Financial Performance - Net profit attributable to shareholders for Q1 2024 was CNY -556,159.26, representing a 92.50% improvement from CNY -7,411,158.81 in Q1 2023[10] - Operating revenue for Q1 2024 was CNY 19,263,608.62, an increase of 0.55% compared to CNY 19,159,031.73 in Q1 2023[10] - The company's cash flow from operating activities for Q1 2024 was CNY -12,595,019.42, a 54.34% improvement from CNY -27,584,172.53 in Q1 2023[10] - Net profit increased by 93.79% to -466,098.99, primarily due to a reduction in credit impairment provisions, leading to higher operating profits[13] - The total comprehensive income for Q1 2024 was a loss of ¥2,691,896.07, compared to a loss of ¥3,860,265.93 in Q1 2023, reflecting an overall improvement[41] - The total profit for Q1 2024 was a loss of ¥-2,976,818.31, compared to a loss of ¥-4,442,012.49 in Q1 2023, showing a positive trend in profitability[41] Cash Flow - Cash flow from operating activities improved by 54.34% to -12,595,019.42, driven by enhanced accounts receivable management and good collection performance[13] - Cash flow from investing activities surged by 2,694.23% to 38,684,666.46, mainly due to the recovery of cash from investments in wealth management products[13] - Cash flow from financing activities decreased by 30.15% to 13,702,086.09, primarily due to repayments of bank loans[13] - The net increase in cash and cash equivalents for Q1 2024 was CNY 39,791,733.13, contrasting with a decrease of CNY -9,457,824.29 in Q1 2023[45] - Cash inflow from financing activities was CNY 34,000,000.00 in Q1 2024, up from CNY 20,000,000.00 in Q1 2023, marking a 70% increase[45] Assets and Liabilities - Total assets as of March 31, 2024, were CNY 518,596,922.43, a decrease of 2.63% compared to the end of 2023[10] - The asset-liability ratio for the consolidated entity decreased to 28.36% from 30.16% year-over-year[10] - Cash and cash equivalents increased by 74.13% to CNY 93,467,627.36 due to idle raised funds being used for bank deposits[11] - Total current assets decreased to 402,468,149.22 from 416,733,903.67, reflecting a decline in liquidity[30] - Current liabilities totaled ¥147,075,749.34 as of March 31, 2024, down from ¥160,633,474.01 at the end of 2023, reflecting a decrease of approximately 8.5%[33] Expenses - Management expenses rose by 66.79% to CNY 4,329,379.25 primarily due to increased employee compensation[12] - Tax and additional charges increased by 68.49% to CNY 300,770.79, mainly due to property tax from rental income[12] - R&D expenses increased by 159.17% to 1,417,603.23, primarily due to an increase in ongoing projects and higher salaries for newly hired R&D personnel[13] - Financial expenses rose by 114.85% to 185,271.40, mainly due to increased interest payments on new working capital loans[13] Investments - Investment income reached 280,111.11, a 100.00% increase compared to the previous year, attributed to the recovery of investments in bank wealth management products[13] - The company’s investment properties increased to 7,129,333.60 from 3,096,944.71, indicating growth in real estate investments[30] Shareholder Information - The total number of ordinary shares at the end of the period was 90,287,200, with significant holdings by major shareholders including Ye Xuejun at 28.43%[18] - Total funds raised amounted to 63,794,895, with a year-on-year increase of 70.66% compared to 59,813,200[20] Other Information - The company has no significant litigation or arbitration matters reported during the period[23] - There are no pledges or judicial freezes on shares held by major shareholders[21] - The company has committed to fulfilling all previously disclosed commitments without any overdue obligations[25]
晟楠科技(837006) - 2024 Q1 - 季度财报