Financial Performance - The company's revenue for Q1 2024 was CNY 149,446,049.96, a decrease of 6.78% compared to CNY 160,315,364.24 in the same period last year[4] - Net profit attributable to shareholders was CNY 15,214,215.02, down 9.75% from CNY 16,857,684.91 year-on-year[4] - The basic and diluted earnings per share were both CNY 0.15, reflecting an 11.76% decline from CNY 0.17 in the previous year[4] - Total operating revenue for the current period is CNY 149,446,049.96, a decrease of 6.4% from CNY 160,315,364.24 in the previous period[17] - Net profit for the current period is CNY 14,172,341.35, down 11.5% from CNY 15,901,956.60 in the previous period[18] - Total profit for the current period is CNY 18,388,404.83, down 4.0% from CNY 20,207,366.45 in the previous period[18] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,327,904,919.92, a decrease of 1.89% from CNY 1,353,476,384.29 at the end of the previous year[4] - As of March 31, 2024, the company's total assets amounted to CNY 1,327,904,919.92, a decrease from CNY 1,353,476,384.29 at the beginning of the period[15] - Total current liabilities decreased to CNY 243,328,984.36 from CNY 275,438,914.09, a reduction of approximately 11.7%[15] - The company's inventory decreased to CNY 118,795,676.62 from CNY 120,907,573.01, a decline of approximately 1.8%[14] - The company's non-current assets totaled CNY 522,591,053.08, up from CNY 510,313,400.02, reflecting an increase of about 2.5%[15] - The company reported a decrease in accounts payable to CNY 101,475,784.01 from CNY 83,187,534.60, an increase of approximately 21.9%[15] Cash Flow - The company's cash flow from operating activities showed a slight improvement, with a net cash outflow of CNY 32,060,203.94, compared to CNY 32,418,884.40 in the same period last year, representing a 1.11% improvement[4] - Cash flow from operating activities resulted in a net outflow of CNY -32,060,203.94, slightly improved from CNY -32,418,884.40 in the previous period[19] - Cash flow from investment activities generated a net inflow of CNY 54,100,572.76, compared to a net outflow of CNY -87,773,453.19 previously[19] - The company reported a cash and cash equivalents balance of CNY 483,863,440.76 at the end of the period, an increase from CNY 401,281,640.39[20] - The company's cash and cash equivalents increased to CNY 501,898,749.17 from CNY 493,052,240.16, reflecting a growth of approximately 1.7%[14] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 10,820[10] - The largest shareholder, Zheng Jingmin, holds 42.37% of the shares, amounting to 42,374,000 shares[10] Research and Development - Research and development expenses increased by 33.65%, indicating a higher investment in product development[8] - Research and development expenses increased significantly to CNY 10,683,162.51, up 33.5% from CNY 7,993,496.01[17] Equity and Retained Earnings - The company's total equity attributable to shareholders reached CNY 947,937,293.93, compared to CNY 940,809,961.38 at the start of the period, showing a slight increase of about 0.2%[16] - The company’s retained earnings increased to CNY 279,486,700.37 from CNY 264,272,485.35, reflecting a growth of about 5.7%[16] Other Income - The company reported a significant increase in other income, up 314.26%, primarily due to increased government subsidies received by subsidiaries[8] - The company received CNY 79,999,000.00 from investment recoveries during the current period[19] Return on Equity - The weighted average return on equity decreased to 1.60%, down from 1.84% in the previous year[4]
农心科技(001231) - 2024 Q1 - 季度财报