AKL(SH:603722)2024-04-26 08:44Financial Performance - The company's operating revenue for Q1 2024 was CNY 103,123,475.90, representing a decrease of 28.13% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 1,191,019.86, down 81.01% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 115,271.50, a decline of 97.63% compared to the previous year[5]. - Basic and diluted earnings per share were both CNY 0.01, reflecting an 81.01% decrease from the previous year[5]. - The weighted average return on equity was 0.16%, a decrease of 0.67 percentage points year-on-year[5]. - In Q1 2024, the company reported a net profit of CNY 1,104,538.26, a decrease of 81.9% compared to CNY 6,117,559.19 in Q1 2023[20]. - Operating profit for Q1 2024 was CNY 1,278,463.73, down 82.5% from CNY 7,284,896.08 in the same period last year[20]. - The company's total revenue from operating activities was CNY 108,696,885.67, a decline of 26.5% compared to CNY 147,893,544.88 in Q1 2023[23]. - The company’s total comprehensive income for Q1 2024 was CNY 1,104,538.26, down from CNY 6,117,559.19 in Q1 2023[21]. Revenue and Costs - Total operating revenue for Q1 2024 was RMB 103,123,475.90, a decrease of 28.1% compared to RMB 143,476,476.53 in Q1 2023[19]. - Total operating costs for Q1 2024 were RMB 101,740,039.09, down 26.2% from RMB 137,915,259.97 in Q1 2023[19]. - Operating costs included RMB 90,522,738.35 for the cost of goods sold, which decreased from RMB 124,648,352.30 in the previous year[19]. - Sales expenses decreased to CNY 778,268.98 in Q1 2024 from CNY 1,204,864.56 in Q1 2023, reflecting a reduction of 35.3%[20]. - Research and development expenses were CNY 3,323,970.54, a slight decrease from CNY 3,849,805.23 in the previous year[20]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 909,985,953.38, down 2.42% from the end of the previous year[6]. - Current assets as of March 31, 2024, totaled RMB 470,721,622.88, down 10.0% from RMB 522,589,745.02 at the end of 2023[15]. - Non-current assets increased to RMB 439,264,330.50 as of March 31, 2024, compared to RMB 409,929,635.90 at the end of 2023, reflecting a growth of 7.1%[16]. - Total liabilities decreased to RMB 145,609,704.22 from RMB 169,247,670.02, a reduction of 13.9%[16]. - Shareholders' equity attributable to shareholders was CNY 762,460,592.68, an increase of 0.16% compared to the end of the previous year[6]. - Shareholders' equity increased slightly to RMB 764,376,249.16 from RMB 763,271,710.90, reflecting a growth of 0.1%[17]. - Cash and cash equivalents decreased to RMB 341,487,249.91 from RMB 377,735,947.37, a decline of 9.6%[14]. - Accounts receivable increased to RMB 58,909,867.67 from RMB 57,966,208.01, indicating a growth of 1.6%[15]. Cash Flow - The net cash flow from operating activities was CNY 1,098,248.02, with no applicable year-on-year comparison due to changes in payment terms[5]. - Cash flow from operating activities showed a net inflow of CNY 1,098,248.02, a significant recovery from a net outflow of CNY 14,794,082.31 in Q1 2023[23]. - The company experienced a cash outflow of CNY 35,790,188.00 from investing activities, compared to an outflow of CNY 192,506,094.50 in Q1 2023[23]. - The cash and cash equivalents at the end of Q1 2024 stood at CNY 321,783,249.91, down from CNY 238,977,286.35 in Q1 2023[24]. Government Subsidies and Other Income - The company received government subsidies amounting to CNY 1,202,208.73, which were included in the non-recurring gains and losses[7]. - The company reported a significant increase in interest income to CNY 1,583,987.61 from CNY 771,031.15 in Q1 2023[20]. Revenue Decline Reasons - The decline in revenue and profit was attributed to lower product prices and scheduled maintenance of production lines, which reduced sales volume[8].