Financial Performance - Net profit attributable to shareholders decreased by 49.58% to CNY 14,312,847.12, down from CNY 28,384,470.31 in the same period last year[11] - Operating revenue fell by 23.28% to CNY 123,903,383.07, primarily due to reduced sales and incomplete order fulfillment[14] - Total revenue for Q1 2024 was CNY 123.90 million, a decrease of 23.3% compared to CNY 161.49 million in Q1 2023[37] - Net profit for Q1 2024 was CNY 14.20 million, a decline of 49.8% from CNY 28.25 million in Q1 2023[38] - Total operating revenue for Q1 2024 was ¥101,140,041.33, a decrease from ¥158,769,167.56 in Q1 2023, representing a decline of approximately 36.3%[39] - Net profit for Q1 2024 was ¥12,908,716.86, compared to ¥31,677,657.95 in Q1 2023, indicating a decrease of about 59.3%[39] Assets and Liabilities - Total assets increased by 2.39% to CNY 1,079,630,385.68 compared to the end of last year[11] - The company's asset-liability ratio (consolidated) was 29.49%, slightly up from 29.28% at the end of the previous year[11] - Total liabilities increased to CNY 318,374,212.11 from CNY 308,679,806.74, marking a rise of approximately 3.4%[32] - Current assets decreased to CNY 684,839,663.82 from CNY 707,868,500.16, representing a decline of about 3.2%[30] - Non-current assets totaled CNY 394,790,721.86, up from CNY 346,511,469.86, indicating a growth of approximately 13.9%[31] Cash Flow - Net cash flow from operating activities decreased by 1,706.45% to -CNY 82,901,111.37, attributed to lower sales and increased customer credit terms[14] - Cash flow from operating activities for Q1 2024 was negative at -¥82,901,111.37, compared to a positive cash flow of ¥5,160,521.85 in Q1 2023[43] - Cash inflow from operating activities totaled $71.20 million, while cash outflow was $109.31 million, leading to a net cash outflow[45] Research and Development - Research and development expenses increased by 84.68% to CNY 9,351,355.35, reflecting the company's commitment to enhancing R&D investment[14] - Research and development expenses increased to CNY 9.35 million in Q1 2024, compared to CNY 5.06 million in Q1 2023, reflecting an increase of 84.9%[37] - Research and development expenses increased to ¥7,601,185.48 in Q1 2024 from ¥3,665,266.04 in Q1 2023, marking an increase of about 107.1%[39] Shareholder Information - The total number of unrestricted shares at the end of the reporting period was 25,125,141, representing 24.56% of total shares[17] - The total number of restricted shares was 77,172,859, accounting for 75.44% of total shares[17] - The largest shareholder, Huang Yuzhong, holds 40,778,759 shares, which is 39.86% of the total[18] - The second-largest shareholder, Qin Junming, owns 13,950,000 shares, representing 13.64%[18] - The company has no pledges or judicial freezes on shares held by shareholders with over 5% ownership[20] Commitments and Compliance - The company has committed to long-term share lock-up agreements starting from July 22, 2022[23] - The company has committed to avoiding competition with related parties as per the commitment letter dated July 22, 2022[24] - The company has pledged to reduce related party transactions, ensuring compliance with regulations as stated in the commitment letter dated July 22, 2022[24] - The company has made a commitment to stabilize its stock price, as outlined in the commitment letter dated July 22, 2022[24] - The company has ensured the authenticity, accuracy, and completeness of the issuance application documents as per the commitment made on February 28, 2023[24] Other Financial Metrics - Investment income dropped by 80.45% to CNY 1,650.00, mainly due to reduced returns from bank wealth management products[14] - The company reported a significant increase in deferred tax assets, rising to CNY 16,226,993.51 from CNY 12,091,172.83, a growth of approximately 34.5%[31] - The company’s short-term borrowings increased to CNY 152,037,098.57 from CNY 137,365,739.21, representing an increase of about 10.7%[32] - Total comprehensive income for Q1 2024 was ¥12,574,759.30, down from ¥31,774,557.95 in Q1 2023, a decrease of approximately 60.4%[40]
中裕科技(871694) - 2024 Q1 - 季度财报