Bojay(SZ:002975)2024-04-28 08:11Revenue and Profitability - The company's revenue for Q1 2024 reached ¥275,034,960.27, representing a 41.51% increase compared to ¥194,357,362.51 in the same period last year[5] - Net profit attributable to shareholders was ¥10,630,098.29, a significant turnaround from a loss of ¥10,552,584.47 in the previous year, marking a 200.73% improvement[5] - Total operating revenue for Q1 2024 reached ¥275,034,960.27, a significant increase of 41.5% compared to ¥194,357,362.51 in Q1 2023[25] - Net profit for Q1 2024 was ¥7,070,684.50, a turnaround from a net loss of ¥14,069,562.62 in Q1 2023[27] - The company reported a total comprehensive income of ¥7,200,239.44, compared to a loss of ¥13,825,957.44 in the same quarter last year[27] Cash Flow - The net cash flow from operating activities was negative at -¥100,203,512.06, a decline of 762.92% from a positive cash flow of ¥15,115,532.77 in the same period last year[12] - Cash flow from operating activities was ¥199,937,197.16, down from ¥342,909,808.53 in Q1 2023[28] - The net cash flow from operating activities for Q1 2024 was -100,203,512.06 CNY, compared to 15,115,532.77 CNY in Q1 2023, indicating a significant decline[29] - The net cash flow from investing activities was positive at ¥148,791,518.10, a significant improvement of 228.13% from -¥116,128,109.68 in the previous year[12] - The total net increase in cash and cash equivalents for Q1 2024 was 156,095,518.44 CNY, contrasting with a decrease of -102,112,097.66 CNY in the same period last year[30] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,830,720,868.83, reflecting a 3.73% increase from ¥2,729,050,419.23 at the end of the previous year[5] - The total liabilities increased to ¥1,116,944,788.25 from ¥1,039,072,275.30 year-over-year[23] - Total equity attributable to shareholders rose to ¥1,676,162,053.81, compared to ¥1,642,391,769.37 in the previous year[23] Investments and Financing - Investment income decreased by 143.13% to -¥566,985.58, mainly due to increased losses from investments in joint ventures[10] - The company received government subsidies amounting to ¥928,503.44, which contributed to the increase in other income by 73.34% to ¥5,134,454.78[10] - The company’s short-term borrowings rose by 46.04% to ¥271,108,071.99, attributed to increased bank loans during the reporting period[9] - Cash inflows from financing activities included 106,710,228.45 CNY from borrowings, indicating strong financing support[29] Operational Metrics - Operating costs for the same period were ¥260,414,466.83, up 18.1% from ¥220,493,266.57 in the previous year[26] - Research and development expenses for Q1 2024 were ¥40,209,874.01, a decrease of 17.2% from ¥48,545,788.76 in Q1 2023[26] - The cash paid to employees was ¥100,096,620.22, down from ¥151,044,893.32 in Q1 2023[28] Future Plans and Corporate Governance - The company plans to establish a subsidiary and apply for acquisition loans from banks, indicating future expansion strategies[17] - The company is also involved in a joint asset acquisition with investors, suggesting potential growth through strategic partnerships[17] - The company has announced an employee stock ownership plan draft, which may enhance employee engagement and retention[17] - The company’s major shareholders include Wang Zhaochun and Fu Lin, who are also the actual controllers, holding significant stakes in the company[16] Miscellaneous - The company reported a basic earnings per share of ¥0.08, compared to -¥0.08 in the same period last year, indicating a 200.00% increase[5] - The first quarter report was not audited, which may affect the reliability of the financial data presented[31]