Financial Performance - The company's revenue for Q1 2024 was CNY 206,259,923.73, representing a 104.95% increase compared to CNY 100,637,197.54 in the same period last year[5] - The net loss attributable to shareholders was CNY -6,750,779.94, a slight increase of 2.16% from CNY -6,608,229.51 year-over-year[5] - The net loss for Q1 2024 was CNY 8,898,460.71, compared to a net loss of CNY 6,754,283.31 in Q1 2023, reflecting a decline in profitability[20] - The company reported a basic earnings per share of CNY -0.0705, which is a 2.17% decrease from CNY -0.0690 in the same period last year[5] - The company reported a basic and diluted earnings per share of -0.0705 for Q1 2024, slightly worse than -0.0690 in Q1 2023[20] Cash Flow - The net cash flow from operating activities was CNY -35,842,513.82, a significant decline of 354.21% compared to CNY 14,099,674.38 in the previous year[5] - Cash inflow from operating activities totaled 226,440,140.75, compared to 143,451,306.44 in the prior period, indicating a 57.8% increase[22] - Cash outflow from operating activities increased to 262,282,654.57 from 129,351,632.06, representing a 102.5% rise[22] - The net cash flow from operating activities was -35,842,513.82, a decrease from 14,099,674.38 in the previous period[22] - The company reported a significant increase in cash received from other operating activities, rising to 72,099,924.81 from 5,625,691.50[22] - The company experienced a cash outflow of 96,652,569.98 for other operating activities, up from 30,526,563.63, marking a 216.5% increase[22] Assets and Liabilities - The total assets at the end of Q1 2024 amounted to CNY 1,522,367,847.31, reflecting a 13.83% increase from CNY 1,337,447,371.40 at the end of the previous year[5] - The total liabilities rose to CNY 606,079,883.23 in Q1 2024, compared to CNY 412,498,498.15 in the same period last year, an increase of about 47%[17] - The company’s total liabilities increased, with short-term borrowings rising to CNY 126,272,834.23 due to increased bank loans during Q1 2024[9] - The total current assets at the end of the reporting period amount to ¥895,953,831.16, compared to ¥729,805,224.15 at the beginning, marking an increase of approximately 22.8%[15] Operating Costs and Expenses - The operating costs increased to CNY 199,930,066.9, marking a 113.5% rise compared to CNY 93,644,917.51 in the previous year, primarily due to increased business volume[9] - The total operating costs for Q1 2024 were CNY 228,170,577.23, up from CNY 115,344,186.53 in the previous year, indicating an increase of about 97.8%[18] - The company reported a significant increase in sales expenses, which reached CNY 5,175,290.49, a 69.32% increase from CNY 3,056,581.32 year-over-year[9] - Research and development expenses for Q1 2024 were CNY 9,546,741.20, compared to CNY 8,640,932.41 in Q1 2023, showing an increase of approximately 10.5%[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 8,588[11] - The largest shareholder, Shenzhen Kaixin Investment Co., Ltd., holds 40.44% of shares, totaling 38,750,000 shares, with 2,900,000 shares pledged[11] - The top ten shareholders hold a combined total of 68.73% of the shares, indicating a concentrated ownership structure[11] - The company has no preferred shareholders or restricted shares reported[13] - The company has no changes in the number of shareholders participating in margin trading and securities lending[12] Other Financial Metrics - The company received government subsidies amounting to CNY 10,634,924.12, which positively impacted its financial performance[6] - The company experienced a 63.22% increase in credit impairment losses, amounting to CNY 2,340,129.97, primarily due to the recovery of overdue accounts[10] - Deferred tax assets decreased to CNY 53,346,214.55 from CNY 54,699,730.42 year-over-year, indicating a reduction of about 2.5%[16] - The total equity attributable to shareholders of the parent company was CNY 902,326,091.26, down from CNY 908,839,319.66 in the previous year, a decrease of approximately 0.6%[17] Cash and Cash Equivalents - The company's cash and cash equivalents increased to ¥156,088,894.86 from ¥140,077,416.29, representing a growth of approximately 11.4%[15] - The cash and cash equivalents at the end of the period increased to 128,137,592.02 from 124,479,095.47, a rise of 2.7%[23] - The impact of exchange rate changes on cash and cash equivalents was positive at 1,739,028.29, compared to a negative impact of -2,828.71 in the previous period[23]
凯旺科技(301182) - 2024 Q1 - 季度财报