Financial Performance - The company's operating revenue for Q1 2024 was ¥89,005,917.53, representing a decrease of 5.92% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥1,732,337.1, down 13.85% year-over-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥967,553.61, a decline of 238.44%[5]. - Basic and diluted earnings per share were both ¥0.01, down 50% compared to the previous year[5]. - The net profit for Q1 2024 is CNY 1,732,337.1, a decrease of 13.9% compared to CNY 2,010,936.22 in Q1 2023[21]. - The company reported a total profit of CNY 1,954,218.23 in Q1 2024, a decrease of 2.8% from CNY 2,010,936.22 in Q1 2023[21]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥14,939,949.09, reflecting a decrease of 156.72%[5]. - Operating cash flow for Q1 2024 is negative at CNY -14,939,949.09, compared to a positive CNY 26,340,868.29 in Q1 2023[24]. - Cash and cash equivalents decreased to RMB 311,770,061.02 from RMB 394,127,082.47 as of December 31, 2023, representing a decline of 20.9%[14]. - Cash and cash equivalents at the end of Q1 2024 stand at CNY 98,068,799.8, down from CNY 252,571,815.64 at the end of Q1 2023[26]. - The company’s total cash outflow from financing activities in Q1 2024 was CNY 51,055,026.14, compared to CNY 12,142,014.94 in Q1 2023, indicating a significant increase in cash outflow[26]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,172,472,496.50, down 4.84% from the end of the previous year[6]. - Total assets decreased to RMB 1,172,472,496.50 from RMB 1,232,102,355.71, a reduction of 4.8%[16]. - Total liabilities decreased to RMB 386,407,363.17 from RMB 447,769,559.48, a decline of 13.7%[16]. - The equity attributable to shareholders was ¥786,065,133.33, an increase of 0.22% compared to the previous year[6]. - The company reported that the equity attributable to shareholders increased slightly to RMB 786,065,133.33 from RMB 784,332,796.23[16]. Operating Costs and Expenses - Total operating costs for Q1 2024 were RMB 90,120,254.10, slightly down from RMB 94,232,715.26 in Q1 2023[19]. - The company incurred total sales expenses of CNY 11,791,469.21 in Q1 2024, compared to CNY 14,247,380.68 in Q1 2023, indicating a reduction of approximately 17.5%[24]. - Research and development expenses increased to CNY 5,626,159.51 in Q1 2024, up from CNY 4,705,735.41 in Q1 2023, representing a growth of about 19.5%[24]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,102[11]. - There were no changes in major shareholders or significant financing activities reported[12]. Government Support - The company received government subsidies amounting to ¥556,515.75 during the reporting period[7]. Market and Product Development - The company has not disclosed any new product launches or significant market expansion plans during this quarter[13].
法狮龙(605318) - 2024 Q1 - 季度财报