JIAFAET(SZ:300559)2024-04-25 08:28Financial Performance - The company's revenue for Q1 2024 reached ¥113,884,863.25, representing a 68.47% increase compared to ¥67,598,483.83 in the same period last year[5] - Net profit attributable to shareholders was ¥6,525,364.77, an increase of 87.31% from ¥3,483,768.99 year-over-year[5] - The basic earnings per share rose to ¥0.0163, reflecting an 87.36% increase compared to ¥0.0087 in the previous year[5] - Net profit for Q1 2024 was ¥5,028,326.99, compared to a net profit of ¥2,758,229.05 in Q1 2023, reflecting an increase of 82.3%[21] - Earnings per share (EPS) for Q1 2024 was ¥0.0163, up from ¥0.0087 in the previous year, indicating a growth of 87.4%[22] Cash Flow and Liquidity - The net cash flow from operating activities was -¥44,043,361.93, a decline of 43.91% from -¥30,604,698.19 in the same period last year[10] - Cash inflow from operating activities totaled ¥98,023,172.74, an increase from ¥87,279,750.78 in the same quarter last year[24] - The net cash flow from operating activities was -44,043,361.93 CNY, compared to -30,604,698.19 CNY in the previous year, indicating a decline of approximately 43.7%[25] - Cash and cash equivalents at the end of the period were 590,623,745.24 CNY, down from 638,110,756.38 CNY at the beginning of the period, a decrease of about 7.4%[25] - The company reported a net decrease in cash and cash equivalents of -47,487,011.14 CNY, compared to -32,005,090.66 CNY in the prior year, indicating a decline of about 48.3%[25] Operating Costs and Expenses - The company reported a significant increase in operating costs, which rose by 71.07% to ¥56,944,383.03, in line with the increase in revenue[9] - Total operating costs amounted to ¥105,503,246.41, up 58.9% from ¥66,368,625.02 year-over-year[20] - The company's management expenses surged by 92.94% to ¥21,544,999.19, primarily due to the amortization of employee stock ownership plan expenses[9] - The company recorded a significant increase in sales expenses, which rose to ¥18,120,085.88 from ¥15,531,497.72, an increase of 16.5%[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,426,432,561.55, a slight decrease of 0.21% from ¥1,429,446,164.98 at the end of the previous year[5] - Total liabilities decreased to ¥192,454,558.34 from ¥208,764,697.09, a reduction of approximately 7.8%[18] - Current liabilities decreased to ¥191,794,354.21 from ¥208,073,636.83, showing a reduction of approximately 7.5%[17] - Non-current assets total ¥447,110,235.18, down from ¥450,040,488.23[17] Investments and Development - The company's development expenditure increased by 56.41% to ¥7,982,337.01, attributed to ongoing investments in R&D projects[8] - Research and development expenses for Q1 2024 were ¥11,962,290.60, compared to ¥10,808,356.74 in Q1 2023, marking an increase of 10.6%[21] - The company has invested ¥7,982,337.01 in development expenditures, up from ¥5,103,323.92, indicating a focus on new product and technology development[17] Shareholder Information - The total number of common shareholders at the end of the reporting period is 15,328[13] - The largest shareholder, Yuan Bin, holds 29.43% of shares, totaling 117,568,630 shares, with 7,540,000 shares pledged[13] Other Financial Information - The company received government subsidies amounting to ¥386,174.51 during the reporting period[6] - The capital reserve increased by 52.03% to ¥24,158,649.47, resulting from the amortization of employee stock ownership plan expenses[8] - The company has a goodwill of ¥18,672,778.72, unchanged from the previous period[17] - The company reported a decrease in financial expenses, with a net financial income of -¥3,756,671.96, improving from -¥4,724,211.88 year-over-year[21] - The company has not undergone an audit for the first quarter report[26] - The company is implementing new accounting standards starting in 2024, which may affect financial reporting[26]