Financial Performance - Operating revenue for the first quarter of 2024 reached CNY 153,676,683.10, representing a year-on-year increase of 17.41%[11] - Net profit attributable to shareholders for the first quarter was CNY 10,976,426.19, up 2.19% from the same period last year[11] - Total operating revenue for Q1 2024 reached ¥153,676,683.10, an increase from ¥130,890,335.62 in Q1 2023, representing a growth of approximately 17.3%[38] - Net profit for Q1 2024 was ¥10,995,156.82, slightly higher than ¥10,760,419.23 in Q1 2023, reflecting a growth of approximately 2.2%[39] - The company’s total comprehensive income for Q1 2024 was ¥11,061,575.00, down from ¥17,657,261.10 in Q1 2023, a decrease of 37.5%[42] Assets and Liabilities - Total assets as of March 31, 2024, were CNY 1,043,762,574.49, a decrease of 2.36% compared to the end of the previous year[11] - The company's total assets amounted to ¥1,394,071,844.14, compared to ¥1,380,291,097.63 in the previous period, showing an increase of about 1.0%[37] - Total liabilities decreased to ¥235,056,964.63, down 13.4% from ¥271,250,624.62[34] - Current liabilities amounted to ¥207,838,068.32, a reduction of 13.2% compared to ¥239,244,666.23[33] - The company's equity attributable to shareholders increased to ¥808,884,602.85, up from ¥797,908,176.66, representing a growth of 1.2%[34] Cash Flow - The net cash flow from operating activities improved by 34.66%, amounting to CNY -27,776,476.13, compared to CNY -42,512,154.99 in the previous year[13] - Cash flow from operating activities showed a net outflow of ¥27,776,476.13 in Q1 2024, compared to a net outflow of ¥42,512,154.99 in Q1 2023[43] - The total cash and cash equivalents at the end of the period decreased to $262.21 million from $200.02 million last year[47] - The net decrease in cash and cash equivalents for the period was -$49.81 million, compared to -$32.45 million last year[47] Expenses - Sales expenses increased by 72.87% to CNY 42,858,599.88, primarily due to increased marketing efforts on platforms like JD.com and Douyin[12] - Total operating costs for Q1 2024 were ¥141,196,418.48, up from ¥115,322,945.32 in Q1 2023, indicating an increase of about 22.5%[38] - Total operating expenses increased to ¥195,642,415.60 in Q1 2024 from ¥158,912,810.18 in Q1 2023, reflecting a rise of 23.1%[43] Shareholder Information - The total number of ordinary shares remained at 124,500,000, with 5,078 shareholders[18] - The largest shareholder, Beijing Huili Information Consulting Center, holds 28,461,255 shares, representing 22.86% of total shares[20] - The total shares held by the top ten shareholders amount to 78,502,055, which is 63.05% of the total shares[20] - The company has no pledges or judicial freezes on shares held by shareholders[21] Equity and Incentives - The company has implemented an employee stock ownership plan that commenced in December 2021 and will last for 10 years[24] - A new equity incentive plan was approved on September 18, 2023, with the first grant of restricted stock completed on December 6, 2023[25] Asset Quality - The company reported a decrease in credit impairment losses from ¥815,060.16 in Q1 2023 to ¥251,343.38 in Q1 2024, indicating improved asset quality[39] - The company reported a decrease in credit impairment losses to ¥-304,469.31 in Q1 2024 from ¥-801,259.49 in Q1 2023, indicating improved credit quality[41] Future Plans - The company plans to focus on market expansion and new product development in the upcoming quarters[35]
康比特(833429) - 2024 Q1 - 季度财报