GKG(301338)2024-04-26 10:58Financial Performance - The company's revenue for Q1 2024 was ¥154,491,401.12, representing a 45.13% increase compared to ¥106,453,283.26 in the same period last year[5] - Net profit attributable to shareholders decreased by 6.70% to ¥10,770,359.97 from ¥11,543,597.90 year-on-year[5] - The net profit after deducting non-recurring gains and losses increased by 20.29% to ¥9,372,065.75 from ¥7,791,127.53 in the previous year[5] - Net profit for Q1 2024 was ¥11,119,150.13, compared to ¥12,031,288.35 in the previous year, reflecting a decrease of 7.6%[20] - The company's basic earnings per share decreased by 33.33% to ¥0.10 from ¥0.15 year-on-year[5] - Earnings per share (EPS) for Q1 2024 was ¥0.10, down from ¥0.15 in the same quarter last year[21] Cash Flow and Liquidity - The net cash flow from operating activities was -¥77,936,966.20, a significant decline of 9,385.86% compared to -¥821,611.65 in the same period last year[5] - The company's operating cash flow for Q1 2024 was -77,936,966.20 CNY, a significant decline compared to -821,611.65 CNY in Q1 2023, indicating a worsening cash flow situation[22] - Cash received from sales of goods and services was 136,021,900.87 CNY, down from 172,249,552.12 CNY in the same period last year, showing a decline in revenue generation[22] - The company reported a cash inflow of 1,279,075.78 CNY from tax refunds, which decreased from 2,104,981.11 CNY in the previous year[22] - The cash outflow for employee payments increased to 49,218,789.68 CNY from 41,621,038.75 CNY, indicating rising labor costs[22] - The ending balance of cash and cash equivalents decreased to 784,025,619.69 CNY from 976,239,228.98 CNY year-over-year, indicating a reduction in liquidity[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,218,978,027.57, reflecting a 3.50% increase from ¥2,144,030,719.92 at the end of the previous year[5] - The total liabilities increased to ¥775,999,809.68 from ¥716,611,406.04, marking an 8.3% rise[17] - Total current liabilities rose to CNY 383,673,252.23 from CNY 353,258,006.00, showing an increase of about 8.6%[15] - The company's long-term receivables increased to CNY 211,933,911.14 from CNY 172,292,638.19, reflecting a growth of approximately 22.9%[15] - The total non-current assets increased to CNY 310,922,452.53 from CNY 272,723,198.29, indicating a rise of about 14.0%[15] Operating Costs and Expenses - The company experienced a 57.69% increase in operating costs, amounting to ¥102,291,409.05, attributed to revenue growth[8] - Total operating costs amounted to ¥146,559,920.20, up 42.4% from ¥102,881,485.63 year-over-year[19] - Research and development expenses for Q1 2024 were ¥17,586,252.63, slightly up from ¥17,041,590.02 in the previous year[20] - The company reported a financial expense of -¥7,558,175.74, an improvement compared to -¥8,709,877.63 in the same period last year[20] Investment Activities - Total cash inflow from investment activities was 196,247,818.49 CNY, up from 181,204,791.10 CNY in the previous year, while cash outflow for investments increased to 280,730,416.94 CNY from 255,839,257.60 CNY[24] - The company experienced a negative net cash flow from investment activities of -84,482,598.45 CNY, worsening from -74,634,466.50 CNY in Q1 2023[24] - The company received 4,500,000.00 CNY from minority shareholders as part of investment activities, marking a new source of funding[24] Strategic Outlook - Future strategies may include market expansion and new product development, although specific details were not disclosed in the report[12] - The company is actively managing its receivables and inventory levels to optimize cash flow and operational efficiency[14] Other Comprehensive Income - Other comprehensive income after tax was -¥60,246.12, compared to -¥402,760.45 in the previous year[21] Financial Ratios - The weighted average return on equity was 0.76%, down from 0.82% in the previous year[5]