Financial Performance - Net profit attributable to shareholders for Q1 2024 was CNY 1,251,675.82, representing a significant decrease of 52.25% year-over-year[12]. - Operating revenue for the first quarter of 2024 was CNY 32,189,657.38, showing a modest growth of 0.78% compared to the same period last year[12]. - Total operating revenue for Q1 2024 reached ¥31,939,558.33, a slight increase from ¥32,189,657.38 in Q1 2023[34]. - Net profit for Q1 2024 was ¥2,621,224.38, significantly higher than ¥1,268,132.51 in Q1 2023, reflecting a growth of approximately 106.5%[35]. - Total comprehensive income amounted to CNY 1,063,554.89 in Q1 2024, compared to CNY 2,333,632.60 in Q1 2023, indicating a significant decrease[39]. Cash Flow - The net cash flow from operating activities improved to CNY 4,212,145.80, a remarkable increase of 129.99% year-over-year[12]. - Cash inflow from operating activities was CNY 54,529,928.37 in Q1 2024, up from CNY 48,227,181.79 in Q1 2023, representing an increase of approximately 4.8%[40]. - Cash outflow for investment activities totaled CNY 140,620,801.50 in Q1 2024, significantly higher than CNY 5,615,123.76 in Q1 2023[42]. - Net cash flow from investment activities was negative CNY 60,346,652.96 in Q1 2024, compared to negative CNY 5,578,123.76 in Q1 2023, indicating increased investment expenditures[42]. - Cash inflow from financing activities was CNY 20,000,000.00 in Q1 2024, down from CNY 30,000,000.00 in Q1 2023[42]. Assets and Liabilities - Total assets as of March 31, 2024, reached CNY 652,468,052.42, a slight increase of 0.20% compared to the end of 2023[12]. - The company's asset-liability ratio (consolidated) was 13.90%, slightly down from 13.95% at the end of 2023[12]. - Total liabilities slightly decreased to ¥90.70 billion from ¥90.87 billion, a decline of 0.2%[30]. - The company’s short-term borrowings increased by 49.99% to CNY 60,057,121.38, reflecting a higher reliance on bank loans[14]. - Current liabilities decreased marginally to ¥88.36 billion from ¥88.41 billion, a reduction of 0.1%[30]. Shareholder Information - Total share capital is 114,680,000 shares[20]. - The largest shareholder, Gu Hongjun, holds 50.23% of the shares, totaling 57,600,000 shares[21]. - The total number of shareholders is 3,003[20]. Research and Development - Research and development expenses for the quarter totaled CNY 1,331,895.14, a decrease of 56.67% compared to the previous year[14]. - Research and development expenses increased to ¥3,074,010.40 in Q1 2024 from ¥1,331,895.14 in Q1 2023, showing a focus on innovation[34]. Profitability Metrics - The weighted average return on net assets based on net profit attributable to shareholders was 0.22%, down from 0.60% in the previous year[12]. - The company reported a profit margin of approximately 8.2% in Q1 2024, up from 3.9% in Q1 2023, indicating improved profitability[35]. - The basic earnings per share for Q1 2024 was ¥0.03, compared to ¥0.01 in Q1 2023, reflecting a 200% increase[36]. Other Financial Highlights - Non-recurring gains and losses for the quarter amounted to CNY 650,699.61 after tax, primarily driven by government subsidies and other income[17]. - The company experienced a significant increase in other income, which rose to ¥2,682,219.04 in Q1 2024 from ¥554,010.16 in Q1 2023[34]. - The company reported a decrease in sales expenses from ¥2,966,733.37 in Q1 2023 to ¥2,688,323.68 in Q1 2024, suggesting improved cost management[34]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[34].
瑞星股份(836717) - 2024 Q1 - 季度财报