Financial Performance - Net profit attributable to shareholders decreased by 10.34% to CNY 7,224,785.72 year-on-year[12] - Operating revenue increased by 2.97% to CNY 135,608,318.84 compared to the same period last year[12] - Basic earnings per share decreased by 33.33% to CNY 0.08 compared to the same period last year[12] - The company's net profit for Q1 2024 was CNY 7,253,436.14, a decrease of 10.5% compared to CNY 8,101,122.02 in Q1 2023[40] - Operating profit for Q1 2024 was CNY 7,620,765.57, down from CNY 8,932,890.88 in Q1 2023, reflecting challenges in maintaining profitability[40] - The total comprehensive income for Q1 2024 was CNY 7,253,436.14, compared to CNY 8,101,122.02 in Q1 2023, indicating a decline in overall performance[41] Assets and Liabilities - Total assets decreased by 3.96% to CNY 701,579,461.03 compared to the end of last year[12] - The company's asset-liability ratio decreased to 35.80% from 39.33% year-on-year, reflecting improved financial stability[12] - Total liabilities decreased from CNY 287,314,061.40 to CNY 251,158,710.13, a reduction of about 12.6%[32] - Total assets as of March 31, 2024, amounted to ¥714,649,603.92, down from ¥740,537,118.50 as of December 31, 2023, representing a decrease of approximately 3.5%[36] - Total liabilities decreased to ¥269,484,539.28 as of March 31, 2024, from ¥302,625,490.00 as of December 31, 2023, a reduction of about 11%[36] Cash Flow - Cash flow from operating activities showed a significant decline of 118.38%, resulting in a net outflow of CNY 6,021,022.98[14] - The company reported a net cash outflow from operating activities of CNY -6,021,022.98 in Q1 2024, compared to a net inflow of CNY 32,754,666.44 in Q1 2023[42] - Operating cash flow for Q1 2024 was negative at -5,021,235.33, compared to a positive cash flow of 22,816,924.18 in Q1 2023[46] - The net increase in cash and cash equivalents for the period was -35,552,137.27, compared to -9,394,689.96 in the previous year[44] - Cash and cash equivalents decreased from CNY 144,224,145.70 on December 31, 2023, to CNY 98,470,007.38 by March 31, 2024, representing a decline of approximately 31.8%[31] Shareholder Information - The total number of ordinary shareholders is 3,930, reflecting a stable shareholder base[18] - Major shareholders include Li Weihai with 29.18% and Wang Hongqi with 29.07% of shares[19] - Total shares held by the top ten shareholders amount to 69,001,794, representing 73.06% of total shares[20] - The company has no pledged or judicially frozen shares among major shareholders[21] - Li Weihai and Wang Hongqi are identified as acting in concert, with familial ties between some shareholders[20] Research and Development - Research and development expenses increased by 61.58% to CNY 6,587,219.01, indicating a stronger focus on innovation[14] - Research and development expenses for Q1 2024 were ¥6,587,219.01, up from ¥4,076,664.27 in Q1 2023, indicating a significant increase of approximately 61.7%[37] Other Financial Metrics - The company reported a significant increase in deferred income by 366.59% to CNY 6,309,519.21, primarily due to government subsidies[14] - The gross profit margin for Q1 2024 was approximately 16.1%, down from 17.3% in Q1 2023, indicating increased costs[40] - The company incurred credit impairment losses of CNY 88,427.33 in Q1 2024, a decrease from CNY 325,300.13 in Q1 2023[40] - The company reported a significant increase in other income to CNY 2,300,117.73 in Q1 2024, compared to CNY 268,102.63 in Q1 2023, indicating improved revenue diversification[40] Commitments and Legal Matters - The company has committed to fulfilling all disclosed commitments without any violations[26] - No significant litigation or arbitration matters reported during the period[23] - The company has not engaged in any share buyback activities[23] - There are no reported cases of asset seizure or freezing[23]
力王股份(831627) - 2024 Q1 - 季度财报