Financial Performance - Revenue for Q1 2024 reached ¥138,329,770.23, an increase of 36.64% compared to ¥101,238,605.36 in the same period last year[5] - Net profit attributable to shareholders was -¥5,053,261.90, a decrease of 156.42% from ¥8,955,999.29 in Q1 2023[5] - The net profit for Q1 2024 was a loss of ¥8,719,489.58, compared to a profit of ¥8,955,999.29 in Q1 2023, indicating a significant decline in profitability[17] - Basic earnings per share for Q1 2024 were -¥0.0499, down from ¥0.1237 in the same period last year[18] Cash Flow - Cash flow from operating activities showed a net outflow of -¥59,593,772.76, worsening by 168.87% compared to -¥22,164,219.83 in the previous year[5] - The cash inflow from operating activities totaled $106,035,289.32, an increase of 38.7% compared to $76,436,237.98 in the previous period[19] - The net cash outflow from operating activities was $59,593,772.76, worsening from a net outflow of $22,164,219.83 in the previous period[19] - The ending balance of cash and cash equivalents was $34,933,831.06, down from $153,013,364.57 in the previous period[20] - The company received $97,000,000.00 in borrowings, an increase from $54,100,000.00 in the previous period[20] - The company paid $50,600,000.00 in debt repayments, significantly higher than $9,800,000.00 in the previous period[20] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥1,057,242,397.65, a decrease of 1.13% from ¥1,069,306,849.69 at the end of the previous year[5] - Non-current assets totaled ¥756,423,315.55, slightly down from ¥759,837,345.15 in the previous quarter[14] - Total liabilities amounted to ¥406,394,699.69, showing a marginal decrease from ¥407,167,346.50 in the previous quarter[14] - Total current assets decreased from ¥309,469,504.54 to ¥300,819,082.10, a decline of about 3%[12] Accounts Receivable and Inventory - The company reported an increase in accounts receivable by 82.91%, reaching ¥73,300,405.39 due to higher sales and reduced collections[7] - Accounts receivable increased significantly from ¥40,074,335.78 to ¥73,300,405.39, indicating an increase of about 83%[12] - Inventory decreased slightly from ¥124,683,905.66 to ¥122,192,014.76, a reduction of approximately 2%[12] Research and Development - The company’s R&D expenses increased by 52.84% to ¥10,636,836.73, reflecting higher personnel costs and direct investments in ongoing projects[8] - The company reported a significant increase in research and development expenses, which reached ¥10,636,836.73, up 53.5% from ¥6,959,579.94 in Q1 2023[15] Operating Costs - The gross profit margin decreased significantly due to a 52.66% rise in operating costs, which totaled ¥109,270,127.65 for the quarter[8] - Total operating costs rose to ¥145,931,404.22, up 60.9% from ¥90,711,552.06 in the previous year, with operating costs specifically increasing by 52.6% to ¥109,270,127.65[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,988[10] - The company reported a total of 365,200 shares held in the repurchase special securities account, accounting for 0.36% of total shares[11] - The top ten unrestricted shareholders include Nanjing Giant Stone Venture Capital with 2,213,100 shares, representing a significant stake[11] - The company has not disclosed any changes in the shareholding structure of the top ten shareholders due to transfer or lending activities[11] - The company did not report any changes in preferred shareholders or restricted shares during the quarter[12] Strategic Outlook - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the report[17] - The company has plans for future growth strategies, including potential mergers and acquisitions, to strengthen its market position[17] - There are no significant new strategies or product developments mentioned in the report[12] Other Current Assets - The company has a total of 57,720,340.39 in other current assets, showing stability in this category[12] - Long-term deferred expenses surged by 348.85% to ¥18,194,213.41, primarily due to increased renovation costs for the new plant[8]
腾亚精工(301125) - 2024 Q1 - 季度财报