Total liabilities decreased significantly to ¥238,725,328.68 in Q1 2024, down from ¥470,283,843.06 in Q4 2023[17] - Shareholders' equity attributable to the parent company increased by 17.93% to CNY 1,265,510,241.55 compared to the end of the previous year[6] - Shareholders' equity increased to ¥1,264,953,270.01 as of March 31, 2024, compared to ¥1,073,718,387.39 at the end of 2023[17] Operating Costs and Expenses - Total operating costs decreased to ¥80,159,409.64 in Q1 2024, down 11.9% from ¥91,039,682.47 in Q1 2023[20] - Operating costs included ¥33,278,954.65 for cost of goods sold, a reduction from ¥42,624,160.42 in the previous year[20] - The company incurred operating expenses of CNY 141,480,265.62 in Q1 2024, down from CNY 152,274,112.61 in Q1 2023, reflecting a cost reduction strategy[24] - Research and development expenses for Q1 2024 were ¥16,313,108.29, slightly up from ¥16,011,279.86 in Q1 2023[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 15,203[11] - The top shareholder, He Shida, holds 25.29% of the shares, with 6,080,000 shares pledged[11] Future Outlook - The company plans to continue focusing on operational efficiency and exploring new market opportunities to enhance future growth prospects[27] Other Income - The company reported other operating income of CNY 11,835.51 in Q1 2024, compared to CNY 8.85 in Q1 2023, indicating a growth in non-core income sources[21] - The company reported a significant increase in prepayments by 221.43%, primarily due to increased advance payments for inventory[8] - Financial expenses decreased by 30.47%, attributed to an increase in interest income from deposits[9]