BL(SZ:002592)2024-04-26 11:51Financial Performance - The company's operating revenue for Q1 2024 reached ¥121,440,267.62, an increase of 27.02% compared to ¥95,606,109.47 in the same period last year[5] - Net profit attributable to shareholders was ¥19,635,169.36, representing a significant increase of 104.49% from ¥9,601,896.15 year-on-year[5] - Basic earnings per share rose to ¥0.07, up 75.00% from ¥0.04 in the previous year[5] - The net profit for the first quarter of 2024 was CNY 19,635,169.36, a significant increase of 108.5% compared to CNY 9,415,696.15 in the same period last year[26] - Operating profit rose to CNY 27,562,804.06, up from CNY 11,335,307.33, reflecting a growth of 143.5% year-over-year[26] - The company reported a total comprehensive income of CNY 19,642,371.09, compared to CNY 9,409,628.01 in the same quarter last year, marking a growth of 108.5%[26] Cash Flow - The net cash flow from operating activities improved dramatically to ¥39,239,824.86, a 459.71% increase from a negative cash flow of -¥10,908,789.48 in Q1 2023[12] - Cash flow from operating activities generated a net inflow of CNY 39,239,824.86, compared to a net outflow of CNY 10,908,789.48 in the previous year[28] - The company incurred a net cash outflow from investing activities of CNY 35,550,386.06, compared to a net inflow of CNY 18,641,596.08 in the previous year[28] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥1,120,021,687.70, a slight increase of 0.14% from ¥1,118,511,669.64 at the end of the previous year[5] - Total liabilities decreased to ¥260,256,146.53 from ¥305,031,727.56, a reduction of 14.7%[23] - The company's cash and cash equivalents decreased to ¥147,120,616.56 from ¥150,716,621.34, a decline of 2.3%[20] Investment and Shareholder Information - The company reported a 70.05% increase in investment income, amounting to ¥17,278,476.10, compared to ¥10,160,998.70 in Q1 2023[11] - The largest shareholder, Yang Jingzhong, holds 23.45% of shares, amounting to 66,433,049 shares, with 43,000,000 shares pledged[14] - The second-largest shareholder, Gu Yu, holds 8.71% of shares, totaling 24,688,427 shares, with 23,477,000 shares pledged[14] - The company has multiple shareholders with pledged shares, indicating potential liquidity risks[14] Operational Metrics - Total operating costs for Q1 2024 were ¥114,631,290.25, up from ¥96,024,219.06, reflecting a year-over-year increase of 19.4%[25] - The accounts receivable decreased by 47.27%, from ¥84,085,065.82 to ¥44,338,019.18, due to increased cash collection during the reporting period[9] - Inventory increased to ¥137,983,466.80 from ¥115,653,523.41, representing a growth of 19.3%[20] - Research and development expenses for Q1 2024 were ¥5,226,302.11, up from ¥4,736,634.83, indicating an increase of 10.4%[25] Legal and Regulatory Matters - The company is currently undergoing a tax audit for the period from January 1, 2020, to December 31, 2022, with no final results reported yet[17] - The company has not recovered any funds from the legal actions taken against Dayaomawang and its affiliates, leading to significant uncertainty regarding future recoveries[17] - The company is involved in ongoing litigation regarding the Dinosaur Project, with a first-instance judgment rejecting the claims of the opposing parties[19] Other Notable Information - The company has a total of 4.66 billion RMB in deposits that were improperly guaranteed, leading to ongoing risk warnings on its stock since July 2, 2020[16] - The "Dinosaur Project" has been suspended since April 8, 2019, due to venue renovations for the 2022 Winter Olympics, with uncertain prospects for resumption[18] - The report indicates that the company has adopted new accounting standards starting from 2024[29]