Financial Performance - Revenue for Q1 2024 was CNY 237,735,395.40, a decrease of 14.37% compared to CNY 277,644,789.74 in the same period last year[5] - Net profit attributable to shareholders was a loss of CNY 24,665,699.40, representing a decline of 218.95% from a profit of CNY 20,736,950.47 in the previous year[5] - Total operating revenue for Q1 2024 was CNY 237.74 million, a decrease of 14.4% compared to CNY 277.64 million in Q1 2023[17] - Net profit for Q1 2024 was a loss of CNY 26.74 million, compared to a profit of CNY 22.08 million in Q1 2023[19] - Basic and diluted earnings per share for Q1 2024 were both CNY -0.46, down from CNY 0.52 in Q1 2023[20] Cash Flow - The net cash flow from operating activities was CNY 70,654,844.64, an increase of 239.93% compared to a negative cash flow of CNY 50,494,781.81 in the same period last year[5] - Cash inflow from operating activities was CNY 322.61 million, an increase from CNY 285.61 million in the same period last year[22] - The net cash flow from investing activities was ¥20,676,881.00, recovering from a negative cash flow of ¥13,148,747.59 in the previous year[23] - Cash inflow from financing activities totaled ¥144,180,257.62, compared to ¥106,215,742.83 in the same quarter last year[23] - The company reported a net increase in cash and cash equivalents of ¥110,259,180.31, contrasting with a decrease of ¥73,497,475.45 in the same quarter last year[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,037,551,109.56, a slight increase of 0.36% from CNY 3,026,727,021.15 at the end of the previous year[5] - Current assets decreased to CNY 2,368,029,511.26 from CNY 2,412,171,237.91, indicating a reduction of approximately 1.83%[14] - The company's total liabilities increased to CNY 1.51 billion, up from CNY 1.48 billion at the beginning of the quarter[16] - The total equity attributable to shareholders decreased to CNY 1.51 billion from CNY 1.54 billion at the start of the quarter[16] Expenses - Sales expenses increased by 64.89% to CNY 5,592,659.80, primarily due to enhanced market development efforts in aerospace and gas turbine sectors[9] - Management expenses rose by 78.49% to CNY 17,886,508.26, attributed to the expansion of the management team and increased personnel costs[9] - Research and development expenses rose to CNY 10.39 million, compared to CNY 9.11 million in Q1 2023, reflecting a focus on innovation[17] - The company paid ¥50,478,153.58 in employee compensation, an increase of 24.8% from ¥40,468,186.37 in the previous year[23] Other Income and Cash Equivalents - Other income surged by 228.57% to CNY 3,933,185.10, mainly due to increased government subsidies and VAT deductions compared to the previous year[9] - The company recorded a significant increase in other income to CNY 3.93 million, compared to CNY 1.20 million in the previous year[19] - Cash and cash equivalents at the end of the period reached CNY 368,330,916.97, a significant increase of 819.12% from CNY 40,074,088.84 at the end of the previous year[9] - Total cash and cash equivalents at the end of Q1 2024 reached ¥368,330,916.97, up from ¥40,074,088.84 at the end of Q1 2023[24] Shareholder Information - The company reported a total of 11,559 common shareholders at the end of the reporting period[10]
飞沃科技(301232) - 2024 Q1 - 季度财报