Financial Performance - The company's revenue for Q1 2024 was ¥162,958,440.50, representing a 13.95% increase compared to ¥143,011,877.59 in the same period last year[5] - The net loss attributable to shareholders decreased to ¥5,078,063.53, a 57.26% improvement from a loss of ¥11,880,613.24 in the previous year[5] - The net profit excluding non-recurring gains and losses was -¥7,649,200.93, showing a 65.41% improvement from -¥22,113,399.09 in the same period last year[5] - The weighted average return on net assets improved to -0.39% from -0.85% year-on-year[5] - The company reported a net profit margin of approximately -3.0% for Q1 2024, compared to -26.3% in the previous year, indicating an improvement in profitability[24] - The net profit for Q1 2024 was -5,875,536.32 CNY, compared to -12,782,853.07 CNY in Q1 2023, indicating an improvement of approximately 54% year-over-year[26] - Operating profit for Q1 2024 was -4,371,907.30 CNY, an improvement from -17,138,157.47 CNY in the same period last year[26] - The total comprehensive income for Q1 2024 was -5,824,332.56 CNY, compared to -12,861,546.41 CNY in Q1 2023, reflecting a year-over-year improvement of approximately 54.7%[27] - Basic and diluted earnings per share for Q1 2024 were both -0.07 CNY, an improvement from -0.16 CNY in Q1 2023[27] Cash Flow and Assets - The net cash flow from operating activities was negative at ¥3,588,307.01, a decline of 104.10% compared to a positive cash flow of ¥87,414,393.10 in Q1 2023[5] - Cash and cash equivalents at the end of Q1 2024 were CNY 256,573,017.30, down from CNY 301,005,701.29 at the beginning of the period, a decrease of 14.8%[21] - Cash flow from operating activities showed a net outflow of -3,588,307.01 CNY, a significant decrease compared to a net inflow of 87,414,393.10 CNY in the previous year[28] - The company reported a net cash outflow from investing activities of -35,541,831.02 CNY in Q1 2024, compared to -103,095,806.63 CNY in the previous year[30] - Cash and cash equivalents at the end of Q1 2024 were 254,442,930.68 CNY, down from 188,063,894.72 CNY at the end of Q1 2023[30] Assets and Liabilities - Total assets increased by 1.08% to ¥1,629,659,059.81 from ¥1,612,270,071.77 at the end of the previous year[5] - Total liabilities remained relatively stable at CNY 277,083,896.56 compared to CNY 276,865,927.16, showing a slight increase of 0.1%[23] - The company's inventory increased to CNY 80,805,501.27 from CNY 79,116,331.76, a rise of 2.1%[21] - The total equity attributable to shareholders decreased to CNY 1,315,446,373.43 from CNY 1,321,483,976.34, a decline of 0.5%[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 10,157[13] - Shenzhen Jiebang Holdings holds 55.41% of shares, amounting to 40,000,000 shares[13] - The company has extended the lock-up period for 40,000,000 shares held by Shenzhen Jiebang Holdings until March 21, 2026[16] - Guangzhou Jun Cheng Investment Development Co., Ltd. had 2,857,143 shares released from lock-up, resulting in zero locked shares[16] - The company has a total of 50,000,000 shares under lock-up at the beginning of the period, with 4,920,635 shares released during the period[16] - The company’s major shareholders include Shenzhen Jiebang Holdings, Shenzhen Jiebang Investment Partnership, and Guangzhou Jun Cheng Investment Development Co., Ltd.[14] Mergers and Acquisitions - The company acquired 55% equity in Stable Industry (Shanghai) Co., Ltd. as of January 17, 2024[17] Financial Expenses and Subsidies - The financial expenses decreased by 110.06%, resulting in a cost of -¥821,740.15, primarily due to changes in exchange gains and losses[11] - The company recorded a government subsidy of ¥460,348.24, which was a 95.27% decrease compared to the previous year's amount of ¥9,730,285.23[11] Operating Costs and Revenue - Total operating revenue for Q1 2024 was CNY 162,958,440.50, an increase of 14.0% compared to CNY 143,011,877.59 in the same period last year[24] - Total operating costs decreased to CNY 169,275,322.07 from CNY 180,662,691.41, reflecting a reduction of 6.5% year-over-year[24] - Total revenue from operating activities decreased to 196,232,096.51 CNY in Q1 2024, down from 296,668,876.81 CNY in Q1 2023, representing a decline of about 33.8%[28] Research and Development - The company’s R&D expenses for Q1 2024 were CNY 12,761,759.88, down from CNY 14,357,872.26, a decrease of 11.1% year-over-year[24] Share Repurchase Plan - The company plans to repurchase shares with a budget between RMB 20 million and RMB 40 million, with a maximum repurchase price of RMB 40.00 per share[18] - As of March 31, 2024, the company has repurchased 42,600 shares, accounting for 0.06% of the total share capital[18] - The highest repurchase price was RMB 24.19 per share, and the lowest was RMB 23.41 per share, totaling RMB 1,010,623.07 spent[18] Employee Incentives - The company plans to implement a stock option incentive plan as approved in the board meeting on March 29, 2024, to enhance employee motivation and retention[19]
捷邦科技(301326) - 2024 Q1 - 季度财报