Financial Performance - The company's operating revenue for Q1 2024 was ¥56,253,421.06, representing a year-on-year increase of 4.79%[4]. - The net profit attributable to shareholders decreased by 27.06% to ¥6,026,417.45, while the net profit after deducting non-recurring gains and losses fell by 42.85% to ¥4,600,952.95[4][8]. - The basic earnings per share (EPS) dropped by 48.00% to ¥0.13, primarily due to the decline in net profit and an increase in share capital following the issuance of new shares in September 2023[5][9]. - Total operating revenue for Q1 2024 was CNY 56,253,421.06, an increase of 5.9% compared to CNY 53,681,670.17 in Q1 2023[17]. - Net profit for Q1 2024 was CNY 6,026,417.45, a decrease of 27.1% from CNY 8,262,529.01 in Q1 2023[18]. - Basic and diluted earnings per share for Q1 2024 were CNY 0.13, down from CNY 0.25 in Q1 2023[18]. Research and Development - Research and development (R&D) expenses totaled ¥19,763,760.95, accounting for 35.13% of operating revenue, which is an increase of 6.88 percentage points year-on-year[5][9]. - Research and development expenses for Q1 2024 were CNY 19,763,760.95, an increase of 30.4% compared to CNY 15,169,000.27 in Q1 2023[17]. - The company plans to continue increasing its investment in R&D to drive future growth and innovation[9]. Cash Flow and Assets - The net cash flow from operating activities was negative at -¥12,392,834.58, reflecting a significant increase in cash payments to employees[4][8]. - The cash inflow from operating activities was CNY 68,566,843.97, an increase of 15.5% compared to CNY 59,515,469.30 in Q1 2023[20]. - The net cash outflow from operating activities was CNY -12,392,834.58, worsening from CNY -3,151,354.44 in the same period last year[20]. - The total assets at the end of the reporting period were ¥1,468,499,871.39, a decrease of 1.55% compared to the end of the previous year[5]. - Total assets as of Q1 2024 were CNY 1,468,499,871.39, a decrease from CNY 1,491,626,578.38 at the end of Q1 2023[16]. - Cash and cash equivalents are reported at ¥1,105,011,446.43, slightly up from ¥1,104,029,569.09[14]. - The ending balance of cash and cash equivalents was CNY 1,102,471,097.93, up from CNY 227,749,803.55 in the previous year[22]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 13,280[11]. - The largest shareholder, Hu Lixin, holds 5,395,263 shares, representing 12.02% of total shares[11]. Operating Costs and Expenses - The company experienced a significant increase in sales expenses, which rose by ¥3,347,300, attributed to enhanced marketing efforts and an expanded sales team[8]. - Total operating costs for Q1 2024 were CNY 55,387,214.97, up 17.1% from CNY 47,309,120.19 in Q1 2023[17]. - The total cash outflow for purchasing goods and services was CNY 9,579,343.91, an increase from CNY 7,413,102.05 in the same quarter last year[20]. Non-Recurring Gains and Other Income - The company reported non-recurring gains of ¥1,425,464.50, primarily from government subsidies and other non-operating income[7]. - The company reported a financial income of CNY 3,851,670.25 in Q1 2024, compared to CNY 1,041,021.86 in Q1 2023[17]. Future Guidance and Strategic Developments - The company has not provided specific future guidance or market expansion strategies in the report[12]. - The company has not disclosed any new product developments or market expansion strategies in this report[22]. - There are no mergers or acquisitions mentioned in the earnings call[12]. - There are no significant changes in the shareholder structure or related party transactions noted[12]. - The company has no significant new product or technology developments reported in the conference call[12].
浩辰软件(688657) - 2024 Q1 - 季度财报