QA(SH:603758)2024-04-26 08:06Financial Performance - The company's operating revenue for Q1 2024 was CNY 416,417,220.05, representing a year-on-year increase of 25.98%[5] - The net profit attributable to shareholders decreased by 19.70% to CNY 48,753,926.16 compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 10.22% to CNY 66,019,271.25[5] - In Q1 2024, the company achieved operating revenue of RMB 416.42 million, a year-on-year increase of 25.98%, driven by a 30% increase in product sales from major customers[14] - The net profit attributable to shareholders in Q1 2024 was RMB 48.75 million, a decrease of 19.70% compared to the same period last year, primarily due to fair value losses on equity investments and new employee stock ownership plan expenses[15] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 66.02 million, reflecting a year-on-year growth of 10.22%, influenced by revenue growth and employee stock ownership plan expenses[16] - Total operating revenue for Q1 2024 reached ¥416,417,220.05, an increase from ¥330,534,504.93 in Q1 2023, representing a growth of approximately 26%[24] - Net profit for Q1 2024 was ¥48,753,926.16, a decrease from ¥60,713,069.87 in Q1 2023, reflecting a decline of approximately 20%[27] - Earnings per share for Q1 2024 were ¥0.12, compared to ¥0.14 in Q1 2023, showing a decrease of about 14%[27] - The total comprehensive income for Q1 2024 was ¥48,698,951.16, down from ¥64,033,290.18 in Q1 2023, reflecting a decrease of approximately 24%[27] Assets and Liabilities - The total assets at the end of Q1 2024 were CNY 3,083,637,968.39, a decrease of 2.38% from the end of the previous year[6] - The equity attributable to shareholders increased by 0.85% to CNY 2,611,543,529.90 compared to the end of the previous year[6] - As of March 31, 2024, total assets amounted to RMB 3,083.64 million, down from RMB 3,158.68 million at the end of 2023[20] - Total liabilities as of March 31, 2024, amounted to ¥472,094,438.49, down from ¥569,048,146.75 as of December 31, 2023, a reduction of approximately 17%[26] - The total current liabilities decreased to RMB 447.88 million from RMB 544.59 million at the end of 2023[20] - The company reported a decrease in accounts receivable to RMB 327.13 million from RMB 410.20 million at the end of 2023[19] - The company’s fixed assets decreased to RMB 853.87 million from RMB 872.46 million at the end of 2023[20] - Total equity attributable to shareholders reached ¥2,611,543,529.90 as of March 31, 2024, slightly up from ¥2,589,631,197.50 at the end of 2023, an increase of about 0.8%[26] - Deferred income as of March 31, 2024, was ¥1,108,617.80, compared to ¥1,255,846.37 at the end of 2023, indicating a decrease of approximately 12%[26] Cash Flow - Cash flow from operating activities was CNY 44,280,099.84, with no applicable year-on-year comparison[5] - In Q1 2024, the cash inflow from operating activities was $475.18 million, a significant increase from $263.23 million in Q1 2023, representing an increase of approximately 80.5%[29] - The net cash flow from operating activities turned positive at $44.28 million in Q1 2024, compared to a negative $42.80 million in Q1 2023[29] - Cash outflow for purchasing goods and services was $327.00 million in Q1 2024, up from $236.42 million in Q1 2023, indicating a rise of about 38.2%[29] - The cash inflow from investment activities was $76.30 thousand in Q1 2024, down from $3.37 million in Q1 2023[30] - The net cash flow from investment activities was negative at $21.08 million in Q1 2024, an improvement from negative $25.93 million in Q1 2023[30] - Cash outflow for fixed assets and intangible assets acquisition was $21.15 million in Q1 2024, compared to $27.87 million in Q1 2023, reflecting a decrease of approximately 24.1%[30] - The cash outflow related to financing activities was $40.00 million in Q1 2024, with no corresponding inflow reported[30] - The net increase in cash and cash equivalents was negative at $16.79 million in Q1 2024, an improvement from negative $68.76 million in Q1 2023[30] - The ending balance of cash and cash equivalents was $990.08 million in Q1 2024, down from $1.25 billion in Q1 2023[30] - The impact of exchange rate changes on cash and cash equivalents was positive at $7.81 thousand in Q1 2024, compared to a negative impact of $33.18 thousand in Q1 2023[30] Expenses - The company reported a significant increase in sales expenses by 218.60% due to employee stock ownership plan costs and rising sales-related expenses[10] - Research and development expenses for Q1 2024 were ¥8,039,533.13, an increase from ¥6,789,403.53 in Q1 2023, representing a growth of about 18%[26] - The company’s employee stock ownership plan expenses for Q1 2024 amounted to RMB 11.60 million, impacting net profit by RMB 9.86 million after tax[16] - The company reported a foreign exchange loss of ¥19,935,553.00 in Q1 2024, compared to a gain of ¥49,000.00 in Q1 2023[26]