Financial Performance - Net profit attributable to shareholders decreased by 18.78% to CNY 13,846,585.76 year-on-year[10] - Operating revenue rose by 13.94% to CNY 57,327,589.07 compared to the same period last year[10] - Total operating revenue for Q1 2024 reached ¥57,327,589.07, an increase of 13.4% compared to ¥50,313,844.10 in Q1 2023[38] - Net profit for Q1 2024 was ¥13,846,585.76, a decrease of 18.8% from ¥17,048,967.13 in Q1 2023[39] - Basic and diluted earnings per share for Q1 2024 were both ¥0.34, down from ¥0.42 in Q1 2023[40] - The total comprehensive income for Q1 2024 was ¥12,268,681.15, down from ¥17,711,140.91 in Q1 2023[39] Assets and Liabilities - Total assets increased by 2.44% to CNY 599,657,085.10 compared to the end of last year[10] - Current assets increased to CNY 471,840,603.72 as of March 31, 2024, up from CNY 455,176,607.81 at the end of 2023, representing a growth of approximately 3.7%[31] - Total liabilities increased to CNY 33,619,634.46 from CNY 31,620,744.00, indicating a rise of about 6.3%[33] - Long-term assets totaled CNY 127,816,481.38 as of March 31, 2024, down from CNY 130,212,905.68, indicating a decrease of about 1.8%[32] Cash Flow - Cash flow from operating activities turned negative at CNY -21,373,499.70, a decline of 164.53% year-on-year[10] - In Q1 2024, the company reported cash inflows from operating activities of CNY 24,435,736.01, a decrease of 67.4% compared to CNY 74,960,569.49 in Q1 2023[42] - The net cash outflow from operating activities was CNY -21,373,499.70, contrasting with a net inflow of CNY 33,121,367.98 in the same period last year[43] - The company reported a net cash outflow of CNY -12,747,529.06 from cash and cash equivalents in Q1 2024, compared to an increase of CNY 27,613,297.70 in Q1 2023[45] Shareholder Information - Total outstanding shares increased from 12,778,000 to 13,597,000, representing a rise from 22.88% to 24.35% of the total share capital[17] - The largest shareholder, Jinyun County Rijin Investment Co., Ltd., holds 23,400,000 shares, accounting for 41.90% of total shares[18] - The total number of shareholders with more than 5% ownership is 10, holding a combined 73.99% of the shares[19] Expenses - Sales expenses surged by 51.91% to CNY 887,813.75, mainly due to increased overseas warehousing costs[12] - Research and development expenses for Q1 2024 were ¥2,525,541.67, an increase of 21.4% from ¥2,080,011.29 in Q1 2023[38] Other Financial Metrics - Financial expenses decreased by 133.70% to CNY -1,684,903.19, driven by higher interest income[12] - Non-operating income increased by 357.14% to CNY 32.00, reflecting higher compensation received[12] - The company reported a credit impairment loss of ¥2,430,483.55 in Q1 2024, compared to a gain of ¥524,530.68 in Q1 2023[39] Compliance and Commitments - The company has no litigation or arbitration matters reported during the reporting period[23] - The company has disclosed that there are no external guarantees or loans provided during the reporting period[23] - The company has fulfilled all disclosed commitments without any overdue situations[24] - The financial report has not been audited[29]
前进科技(873679) - 2024 Q1 - 季度财报