Financial Performance - Operating revenue for Q1 2024 was ¥123,824,223.75, representing a significant increase of 68.03% compared to ¥73,693,334.31 in Q1 2023[12] - Net profit attributable to shareholders was -¥556,634.62, a decline of 211.35% from a profit of ¥499,882.30 in the same period last year[12] - Operating income decreased by 300.77% to -1,397,486.58 due to a lack of non-recurring income compared to the previous period[15] - Net profit fell by 211.35% to -556,634.62, primarily due to the absence of government subsidies received in the previous period[15] - Total profit for Q1 2024 was 3,060,142.12 yuan, compared to 4,240,207.70 yuan in Q1 2023, showing a decrease of about 28%[44] - The company reported a net profit of -556,634.62 yuan for the first quarter of 2024, compared to a net profit of 499,882.30 yuan in the same period of 2023, indicating a significant decline[43] - The company's net cash flow from operating activities for Q1 2024 was -1,910,452.20 CNY, a significant decrease compared to 19,551,284.62 CNY in Q1 2023[49] Cash Flow - The company's cash flow from operating activities showed a net outflow of -¥5,342,775.35, a decrease of 116.30% compared to the previous year's inflow of ¥32,779,899.09[12] - Cash flow from operating activities decreased by 116.30% to -5,342,775.35, attributed to reduced government subsidies and increased employee compensation[15] - Cash inflow from operating activities in Q1 2024 was 92,517,790.93 yuan, down from 103,581,665.76 yuan in Q1 2023, indicating a decrease of approximately 11%[46] - Total cash inflow from operating activities increased to 54,466,671.10 CNY in Q1 2024, up from 42,546,741.90 CNY in Q1 2023, representing a growth of approximately 28.5%[49] - The total cash outflow for operating activities was 56,377,123.30 CNY in Q1 2024, compared to 22,995,457.28 CNY in Q1 2023, reflecting an increase of about 145.5%[49] Assets and Liabilities - Total assets as of March 31, 2024, reached ¥772,461,165.79, a 0.69% increase from the end of the previous year[12] - The company's asset-liability ratio (consolidated) was 34.77%, slightly up from 34.25% at the end of the previous year[12] - The company’s total current liabilities increased to RMB 214,879,783.63 from RMB 207,044,287.54, an increase of about 3.9%[35] - The company’s non-current liabilities decreased to RMB 53,704,415.44 from RMB 55,704,155.92, a decrease of approximately 3.6%[35] - The company reported a total of RMB 48,384,297.27 in assets under restriction, accounting for 6.26% of total assets[29] Operating Costs and Expenses - The gross profit margin decreased due to increased operating costs, which rose by 60.14% to ¥108,235,547.55, driven by higher sales volume[14] - Total operating costs for Q1 2024 were ¥121,582,066.85, compared to ¥78,999,473.62 in Q1 2023, indicating an increase of about 54%[41] - The company reported a decrease in other operating expenses by 56.36% to 14,479.82, mainly due to reduced quality penalties[15] - The company incurred credit impairment losses of -645,885.60 yuan in Q1 2024, compared to -508,464.26 yuan in Q1 2023, reflecting an increase in credit risk[44] Shareholder Information - The total number of ordinary shares remained at 76,468,000, with 5,929 shareholders[20] - Major shareholders include Hou Shiyi with 38.42% and Hou Xue with 27.59% of shares[23] Research and Development - The company reported a research and development expense of ¥4,267,875.26 in Q1 2024, up from ¥3,607,754.24 in Q1 2023, reflecting a growth of about 18%[41] - Research and development expenses for Q1 2024 were 1,616,023.30 yuan, compared to 1,350,299.40 yuan in Q1 2023, reflecting an increase in investment in innovation[44] Financial Expenses - Financial expenses decreased by 51.79% to ¥301,693.07, primarily due to reduced bank loan amounts and interest expenses[14] - The company's financial expenses, including interest expenses, were 199,075.40 yuan in Q1 2024, compared to 177,456.75 yuan in Q1 2023, indicating a rise in financing costs[44]
晶赛科技(871981) - 2024 Q1 - 季度财报