Feymer(SH:688350)2024-04-29 09:28Financial Performance - The company's revenue for Q1 2024 was CNY 359,316,221.44, representing a decrease of 3.28% compared to the same period last year[4] - Net profit attributable to shareholders was CNY 13,737,901.17, an increase of 1.99% year-on-year[4] - The net profit after deducting non-recurring gains and losses was CNY 11,827,437.33, which is a 13.16% increase compared to the previous year[4] - Total operating revenue for Q1 2024 was ¥359,316,221.44, a decrease of 3.1% from ¥371,485,658.61 in Q1 2023[19] - Net profit for Q1 2024 was ¥11,804,500.85, slightly up from ¥11,636,531.02 in Q1 2023, representing an increase of 1.4%[20] - The company’s total comprehensive income for Q1 2024 was ¥11,804,500.85, compared to ¥11,636,531.02 in Q1 2023, reflecting a slight increase[20] - The net profit for Q1 2024 reached CNY 19,514,630.48, representing an increase of 16.1% from CNY 16,808,210.00 in Q1 2023[28] Research and Development - Research and development expenses totaled CNY 19,264,381.61, accounting for 5.36% of revenue, an increase of 1.14 percentage points[5] - Research and development expenses increased to ¥19,264,381.61 in Q1 2024, up 22.5% from ¥15,669,388.94 in Q1 2023[19] - Research and development expenses increased to CNY 10,577,976.47 in Q1 2024, up from CNY 8,676,505.05 in Q1 2023, indicating a focus on innovation[27] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,440,391,490.20, a decrease of 2.00% from the end of the previous year[5] - As of March 31, 2024, the company's total assets amounted to RMB 2,440,391,490.20, a decrease from RMB 2,490,206,974.45 at the end of 2023[16] - Total liabilities decreased to ¥877,203,673.50 in Q1 2024 from ¥907,854,318.70 in Q1 2023, a reduction of 3.9%[18] - Total liabilities decreased to ¥744,267,153.54 in Q1 2024 from ¥779,607,616.17 in Q1 2023, reflecting a reduction of approximately 4.5%[26] - The total liabilities and shareholders' equity amounted to CNY 2,284,557,943.87, a slight decrease from CNY 2,330,996,620.68 in the previous year[27] Cash Flow - Cash flow from operating activities was CNY 38,457,270.07, with no applicable year-on-year comparison[4] - Operating cash flow for Q1 2024 was ¥38,457,270.07, a significant improvement from -¥46,025,592.56 in Q1 2023[22] - Total cash inflow from operating activities increased to ¥367,537,445.65 in Q1 2024, compared to ¥333,361,900.53 in Q1 2023, reflecting a growth of approximately 10.2%[22] - Cash outflow from operating activities decreased to ¥329,080,175.58 in Q1 2024 from ¥379,387,493.09 in Q1 2023, indicating a reduction of about 13.3%[22] - The cash flow from operating activities generated a net amount of CNY 45,816,331.03, a significant improvement compared to a net outflow of CNY 28,233,160.93 in Q1 2023[29] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 4,813[12] - The company reported a total of 3,210,305 shares held in the repurchase special securities account, which is not included in the top 10 shareholders[15] - The top shareholder, Beijing Ruishibang Fine Chemical Technology Co., Ltd., holds 5,907,500 shares, accounting for 4.84% of total shares[15] - The company has engaged in securities lending, with 81,000 shares lent out, representing 0.07% of total shares[15] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[31] - The earnings per share for Q1 2024 is expected to improve as the company focuses on enhancing profitability and operational efficiency[31]