Financial Performance - Net profit attributable to shareholders for Q1 2024 was CNY -7,595,617.50, representing an improvement of 11.78% from CNY -8,609,992.51 in Q1 2023[10] - Operating revenue for Q1 2024 increased by 14.84% to CNY 63,662,545.06 compared to CNY 55,437,814.48 in the same period last year[10] - The company recorded a net non-operating income of CNY 417,143.82 for the period, after accounting for government subsidies and other factors[15] - The weighted average return on equity based on net profit attributable to shareholders was -2.62% for Q1 2024, slightly improved from -2.69% in Q1 2023[10] - The company reported a significant increase in sales expenses, which rose to ¥2,408,715.41 from ¥4,556,752.52, indicating a decrease of about 47.3%[32] - The net loss for Q1 2024 was ¥9,210,651.47, compared to a net loss of ¥9,993,128.23 in Q1 2023, showing an improvement[35] - The company’s total comprehensive loss for Q1 2024 was ¥9,210,651.47, compared to a total comprehensive loss of ¥9,993,128.23 in Q1 2023[35] Assets and Liabilities - Total assets as of March 31, 2024, were CNY 466,072,109.76, a decrease of 1.64% compared to the end of 2023[10] - The company's total liabilities to assets ratio was 38.71% as of March 31, 2024, slightly up from 38.12% at the end of 2023[10] - Total liabilities as of March 31, 2024, were ¥180,407,855.67, slightly down from ¥180,616,388.23, a decrease of 0.12%[28] - The company's total equity decreased to ¥285,664,254.09 from ¥293,245,182.00, a decline of 2.58%[28] - Total current assets amounted to ¥217,172,113.61, a decrease of 8.06% from ¥236,178,501.81 on December 31, 2023[26] - Total non-current assets increased to ¥248,899,996.15 from ¥237,683,068.42, reflecting an increase of 4.93%[27] Cash Flow - The net cash flow from operating activities was CNY -22,884,574.86, a significant decline of 860.31% from CNY 3,009,893.79 in Q1 2023[10] - The total cash and cash equivalents at the end of Q1 2024 were ¥51,314,178.16, down from ¥61,333,557.79 at the end of Q1 2023[37] - The company reported cash payments related to operating activities totaling $83,011,024.62, an increase from $59,347,245.39, indicating higher operational costs[39] - The company experienced a net increase in cash and cash equivalents of -$16,241,778.21, compared to a positive increase of $12,047,483.10 in the previous period, indicating a challenging cash flow environment[39] Investments and Expenses - Research and development expenses rose by 55.04% to CNY 5,553,516.21, reflecting increased investment in new energy vehicle components[12] - Research and development expenses for Q1 2024 were ¥5,553,516.21, compared to ¥3,581,897.27 in Q1 2023, representing an increase of approximately 55.0%[32] - Deferred tax assets increased to ¥10,732,493.01 from ¥8,167,014.50, reflecting a growth of approximately 31.4%[31] Shareholder Information - The total number of shares outstanding is 157,285,000, with 50.97% being unrestricted shares held by controlling shareholders[17] - The largest shareholder, Tang Xuwen, holds 98,700,000 shares, representing 62.75% of the total shares[18] - The company has 4,416 common shareholders as of the end of the reporting period[17] - There are no significant changes in the shareholding structure during the reporting period[18] Legal and Compliance - The company has no litigation or arbitration matters reported during the period[22] - There are no significant related party transactions or external guarantees reported[22] - The company has fulfilled all disclosed commitments without any violations[23] - The company has no pledged or frozen assets except for minor amounts related to bank guarantees[23]
荣亿精密(873223) - 2024 Q1 - 季度财报