Financial Performance - The company's revenue for Q1 2024 was ¥170,496,806.34, representing a 17.28% increase compared to ¥145,372,332.10 in the same period last year[5] - Net profit attributable to shareholders decreased by 64.51% to ¥3,588,001.99 from ¥10,110,682.70 year-on-year[5] - Basic and diluted earnings per share dropped by 75.00% to ¥0.05 from ¥0.20 in the same period last year[5] - Net profit for Q1 2024 was ¥4,646,388.87, a decrease of 61.5% from ¥12,105,113.37 in Q1 2023[18] - Earnings per share for Q1 2024 was ¥0.05, down from ¥0.20 in the same period last year[19] Cash Flow - The net cash flow from operating activities improved significantly to ¥9,425,715.07, a 132.06% increase from a negative cash flow of ¥29,404,518.04 in the previous year[5] - Cash flow from operating activities for Q1 2024 was ¥9,425,715.07, a significant improvement from a negative cash flow of ¥29,404,518.04 in Q1 2023[20] - The net increase in cash and cash equivalents for the period was 28,154,966.88, compared to a decrease of 96,071,613.56 in the previous period[22] - The ending balance of cash and cash equivalents reached 281,698,586.00, up from 253,543,619.12 at the beginning of the period[22] Assets and Liabilities - The company's total assets decreased by 1.28% to ¥1,092,001,382.82 compared to ¥1,106,124,193.40 at the end of the previous year[5] - Total current assets amount to ¥941,069,438.41, a decrease from ¥967,085,795.12 at the beginning of the period[14] - Total liabilities decreased to ¥123,495,712.51 from ¥143,164,266.38[14] - The total liabilities decreased to ¥141,143,219.49 in Q1 2024 from ¥159,912,418.94 in Q1 2023, indicating improved financial stability[18] Expenses - Research and development expenses increased by 113.92% to ¥4,725,346.01, reflecting the company's commitment to technology development and market expansion in new application areas[9] - Sales expenses surged by 154.00% to ¥4,989,511.44, primarily due to increased costs related to customer development and order acquisition[9] - Total operating costs for Q1 2024 were ¥165,243,373.41, up 24.0% from ¥133,159,338.97 in Q1 2023[17] Shareholder Information - Total number of common shareholders at the end of the reporting period is 9,957[11] - The largest shareholder, Zhang Wei, holds 48.34% of shares, totaling 33,200,000 shares[11] Government Support - The company received government subsidies amounting to ¥124,509.79, which are closely related to its normal business operations[6] Investment Activities - Cash inflow from investment activities was ¥546,420,465.86 in Q1 2024, a significant increase from ¥59,162,732.86 in Q1 2023[20] - The total cash inflow from investment activities amounted to 547,452,971.96, while cash outflow was 527,187,350.83, resulting in a net inflow[22] Other Information - The company has not disclosed any new product developments or market expansion strategies in the current report[12] - The company did not undergo an audit for the first quarter report[23]
翔腾新材(001373) - 2024 Q1 - 季度财报