Financial Performance - Net profit attributable to shareholders for Q1 2024 was CNY 12,992,227.10, representing a year-on-year increase of 10.52%[10] - Operating revenue for Q1 2024 reached CNY 47,584,244.82, up 10.25% from the same period last year[10] - The company reported an operating profit of ¥14,686,314.67 for Q1 2024, up from ¥13,584,496.30 in Q1 2023, reflecting an 8.1% growth[34] - The total profit for Q1 2024 was ¥14,622,593.98, compared to ¥13,825,492.32 in Q1 2023, showing a growth of 5.8%[34] - The company’s total comprehensive income for Q1 2024 was ¥12,992,227.10, compared to ¥11,755,985.14 in Q1 2023, reflecting an increase of 10.5%[34] Assets and Liabilities - Total assets as of March 31, 2024, were CNY 473,999,011.35, a decrease of 0.85% compared to the end of 2023[10] - The company's total liabilities to total assets ratio (consolidated) improved to 11.46% from 14.93% year-on-year[10] - Total liabilities decreased from ¥71,355,853.43 to ¥54,316,281.68, a reduction of about 23.9%[29] - Current liabilities decreased from ¥69,349,327.28 to ¥53,477,649.53, a decrease of approximately 23.0%[28] - Non-current liabilities decreased from ¥2,006,526.15 to ¥838,632.15, a decline of about 58.3%[28] - Total equity increased from ¥406,690,502.57 to ¥419,682,729.67, an increase of approximately 3.2%[29] Cash Flow - The net cash flow from operating activities decreased by 62.02% to CNY 10,190,884.85, primarily due to reduced sales receipts from customers compared to the previous period[12] - Operating cash flow for Q1 2024 was ¥10,190,884.85, a decrease of 62.0% compared to ¥26,832,985.24 in Q1 2023[39] - Total cash inflow from operating activities was ¥59,522,249.73 in Q1 2024, down 20.0% from ¥74,491,284.49 in Q1 2023[39] - Cash outflow from operating activities increased to ¥49,331,364.88 in Q1 2024, compared to ¥47,658,299.25 in Q1 2023[39] - The net increase in cash and cash equivalents for Q1 2024 was ¥11,867,960.09, compared to a decrease of ¥24,333,431.79 in Q1 2023[41] Shareholder Information - The total number of shares held by the top ten shareholders increased from 67,645,198 to 71,653,129, representing an increase of 3,907,887 shares or 5.77%[19] - The largest shareholder, Hangzhou Chuanming Holdings, holds 27.53% of the shares, totaling 23,999,968 shares, unchanged from the previous period[19] - Zhang Song, the second-largest shareholder, holds 26.89% with 23,444,028 shares, having sold 100,044 shares during the period[19] Research and Development - Research and development expenses increased by 68.62% to CNY 4,085,746.72, reflecting the company's commitment to new product development[12] - Research and development expenses increased significantly to ¥4,085,746.72 in Q1 2024, compared to ¥2,423,104.27 in Q1 2023, marking a 68.6% rise[33] Other Financial Metrics - The weighted average return on equity based on net profit attributable to shareholders was 3.14%, slightly up from 3.12% in the previous year[10] - Other receivables increased by 122.45% to CNY 5,426,551.79, mainly due to increased prepaid expenses[11] - The company reported a significant increase in investment income by 266.19% to CNY 482,827.69, attributed to investments in lower-risk financial products[12] - Non-recurring gains and losses for the period totaled CNY 1,206,541.15 after tax[14] - Earnings per share for Q1 2024 were ¥0.15, compared to ¥0.13 in Q1 2023, indicating a 15.4% increase[35] Inventory and Current Assets - The total current assets decreased from ¥349,239,270.23 to ¥338,813,048.57, a decline of about 2.4%[27] - The company's inventory increased slightly from ¥61,238,342.82 to ¥62,781,811.21, an increase of approximately 2.5%[27] - Accounts receivable decreased from ¥39,314,098.55 to ¥33,113,882.73, a decline of approximately 15.7%[30] - Inventory increased slightly from ¥61,204,048.17 to ¥62,747,875.56, an increase of about 2.5%[31] - Total non-current assets decreased from ¥217,149,695.66 to ¥216,368,046.61, a decline of about 0.4%[31]
天铭科技(836270) - 2024 Q1 - 季度财报