Financial Performance - Net profit attributable to shareholders rose by 36.35% to CNY 6,727,697.19 for Q1 2024, up from CNY 4,934,159.09 in Q1 2023[10] - Operating revenue for Q1 2024 reached CNY 116,872,464.90, reflecting a 15.23% increase from CNY 101,427,652.72 in the same period last year[10] - The basic earnings per share improved by 28.57% to CNY 0.09, compared to CNY 0.07 in the previous year[10] - The weighted average return on equity based on net profit attributable to shareholders was 1.69%, up from 1.34% in the same period last year[10] - Operating profit for Q1 2024 was ¥7,914,414.80, up from ¥6,041,136.56 in Q1 2023, reflecting a growth of 31.1%[40] - Net profit for Q1 2024 was ¥6,727,697.19, representing a 36.2% increase from ¥4,934,159.09 in Q1 2023[40] - The comprehensive income total for Q1 2024 was ¥6,731,197.21, compared to ¥4,934,159.09 in Q1 2023, indicating a growth of 36.4%[40] Cash Flow - Net cash flow from operating activities surged by 3,584.53% to CNY 5,288,525.70, compared to CNY 143,533.41 in Q1 2023[10] - Operating cash inflow for Q1 2024 reached ¥135,371,902.27, a significant increase from ¥80,801,926.06 in Q1 2023, representing a growth of approximately 67.5%[45] - Net cash flow from operating activities for Q1 2024 was ¥5,288,525.70, compared to only ¥143,533.41 in Q1 2023, indicating a substantial improvement[45] - Investment cash inflow for Q1 2024 totaled ¥80,235,161.86, up from ¥28,061,917.65 in Q1 2023, marking an increase of about 186.5%[46] - Net cash flow from investment activities in Q1 2024 was ¥39,363,010.05, a turnaround from a negative cash flow of ¥34,165,799.48 in Q1 2023[46] - Cash and cash equivalents at the end of Q1 2024 amounted to ¥146,611,387.49, compared to ¥108,630,063.44 at the end of Q1 2023, reflecting a year-over-year increase of approximately 35%[46] Assets and Liabilities - Total assets increased by 1.16% to CNY 563,241,060.41 as of March 31, 2024, compared to CNY 556,771,873.51 at the end of 2023[10] - The company's asset-liability ratio decreased to 28.88% for consolidated statements, down from 29.26% at the end of 2023[10] - Current liabilities totaled ¥148,385,323.43, slightly down from ¥148,629,633.15, indicating a decrease of about 0.16%[34] - Non-current liabilities remained stable at ¥14,258,141.37 compared to ¥14,275,841.96, showing a marginal decrease of 0.12%[34] - Total liabilities decreased slightly to ¥162,643,464.80 from ¥162,905,475.11, indicating a reduction of about 0.16%[34] - Shareholders' equity rose to ¥400,597,595.61 from ¥393,866,398.40, reflecting an increase of approximately 1.85%[34] Expenses - Sales expenses rose by 53.56% to CNY 3,974,882.04, attributed to increased business development costs[11] - Management expenses increased by 49.87% to CNY 5,510,779.41, mainly due to a rise in employee numbers and compensation[11] - Research and development expenses for Q1 2024 amounted to ¥5,552,360.61, up from ¥4,683,608.96 in Q1 2023, marking a rise of 18.5%[39] - Total operating costs for Q1 2024 were ¥108,832,786.58, an increase of 13.9% from ¥95,446,605.48 in Q1 2023[39] - The tax expense for Q1 2024 was ¥1,191,603.53, slightly higher than ¥1,110,361.72 in Q1 2023, reflecting a growth of 7.3%[40] Shareholder Information - The company reported a total of 59,246,955 shares held by the top ten shareholders, representing 80.06% of total shares[20] - The largest shareholder, Changshu Hongbo Communication Technology Co., Ltd., holds 38,873,866 shares, accounting for 52.53% of total shares[20] - The company has no shareholders with pledged or judicially frozen shares[21] Fixed Assets and Commitments - The company has fixed assets valued at 68,759,308.68 yuan as of March 31, 2024, a slight decrease from 69,786,591.43 yuan at the end of 2023[32] - The company has pledged assets totaling 28,241,301.12 yuan, which represents 5.02% of total assets, primarily for bank loan collateral[27] - The company has no new commitments during the reporting period, and all existing commitments have been fulfilled[25] - The company has entered into a lease agreement for a factory with an area of 8,328 square meters, with a total rental amount of 1,998,720.00 yuan for the period from May 1, 2024, to April 30, 2026[24] Legal Matters - The company has no ongoing litigation or arbitration matters during the reporting period[23]
泓禧科技(871857) - 2024 Q1 - 季度财报