Financial Performance - The company's operating revenue for Q1 2024 was ¥436,683,605.59, representing a 48.18% increase compared to ¥294,688,962.81 in the same period last year[4] - The net loss attributable to shareholders was ¥28,423,015.18, a 195.31% increase from a loss of ¥9,624,752.15 in the previous year[4] - The gross profit margin decreased to -12.2% in Q1 2024 from -10.4% in Q1 2023, indicating a decline in profitability[26] - Net loss for Q1 2024 was CNY 35.93 million, compared to a net loss of CNY 11.38 million in Q1 2023, reflecting a worsening financial performance[26] - The basic and diluted earnings per share for Q1 2024 were both -CNY 0.24, worsening from -CNY 0.08 in Q1 2023[27] Cash Flow - The net cash flow from operating activities decreased by 98.17%, amounting to ¥1,269,678.85 compared to ¥69,450,701.79 in Q1 2023[14] - Cash generated from operating activities was CNY 479.34 million, an increase from CNY 401.59 million in Q1 2023, indicating improved cash flow management[29] - Total cash inflow from operating activities was 493,150,655.14, compared to 438,758,074.82 in the same period last year, reflecting a year-over-year increase of approximately 12.4%[30] - Cash outflow from operating activities totaled 491,880,976.29, up from 369,307,373.03, indicating a rise of about 33.2% year-over-year[30] - The net cash flow from financing activities increased by 251.77% to ¥128,982,791.70, compared to a negative cash flow of ¥84,983,257.43 in the previous year[14] - Cash inflow from financing activities reached 374,428,155.54, compared to 100,138,958.33 in Q1 2023, marking a significant increase of approximately 273.5%[30] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥5,074,619,377.74, a 2.27% increase from ¥4,962,073,198.00 at the end of the previous year[4] - The company reported a total liability of CNY 2.25 billion, up from CNY 2.12 billion year-over-year, reflecting increased financial obligations[26] - Total non-current assets increased to ¥2,438,140,415.41 from ¥2,369,697,886.10, a growth of about 2.9%[23] - Total liabilities increased, with accounts payable decreasing to ¥202,620,147.51 from ¥307,562,845.18, a decline of approximately 34.2%[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 9,357[16] - The company has a significant shareholder, Wang Yayuan, holding 22.50% of shares, totaling 27,000,000 shares[16] - Liang Guohao, another major shareholder, has 15.21% of shares, totaling 18,246,000 shares, with all shares pledged[16] Research and Development - Research and development expenses surged by 182.32% to ¥63,038,923.64, up from ¥22,328,881.44 in the same quarter last year, indicating increased investment in innovation[11] - Research and development expenses surged to CNY 63.04 million, a 182.5% increase from CNY 22.33 million in Q1 2023, highlighting a focus on innovation[26] Inventory and Receivables - Accounts receivable decreased to ¥647,563,790.86 from ¥673,199,499.40, a decline of about 3.8%[23] - Inventory decreased to ¥294,830,353.04 from ¥312,392,337.53, a reduction of approximately 5.6%[23] Accounting Standards - The company has not yet adopted the new accounting standards for the first quarter of 2024, and the report is unaudited[31]
信濠光电(301051) - 2024 Q1 - 季度财报