Financial Performance - The company's operating revenue for Q1 2024 was ¥123,153,528.88, a decrease of 18.85% compared to ¥151,766,143.71 in the same period last year[5] - Net profit attributable to shareholders was ¥12,434,952.95, down 28.09% from ¥17,292,758.70 year-on-year[5] - Basic and diluted earnings per share were both ¥0.1690, representing a decrease of 28.09% from ¥0.2350 in the previous year[5] - Total operating revenue for Q1 2024 was CNY 123,153,528.88, a decrease of 18.9% compared to CNY 151,766,143.71 in the same period last year[17] - Net profit for Q1 2024 was CNY 12,145,133.12, representing a decline of 29.8% from CNY 17,278,607.52 in Q1 2023[19] Cash Flow - The net cash flow from operating activities was ¥15,988,634.22, reflecting a decline of 19.82% compared to ¥19,941,336.75 in Q1 2023[5] - Cash flow from operating activities for Q1 2024 was CNY 15,988,634.22, a decrease of 19.4% compared to CNY 19,941,336.75 in Q1 2023[20] - Cash inflow from operating activities totaled CNY 112,732,195.20, down 29.0% from CNY 158,613,697.51 year-over-year[20] - Cash outflow from operating activities was CNY 96,743,560.98, a reduction of 30.3% compared to CNY 138,672,360.76 in the same period last year[20] - The net cash flow from investing activities was negative at -¥15,200,675.28, a significant increase in outflows compared to -¥1,613,559.05 in the same period last year[9] - The net cash flow from investment activities was -15,200,675.28 CNY, indicating a significant outflow compared to the previous year's outflow of -1,613,559.05 CNY[21] - The net cash flow from financing activities was -9,054,068.67 CNY, a decrease from the previous year's inflow of 3,292,678.63 CNY[21] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥845,949,470.37, a slight decrease of 0.57% from ¥850,758,447.40 at the end of the previous year[5] - The total liabilities decreased to CNY 75,137,318.12 from CNY 84,768,812.46, a reduction of about 11.4%[15] - The company's cash and cash equivalents decreased to CNY 534,577,014.38 from CNY 542,843,106.40, reflecting a decline of approximately 1.5%[14] - Accounts receivable increased to CNY 58,884,393.11 from CNY 52,868,674.31, representing an increase of about 11.5%[14] - Inventory decreased significantly from CNY 117,068,005.29 to CNY 104,645,395.03, a reduction of approximately 10.6%[15] Other Financial Metrics - Sales expenses decreased by 30.59% to ¥15,318,727.91, attributed to a reduction in marketing costs corresponding to lower sales volume[9] - Other income dropped by 94.15% to ¥428,529.81, primarily due to changes in tax refunds received by subsidiaries[9] - The company reported a credit impairment loss of CNY -319,056.53, compared to a gain of CNY 241,449.92 in the previous year[19] - The company's total equity attributable to shareholders increased to CNY 765,512,700.94 from CNY 760,400,363.80[19] Strategic and Operational Changes - The company has not reported any significant changes in its shareholder structure or major strategic initiatives during this quarter[13] - The report indicates that the new accounting standards were first implemented in 2024, affecting the financial statements[22] - The company has not undergone an audit for the first quarter report[22] - The company's board of directors released the first quarter report on April 25, 2024[22]
利仁科技(001259) - 2024 Q1 - 季度财报