Financial Performance - The company's revenue for Q1 2024 was CNY 178,997,109.90, representing a 20.00% increase compared to CNY 149,158,572.33 in the same period last year[5] - Net profit attributable to shareholders decreased by 19.36% to CNY 14,018,541.66 from CNY 17,384,525.30 year-on-year[5] - Basic and diluted earnings per share fell by 19.44% to CNY 0.29 from CNY 0.36 in the previous year[5] - Total operating revenue for Q1 2024 reached CNY 178,997,109.90, an increase of 19.97% compared to CNY 149,158,572.33 in Q1 2023[20] - Operating costs for the same period were CNY 164,705,731.96, up 25.31% from CNY 131,422,826.57 in the previous year[20] - Net profit for Q1 2024 was CNY 14,018,541.66, a decrease of 19.63% from CNY 17,384,525.30 in Q1 2023[21] - Basic and diluted earnings per share for Q1 2024 were both CNY 0.29, down from CNY 0.36 in the same period last year[21] Cash Flow and Liquidity - The net cash flow from operating activities dropped significantly by 79.30% to CNY 17,027,314.64, down from CNY 82,246,928.80 in Q1 2023[5] - The company's cash flow from operating activities showed a significant improvement, indicating better liquidity management[22] - Cash inflow from operating activities totaled ¥218,703,380.46, an increase of 4.8% from ¥209,691,577.65 in the previous period[23] - Cash outflow from operating activities increased significantly to ¥201,676,065.82, up 58% from ¥127,444,648.85 in the previous period[23] - The net cash flow from investing activities is -¥327,111,996.87, compared to -¥14,937,680.13 in the previous period, indicating a substantial increase in cash outflow[24] - Cash inflow from financing activities amounted to ¥31,259,490.40, compared to ¥79,798.23 in the previous period, showing a significant increase[24] - The net cash flow from financing activities is ¥11,612,321.60, a recovery from -¥22,416,767.17 in the previous period[24] - The ending balance of cash and cash equivalents is ¥311,415,870.69, down from ¥608,630,736.79 at the beginning of the period[24] - The company received ¥16,197,425.81 in tax refunds, significantly higher than ¥7,097,748.31 in the previous period, reflecting improved cash management[23] Assets and Liabilities - Total assets increased by 2.55% to CNY 1,378,266,145.98 compared to CNY 1,343,974,774.26 at the end of the previous year[5] - Total liabilities rose to CNY 446,096,995.06, an increase of 4.01% from CNY 425,824,045.34 in the previous year[19] - The company reported a total equity of CNY 932,169,150.92, an increase from CNY 918,150,728.92 year-over-year[19] - The company’s cash and cash equivalents decreased by 48% to CNY 325,037,498.64, primarily due to payments for investment projects and purchasing financial products[11] - Accounts receivable decreased from ¥215,650,013.78 to ¥196,571,160.30, a reduction of about 8.8%[17] - Inventory increased from ¥52,198,333.45 to ¥80,020,344.17, an increase of approximately 53.4%[17] - Non-current assets include fixed assets valued at ¥284,793,194.74, up from ¥57,496,036.76[17] Shareholder Information - Total number of common shareholders at the end of the reporting period is 14,160[13] - The largest shareholder, Hu Weiqing, holds 40.92% of shares, totaling 19,642,500 shares[13] - The company has a total of 579,530 shares indirectly held by Hu Weiqing through affiliated investment management firms[14] - The top ten shareholders collectively hold significant stakes, with the second-largest shareholder holding 15% and the third-largest holding 11.25%[13] Tax and Expenses - The company experienced an 87% increase in taxes and surcharges, amounting to CNY 1,509,543.34, mainly due to increased property tax[10] - Research and development expenses for Q1 2024 were CNY 7,109,498.91, slightly up from CNY 6,922,901.02 in Q1 2023, reflecting ongoing investment in innovation[20] Future Outlook - Future outlook includes plans for market expansion and potential new product launches to drive revenue growth[22] - The company has not reported any new product developments or market expansion strategies in the current quarter[16] Financial Asset Changes - The company reported a significant increase in financial assets, with trading financial assets rising by 464% to CNY 286,753,950.51 from CNY 50,836,472.22[10] - Trading financial assets increased significantly from ¥50,836,472.22 to ¥286,753,950.51, representing a growth of approximately 463.5%[17] - The company reported a foreign exchange impact of ¥1,257,494.53 on cash and cash equivalents, compared to -¥1,012,753.65 in the previous period[24]
辰奕智能(301578) - 2024 Q1 - 季度财报