明志科技(688355) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 122,087,464.59, representing a year-on-year increase of 12.39%[5] - Net profit attributable to shareholders was CNY 16,456,220.62, showing a significant increase of 63.88% compared to the same period last year[5] - The basic and diluted earnings per share were both CNY 0.13, reflecting a 62.50% increase year-on-year[6] - Total operating revenue for Q1 2024 was CNY 122,087,464.59, an increase of 12.5% compared to CNY 108,631,582.01 in Q1 2023[22] - Net profit for Q1 2024 reached CNY 16,456,220.62, a 63.5% increase from CNY 10,041,476.24 in Q1 2023[23] - Other income for Q1 2024 was CNY 13,673,132.32, significantly higher than CNY 7,146,810.97 in Q1 2023, reflecting an increase of 91.5%[22] - The company reported a profit before tax of CNY 17,795,487.52 for Q1 2024, compared to CNY 9,299,584.17 in Q1 2023, an increase of 91.5%[23] Cash Flow - The net cash flow from operating activities was CNY 3,824,782.13, a significant decrease of 93.50% compared to the previous year[6] - Cash inflow from operating activities in Q1 2024 was CNY 157,721,410.47, down from CNY 185,355,142.00 in Q1 2023, representing a decrease of 14.9%[25] - The net cash flow from operating activities for Q1 2024 was $3,824,782.13, a decrease of 93.5% compared to $58,822,992.43 in Q1 2023[26] - Total cash outflow from operating activities amounted to $153,896,628.34, up 21.6% from $126,532,149.57 in the previous year[26] - Cash inflow from investment activities was $266,106,918.70, down 33.0% from $396,699,999.61 in Q1 2023[26] - The net cash flow from investment activities was $5,114,066.76, a decrease of 79.5% compared to $24,836,258.68 in the same period last year[26] - Cash inflow from financing activities totaled $60,692,942.56, significantly higher than $8,827,299.28 in Q1 2023[26] - The net cash flow from financing activities was $40,357,778.56, a turnaround from a negative cash flow of -$123,142,670.30 in the previous year[26] - The impact of exchange rate changes on cash and cash equivalents was $428,727.82, compared to $3,437,801.03 in Q1 2023[27] - The net increase in cash and cash equivalents for Q1 2024 was $49,725,355.27, contrasting with a decrease of -$36,045,618.16 in the same quarter last year[27] - The ending balance of cash and cash equivalents was $227,511,569.94, up from $91,104,088.20 in Q1 2023[27] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,475,003,218.61, up 6.41% from the end of the previous year[6] - As of March 31, 2024, the total assets of the company amounted to RMB 1,475,003,218.61, an increase from RMB 1,386,121,553.54 as of December 31, 2023, reflecting a growth of approximately 6.4%[18] - The company's current assets totaled RMB 1,045,621,964.03, up from RMB 948,743,787.39, indicating an increase of about 10.2%[19] - The company's short-term borrowings rose to RMB 111,086,728.33 from RMB 73,271,419.47, marking an increase of about 51.6%[19] - The accounts payable increased to RMB 56,320,148.47 from RMB 41,270,117.03, which is an increase of approximately 36.5%[19] - The total liabilities of the company increased, with contract liabilities rising to RMB 135,950,363.91 from RMB 106,444,685.82, reflecting an increase of about 27.8%[19] - The total liabilities as of Q1 2024 amounted to CNY 397,176,397.42, compared to CNY 326,889,800.38 in Q1 2023, indicating an increase of 21.5%[20] - Total equity attributable to shareholders reached CNY 1,077,826,821.19 in Q1 2024, up from CNY 1,059,231,753.16 in Q1 2023, marking a growth of 1.8%[20] Research and Development - Research and development expenses totaled CNY 11,428,406.55, a decrease of 26.50% compared to the previous year, with R&D expenses accounting for 9.36% of operating revenue, down 4.95 percentage points[6] - The company experienced a decrease in research and development expenses, which were CNY 11,428,406.55 in Q1 2024, down from CNY 15,548,630.28 in Q1 2023, a reduction of 26.5%[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,777[12] - The company’s total equity position remains strong, supported by the increase in total assets and current assets, indicating a positive outlook for future growth[18] Accounting Standards - The company has not adopted new accounting standards or interpretations for the first time in 2024[27]