Revenue and Profitability - The company's revenue for Q1 2024 was ¥125,154,435.12, representing a 6.12% increase compared to ¥117,935,948.78 in the same period last year[5] - Net profit attributable to shareholders decreased by 28.06% to ¥8,722,582.61 from ¥12,124,496.17 year-on-year[5] - Basic and diluted earnings per share dropped by 45.45% to ¥0.12 from ¥0.22 in the same period last year[5] - Total operating revenue for Q1 2024 was CNY 125,154,435.12, an increase of 6.3% compared to CNY 117,935,948.78 in Q1 2023[21] - Net profit for Q1 2024 was CNY 8,722,582.61, a decrease of 28.5% from CNY 12,124,496.17 in Q1 2023[23] Cash Flow and Financial Position - The net cash flow from operating activities was negative at -¥38,205,771.99, a significant decline of 756.35% compared to -¥4,461,485.75 in the previous year[5] - Cash received from sales of goods and services in Q1 2024 was CNY 58,534,663.45, a decline of 15.4% compared to CNY 69,180,847.43 in Q1 2023[25] - The total cash outflow from operating activities was 102,325,333.49 CNY, compared to 76,175,230.30 CNY in the previous year, showing an increase of approximately 34.3%[26] - The total cash and cash equivalents at the end of the period stood at 655,190,726.93 CNY, down from 666,423,591.22 CNY at the beginning of the period, reflecting a decrease of 11,232,864.29 CNY[27] - The company reported cash received from other operating activities amounting to 4,554,245.81 CNY, up from 2,310,001.69 CNY, representing a growth of about 97.2%[26] Assets and Liabilities - Total assets increased by 3.51% to ¥1,226,721,122.11 from ¥1,185,138,008.36 at the end of the previous year[5] - Total liabilities as of Q1 2024 were CNY 251,438,140.05, compared to CNY 218,577,608.91 at the end of Q1 2023, representing a growth of 15.0%[22] - The total liabilities include accounts payable of ¥114,346,548.42, which decreased from ¥126,570,388.25, showing a reduction of about 9.6%[18] - Accounts receivable increased to ¥159,681,692.50 from ¥137,181,793.94, reflecting a growth of approximately 16.5%[18] - Short-term borrowings at the end of the reporting period are ¥30,030,310.30, indicating the company is leveraging debt[18] Expenses and Investments - The company's management expenses rose by 38.49% to ¥5,609,106.97, primarily due to increased costs related to management consulting and digital transformation[10] - Operating costs for Q1 2024 were CNY 113,876,004.27, up from CNY 106,029,366.41 in the same period last year, reflecting a rise of 7.9%[22] - Research and development expenses for Q1 2024 amounted to CNY 5,294,752.94, an increase of 7.6% from CNY 4,918,642.52 in Q1 2023[22] - The company did not report any cash inflow from investment activities, resulting in a net cash flow from investment activities of -3,055,818.99 CNY, similar to the previous year's figure[26] Shareholder Information - The total number of common shareholders at the end of the reporting period is 8,784[13] - The top five shareholders hold a combined 70.83% of the shares, with Huang Xiaohu holding 20.80%[13] - Total equity attributable to shareholders of the parent company was CNY 975,282,982.06, up from CNY 966,560,399.45 in the previous year, indicating a growth of 0.7%[22] Other Financial Metrics - The weighted average return on equity decreased to 0.90% from 3.73% year-on-year[5] - The company reported a financial expense of CNY -5,470,616.63 in Q1 2024, a significant improvement compared to CNY 147,126.39 in Q1 2023[22] - Deferred income tax liabilities decreased to CNY 2,601,989.03 from CNY 3,131,998.11 year-over-year, a reduction of 17.0%[22] - The company experienced a foreign exchange impact on cash and cash equivalents of 107,393.36 CNY, contrasting with a negative impact of -63,118.30 CNY last year[27] Corporate Developments - The company established a wholly-owned subsidiary, Shenmeisuo Electric Technology (Shenzhen) Co., Ltd., with an investment of ¥1,000,000[15] - The company has completed the registration of its new subsidiary, enhancing its operational capacity and market presence[15] - The company has not yet audited the first quarter report, indicating that the figures are preliminary[28] - The company has implemented new accounting standards starting in 2024, which may affect future financial reporting[28]
美硕科技(301295) - 2024 Q1 - 季度财报