Speechocean(SH:688787)2024-04-25 15:01Financial Performance - The company's operating revenue for Q1 2024 was CNY 40,645,255.83, representing a year-on-year increase of 41.04%[5]. - The net profit attributable to shareholders was a loss of CNY 634,142.17, with a significant improvement in loss narrowing compared to the previous year[5][9]. - Total operating revenue for Q1 2024 reached ¥40,645,255.83, a significant increase from ¥28,817,417.72 in Q1 2023, representing a growth of approximately 41.5%[26]. - The company's net profit for Q1 2024 was a loss of ¥647,883.77, an improvement compared to a loss of ¥19,037,466.61 in Q1 2023[26]. - Total comprehensive income for Q1 2024 was -636,802.56 RMB, compared to -13,634,686.03 RMB in the same period last year[27]. - The basic earnings per share for Q1 2024 was -0.01 RMB, an improvement from -0.32 RMB in Q1 2023[27]. Cash Flow and Assets - The net cash flow from operating activities was CNY 4,985,859.22, an increase of CNY 27,670,300.00 compared to the same period last year[9]. - Cash and cash equivalents increased to ¥264,794,917.76 as of March 31, 2024, compared to ¥38,685,438.04 at the end of 2023, showing a growth of approximately 585.5%[20]. - Operating cash flow for Q1 2024 was 4,985,859.22 RMB, a turnaround from -22,684,420.05 RMB in Q1 2023, showing improved cash generation from operations[29]. - Cash and cash equivalents at the end of Q1 2024 increased to 264,794,917.76 RMB, up from 55,302,426.99 RMB at the end of Q1 2023[30]. - The net cash flow from investment activities for Q1 2024 was 222,006,427.72 RMB, significantly higher than 5,121,537.14 RMB in Q1 2023[30]. Research and Development - Research and development expenses totaled CNY 13,141,018.75, accounting for 32.33% of operating revenue, a decrease of 26.43 percentage points year-on-year[6]. - Research and development expenses for Q1 2024 were ¥13,141,018.75, down from ¥16,933,123.07 in Q1 2023, a decrease of approximately 22.0%[26]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 11,532[12]. - The largest shareholder, He Lin, holds 12,137,615 shares, representing 20.12% of the total shares[12]. - The second largest shareholder, Beijing Zhongrui'an Investment Center, holds 6,935,780 shares, accounting for 11.50%[12]. - The company has a total of 4,797,881 shares held by state-owned enterprises, representing 7.95% of the total shares[12]. - The report indicates that the company has not identified any related party relationships among the other shareholders[13]. - The company has disclosed its shareholder structure and the participation of major shareholders in margin trading and securities lending activities[15]. Operational Efficiency - The company is focusing on optimizing management resources and processes to enhance operational efficiency, contributing to the significant increase in cash flow[9]. - The gross profit margin increased to 71.92%, driven by a significant rise in the revenue share of data set products[9]. Share Repurchase Plan - The company plans to repurchase shares using its own funds, with a total amount not less than RMB 15 million and not exceeding RMB 30 million, at a price not exceeding RMB 85.61 per share[17]. - The repurchase period is set for up to 12 months from the board's approval date[17]. - As of March 31, 2024, the company has not yet conducted any share repurchases[18].