Lianming(SH:603006)2024-04-25 08:27Financial Performance - The company's operating revenue for Q1 2024 was ¥170,360,421.21, representing a decrease of 28.70% compared to the same period last year[5]. - The net profit attributable to shareholders for Q1 2024 was ¥13,795,540.86, down 49.38% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥9,999,923.97, a decline of 50.67% compared to the previous year[5]. - Basic and diluted earnings per share for Q1 2024 were both ¥0.05, down 54.55% from the same period last year[5]. - Net profit for Q1 2024 was ¥12,530,178.36, a decline of 56.4% from ¥28,790,010.99 in Q1 2023[21]. - Basic and diluted earnings per share for Q1 2024 were both ¥0.05, compared to ¥0.11 in Q1 2023[21]. Cash Flow and Assets - The net cash flow from operating activities was ¥3,697,048.62, reflecting a significant decrease of 92.12% year-on-year[5]. - Cash flow from operating activities for Q1 2024 was ¥3,697,048.62, significantly lower than ¥46,931,714.27 in Q1 2023[23]. - Cash flow from investing activities generated a net inflow of ¥43,121,850.15 in Q1 2024, compared to ¥9,185,969.68 in Q1 2023[24]. - The company reported cash and cash equivalents of ¥540,643,327.46 at the end of Q1 2024, up from ¥442,494,733.13 at the end of Q1 2023[24]. - The company's cash and cash equivalents increased to RMB 560,012,813.84 from RMB 510,270,041.96, representing a growth of about 9.8%[16]. Liabilities and Equity - Total current liabilities decreased to RMB 427,510,520.83 from RMB 490,637,445.41, a decline of approximately 12.9%[18]. - The company's total liabilities decreased to RMB 475,079,171.82 from RMB 539,933,027.85, reflecting a reduction of about 12%[18]. - The equity attributable to shareholders increased to RMB 1,460,731,603.52 from RMB 1,446,936,062.66, marking a growth of approximately 0.9%[18]. Asset Changes - Total assets at the end of the reporting period were ¥2,203,965,272.00, down 2.32% from the end of the previous year[5]. - As of March 31, 2024, the company's total assets amounted to RMB 2,203,965,272, a decrease from RMB 2,256,288,949.67 at the end of 2023, reflecting a decline of approximately 2.3%[16]. - Accounts receivable decreased to RMB 254,350,342.87 from RMB 347,748,028.23, indicating a reduction of approximately 26.9%[16]. - The company's inventory rose to RMB 320,289,616.09 from RMB 311,502,273.92, showing an increase of about 2.5%[16]. - The company reported a significant increase in credit impairment losses, with a rise of 838.23% due to increased provisions for other receivables and accounts receivable[9]. Expenses - Total operating costs for Q1 2024 were ¥158,715,790.58, down 25.4% from ¥212,759,764.52 in Q1 2023[20]. - Research and development expenses for Q1 2024 were ¥7,130,301.04, a decrease of 16.9% from ¥8,578,300.40 in Q1 2023[20]. - The company experienced a decrease in sales expenses, which were ¥2,570,358.49 in Q1 2024, down from ¥3,387,113.23 in Q1 2023[20]. Other Income and Changes - The company received government subsidies that contributed to other income, which increased by 53.62% compared to the previous year[9]. - The company reported a financial asset impairment loss of ¥1,618,022.87 in Q1 2024, compared to ¥1,497,921.27 in Q1 2023[20]. - The company has not reported any significant changes in its major shareholders or their participation in financing activities during the reporting period[13]. - The total number of ordinary shareholders at the end of the reporting period was 16,644[12].