MDK(SH:688079)2024-04-28 07:46Financial Performance - The company's operating revenue for Q1 2024 was ¥115,874,580.90, representing a year-on-year increase of 22.30%[5]. - The net profit attributable to shareholders was -¥23,558,978.49, a decrease of ¥18,382,400 compared to the same period last year, primarily due to increased fixed asset depreciation and labor costs[9]. - Total revenue for Q1 2024 reached ¥115,874,580.90, a 22.3% increase from ¥94,743,858.55 in Q1 2023[20]. - Net loss for Q1 2024 was ¥24,948,683.53, compared to a net loss of ¥5,226,027.91 in Q1 2023, representing a significant decline in profitability[21]. - Basic and diluted earnings per share for Q1 2024 were both -¥0.06, compared to -¥0.01 in Q1 2023, indicating worsening earnings performance[22]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 49.40% to ¥24,929,911.36, attributed to increased payments to employees and other current liabilities[9]. - In Q1 2024, the company reported cash inflows from operating activities of CNY 184,293,637.60, slightly up from CNY 183,340,098.55 in Q1 2023[24]. - The net cash flow from operating activities decreased to CNY 24,929,911.36 in Q1 2024, compared to CNY 49,264,932.46 in Q1 2023, indicating a decline of approximately 49.3%[24]. - The company's cash and cash equivalents at the end of Q1 2024 stood at CNY 85,372,651.19, down from CNY 351,271,284.85 at the end of Q1 2023, reflecting a decrease of approximately 75.7%[25]. - The company reported a net cash decrease of CNY 41,483,842.80 in Q1 2024, contrasting with a net increase of CNY 43,861,322.97 in Q1 2023[25]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,458,843,205.22, an increase of 7.98% from the end of the previous year[6]. - The company's total current assets amounted to RMB 303,598,060.43, an increase from RMB 292,916,815.91 as of December 31, 2023, reflecting a growth of approximately 3.3%[15]. - Total liabilities rose to ¥979,979,814.45, compared to ¥774,136,419.67 in the previous year, indicating increased leverage[18]. - The equity attributable to shareholders decreased to ¥1,439,967,286.75 from ¥1,462,847,536.48, showing a decline in shareholder value[18]. Research and Development - Research and development expenses totaled ¥25,321,434.65, accounting for 21.85% of operating revenue, reflecting a 46.41% increase in R&D investment[6][9]. - Research and development expenses rose to ¥25,321,434.65, an increase of 46.5% from ¥17,294,513.08 in Q1 2023, indicating a focus on innovation[21]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,331[11]. - The largest shareholder, Lishui Meidike Investment Partnership, holds 41.16% of the shares[11]. - There are no significant changes in the top 10 shareholders or their participation in financing activities during the reporting period[13]. Operational Insights - The company faced a foreign exchange loss of ¥6,702,500 during the reporting period, impacting net profit[9]. - The company is focusing on the gradual mass production of micro-nano electronic RF filters, which contributed to the increase in sales revenue[9]. - The company has not disclosed any new product developments or technological advancements in the current report[13]. - The company has not indicated any plans for market expansion or mergers and acquisitions in the current quarter[13]. Cost Analysis - Total operating costs increased to ¥132,777,270.95, up 33.8% from ¥99,205,294.90 in the same period last year[20]. - The company reported a significant increase in financial expenses, with interest expenses rising to ¥3,856,261.75 from ¥1,785,061.93 in the previous year[21].