Financial Performance - The company's revenue for Q1 2024 was CNY 59,088,252.46, representing a 24.00% increase compared to CNY 47,651,944.85 in the same period last year[5] - Net profit attributable to shareholders decreased by 7.49% to CNY 17,807,996.94 from CNY 19,250,395.97 year-on-year[5] - Basic and diluted earnings per share for Q1 2024 were both ¥0.06, down from ¥0.07 in Q1 2023[22] - Net profit for Q1 2024 was ¥17,807,996.94, a decrease of 7.5% from ¥19,250,395.97 in Q1 2023[21] - Operating costs for Q1 2024 were ¥39,976,565.58, up 65.0% from ¥24,223,142.20 in the same period last year[19] Cash Flow - The net cash flow from operating activities fell by 43.01% to CNY 16,973,199.25, down from CNY 29,782,258.63 in the previous year[5] - The net cash flow from operating activities for the current period is ¥16,973,199.25, a decrease of 43% compared to ¥29,782,258.63 in the previous period[23] - Cash inflow from investment activities totaled ¥73,818,344.89, down 67.8% from ¥229,140,257.78 in the previous period[23] - The net cash flow from investment activities is ¥16,116,854.84, a significant improvement from a negative cash flow of -¥46,307,289.13 in the previous period[25] - The net cash flow from financing activities is -¥7,383,495.27, worsening from -¥3,686,206.87 in the previous period[25] Assets and Liabilities - Total assets increased by 0.70% to CNY 2,323,181,702.71 compared to CNY 2,307,068,843.19 at the end of the previous year[5] - Total liabilities increased to ¥163,237,024.72 in Q1 2024, compared to ¥73,949,846.13 in Q1 2023[18] - The company's cash and cash equivalents at the end of the reporting period amount to ¥1,902,124,161.99, slightly down from ¥1,904,116,316.66 at the beginning of the period[16] Shareholder Information - Total number of common shareholders at the end of the reporting period is 26,127[12] - The largest shareholder, Longyang International Co., holds 69.04% of shares, totaling 195,722,953 shares[12] - The top ten shareholders hold a significant portion of shares, with the first two shareholders alone accounting for over 71% of total shares[12] - The company has a total of 576,093 shares held in the repurchase special securities account, accounting for 0.20% of the total share capital[13] Operating Costs and Expenses - Operating costs rose by 40.02% to CNY 35,635,904.90, primarily due to increased business volume[9] - Research and development expenses for Q1 2024 were ¥6,759,752.13, an increase of 14.1% from ¥5,925,979.86 in Q1 2023[19] - The cash paid to employees increased to ¥15,433,796.88, up 68.2% from ¥9,177,158.56 in the previous period[23] - The cash paid for taxes decreased significantly to ¥5,723,645.65, down 70.1% from ¥19,694,384.12 in the previous period[23] Other Financial Metrics - The company reported a significant increase in prepayments, rising by 197.53% to CNY 2,102,362.62 due to increased material payments[9] - The company's short-term borrowings increased by 51.57% to CNY 4,548,242.72, reflecting a rise in financing needs[9] - Other comprehensive income for Q1 2024 was reported at -¥1,569,469.52, compared to a positive ¥216,432.03 in Q1 2023[21] - Total current assets decreased from ¥2,082,737,110.63 to ¥2,075,919,299.60, a decline of approximately 0.86%[16] - Inventory increased from ¥41,951,228.25 to ¥44,910,259.54, representing a growth of about 6.9%[16] - Fixed assets rose significantly from ¥79,638,173.66 to ¥151,632,277.50, an increase of approximately 90.4%[16]
隆扬电子(301389) - 2024 Q1 - 季度财报