龙源技术(300105) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥140,360,770.77, representing a 128.27% increase compared to ¥61,487,812.16 in the same period last year[5] - Net profit attributable to shareholders was ¥13,539,814.73, a significant turnaround from a loss of ¥6,188,288.08, marking a 318.80% increase[5] - Basic earnings per share rose to ¥0.0264, compared to a loss of ¥0.0121 in the same period last year, reflecting a 318.18% improvement[5] - Operating profit for Q1 2024 was ¥11,449,217.66, compared to a loss of ¥6,347,568.84 in Q1 2023, indicating a turnaround in profitability[19] - Total comprehensive income for Q1 2024 was ¥13,539,814.73, a recovery from a loss of ¥6,188,288.08 in the same quarter last year, indicating overall positive performance[20] Cash Flow - The net cash flow from operating activities increased to ¥13,184,772.50, up 138.21% from a negative cash flow of ¥34,505,882.69 in the previous year[5] - Cash flow from operating activities generated a net inflow of ¥13,184,772.50, a significant recovery from a net outflow of ¥34,505,882.69 in the same quarter last year[21] - The net cash flow from investment activities was -17,261,212.55, resulting in a total cash outflow of 171,993,286.92 for the quarter[22] - The net cash flow from financing activities was -194,289.00, indicating a cash outflow in this category[22] - The net increase in cash and cash equivalents for the quarter was -4,270,729.05, leading to an ending balance of 412,180,902.25[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,801,404,379.26, a decrease of 2.68% from ¥2,878,563,281.15 at the end of the previous year[5] - The company's current assets totaled CNY 1,915,822,037.51, down from CNY 1,988,865,493.26 at the start of the quarter[14] - Total liabilities decreased from ¥938,352,038.32 in the previous year to ¥847,653,321.70 in Q1 2024, indicating improved financial stability[19] - Total current liabilities decreased to CNY 839,884,498.71 from CNY 930,312,766.46, a reduction of approximately 9.7%[16] Investment and Expenses - Investment income decreased by 84.44%, down by ¥3,598,215.21, attributed to reduced income from associated companies[9] - Research and development expenses for Q1 2024 were ¥9,758,666.69, slightly up from ¥9,328,548.22 in the previous year, indicating continued investment in innovation[18] - The company reported a decrease in financial expenses, with a net financial cost of -¥3,561,826.41 compared to -¥5,501,901.35 in the previous year, reflecting improved financial management[18] Shareholder Information - The top two shareholders, State Power Technology and Xiongyu (Virgin) Limited, hold 23.12% and 18.65% of the shares, respectively[13] - The company has no significant changes in the number of preferred shareholders or major shareholders holding restricted shares[14] Government Support - The company received government subsidies amounting to ¥1,258,973.70, contributing positively to its financial performance[6] Audit Status - The first quarter report was not audited, indicating potential limitations in the reliability of the financial data presented[23]