Financial Performance - Operating revenue increased by 36.79% to CNY 139,437,088.24 for the first quarter of 2024 compared to the same period last year[10] - Net profit attributable to shareholders rose by 65.71% to CNY 13,229,682.72 year-on-year[10] - Net profit rose by 68.12% to 13,116,555.37, driven by increased operating revenue and government subsidies[13] - Total revenue for Q1 2024 reached ¥139,437,088.24, a significant increase from ¥101,931,621.51 in Q1 2023, representing a growth of approximately 36.7%[33] - The net profit for Q1 2024 reached ¥17,304,568.07, a 35.4% increase from ¥12,828,448.28 in Q1 2023[36] - Total profit for Q1 2024 was ¥19,683,762.01, an increase of 33.3% from ¥14,759,013.69 in Q1 2023[35] Cash Flow - Cash flow from operating activities showed a significant decline of 226.12%, resulting in a net outflow of CNY 32,807,135.93[10] - Cash flow from operating activities decreased by 226.12% to -32,807,135.93, attributed to a rise in accounts payable and a decrease in cash received from customers[13] - The net cash flow from operating activities for Q1 2024 was -34,099,707.96 CNY, compared to -7,164,545.64 CNY in Q1 2023, indicating a significant decline in operational cash flow[39] - Total cash inflow from operating activities was 115,086,541.49 CNY, slightly up from 114,671,843.98 CNY in the previous year[39] - Cash outflow from operating activities increased to 149,186,249.45 CNY from 121,836,389.62 CNY, reflecting higher operational costs[40] Assets and Liabilities - Total assets decreased by 10.31% to CNY 616,712,846.93 compared to the end of the previous year[10] - Current assets totaled CNY 330,797,183.65, down from CNY 414,903,416.04, indicating a decrease of about 20.3%[27] - Total liabilities decreased to CNY 203,346,944.30 from CNY 281,512,295.26, representing a reduction of approximately 27.8%[29] - The company's cash and cash equivalents were CNY 54,668,013.73, compared to CNY 183,491,431.19, showing a significant decline of about 70.2%[27] - Accounts receivable stood at CNY 121,484,681.01, slightly down from CNY 127,208,699.14, a decrease of approximately 4.3%[27] Shareholder Information - The total number of ordinary shares is 64,815,000, with 5,007 shareholders[17] - The largest shareholder, Zhao Guoyi, holds 35.49% of the shares, totaling 23,002,772[18] - There are no pledged or judicially frozen shares among the top shareholders[20] Research and Development - Research and development expenses surged by 90.10% to CNY 6,412,398.02, reflecting increased investment in innovation[12] - Research and development expenses rose to ¥6,412,398.02 in Q1 2024, compared to ¥3,373,195.91 in Q1 2023, reflecting an increase of approximately 89.9%[33] - Research and development expenses increased to ¥5,227,539.23 in Q1 2024, up from ¥3,373,195.91 in Q1 2023, indicating a focus on innovation[35] Financial Ratios - The weighted average return on net assets based on net profit attributable to shareholders increased to 3.22% from 2.05%[10] - The company's debt-to-asset ratio decreased to 32.97% from 40.94% year-on-year, indicating improved financial stability[10] Legal and Compliance - The company has not faced any litigation or arbitration matters during the reporting period, indicating a stable legal standing[22] - The company has fulfilled its commitments regarding daily related transactions and external guarantees in a timely manner, ensuring compliance with internal procedures[22] Operational Efficiency - Operating income decreased by 71.38% to 20,335.91 due to a reduction in non-recurring business income compared to the previous period[13] - Operating expenses increased by 475.02% to 185,939.27, primarily due to an increase in inventory write-offs[13] - Operating profit for Q1 2024 was ¥19,849,332.54, an increase from ¥14,720,296.40 in Q1 2023, reflecting improved operational efficiency[35] - The company reported a decrease in sales expenses to ¥8,010,691.03 in Q1 2024 from ¥7,809,639.41 in Q1 2023, indicating better cost management[35] Investment Activities - Cash flow from investing activities decreased by 9.48% to -88,755,962.55, mainly due to increased expenditures on fixed assets and long-term assets[13] - The net cash flow from investing activities was -63,382,177.68 CNY in Q1 2024, an improvement from -106,060,272.81 CNY in Q1 2023[40] - Cash inflow from investing activities totaled 10,031,363.32 CNY, down from 21,013,428.31 CNY year-over-year[40] - Cash outflow from investing activities decreased to 73,413,541.00 CNY from 127,073,701.12 CNY, indicating reduced investment expenditures[40]
柏星龙(833075) - 2024 Q1 - 季度财报