Financial Performance - Operating revenue for Q1 2024 was CNY 85,681,307.95, representing a 16.33% increase year-on-year[11] - Net profit attributable to shareholders decreased by 67.18% to CNY 5,613,390.44 compared to the same period last year[11] - The company reported a significant decrease in profit before tax by 69.12% to CNY 6,110,126.50 due to declining sales prices in the consumer electronics market[13] - The company reported a net profit of CNY 98,730,129.89, up from CNY 93,826,778.03, reflecting an increase of about 5.4%[35] - Total operating revenue for Q1 2024 reached ¥85,681,308, an increase of 16.5% compared to ¥73,652,693 in Q1 2023[36] - Net profit for Q1 2024 was ¥5,613,390, a decrease of 67.1% from ¥17,103,903 in Q1 2023[37] - The total profit for Q1 2024 was ¥6,110,127, down from ¥19,783,561 in Q1 2023, indicating a decline of 69%[37] - The company’s total comprehensive income for Q1 2024 was ¥5,613,390, compared to ¥17,103,903 in Q1 2023, reflecting a significant decrease[41] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 5,019,434.26, a decrease of 196.46% year-on-year[11] - The company's operating cash flow for Q1 2024 was ¥5,019,434.26, a significant improvement compared to a negative cash flow of ¥5,203,395.68 in Q1 2023, indicating a turnaround in operational efficiency[42] - Total cash inflow from operating activities reached ¥95,174,667.79 in Q1 2024, up from ¥60,724,557.66 in Q1 2023, reflecting a year-over-year increase of approximately 56.6%[42] - Cash and cash equivalents at the end of Q1 2024 totaled ¥118,498,790.90, down from ¥208,703,472.43 at the end of Q1 2023, representing a decrease of approximately 43.3%[43] - The company’s total cash and cash equivalents decreased by ¥90,204,681.53 year-over-year, reflecting challenges in maintaining liquidity despite operational improvements[43] Assets and Liabilities - Total assets increased by 3.97% to CNY 482,946,158.66 compared to the end of last year[11] - The company's asset-liability ratio (consolidated) increased to 24.03% from 22.23% at the end of last year[11] - Short-term borrowings rose by 151.96% to CNY 49,434,387.83 due to increased credit based on this year's operational plan[12] - Current liabilities rose to CNY 111,127,567.78, compared to CNY 98,164,382.25, marking an increase of about 13.3%[32] - Total liabilities increased to CNY 116,064,138.67 from CNY 103,237,408.14, marking a rise of approximately 12.5%[32] - Non-current assets totaled CNY 63,544,281.50, up from CNY 56,313,356.96, reflecting a growth of approximately 12.3%[31] - Owner's equity reached CNY 366,882,019.99, an increase from CNY 361,268,629.55, indicating a growth of about 1.4%[32] Shareholder Information - The total number of shares held by the top ten shareholders is 59,296,073, representing 74.046% of the total shares[19] - The largest shareholder, Hu Xiaoyu, holds 25,759,500 shares, accounting for 32.1672% of the total shares[19] Other Income and Expenses - Government subsidies increased by 430.66% to CNY 1,121,443.76, contributing positively to other income[12] - Research and development expenses for Q1 2024 were ¥2,638,380, slightly down from ¥2,770,502 in Q1 2023[36] - Other income for Q1 2024 amounted to ¥1,121,444, significantly higher than ¥211,328 in Q1 2023[36] Investment Activities - The company reported a net cash outflow from investing activities of ¥9,631,140.60 in Q1 2024, a sharp decline from a net inflow of ¥95,755,235.30 in the same period last year[45] - The company spent ¥10,352,295.35 on the purchase of fixed assets and intangible assets in Q1 2024, compared to ¥4,996,412.45 in Q1 2023, indicating increased investment in long-term assets[45]
雅葆轩(870357) - 2024 Q1 - 季度财报