Financial Performance - The company's operating revenue for Q1 2024 was CNY 124,798,135.94, representing a year-on-year increase of 33.74%[2] - The net profit attributable to shareholders decreased by 48.95% to CNY 1,616,814.12, primarily due to a decline in gross margin and increased management expenses[5] - Basic and diluted earnings per share both decreased by 50.00% to CNY 0.01[5] - Total operating revenue for Q1 2024 reached ¥124,798,135.94, a 33.7% increase from ¥93,312,252.37 in Q1 2023[15] - Net profit for Q1 2024 was ¥1,616,814.12, a decrease of 49.1% compared to ¥3,166,892.32 in Q1 2023[16] - Basic and diluted earnings per share for Q1 2024 were both ¥0.01, down from ¥0.02 in Q1 2023[17] Cash Flow - The net cash flow from operating activities was negative at CNY -7,292,615.45, reflecting an increase of 84.52% compared to the previous year[5] - Cash flow from operating activities in Q1 2024 was ¥119,861,068.71, slightly down from ¥120,240,348.68 in Q1 2023[19] - The net cash flow from operating activities was -$7,292,615.45, an improvement from -$47,116,919.12 in the previous year[20] - Cash outflow for operating activities totaled $135,251,639.66, compared to $172,645,059.62 in the previous year[20] - The company’s cash flow from operating activities showed a significant reduction in outflows compared to the previous year, indicating improved operational efficiency[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,285,700,558.13, a decrease of 2.61% from the end of the previous year[3] - Total assets as of Q1 2024 were ¥1,285,700,558.13, down from ¥1,320,133,894.48 at the end of Q1 2023[14] - Total liabilities decreased to ¥670,493,147.42 in Q1 2024 from ¥705,540,414.63 in Q1 2023[14] - The company's non-current assets totaled ¥624,095,830.97, down from ¥641,262,456.07, marking a decrease of about 2.7%[12] Research and Development - Research and development expenses totaled CNY 7,175,165.71, accounting for 5.75% of operating revenue, a decrease of 3.46 percentage points[3] - Research and development expenses for Q1 2024 totaled ¥7,175,165.71, a decrease of 16.5% from ¥8,598,033.82 in Q1 2023[16] Government Subsidies and Non-Recurring Items - The company received government subsidies related to equipment investment amounting to CNY 951,853.71, which is closely related to its normal business operations[5] - Non-recurring gains and losses for the period totaled CNY 739,694.33, with significant contributions from government subsidies and asset disposal gains[4] Shareholder and Market Information - There were no significant changes in the shareholding structure among the top shareholders, with no new strategic partnerships or acquisitions reported[9] - The company has not provided specific guidance for future performance or market expansion strategies in this report[10] - The company has not disclosed any new product developments or technological advancements in this quarter[10] Inventory and Current Assets - Accounts receivable stood at ¥286,674,287.97, slightly down from ¥290,122,650.52, indicating a decrease of about 1.5%[12] - Inventory increased to ¥114,363,086.40 from ¥103,663,179.50, representing an increase of approximately 10.5%[12] - The total current assets decreased to ¥661,604,727.16 from ¥678,871,438.41, reflecting a decline of approximately 2.9%[12] - The company reported a significant increase in prepayments, rising to ¥12,704,087.77 from ¥4,379,392.87, which is an increase of approximately 189%[12]
元琛科技(688659) - 2024 Q1 - 季度财报