Financial Performance - Total operating revenue for Q1 2024 reached RMB 368,493,182.74, an increase of 30.2% compared to RMB 282,950,397.31 in Q1 2023[11] - Net profit for the period reached 89,830,881.46, compared to 67,599,507.54 in the prior year, reflecting a year-over-year increase of about 32.8%[30] - Total comprehensive income amounted to 88,482,397.47, an increase from 67,987,285.99 in the previous period, representing a growth of approximately 30.0%[25] - The net profit attributable to shareholders of the listed company was CNY 86,524,846.42, reflecting a growth of 34.95% compared to the same period last year[53] - Basic and diluted earnings per share were both 0.72, up from 0.54 in the same period last year, indicating a growth of 33.3%[25] - Basic and diluted earnings per share were both CNY 0.72, an increase of 33.33% from the previous year[53] Operating Costs and Expenses - Total operating costs for Q1 2024 were RMB 266,229,073.98, up 30.4% from RMB 204,044,796.30 in Q1 2023[11] - Research and development expenses for Q1 2024 amounted to RMB 23,747,449.99, representing an increase of 11.5% from RMB 21,284,982.91 in Q1 2023[11] - Research and development expenses totaled CNY 23,747,449.99, accounting for 6.44% of operating revenue, a decrease of 1.08 percentage points year-on-year[55] Cash Flow and Liquidity - Cash flow from operating activities generated a net inflow of 36,040,696.10, compared to 66,448,924.41 in the previous year, showing a decrease of approximately 45.6%[34] - Cash and cash equivalents at the end of the period totaled 829,604,106.71, down from 1,371,771,954.51, a decline of about 39.5%[27] - The company reported a net cash outflow from financing activities of -36,855,729.98, contrasting with a net inflow of 974,790,404.22 in the previous period[27] - The total cash inflow from financing activities was 368,069,691.41, down from 993,283,500.15, reflecting a decrease of about 63.0%[27] Assets and Liabilities - As of March 31, 2024, total assets amounted to RMB 3,570,265,443.10, showing a slight increase from RMB 3,553,872,356.51 as of December 31, 2023[20] - The total liabilities as of the end of Q1 2024 were RMB 609,760,402.70, a decrease from RMB 646,478,472.96 at the end of Q1 2023[10] - The total current liabilities decreased to RMB 546,554,617.29 in Q1 2024 from RMB 580,768,792.96 in Q1 2023, showing improved liquidity management[10] - The company reported a total current asset of RMB 2,259,428,277.32, down from RMB 2,375,922,898.55, indicating a decrease of approximately 4.9%[20] - The company's long-term equity investments increased significantly from RMB 59,344,193.84 to RMB 156,210,489.66, indicating a growth of approximately 163%[20] Shareholder Information - The number of shares held by the top shareholder, Ningbo Weixin Enterprise Management, is 17,250,000, representing 14.32% of total shares[2] - The company has no pledged shares among its top shareholders, indicating a stable ownership structure[2] - The company had a total of 3,069 common shareholders at the end of the reporting period[45] Government Support and Operational Performance - The company reported a VAT refund of RMB 3,066,510.42 and an additional VAT deduction of RMB 3,592,687.73, indicating strong operational performance[1] - The company reported a government subsidy of RMB 2,143,731.58, which positively impacted the current period's profit and loss[12] - The company is focusing on expanding its market presence and enhancing its product offerings, as indicated by ongoing investments in technology and development[12] Credit and Impairment - The company reported a credit impairment loss of -5,853,607.24, compared to -2,327,010.96 in the previous year, indicating a worsening in credit quality[30] - Interest income for the period was 10,120,301.85, slightly up from 9,995,395.62, indicating a growth of approximately 1.3%[30] - The company incurred interest expenses of 1,991,210.15, compared to 139,386.58 in the prior year, marking a significant increase[30] Non-Recurring Items - The company reported a non-recurring loss of CNY 19,094.47, impacting the overall financial results[42]
宏华数科(688789) - 2024 Q1 - 季度财报