Actions(SH:688049)2024-04-25 11:14Financial Performance - The company's operating revenue for Q1 2024 reached ¥118,466,547.50, representing a year-on-year increase of 45.48%[5] - The net profit attributable to shareholders, excluding non-recurring gains and losses, was ¥5,469,494.99, a significant increase of 944.28% compared to the same period last year[5] - Total operating revenue for Q1 2024 reached ¥118,466,547.50, a significant increase of 45.5% compared to ¥81,429,197.36 in Q1 2023[20] - Net profit for Q1 2024 was ¥8,534,610.54, compared to ¥8,008,801.59 in Q1 2023, indicating a growth of 6.5%[21] - The company reported a total comprehensive income of ¥8,662,584.44 for Q1 2024, compared to ¥6,969,506.84 in Q1 2023, reflecting an increase of 24.3%[22] Profitability and Margins - The comprehensive gross profit margin for the period was 45.42%, an increase of 4.42 percentage points year-on-year, driven by a higher sales proportion of high-margin products[6] - The weighted average return on net assets was 0.47%, reflecting a slight increase of 0.02 percentage points[6] Research and Development - Research and development (R&D) expenses totaled ¥44,996,040.06, up 38.02% year-on-year, reflecting the company's commitment to technological innovation and product iteration[6] - Research and development expenses for Q1 2024 amounted to ¥44,996,040.06, an increase of 38.2% from ¥32,601,292.87 in Q1 2023[21] Cash Flow and Liquidity - The net cash flow from operating activities was ¥10,062,862.33, a decrease of 67.04% year-on-year, primarily due to reduced cash receipts compared to the previous year[6] - In Q1 2024, the net cash flow from operating activities was $10,062,862.33, a decrease of 67.0% compared to $30,533,157.20 in Q1 2023[25] - Total cash inflow from operating activities in Q1 2024 was $143,274,366.22, down 11.1% from $161,227,806.97 in Q1 2023[25] - Cash outflow from operating activities in Q1 2024 was $133,211,503.89, an increase of 1.2% compared to $130,694,649.77 in Q1 2023[25] - The cash and cash equivalents at the end of Q1 2024 were $144,247,663.09, down from $160,389,171.73 at the end of Q1 2023[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,903,004,475.86, a decrease of 1.22% from the end of the previous year[6] - The total assets as of Q1 2024 were ¥1,903,004,475.86, slightly down from ¥1,926,597,146.57 at the end of Q1 2023[17] - Total liabilities for Q1 2024 were ¥115,305,036.40, a decrease from ¥116,889,429.52 in Q1 2023[17] - The company's total equity as of Q1 2024 was ¥1,787,699,439.46, down from ¥1,809,707,717.05 in Q1 2023[17] Shareholder Information - Total number of common shareholders at the end of the reporting period is 11,222[12] - The largest shareholder, Zhuhai Ruisheng Investment Partnership, holds 28,223,600 shares, representing 23.13% of total shares[12] - As of March 31, 2024, the company has repurchased a total of 1,317,978 shares, accounting for 1.080% of total share capital[14] - The total amount spent on share repurchases is approximately RMB 32.25 million, with a maximum repurchase price of RMB 34.99 per share[14] Future Plans and Market Strategy - The company emphasized the growth in revenue from Bluetooth speakers and low-latency high-quality wireless audio products, which contributed significantly to the overall revenue increase[6] - The company plans to continue enhancing its product offerings and expanding its market presence, particularly in the wireless audio segment[6] - The company plans to use raised funds for share repurchase, with a total budget between RMB 26.5 million and RMB 53 million[14] Investment Activities - Cash flow from investment activities in Q1 2024 was $18,128,276.22, a significant improvement from -$127,779,242.09 in Q1 2023[25] - Cash inflow from investment activities in Q1 2024 totaled $288,107,171.14, down 37.0% from $456,206,894.29 in Q1 2023[25] - Cash outflow from investment activities in Q1 2024 was $269,978,894.92, a decrease of 53.8% compared to $583,986,136.38 in Q1 2023[25] Tax and Other Income - The company received $4,805,112.28 in tax refunds in Q1 2024, an increase of 39.4% from $3,444,436.90 in Q1 2023[25] - Other comprehensive income for Q1 2024 was ¥127,973.90, recovering from a loss of ¥1,039,294.75 in Q1 2023[22]