Gian(SZ:300709)2024-04-26 10:48Financial Performance - The company's revenue for Q1 2024 was CNY 388,834,901.40, representing a 28.94% increase compared to CNY 301,562,295.28 in the same period last year[5]. - The net loss attributable to shareholders was CNY -27,104,268.81, an improvement of 37.43% from a loss of CNY -43,316,489.52 in the previous year[5]. - The basic and diluted earnings per share improved to CNY -0.15 from CNY -0.23, reflecting a 34.78% increase[5]. - The company's net profit for the period was not explicitly stated, but the increase in revenue suggests potential growth in profitability[24]. - The net profit for Q1 2024 was -29,237,780.01 CNY, compared to -44,775,350.65 CNY in Q1 2023, showing an improvement of approximately 34.8%[25]. - Operating profit for Q1 2024 was -36,241,626.20 CNY, an improvement from -52,462,396.37 CNY in the same period last year, indicating a reduction in losses by about 30.9%[25]. - The total comprehensive income for Q1 2024 was -32,828,010.83 CNY, compared to -44,239,089.15 CNY in the same period last year, reflecting a 26.0% improvement[25]. Cash Flow and Assets - The net cash flow from operating activities decreased by 29.45% to CNY 64,737,450.50, down from CNY 91,765,758.88 in the previous year[5]. - The net cash flow from investing activities was CNY -197,797,951.34, a decline of 378.01% compared to CNY 71,147,483.15 in the previous year, mainly due to investments in financial products[11]. - Cash and cash equivalents decreased to ¥506,326,733.64 from ¥645,812,599.73, a decline of 21.5%[20]. - Cash and cash equivalents at the end of Q1 2024 totaled 483,897,635.35 CNY, down from 616,323,937.20 CNY at the beginning of the quarter[28]. - Total assets at the end of Q1 2024 were CNY 3,219,463,266.46, a slight increase of 0.05% from CNY 3,217,914,776.11 at the end of the previous year[5]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 36,853[14]. - The largest shareholder, Wang Mingxi, holds 19.43% of shares, totaling 36,161,200 shares[14]. - The second-largest shareholder, Huang Yichao, holds 4.90% of shares, totaling 9,110,724 shares[14]. - The company disclosed that 2,696,320 shares are held by Zhuhai Abama Asset Management Co., Ltd. through a margin trading account[15]. - There are no significant changes in the top 10 shareholders due to margin trading activities[16]. Expenses and Liabilities - Total operating costs for Q1 2024 were ¥402,162,437.97, up from ¥368,619,292.21, reflecting a rise of 9.0% year-over-year[24]. - Total liabilities increased to ¥1,205,763,877.22 from ¥1,170,187,376.04, an increase of 3.0%[22]. - The company's equity attributable to shareholders decreased to ¥2,041,855,489.07 from ¥2,073,811,464.03, a decline of 1.5%[22]. - Research and development expenses for the quarter were ¥43,656,604.49, slightly down from ¥44,898,966.60, indicating a focus on cost management[24]. - The company incurred a tax expense of -6,495,593.04 CNY in Q1 2024, slightly lower than -7,639,928.50 CNY in Q1 2023[25]. - The company received 1,331,638.86 CNY in tax refunds during Q1 2024, a significant decrease from 9,632,087.82 CNY in the previous year[27]. Investments and Financial Products - Financial expenses decreased significantly by 78.03% to CNY 1,805,424.78, primarily due to reduced borrowing costs and exchange losses[10]. - Investment income increased by 94.50% to CNY 542,889.24, attributed to higher returns from financial products[10]. - The company's trading financial assets increased by 284.49% to CNY 249,326,117.83, reflecting significant purchases of financial products during the period[11]. Corporate Actions and Developments - The company announced the cancellation of 350,256 unvested restricted stock units due to not meeting vesting conditions[18]. - The company also agreed to cancel 385,692 stock options that did not meet exercise conditions[18]. - The company reported that it received a civil judgment regarding performance commitment compensation, with uncertain impacts on future profits[18]. - The company has not disclosed any new product developments or market expansions in the current report[17]. - The company has not reported any new mergers or acquisitions in the current quarter[17].