KEDE Numerical (SH:688305)2024-04-24 12:01Financial Performance - The company's operating revenue for Q1 2024 was ¥101,123,850.44, representing an increase of 18.63% compared to the same period last year[6]. - Net profit attributable to shareholders decreased by 43.97% to ¥15,063,703.28, primarily due to increased R&D expenses and a lack of significant gains from stock holdings compared to the previous year[6][9]. - Basic earnings per share (EPS) fell by 43.95% to ¥0.1617, reflecting the decline in net profit[6][9]. - Operating profit for Q1 2024 was ¥16,415,462.43, a decrease of 46.85% compared to ¥30,888,769.58 in Q1 2023[25]. - The company's net profit margin for Q1 2024 was approximately 16.22%, down from 36.24% in Q1 2023[25]. - The company’s total comprehensive income for Q1 2024 was ¥15,031,049.95, down from ¥26,898,251.95 in Q1 2023, indicating a decrease of 44.1%[26]. Research and Development - Total R&D investment reached ¥39,365,239.22, a significant increase of 79.89%, with R&D expenses accounting for 38.93% of operating revenue, up by 13.26 percentage points[7][9]. - Research and development expenses rose to ¥8,270,777.77, representing a 72.66% increase from ¥4,795,288.14 in Q1 2023[25]. - The company is focusing on high-investment R&D projects, which are expected to drive future growth despite the current decline in profitability[9]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥18,101,413.70, indicating cash outflows during the quarter[6]. - Operating cash inflow for Q1 2024 was ¥131,815,146.77, significantly higher than ¥53,844,030.35 in Q1 2023, marking an increase of 144.5%[28]. - The net cash flow from operating activities was -¥18,101,413.70, an improvement from -¥35,491,738.97 in the same period last year[28]. - Cash and cash equivalents decreased to ¥215,034,762.88 from ¥245,736,984.66, a decline of 12.51%[20]. - Cash and cash equivalents at the end of Q1 2024 totaled ¥198,768,545.72, down from ¥210,939,035.99 at the end of Q1 2023[29]. - The net cash flow from investment activities was -¥12,462,890.25 in Q1 2024, a decline from a positive cash flow of ¥3,639,481.96 in Q1 2023[29]. - Total cash outflow from financing activities was ¥10,134,613.19 in Q1 2024, with no cash inflow reported[29]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥1,527,770,015.97, an increase of 1.87% from the end of the previous year[7]. - Total liabilities increased to ¥379,263,089.52 from ¥366,256,418.23, reflecting a growth of 2.75%[22]. - Inventory increased to ¥509,740,287.66, up 8.09% from ¥471,493,278.62 at the end of 2023[20]. - The company reported a decrease in accounts receivable to ¥134,705,971.15 from ¥141,949,520.55, a decline of 5.67%[20]. Shareholder Information - Shareholders' equity attributable to the parent company was ¥1,148,723,278.91, reflecting a growth of 1.33% compared to the previous year[7]. - The major shareholders include Yu Benhong with 10.15% and Yu Dehai with 74%, collectively controlling 38.84% of the company[13]. - The top ten shareholders include notable entities such as Guotou (Shanghai) and ICBC-AXA Life Insurance, with significant holdings[12]. - The company reported a total of 26,140,000 shares held by the largest shareholder, accounting for a substantial portion of the equity[12]. - The company has seen an increase in shares held by major shareholders, with notable changes in the lending and borrowing of shares[15]. - The report indicates that the company is actively involved in financing and securities lending activities, with specific figures on share movements[16]. - The company has not disclosed any significant changes in the relationships among shareholders or any new strategic partnerships[13]. Other Financial Metrics - The weighted average return on equity (ROE) was 1.32%, showing a decrease compared to the previous period[7]. - The company generated ¥50,119,627.40 from investment activities in Q1 2024, compared to ¥15,034,849.32 in Q1 2023, reflecting a growth of 233.5%[29]. - The company did not report any net profit from subsidiaries prior to consolidation in Q1 2024, consistent with the previous year[26]. - The financial statements for the quarter are not subject to audit, indicating a straightforward reporting process[19].