FLARIANT(SH:605566)2024-04-26 14:02Financial Performance - The company's operating revenue for Q1 2024 was ¥219,327,418.16, representing a decrease of 2.21% compared to the same period last year[5] - Net profit attributable to shareholders was ¥15,103,617.90, showing a slight increase of 0.89% year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥12,504,116.39, which reflects a decrease of 16.74% compared to the previous year[5] - Total operating revenue for Q1 2024 was CNY 219,327,418.16, a decrease of 2.3% compared to CNY 224,287,623.59 in Q1 2023[18] - Net profit for Q1 2024 was CNY 11,758,900.76, a decline of 23.5% from CNY 15,385,278.29 in Q1 2023[19] - The total comprehensive income for Q1 2024 was CNY 11,844,936.31, down from CNY 14,831,663.34 in Q1 2023[19] Cash Flow - The net cash flow from operating activities was ¥49,263,010.42, with no applicable year-on-year comparison[5] - Cash flow from operating activities generated a net inflow of CNY 49,263,010.42, a significant improvement compared to a net outflow of CNY -7,065,870.39 in Q1 2023[21] - The net cash flow from investment activities was -65,268,758.64, indicating a significant outflow compared to the previous period's -2,241,638.96[22] - Cash inflow from financing activities totaled 26,500,000.00, while cash outflow was 139,757,177.47, resulting in a net cash flow of -113,257,177.47[22] - The net increase in cash and cash equivalents was -128,219,552.08, down from -16,015,212.91 in the previous period[22] - The ending balance of cash and cash equivalents was 953,600,831.95, compared to 988,830,534.56 at the end of the previous period[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,570,952,009.31, down 8.35% from the end of the previous year[6] - The company's current assets totaled ¥1,944,674,692.84, down from ¥2,166,706,968.71, indicating a decrease of about 10.2%[15] - Total liabilities decreased to ¥527,835,617.49 from ¥773,655,104.76, a reduction of approximately 31.8%[16] - The company's equity attributable to shareholders rose to ¥2,021,058,485.39 from ¥2,006,222,075.75, an increase of about 0.7%[16] - The company reported a decrease in short-term borrowings from ¥381,002,250.00 to ¥194,500,000.00, a reduction of approximately 48.9%[16] - The company’s non-current liabilities decreased from ¥61,189,817.33 to ¥38,319,289.84, a reduction of approximately 37.4%[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,933[11] - Zhejiang Fulai Ant Holding Co., Ltd. held 29.22% of the shares, making it the largest shareholder[11] - Li Baichun, a natural person, held 11.00% of the shares, totaling 14,668,806 shares[11] Research and Development - Research and development expenses increased to CNY 10,236,103.09 in Q1 2024, up from CNY 7,045,342.40 in Q1 2023, reflecting a focus on innovation[18] Other Income and Expenses - The company received government subsidies amounting to ¥3,044,573.41, which are closely related to its normal operations[8] - Other income for Q1 2024 was CNY 3,727,328.61, a substantial increase from CNY 87,525.66 in Q1 2023[18] - The company reported a decrease in credit impairment losses to CNY -3,300,554.59 in Q1 2024 from CNY -2,845,247.34 in Q1 2023[19] Future Plans - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[19] Accounting Standards - The company did not apply new accounting standards or interpretations for the first quarter of 2024[23]