Libert(SH:605167)2024-04-25 11:27Financial Performance - The company's operating revenue for Q1 2024 was CNY 658,452,180.59, representing a year-on-year increase of 14.21%[5] - The net profit attributable to shareholders for the same period was CNY 39,016,474.80, reflecting a growth of 14.23% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 31,436,024.52, which is an increase of 15.14% year-on-year[5] - The basic earnings per share for Q1 2024 was CNY 0.09, up by 12.50% from the same period last year[5] - Total operating revenue for Q1 2024 reached ¥658,452,180.59, an increase of 14.2% compared to ¥576,528,232.41 in Q1 2023[19] - Net profit for Q1 2024 was ¥39,016,474.80, representing a 14.3% increase from ¥34,155,488.61 in Q1 2023[20] - Basic and diluted earnings per share for Q1 2024 were both ¥0.09, compared to ¥0.08 in Q1 2023[20] Assets and Liabilities - The total assets at the end of Q1 2024 were CNY 2,668,800,664.25, a decrease of 9.06% from the end of the previous year[6] - The total current assets amounted to ¥1,446,686,045.66, a decrease of 15.1% from ¥1,704,458,708.87 on December 31, 2023[15] - Total liabilities decreased to ¥1,446,686,045.66 from ¥1,704,458,708.87, indicating a reduction of 15.1%[16] - The total liabilities decreased to ¥1,026,811,702.56 in Q1 2024 from ¥1,303,461,731.94 in Q1 2023[19] - The total assets as of March 31, 2024, were ¥2,668,800,664.25, down from ¥2,934,676,730.39, a decrease of 9.1%[16] Cash Flow - The net cash flow from operating activities was negative at CNY -203,826,234.11, indicating a significant cash outflow[5] - The net cash flow from operating activities was -$203.83 million, compared to -$45.58 million in the previous year, indicating a significant decline in operational cash generation[22] - Total cash inflow from operating activities amounted to $548.34 million, while cash outflow was $752.17 million, resulting in a net cash outflow of $203.83 million[22] - The ending cash and cash equivalents balance decreased to $300.81 million from $435.04 million, indicating a reduction in liquidity[23] Shareholder Information - The total number of common shareholders at the end of the reporting period was 26,800[10] - The largest shareholder, Shanghai Libote Investment Co., Ltd., held 40.85% of the shares, totaling 183,454,670 shares[11] - The company has repurchased a total of 5,130,000 shares, accounting for 1.14% of the total share capital[14] Investment and Expenses - Research and development expenses in Q1 2024 amounted to ¥15,606,173.66, significantly higher than ¥1,462,305.72 in Q1 2023, indicating a focus on innovation[19] - The company reported a financial expense of ¥1,325,645.01 in Q1 2024, compared to a financial income of -¥63,765.60 in Q1 2023[19] - The company paid $527.97 million for goods and services, which is a substantial increase from $310.44 million in the previous year[22] - The company paid $170.07 million to employees, slightly down from $178.83 million in the previous year, reflecting cost management efforts[22] - The company reported a total tax payment of $31.82 million, down from $52.56 million, indicating a potential reduction in tax liabilities[22] Strategic Focus - The company is focusing on market expansion and new product development strategies to enhance future growth prospects[15] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[19]