Yanmade(688312)2024-04-24 11:44Financial Performance - The company's operating revenue for Q1 2024 was ¥71,503,948.64, representing a year-on-year increase of 36.16%[4] - The net profit attributable to shareholders for Q1 2024 was ¥8,313,771.84, a significant increase of 507.26% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥5,444,053.50, up 322.54% year-on-year[4] - The basic earnings per share for Q1 2024 was ¥0.06, reflecting a 500.00% increase from the previous year[4] - Operating profit for Q1 2024 was ¥6,431,515.24, compared to a loss of ¥1,476,750.30 in Q1 2023[18] - Net profit for Q1 2024 was ¥7,504,452.78, significantly up from ¥944,308.58 in Q1 2023, marking a year-over-year increase of 694.5%[18] - Earnings per share for Q1 2024 were ¥0.06, compared to ¥0.01 in Q1 2023[19] Research and Development - Research and development expenses totaled ¥25,595,586.77, accounting for 35.80% of operating revenue, a decrease of 4.81 percentage points year-on-year[5] - Research and development expenses for Q1 2024 were ¥25,595,586.77, compared to ¥21,324,104.26 in Q1 2023, representing a 20.2% increase[17] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,577,769,684.41, an increase of 5.43% from the end of the previous year[5] - Total assets reached ¥1,577,769,684.41 in Q1 2024, up from ¥1,496,447,943.25 in Q1 2023, an increase of 5.4%[16] - Total liabilities increased to ¥236,058,124.99 in Q1 2024 from ¥168,522,640.13 in Q1 2023, reflecting a growth of 40.0%[17] - The company's total non-current assets amounted to RMB 350,067,685.12, slightly up from RMB 339,861,912.82, indicating a growth of about 3.5%[14] Cash Flow - The net cash flow from operating activities was ¥41,783,354.35, showing a slight decrease of 3.60% compared to the previous year[4] - Cash inflow from operating activities was ¥139,546,480.80 in Q1 2024, up from ¥125,300,083.93 in Q1 2023, indicating a 11.5% increase[21] - The net cash flow from operating activities was $41,783,354.35, a decrease of 1.3% compared to $43,345,563.62 in the previous year[22] - Total cash outflow from operating activities amounted to $97,763,126.45, up 19.3% from $81,954,520.31 year-over-year[22] - The net cash flow from investment activities was -$124,111,829.41, slightly improved from -$135,487,515.29 year-over-year[22] - The ending balance of cash and cash equivalents was $98,590,113.71, down 62.1% from $260,605,289.90 year-over-year[23] Shareholder Information - The company reported a total of 7,985 common shareholders at the end of the reporting period[10] - The top shareholder, Liu Yan, holds 66,528,000 shares, representing 45.93% of the total shares[10] - The company reported a total of 3,443,320 shares held by Beijing Junlian Huicheng Equity Investment Partnership, indicating strong institutional support[11] Inventory and Borrowings - The company's inventory rose significantly to RMB 153,973,549.15, compared to RMB 89,915,144.95, indicating an increase of approximately 71%[13] - Short-term borrowings increased to RMB 51,425,203.50 from RMB 14,423,557.67, showing a substantial rise of approximately 257%[14] - Accounts receivable decreased to RMB 128,636,015.81 from RMB 182,098,023.76, reflecting a decline of about 29.3%[13] Other Financial Metrics - The weighted average return on net assets increased by 0.52 percentage points to 0.62%[5] - The total equity attributable to shareholders increased to ¥1,345,603,371.26 in Q1 2024 from ¥1,331,007,795.90 in Q1 2023, a growth of 1.1%[17] - The company reported a decrease in other comprehensive income, with a net loss of ¥281,024.92 in Q1 2024 compared to a loss of ¥993,634.37 in Q1 2023[19] - The company has not reported any significant changes in its operational strategies or new product developments during the reporting period[13]