CCYD(600148)2024-04-25 08:27Financial Performance - The company's operating revenue for Q1 2024 was ¥176,733,589.27, representing an increase of 28.54% compared to the same period last year[3] - The net profit attributable to shareholders was -¥1,742,020.44, and the net profit after deducting non-recurring gains and losses was -¥1,705,459.87, both not applicable for year-on-year comparison[3] - In Q1 2024, the company reported a net profit of ¥938,665.45, a significant improvement compared to a net loss of ¥8,694,324.88 in Q1 2023[15] - The total comprehensive income for the period was ¥938,665.45, contrasting with a comprehensive loss of ¥8,694,324.88 in the same quarter last year[16] - The net profit for Q1 2024 was a loss of CNY 4,968,553.10, improving from a loss of CNY 11,888,373.14 in Q1 2023[25] Cash Flow - The net cash flow from operating activities was ¥60,454,528.72, showing a significant increase of 2491.98% year-on-year[3] - The company achieved a net cash flow from operating activities of ¥60,454,528.72, compared to only ¥2,332,372.82 in Q1 2023, indicating a substantial increase in operational efficiency[19] - The cash flow from operating activities for Q1 2024 was CNY 14,048,675.68, significantly higher than CNY 3,641,115.98 in Q1 2023[27] - The company's cash inflow from operating activities totaled CNY 97,187,952.49 in Q1 2024, compared to CNY 77,482,972.83 in Q1 2023[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,260,377,743.11, an increase of 1.11% from the end of the previous year[4] - The company's total assets as of March 31, 2024, amounted to ¥1,260,377,743.11, up from ¥1,246,566,435.07 at the end of 2023[12] - The total liabilities as of March 31, 2024, were ¥650,553,868.98, compared to ¥637,263,600.57 at the end of 2023, showing an increase of 2.0%[11] - The total liabilities for Q1 2024 were CNY 339,590,825.84, compared to CNY 332,663,416.42 in Q4 2023[23] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 19,601[6] - The top three shareholders held a combined 55.52% of the company's shares, indicating a strong concentration of ownership[7] - Shareholders' equity attributable to shareholders was ¥469,405,118.28, a decrease of 0.38% compared to the end of the previous year[4] - The company's total equity decreased to CNY 315,835,571.98 in Q1 2024 from CNY 320,467,410.35 in Q4 2023[23] Operating Costs and Expenses - Total operating costs for Q1 2024 were ¥176,543,835.70, up from ¥146,283,324.67 in Q1 2023, reflecting a rise of 20.7%[14] - Research and development expenses increased by 29.22%, reflecting the company's commitment to enhancing its R&D efforts[5] - Research and development expenses increased to ¥5,963,856.74 in Q1 2024, compared to ¥4,615,366.94 in Q1 2023, marking a growth of 29.2%[14] - The research and development expenses for Q1 2024 were CNY 2,862,749.63, slightly up from CNY 2,798,336.11 in Q1 2023[24] Inventory and Receivables - Accounts receivable increased to ¥260,092,305.29 in Q1 2024, up from ¥207,640,755.65 in Q4 2023, representing a rise of 25.3%[9] - Inventory levels rose to ¥216,831,627.04 in Q1 2024, compared to ¥180,278,710.34 in Q4 2023, reflecting an increase of 20.2%[10] - The company’s inventory increased to ¥56,459,979.28 from ¥44,178,432.06, reflecting a rise of approximately 27.8% year-over-year[21] Cash and Cash Equivalents - The company's cash and cash equivalents decreased to ¥325,359,422.93 from ¥354,198,727.56, a decline of 8.1%[9] - The cash and cash equivalents at the end of Q1 2024 stood at ¥246,382,754.76, an increase from ¥187,822,002.17 at the beginning of the quarter[20] - The ending balance of cash and cash equivalents as of Q1 2024 was $115,563,469.73, up from $89,479,434.34 in the same period last year, indicating a year-over-year growth of approximately 29%[28] - The beginning balance of cash and cash equivalents for Q1 2024 was $103,154,925.48, which shows an increase from $82,341,307.83 in Q1 2023, reflecting a growth of about 25%[28]