Financial Performance - Net profit attributable to shareholders increased by 301.59% to ¥1,796,660.38 from a loss of ¥891,236.86 in the same period last year[10]. - Operating revenue rose by 15.33% to ¥33,991,989.13, driven primarily by growth in testing income[11]. - Total revenue for Q1 2024 reached ¥33,991,989.13, an increase from ¥29,474,078.43 in Q1 2023, representing a growth of approximately 15.5%[32]. - The company’s net profit for Q1 2024 reached CNY 6,300,917.49, an increase of 35.0% compared to CNY 4,665,557.76 in Q1 2023[34]. - The total profit for Q1 2024 was CNY 7,374,907.65, compared to CNY 5,121,229.32 in Q1 2023, reflecting a growth of 43.9%[34]. - The company reported a total comprehensive income of CNY 6,300,917.49 for Q1 2024, compared to a loss of CNY 1,268,684.12 in the same period last year[36]. - Basic earnings per share for Q1 2024 were CNY 0.02, compared to a loss of CNY 0.01 per share in Q1 2023[34]. - The company reported a net profit margin of approximately -2.2% for Q1 2024, with net income impacted by increased operating costs[32]. Assets and Liabilities - Total assets decreased by 8.47% to ¥478,282,162.57 compared to the end of last year[10]. - Total assets decreased from CNY 522,530,811.65 as of December 31, 2023, to CNY 478,282,162.57 as of March 31, 2024, representing a decline of approximately 8.5%[26]. - Current assets decreased from CNY 302,702,660.00 to CNY 255,902,819.64, a reduction of about 15.5%[26]. - Cash and cash equivalents decreased from CNY 223,130,716.65 to CNY 177,488,702.00, a decline of approximately 20.5%[26]. - Total liabilities decreased to ¥16,297,607.08 from ¥22,132,094.77, reflecting a reduction of approximately 26.5%[31]. - Total current liabilities decreased from CNY 49,359,574.68 to CNY 41,424,580.78, a reduction of approximately 16.1%[27]. - Non-current liabilities increased from CNY 17,290,194.41 to CNY 21,797,478.56, an increase of about 26.5%[27]. - The company reported a significant increase in contract liabilities from CNY 3,078,056.97 to CNY 4,031,284.21, an increase of approximately 31%[27]. Cash Flow - Cash flow from operating activities decreased significantly by 88.24% to ¥1,230,747.10, mainly due to increased payments for wages and taxes[12]. - The net cash flow from operating activities for Q1 2024 was ¥595,427.27, a decrease of 92.0% compared to ¥7,473,505.98 in Q1 2023[39]. - Total cash inflow from operating activities was ¥35,469,028.65, up from ¥32,766,793.88 in the same period last year, representing an increase of 8.2%[38]. - Cash outflow from operating activities increased to ¥34,873,601.38, compared to ¥25,293,287.90 in Q1 2023, marking a rise of 37.8%[39]. - The net cash flow from investing activities was -¥45,795,559.00, significantly worse than -¥2,171,216.60 in Q1 2023[39]. - The net cash flow from financing activities was -¥144,563.43, a slight improvement from -¥1,003,098.11 in Q1 2023[39]. Shareholder Information - The number of ordinary shareholders is 6,638, with total share capital remaining at 81,404,368 shares[18]. - The largest shareholder, Tianjin Tianfang Investment Co., Ltd., holds 60.07% of the shares, totaling 48,902,903 shares[18]. Research and Development - Research and development expenses increased by 12.69% to ¥3,103,297.97, reflecting increased collaborative research efforts[12]. - The company invested ¥3,103,297.97 in R&D during Q1 2024, compared to ¥2,753,953.01 in Q1 2023, marking an increase of approximately 12.7%[32]. - Research and development expenses increased to CNY 2,406,759.57 in Q1 2024, a rise of 30.0% from CNY 1,850,120.27 in Q1 2023[34]. Corporate Governance - The company has no major litigation or arbitration matters reported during the period[22]. - There were no pledges or judicial freezes on shares held by major shareholders[20]. - The company has timely fulfilled its disclosure obligations regarding related party transactions and other significant transactions[22]. Future Outlook - The company plans to expand its market presence and invest in new technologies to drive future growth[32].
天纺标(871753) - 2024 Q1 - 季度财报