AVE(SH:688067)2024-04-26 08:06Financial Performance - The company's operating revenue for Q1 2024 was ¥46,813,824.02, representing a year-on-year increase of 14.46%[6] - The net profit attributable to shareholders for the same period was ¥5,071,817.72, showing a significant increase of 136.42% compared to the previous year[6] - Basic earnings per share (EPS) reached ¥0.07, reflecting a growth of 133.33% year-on-year[7] - Operating profit for Q1 2024 was ¥5,196,011.99, up 127.5% from ¥2,286,016.59 in Q1 2023[22] - Net profit for Q1 2024 was ¥5,071,817.72, representing a 136.5% increase from ¥2,145,251.44 in Q1 2023[22] - The total equity attributable to shareholders increased to ¥494,899,167.99 in Q1 2024 from ¥489,844,831.60 in Q1 2023, an increase of 1.1%[19] - The company reported a basic and diluted earnings per share of ¥0.07 for Q1 2024, compared to ¥0.03 in Q1 2023, reflecting a 133.3% increase[23] Cash Flow - The net cash flow from operating activities was negative at -¥7,769,140.24, indicating a cash outflow during the quarter[6] - The company reported a net cash flow from operating activities of -¥7,769,140.24 in Q1 2024, an improvement from -¥8,453,232.08 in Q1 2023[26] - Cash inflow from operating activities totaled ¥52,292,396.58 in Q1 2024, compared to ¥50,745,194.21 in Q1 2023, an increase of 3.1%[26] - Investment activities resulted in a net cash outflow of -¥52,289,077.69 in Q1 2024, an improvement from -¥105,931,508.07 in Q1 2023[26] - The net cash flow from financing activities was significantly negative, with a net outflow of -60,051,475.20[27] - The cash and cash equivalents at the end of the period decreased to 22,748,734.75, down from 82,800,209.95 at the beginning of the period[27] - The impact of exchange rate changes on cash and cash equivalents was -2,613.67[27] Assets and Liabilities - The total assets at the end of the reporting period were ¥548,991,209.65, a decrease of 1.38% from the end of the previous year[7] - The company's total current assets as of March 31, 2024, amounted to ¥287,063,208.96, a slight decrease from ¥293,753,330.36 at the end of 2023[17] - The total assets of the company as of March 31, 2024, were ¥548,991,209.65, down from ¥556,691,329.75 at the end of 2023[18] - The total liabilities decreased from ¥56,012,014.85 to ¥43,282,722.98, reflecting a reduction of approximately 22.7%[18] - Total liabilities decreased to ¥54,092,041.66 in Q1 2024 from ¥66,846,498.15 in Q1 2023, a reduction of 19.2%[19] - Accounts receivable decreased from ¥6,352,269.38 to ¥5,408,981.68, indicating a reduction of approximately 14.8%[17] Research and Development - Research and development (R&D) expenses totaled ¥5,317,736.12, which is a decrease of 17.18% compared to the same period last year[7] - The R&D expenses accounted for 11.36% of the operating revenue, down from 4.34% year-on-year[7] - Research and development expenses decreased to ¥5,213,130.12 in Q1 2024 from ¥6,065,388.67 in Q1 2023, indicating a reduction of 14.1%[22] - The company’s development expenses increased from ¥2,152,935.17 to ¥2,308,595.52, showing an increase of approximately 7.2%[18] Shareholder Information - The total number of common shareholders at the end of the reporting period was 4,231[12] - The largest shareholder, Ding Jianwen, holds 25,997,143 shares, representing 38.23% of total shares[12] - The number of shares held by the top ten shareholders remained stable, with no significant changes reported[14] Cost Management - The company implemented cost reduction and efficiency improvement measures, leading to a decrease in product costs and an increase in overall gross margin[10] - Non-recurring gains and losses amounted to ¥1,706,210.92 after tax, primarily due to government subsidies and other non-operating income[9]