ZYGF(SZ:300018)2024-04-25 08:55Revenue and Profit - The company's revenue for Q1 2024 was ¥81,495,556.04, representing a 16.92% increase compared to ¥69,700,682.43 in the same period last year[4]. - Net profit attributable to shareholders decreased by 30.32% to ¥8,971,750.77 from ¥12,876,321.80 year-on-year[4]. - The total profit amounted to ¥10,516,511.67, a year-on-year decrease of 27.88%[18]. - The company's net profit for Q1 2024 was CNY 9,415,105.72, a decrease of 26.5% compared to CNY 12,870,802.74 in Q1 2023[27]. - Operating profit for Q1 2024 was CNY 10,098,601.85, down 29.5% from CNY 14,354,549.42 in the same period last year[27]. - Earnings per share (EPS) for Q1 2024 was CNY 0.02, compared to CNY 0.03 in Q1 2023, reflecting a 33.3% decrease[28]. Cash Flow and Investments - Operating cash flow improved significantly, reaching ¥23,886,012.17, a 158.28% increase from a negative cash flow of ¥40,982,882.49 in the previous year[4]. - Cash received from sales increased by 70.92% to ¥146,625,531.68, indicating strong sales performance[11]. - Cash flow from operating activities generated a net cash inflow of CNY 23,886,012.17, a significant improvement from a net outflow of CNY 40,982,882.49 in Q1 2023[31]. - The company recorded investment cash inflows of CNY 179,592,521.79 in Q1 2024, down from CNY 664,966,872.85 in Q1 2023[31]. Operating Costs and Expenses - Operating costs for Q1 2024 increased by 48.37% to ¥48,852,116.88 compared to the same period last year, primarily due to losses from a subsidiary[9]. - Total operating costs amounted to ¥73,877,141.82, up 18.1% from ¥62,558,499.17 in the prior year[26]. - Operating costs included ¥48,852,116.88 in cost of goods sold, which rose significantly from ¥32,926,253.07[26]. - Research and development expenses were ¥12,779,746.71, a decrease of 10.6% from ¥14,302,094.26 in the previous period[26]. Assets and Liabilities - Total assets at the end of Q1 2024 were ¥1,427,244,628.87, a decrease of 0.80% from ¥1,438,684,571.41 at the end of the previous year[4]. - Total liabilities decreased to ¥159,364,313.22 from ¥181,484,569.80, a reduction of 12.2%[25]. - The company’s equity attributable to shareholders rose to ¥1,235,967,632.46 from ¥1,225,730,673.36, an increase of 0.2%[25]. Government Support and Subsidies - The company received government subsidies amounting to ¥433,780.56, an increase of 89.90% year-on-year[10]. Market Performance and Strategy - The company signed contracts totaling ¥155,000,600, reflecting a year-on-year growth of 29.97%[19]. - New product contracts, including the next-generation intelligent fault recording device, showed strong growth[19]. - The company maintained its market leadership in core products, winning several key projects in high-voltage transmission engineering[19]. - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[24]. Stock and Incentive Plans - The company plans to grant 11.5 million restricted stocks to 105 eligible incentive recipients as part of its stock incentive plan[21]. - The company implemented a stock incentive plan with an additional expense of ¥1,265,200 during the reporting period[18]. Investment Income and Losses - Investment income for Q1 2024 decreased by 74.02% to ¥764,284.14, attributed to fewer structured deposit products maturing compared to the previous year[9]. - The company reported a fair value change loss of ¥1,487,000 from invested funds, compared to a gain of ¥1,085,100 in the previous year[18]. - The company incurred a decrease of ¥1,571,800 in income from structured deposit financial products due to untimely settlements[18]. Foreign Exchange and Other Losses - The company experienced a foreign exchange loss of CNY 1,285,656.31 in Q1 2024, contrasting with a gain of CNY 1,208,782.79 in Q1 2023[27].