BEKEN(SH:603068)2024-04-26 11:39Financial Performance - The company's operating revenue for Q1 2024 was ¥168,010,710.05, representing a year-on-year increase of 5.61%[5] - The net profit attributable to shareholders for the same period was ¥1,216,195.21, showing a significant increase of 103.31% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥952,807.12, up by 102.56% year-on-year[5] - Basic earnings per share for Q1 2024 were ¥0.01, which is an increase of 104.17% year-on-year[5] - In Q1 2024, the company reported a net profit of ¥502,582.35, compared to a net loss of ¥37,473,711.10 in Q1 2023, indicating a significant turnaround in performance[19] - The total profit for Q1 2024 was ¥668,733.57, while the previous year showed a total loss of ¥39,495,742.39, reflecting a substantial improvement[19] - The company's operating income for Q1 2024 was ¥575,369.77, a recovery from an operating loss of ¥39,565,128.79 in the same quarter last year[19] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥1,264,833.43, but this reflects an improvement of 84.76% compared to the same period last year[5] - Cash flow from operating activities in Q1 2024 was negative at -¥1,264,833.43, an improvement from -¥8,298,638.54 in Q1 2023[23] - The company generated cash inflows from operating activities totaling ¥211,774,874.15, up from ¥156,262,697.23 in the previous year[21] - Cash and cash equivalents at the end of Q1 2024 amounted to ¥1,079,128,809.75, compared to ¥1,012,966,933.88 at the end of Q1 2023[24] - The company raised ¥109,000,000.00 through borrowings in Q1 2024, which was a significant cash inflow for financing activities[23] - The company’s cash flow from financing activities showed a net increase of ¥68,732,726.38 in Q1 2024, contrasting with a net outflow of -¥5,608,126.56 in Q1 2023[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,969,543,368.30, a 2.55% increase from the end of the previous year[6] - Total assets as of March 31, 2024, were CNY 1,969,543,368.30, up from CNY 1,920,610,716.35 at the end of 2023, an increase of 2.6%[14] - Total liabilities increased to CNY 269,614,397.16 from CNY 221,222,132.17, reflecting a rise of 21.8%[15] - The equity attributable to shareholders was ¥1,707,336,791.23, showing a slight increase of 0.07% compared to the end of the previous year[6] - The company's equity attributable to shareholders rose to CNY 1,707,336,791.23 from CNY 1,706,082,791.41, a marginal increase of 0.1%[15] Costs and Expenses - Total operating costs decreased to CNY 169,635,573.23 in Q1 2024 from CNY 183,125,793.91 in Q1 2023, representing a reduction of 7.3%[18] - Research and development expenses for Q1 2024 were CNY 64,709,642.13, slightly down from CNY 65,876,492.26 in Q1 2023[18] Inventory and Receivables - Accounts receivable decreased to CNY 136,450,503.74 from CNY 151,712,821.30, indicating a decline of 10.1%[13] - Inventory increased to CNY 301,766,086.62 from CNY 282,106,732.15, marking a rise of 7.0%[13] Non-Recurring Gains and Losses - The company recognized non-recurring gains of ¥263,388.09, primarily from government subsidies and other income[7] - The company reported a net credit impairment loss of CNY 710,724.93 in Q1 2024, compared to a loss of CNY 664,932.80 in Q1 2023[18] Operational Focus - The company is focused on inventory management and product iteration to maintain supply-demand balance without increasing inventory levels[8] - Short-term borrowings increased by 168.29%, aimed at enhancing operational funding and efficiency[7]