Financial Performance - The company's revenue for Q1 2024 reached ¥109,482,283.18, representing a 120.88% increase compared to ¥49,565,770.12 in the same period last year[5]. - Total operating revenue for Q1 2024 reached ¥109,482,283.18, a significant increase from ¥49,565,770.12 in Q1 2023, representing a growth of approximately 120.7%[22]. - The net loss attributable to shareholders was ¥35,983,163.10, a significant increase of 512.48% from a loss of ¥5,874,993.59 in the previous year[5]. - Net loss for Q1 2024 was ¥36,159,221.87, worsening from a net loss of ¥5,236,739.07 in Q1 2023[23]. - The total comprehensive income for the first quarter of 2024 was -36,156,742.60 CNY, compared to -5,321,395.94 CNY in the previous period[24]. - Basic and diluted earnings per share were both -0.43 CNY, a decrease from -0.07 CNY in the prior period[24]. Cash Flow - The net cash flow from operating activities was negative at ¥72,104,035.42, worsening by 113.92% compared to a negative cash flow of ¥33,706,702.24 in the same period last year[5]. - Cash inflow from operating activities was 62,850,077.50 CNY, up from 37,737,771.03 CNY year-over-year[26]. - Cash outflow from operating activities totaled 134,954,112.92 CNY, compared to 71,444,473.27 CNY in the previous period[27]. - Cash inflow from investment activities was 478,742,201.38 CNY, down from 706,506,568.97 CNY in the previous period[27]. - The net cash flow from investment activities was 72,179,935.00 CNY, a significant improvement from -130,731,011.85 CNY in the prior period[27]. - Cash inflow from financing activities was 82,999,575.74 CNY, with a net cash flow of 70,857,078.98 CNY, compared to -1,112,441.88 CNY previously[27]. - The cash and cash equivalents at the end of the period were 321,774,108.19 CNY, down from 449,812,592.12 CNY at the end of the previous period[27]. Assets and Liabilities - The company's total assets increased by 0.54% to ¥1,537,727,627.68 from ¥1,529,468,409.39 at the end of the previous year[5]. - The total number of common shareholders at the end of the reporting period is 11,746[14]. - The company's total liabilities increased significantly, with short-term borrowings rising by 62.90% to ¥146,035,052.92 due to increased bank loans[11]. - Current liabilities totaled ¥312,566,992.72, compared to ¥265,361,662.96 in the previous year, an increase of approximately 17.8%[21]. - Inventory rose to ¥65,132,170.45, up from ¥55,591,992.88, marking an increase of about 17.5%[20]. - Accounts receivable decreased to ¥22,329,250.09 from ¥53,722,125.21, a reduction of approximately 58.5%[19]. Expenses - The company reported a significant increase in financial expenses, which rose by 1231.46% to ¥2,439,835.04 due to increased bank borrowings[11]. - Total operating costs for Q1 2024 were ¥130,689,960.39, compared to ¥54,084,803.99 in the same period last year, indicating an increase of about 142.5%[22]. - Research and development expenses for Q1 2024 were ¥4,167,932.70, compared to ¥3,741,411.95 in Q1 2023, reflecting an increase of about 11.5%[23]. - The company reported a significant increase in sales expenses, which reached ¥8,461,371.49, up from ¥7,774,616.20, indicating a rise of approximately 8.8%[23]. Shareholder Information - The largest shareholder, Li Zexin, holds 41.29% of the shares, amounting to 34,850,000 shares[14]. - The top ten shareholders include several investment partnerships, with the largest being Xi'an Huari Zhice Consulting Management Partnership holding 7.11%[14]. - The total number of restricted shares held by major shareholders remains at 45,120,000 shares, with no changes during the period[17]. - The company has no preferred shareholders or changes in preferred shareholder status reported[16]. Other Information - The company has not reported any new product developments or technological advancements in this quarter[16]. - There are no significant mergers or acquisitions mentioned in the current report[16]. - The first quarter report was not audited[28].
西测测试(301306) - 2024 Q1 - 季度财报