Financial Performance - The company's operating revenue for Q1 2024 was ¥8,731,062.51, representing a decrease of 48.01% compared to the same period last year[4] - The net profit attributable to shareholders was -¥12,053,307.83, indicating a significant loss[4] - Total revenue for Q1 2024 was ¥8,731,062.51, a decrease of 48.0% compared to ¥16,792,960.49 in Q1 2023[25] - Net loss for Q1 2024 was ¥12,053,307.83, compared to a net loss of ¥10,953,386.79 in Q1 2023, representing an increase in loss of 10.0%[26] - Basic and diluted earnings per share for Q1 2024 were both -¥0.18, compared to -¥0.22 in Q1 2023[27] Research and Development - Research and development (R&D) expenses totaled ¥14,099,102.97, which is an increase of 38.07% year-on-year, and R&D expenses accounted for 161.48% of operating revenue, up by 100.68 percentage points[5] - Research and development expenses rose to ¥14,099,102.97, up 38.3% from ¥10,211,255.27 in Q1 2023[25] Cash Flow and Liquidity - The net cash flow from operating activities was -¥14,041,515.02, reflecting ongoing financial challenges[5] - Operating cash flow for Q1 2024 was negative at ¥14,041,515.02, an improvement from negative ¥41,006,979.83 in Q1 2023[31] - Cash inflow from investment activities was ¥133,851,222.21, significantly higher than ¥8,007,777.78 in Q1 2023[31] - Cash flow from financing activities decreased to ¥30,000,000.00 in Q1 2024 from ¥61,000,000.00 in Q1 2023[31] - The net cash increase for the first quarter of 2024 was $113,897,434.08, compared to a decrease of $24,540,169.09 in the same period last year[32] - The ending balance of cash and cash equivalents reached $342,595,601.27, significantly up from $35,079,027.98 year-over-year[32] - The total cash outflow from financing activities was $16,234,923.49, down from $39,803,629.59 in the previous year[32] - The net cash flow generated from financing activities was $13,765,076.51, compared to $21,196,370.41 in the prior year[32] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,284,124,686.41, a decrease of 2.00% from the previous year[5] - The total assets of the company as of March 31, 2024, were ¥1,284,124,686.41, a slight decrease from ¥1,310,354,539.17 as of December 31, 2023[20] - Total current assets amounted to ¥825,081,343.45, down from ¥876,467,270.86, indicating a decrease of approximately 5.9%[20] - Total liabilities decreased to ¥199,538,216.26 from ¥214,042,428.47, reflecting a reduction of about 6.8%[22] - The company's total equity as of March 31, 2024, was ¥1,084,586,470.15, down from ¥1,096,312,110.70, a decrease of approximately 1.1%[22] - The company’s retained earnings decreased to ¥203,292,768.61 from ¥215,346,076.44, a decline of about 5.6%[22] - The company’s short-term borrowings increased to ¥105,560,270.81 from ¥90,264,549.97, representing an increase of approximately 17.0%[21] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 8,584[12] - The top shareholder, Jiang Mingwu, holds 20.44% of the shares, totaling 13,492,554 shares[12] Inventory and Expenses - The company reported a decrease in inventory to ¥51,746,669.30 from ¥44,745,280.46, which is an increase of about 15.6%[19] - Total operating costs increased to ¥35,258,619.81, up 2.0% from ¥34,575,401.03 in the same period last year[25] - Sales expenses increased to ¥12,451,527.19, up 10.8% from ¥11,236,283.81 in the previous year[25] - Other income for Q1 2024 was ¥2,674,415.97, down from ¥3,065,959.19 in Q1 2023[26] Investment Income - The company reported an increase in investment income by 44,078.74%, attributed to higher returns from financial investments[10] - The company experienced a 49.80% increase in cash and cash equivalents due to the redemption of short-term investments[10] - As of March 31, 2024, the company's cash and cash equivalents increased to ¥342,595,601.27 from ¥228,698,167.19 as of December 31, 2023, representing a growth of approximately 49.8%[19]
光格科技(688450) - 2024 Q1 - 季度财报