I2SOFT(BJ:830799)2024-04-26 12:47Financial Performance - Net profit attributable to shareholders for Q1 2024 was ¥11,503,855.89, representing a significant increase of 74.18% year-over-year[10] - Operating revenue for the first quarter of 2024 was ¥135,807,848.71, up 6.87% from the same period last year[10] - The basic earnings per share for Q1 2024 was ¥0.05, an increase of 66.67% compared to ¥0.03 in the same period last year[10] - Operating profit for Q1 2024 was ¥11,655,006.93, compared to ¥6,481,528.24 in Q1 2023, indicating a significant increase of approximately 80.5%[55] - Net profit for Q1 2024 was ¥11,990,526.16, up from ¥7,255,588.70 in Q1 2023, reflecting a growth of about 65.5%[55] - Total operating revenue for Q1 2024 reached ¥135,807,848.71, an increase from ¥127,072,469.84 in Q1 2023, representing a growth of approximately 6.8%[54] - Operating revenue for Q1 2024 reached ¥128,553,430.08, a 24.3% increase from ¥103,468,129.20 in Q1 2023[57] - Net profit for Q1 2024 was ¥12,202,036.99, compared to ¥2,700,015.68 in Q1 2023, representing a significant increase of 352.5%[57] - Operating profit for Q1 2024 was ¥11,798,658.95, up from ¥1,944,069.71 in Q1 2023, indicating a growth of 507.5%[57] Assets and Liabilities - Total assets as of March 31, 2024, reached ¥930,334,355.24, a slight increase of 0.22% compared to the end of 2023[10] - Total liabilities decreased to ¥525,174,482.01 as of March 31, 2024, from ¥533,083,088.02 on December 31, 2023, a reduction of approximately 1.5%[50] - Total assets stood at ¥930,334,355.24 as of March 31, 2024, compared to ¥928,321,534.22 on December 31, 2023, showing a slight increase of 0.22%[49] - The company's equity increased to ¥405,159,873.23 as of March 31, 2024, from ¥395,238,446.20 on December 31, 2023, marking an increase of about 2.3%[50] - Total liabilities rose to ¥589,295,772.44 from ¥577,784,025.75, which is an increase of about 2.2%[53] - Shareholders' equity increased to ¥364,320,859.23 from ¥354,187,921.39, showing a growth of approximately 2.9%[53] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥91,997,775.00, a decrease of 4.00% compared to the previous year[10] - Cash flow from operating activities for Q1 2024 was -¥91,997,775.00, an improvement from -¥95,831,563.15 in Q1 2023[60] - Cash flow from investment activities in Q1 2024 was -¥65,208,824.55, compared to a positive cash flow of ¥9,801,429.81 in Q1 2023[60] - Cash flow from financing activities for Q1 2024 was -¥2,748,894.55, down from a positive cash flow of ¥29,745,559.78 in Q1 2023[60] - Total cash and cash equivalents at the end of Q1 2024 were ¥64,248,729.44, a decrease from ¥212,437,971.84 at the end of Q1 2023[60] Shareholder Information - Total share capital is 210,369,300 shares with 7,094 common shareholders[17] - Major shareholders include Wu Zhen with 24.42% (51,367,973 shares) and Zhang Yan with 15.87% (33,392,982 shares) of total shares[20] - The top ten shareholders collectively hold 73.18% of the total shares, amounting to 153,948,010 shares[20] Inventory and Receivables - Accounts receivable increased by 46.81% to ¥292,877,980.22, primarily due to revenue not yet collected[11] - Inventory rose by 33.93% to ¥15,880,764.27, attributed to unrecognized project revenue[11] - Accounts receivable increased significantly to ¥292,877,980.22 as of March 31, 2024, compared to ¥199,498,561.35 on December 31, 2023, reflecting a growth of approximately 46.8%[48] - The company reported a significant increase in inventory, rising to ¥15,880,764.27 as of March 31, 2024, from ¥11,857,099.86 on December 31, 2023, which is an increase of approximately 33.0%[48] Research and Development - Research and development expenses for Q1 2024 were ¥18,293,269.37, slightly down from ¥18,725,224.92 in Q1 2023, indicating a decrease of about 2.3%[54] - Research and development expenses for Q1 2024 were ¥14,917,118.95, slightly higher than ¥14,174,022.39 in Q1 2023, reflecting a 5.2% increase[57] Corporate Governance - The company has no significant litigation or arbitration matters during the reporting period, with total claims amounting to 210,000.00 yuan, representing 0.05% of net assets[24] - The company provided external guarantees totaling 7,300,000.00 yuan, with no outstanding balance[26] - There were no major related party transactions or fund misappropriation incidents reported[23] - The company has not experienced any asset seizures or freezes during the reporting period[24] - The company has not disclosed any significant new product developments or market expansions in this report[22] - The company has not engaged in any mergers or acquisitions during the reporting period[22] Stock Repurchase and Incentives - The company approved an employee stock ownership plan, granting 858,000 restricted shares to 84 incentive targets[29] - The company completed the grant registration of the restricted stock under the equity incentive plan on September 8, 2021, with a total of 207,300 shares granted, accounting for 0.0983% of the total share capital[30] - As of August 12, 2022, 59 incentive recipients had their stock restrictions lifted, totaling 227,250 shares, which is 0.10% of the total share capital[33] - The company repurchased and canceled 106,500 shares of restricted stock from 11 departing incentive recipients as of August 4, 2022[32] - The company plans to repurchase between 510,000 and 1,000,000 shares at a price not exceeding 15.19 CNY per share, representing 0.36%-0.71% of the total share capital[35] - The company plans to repurchase between 250,000 and 500,000 shares at a price not exceeding 13.08 CNY per share, representing 0.12%-0.24% of the total share capital[39]