Financial Performance - Net profit attributable to shareholders decreased by 53.51% to CNY 5,243,591.49, down from CNY 11,277,845.10 in the same period last year[11]. - Operating income increased by 12.65% to CNY 34,763,603.62 compared to CNY 30,858,777.61 in the previous year[11]. - The net profit for the first quarter of 2024 was CNY 5,243,591.49, a decrease of 53.5% compared to CNY 11,277,845.10 in the same period of 2023[37]. - The total profit for the first quarter of 2024 was CNY 5,893,026.51, a decrease of 54.4% compared to CNY 12,951,797.81 in the same period of 2023[37]. - The operating profit for the first quarter of 2024 was CNY 5,908,366.60, a decrease of 54.3% from CNY 12,941,797.17 in the first quarter of 2023[37]. - The basic and diluted earnings per share for the first quarter of 2024 were both CNY 0.12, down from CNY 0.25 in the first quarter of 2023[38]. - The company recorded other income of CNY 1,878,263.51 in the first quarter of 2024, a significant decrease from CNY 10,148,470.81 in the first quarter of 2023[39]. Assets and Liabilities - Total assets decreased by 4.01% to CNY 351,020,608.57 compared to the end of last year[11]. - The company's total assets decreased from ¥365,669,247.90 as of December 31, 2023, to ¥351,020,608.57 as of March 31, 2024, a decline of approximately 4.03%[31]. - Total liabilities decreased from ¥54,298,553.90 to ¥34,406,323.08, a reduction of about 36.67%[31]. - The company's asset-liability ratio decreased to 9.80% from 14.85% year-on-year, reflecting improved financial stability[11]. - Total current assets decreased to 252,032,902.52 yuan from 266,459,056.25 yuan[29]. - The company reported a significant reduction in accounts payable from ¥29,116,661.52 to ¥18,284,170.78, a decrease of approximately 37.14%[30]. Cash Flow - Cash flow from operating activities improved by 48.41%, with a net cash outflow of CNY -1,339,383.24, compared to CNY -2,596,072.99 last year[11]. - The cash flow from operating activities for the first quarter of 2024 was negative CNY 1,339,383.24, an improvement from negative CNY 2,596,072.99 in the first quarter of 2023[41]. - Cash inflow from operating activities totaled 30,071,796.50 CNY, while cash outflow was 31,411,187.97 CNY, resulting in a net cash outflow of 1,339,391.47 CNY[46]. - The net cash flow from investment activities was -8,400,863.67 CNY, compared to -26,739,499.10 CNY in the same period last year[46]. - Total cash and cash equivalents at the end of Q1 2024 were 81,336,064.42 CNY, down from 120,009,302.20 CNY at the end of Q1 2023[46]. - The company experienced a decrease in cash and cash equivalents by 9,740,246.91 CNY in Q1 2024[46]. Research and Development - Research and development expenses increased by 33.16% to CNY 2,207,849.64, indicating a focus on innovation[13]. - Research and development expenses for Q1 2024 were ¥2,207,849.64, compared to ¥1,658,087.99 in Q1 2023, reflecting an increase of about 33.10%[35]. Shareholder Information - Total outstanding shares amount to 44,819,000, with 25.02% being unrestricted shares and 74.98% being restricted shares[18]. - The largest shareholder, Xu Honglin, holds 18,988,500 shares, representing 42.37% of total shares[20]. - The total number of shareholders holding ordinary shares is 4,011[18]. - There are no pledged or frozen shares among the top shareholders[21]. - The company has not engaged in any share buyback activities during the reporting period[21]. Other Financial Metrics - Non-recurring gains and losses totaled CNY 270,233.94 after tax, reflecting various income adjustments[16]. - The company reported a significant increase in credit impairment losses by 7368.85% to CNY 178,775.19, attributed to the reversal of bad debt provisions[13]. - Cash received from sales increased by 40.72% to CNY 28,365,618.84, driven by improved collection from sales[13]. - Daily related transactions for purchasing raw materials and services are estimated at 6,000,000 yuan, with actual expenses of 1,099,529.21 yuan[24]. - The company has committed to ongoing obligations without any violations reported[24].
九菱科技(873305) - 2024 Q1 - 季度财报