Revenue and Profitability - The company's revenue for Q1 2024 reached ¥245,661,340.36, representing a 30.67% increase compared to ¥187,997,016.50 in the same period last year[5] - Net profit attributable to shareholders was ¥36,536,964.44, a significant increase of 72.51% from ¥21,179,819.33 year-on-year[5] - Basic and diluted earnings per share increased to ¥0.1914, up 72.43% from ¥0.1110 in the same period last year[5] - The net profit for Q1 2024 was CNY 42,043,413.09, a significant increase of 83.61% compared to CNY 22,876,080.12 in Q1 2023[24] - Operating profit for the quarter was CNY 43,326,494.71, compared to CNY 24,174,159.63 in the same period last year, marking an increase of 79.36%[24] - The total comprehensive income for the quarter was CNY 42,896,727.47, compared to CNY 17,596,268.75 in the previous year, indicating a growth of 143.06%[25] Cash Flow and Operating Activities - The net cash flow from operating activities was negative at -¥26,707,437.55, a decline of 236.23% compared to a positive cash flow of ¥19,604,029.63 in the previous year[5] - The company reported a net cash outflow from operating activities of CNY -26,707,437.55, contrasting with a net inflow of CNY 19,604,029.63 in Q1 2023[28] - Cash received from other operating activities increased by 133.85% to approximately $10.57 million, driven by higher interest income and government subsidies[13] - The company reported a total operating cash inflow of CNY 265,811,919.71, compared to CNY 184,631,903.25 in the previous year, reflecting an increase of 43.96%[28] Assets and Liabilities - Total assets decreased by 2.26% to ¥1,521,340,775.30 from ¥1,556,579,820.22 at the end of the previous year[5] - The company's cash and cash equivalents decreased to CNY 613,145,576.53 from CNY 722,682,141.17, a decline of 15.1%[19] - Total liabilities decreased to CNY 154,176,571.12 from CNY 202,313,497.61, a reduction of 23.8%[21] - The total equity attributable to shareholders increased to CNY 1,232,191,292.00 from CNY 1,225,029,449.67, reflecting a growth of 0.5%[21] Expenses and Costs - The total operating costs for Q1 2024 were CNY 202,272,926.05, up 24.69% from CNY 162,275,869.60 in Q1 2023[23] - Sales expenses surged by 98.08% to ¥6,824,618.50, attributed to higher compensation and business development costs[10] - Employee compensation payments increased by 36.95% to approximately $43.35 million, attributed to higher employee salaries during the reporting period[13] - Research and development expenses decreased to CNY 4,168,814.66 from CNY 5,009,935.87, a reduction of 16.73% year-over-year[24] Investments and Shareholder Activities - The company recognized investment income of ¥848,221.32, a dramatic increase of 27,619.19% compared to a loss of -¥3,082.29 in the previous year[10] - The company repurchased a total of 2,509,540 shares, accounting for 1.31% of the total share capital, with a total transaction amount of CNY 29,995,698.02[17] - The company plans to use between CNY 15 million and CNY 30 million for share repurchase at a maximum price of CNY 21.55 per share[17] Inventory and Receivables - The company reported a 203.50% increase in prepayments, amounting to ¥38,914,224.31, primarily due to increased inventory procurement[8] - Accounts receivable increased to CNY 173,929,868.84 from CNY 170,801,668.65, showing a growth of 1.24%[19] - Inventory rose to CNY 201,300,403.09, up 11.83% from CNY 180,005,445.12[20]
源飞宠物(001222) - 2024 Q1 - 季度财报