Financial Performance - Net profit attributable to shareholders for Q1 2024 was CNY 7,088,131.99, representing a year-on-year increase of 33.95%[12] - Operating revenue for Q1 2024 reached CNY 97,949,539.53, up 21.22% from the same period last year[12] - The company reported a decrease in accounts payable from CNY 77,938,198.49 to CNY 68,648,914.64, a decline of approximately 12%[36] - Total operating revenue for Q1 2024 reached ¥97,949,539.53, an increase from ¥80,803,536.29 in Q1 2023, representing a growth of approximately 21.5%[41] - Net profit for Q1 2024 was ¥6,989,089.39, compared to ¥5,291,755.90 in Q1 2023, reflecting a growth of approximately 32.1%[42] - The net profit for Q1 2024 was ¥7,214,186.20, up 36.3% compared to ¥5,291,755.90 in Q1 2023[46] Cash Flow - The company's cash flow from operating activities increased by 27.63% to CNY 17,076,763.00 compared to Q1 2023[15] - The net cash flow from operating activities for Q1 2024 was ¥17,076,763.00, compared to ¥13,379,540.82 in Q1 2023, indicating a 27.5% increase[47] - The cash inflow from operating activities totaled ¥135,025,798.68 in Q1 2024, compared to ¥99,913,433.47 in Q1 2023, marking a 35.1% increase[47] - The net cash flow from operating activities increased to $17,247,603.45 from $13,379,540.82, representing a growth of approximately 29%[51] - The cash inflow from investment activities was minimal, with no cash received from investment recoveries or other related activities, highlighting a conservative investment approach[51] Assets and Liabilities - Total assets as of March 31, 2024, were CNY 343,003,412.06, a decrease of 0.61% compared to the end of 2023[12] - The total assets amounted to CNY 343,003,412.06, slightly down from CNY 345,095,472.01[37] - Total liabilities decreased to CNY 88,390,078.64 from CNY 97,471,227.98, a reduction of about 9.1%[37] - Total liabilities decreased to ¥88,323,756.75 from ¥97,436,945.73, showing a reduction of about 9.4%[40] - Current assets totaled CNY 296,776,403.88 as of March 31, 2024, a slight decrease from CNY 301,180,754.45 on December 31, 2023[35] - Non-current assets totaled CNY 46,227,008.18, up from CNY 43,914,717.56, indicating an increase of about 5.3%[36] Shareholder Information - Total share capital is 41,739,130 shares[20] - The largest shareholder, Guangdong Jingtong Investment Co., Ltd., holds 18,000,000 shares, accounting for 43.125% of total shares[21] - The top ten shareholders collectively hold 32,384,486 shares, representing 77.5869% of total shares[21] - The company repurchased 602,324 shares, which is 1.44% of total share capital[21] - The company has no pledged or judicially frozen shares among its major shareholders[23] Expenses - Research and development expenses rose by 53.94% to CNY 3,150,903.66, reflecting the company's commitment to innovation[15] - Sales expenses surged by 175.82% to CNY 4,894,080.44, primarily due to increased platform promotion costs[15] - Total operating costs for Q1 2024 were ¥90,525,660.48, up from ¥75,331,148.40 in Q1 2023, indicating an increase of about 20.2%[41] - Sales expenses for Q1 2024 were ¥4,874,280.87, significantly higher than ¥1,774,377.18 in Q1 2023, reflecting increased marketing efforts[45] Investment Activities - The net cash flow from investment activities decreased by 91.39% to CNY -5,601,405.27, mainly due to payments for IT system upgrades[15] - The net cash flow from investing activities was -$5,358,624.00, a decline from -$2,926,731.00, indicating a worsening investment position[51] - The company invested $5,362,624.00 in fixed assets, intangible assets, and other long-term assets, compared to $2,927,235.00 in the prior period, marking an increase of approximately 83%[51] Financial Management - The company reported a financial expense of -¥1,615,526.22 in Q1 2024, a significant improvement compared to ¥1,660,367.22 in Q1 2023[41] - The company incurred financial expenses of -¥1,609,352.48 in Q1 2024, a decrease from ¥1,660,367.22 in Q1 2023, indicating improved financial management[45] - The company distributed dividends and interest payments totaling $117,162.50, a decrease from $238,065.89, indicating a potential shift in capital allocation strategy[51]
鸿智科技(870726) - 2024 Q1 - 季度财报