Breo(SH:688793)2024-04-24 12:50Financial Performance - The company's operating revenue for Q1 2024 reached CNY 293,298,831.57, representing a year-on-year increase of 28.59%[5] - Net profit attributable to shareholders was CNY 15,610,139.93, with a basic earnings per share of CNY 0.18[6] - The company reported a net profit of CNY 16,403.56 from non-recurring gains and losses, primarily from asset disposals and government subsidies[8] - Total operating revenue for Q1 2024 reached ¥293,298,831.57, an increase of 28.7% compared to ¥228,090,792.84 in Q1 2023[17] - Net profit for Q1 2024 was ¥15,610,102.87, a significant recovery from a net loss of ¥1,823,326.62 in Q1 2023[18] - Total comprehensive income for Q1 2024 was CNY 15,689,953.40, compared to a loss of CNY 1,126,569.48 in Q1 2023[19] - Basic and diluted earnings per share for Q1 2024 were CNY 0.18, an increase of CNY 0.03 from Q1 2023[19] Cash Flow - The net cash flow from operating activities was CNY 41,344,340.75, indicating improved cash collection due to increased sales revenue[6] - Net cash flow from operating activities for Q1 2024 was CNY 41,344,340.75, a significant improvement from a negative cash flow of CNY 15,840,187.61 in Q1 2023[20] - Cash inflow from operating activities totaled CNY 356,263,413.77, up from CNY 267,870,993.15 in the previous year[20] - Cash outflow from investing activities was CNY 64,100,165.94, compared to CNY 36,027,794.82 in Q1 2023, resulting in a net cash flow from investing activities of -CNY 33,700,550.94[20] - Cash inflow from financing activities increased to CNY 80,000,000.00 in Q1 2024, compared to CNY 20,000,000.00 in Q1 2023[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 739,873,243.43, a decrease of 1.16% compared to the end of the previous year[6] - The total assets as of March 31, 2024, were CNY 876,724,570.03, down from CNY 894,153,217.51 at the end of 2023[22] - The total liabilities as of March 31, 2024, were CNY 375,584,052.12, slightly up from CNY 373,455,738.72 at the end of 2023[23] - The company's total liabilities were ¥346,216,940.69 in Q1 2024, slightly up from ¥343,713,849.19 in Q1 2023[16] - Current liabilities increased to ¥322,581,613.22 in Q1 2024, compared to ¥312,798,925.40 in Q1 2023, reflecting a 3.0% rise[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 2,778[10] - Major shareholder Ma Xuejun holds 40.48% of the company's shares, indicating significant ownership concentration[10] - The company reported a total of 2,011,774 shares held in the repurchase special securities account at the end of the reporting period[12] - The top ten shareholders include Shenzhen Hongjun Capital Management Co., Ltd. with 1,655,235 shares, and Xiamen Hanyun Investment Management Co., Ltd. with 1,493,100 shares[12] - The company has not reported any significant changes in the top ten shareholders due to securities lending or borrowing activities[13] Research and Development - Research and development expenses totaled CNY 14,986,200.86, accounting for 5.11% of operating revenue, a decrease of 0.23 percentage points year-on-year[6] - Research and development expenses increased to ¥14,986,200.86 in Q1 2024, compared to ¥12,168,923.14 in Q1 2023, marking a 23.0% rise[17] - Research and development expenses increased to ¥12,402,158.98, up from ¥9,759,655.24 in the same period last year, indicating a focus on innovation[25] Operational Efficiency - The weighted average return on net assets was 3.78% for the reporting period[6] - The company achieved a gross profit margin of approximately 50.8% in Q1 2024, compared to 50.0% in Q1 2023, reflecting improved operational efficiency[25] - The company reported a significant increase in sales expenses, which rose to ¥141,184,830.47 in Q1 2024 from ¥115,070,787.68 in Q1 2023, an increase of 22.7%[17] Other Information - There are no significant reminders or additional important information regarding the company's operational status during the reporting period[13] - The company plans to continue expanding its market presence and launching new products to drive future growth[9]