Revenue and Profitability - The company's revenue for Q1 2024 reached ¥100,148,371.40, representing a 52.38% increase compared to ¥65,722,050.61 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥984,997.74, a decline of 140.75% from a profit of ¥2,417,304.05 in the previous year[5] - The total operating revenue for the first quarter was CNY 100,148,371.40, an increase of 52.5% compared to CNY 65,722,050.61 in the same period last year[22] - Net profit for Q1 2024 was CNY -1,085,683.57, compared to a net profit of CNY 2,417,304.05 in Q1 2023, indicating a significant decline[24] - The company’s total comprehensive income for Q1 2024 was CNY -1,085,683.57, down from CNY 2,417,304.05 in Q1 2023[24] Cash Flow and Financial Activities - The net cash flow from operating activities improved to ¥11,388,693.47, a significant increase of 146.25% from a negative cash flow of ¥24,622,322.83 in the prior year[5] - Cash flow from operating activities generated a net inflow of CNY 11,388,693.47 in Q1 2024, a recovery from a net outflow of CNY -24,622,322.83 in Q1 2023[27] - The company’s cash flow from financing activities included CNY 22,280,000.00 for debt repayment, reflecting a 100.00% increase due to loan repayments[10] - Investment activities resulted in a net cash outflow of CNY -26,856,306.38 in Q1 2024, compared to a much larger outflow of CNY -344,954,991.30 in Q1 2023[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,658,320,353.91, reflecting a 2.71% increase from ¥1,614,514,381.37 at the end of the previous year[5] - The total liabilities increased to CNY 211,482,643.01 from CNY 180,090,986.90, representing a rise of 17.4%[20] - The company's short-term borrowings increased by 32.82% to ¥77,772,500.01, attributed to an increase in bank loans[8] - The company's short-term borrowings increased to CNY 77,772,500.01 from CNY 58,553,624.99, reflecting a growth of 32.8%[20] Expenses and Costs - Research and development expenses rose to ¥4,483,669.51, marking a 58.60% increase compared to ¥2,827,060.51 in the same period last year[9] - Total operating costs for Q1 2024 were CNY 104,196,250.48, an increase from CNY 65,963,017.93 in Q1 2023, representing a growth of approximately 58%[23] - Cash paid to employees increased by 70.77% to CNY 14,095,729.62, driven by a rise in employee numbers and salaries[10] - The company incurred a financial expense of CNY 6,305.97 in Q1 2024, a significant change from a financial income of CNY -3,496,012.61 in Q1 2023[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,016, with no preferred shareholders[12] - The top shareholder, Fan Heqiang, holds 23.56% of the shares, amounting to 18,850,000 shares[12] - The company plans to repurchase shares with a total fund not less than CNY 20 million and not exceeding CNY 40 million, which could result in repurchasing between 666,667 and 1,333,333 shares, accounting for 0.83% to 1.67% of the total share capital[16] Other Financial Metrics - The weighted average return on net assets was -0.07%, down from 0.16% in the previous year[5] - The company experienced a 91.87% decline in investment income, which fell to ¥157,591.09 from ¥1,937,687.50 in the same period last year[9] - The company received government subsidies amounting to ¥1,799,030.94, contributing to its other income[6] - The company received tax refunds amounting to CNY 8,421,947.64, an increase of 42.79% year-on-year, primarily due to an increase in VAT refunds[10]
和顺科技(301237) - 2024 Q1 - 季度财报