Financial Performance - Operating revenue for Q1 2024 reached CNY 350,085,380.75, a significant increase of 76.00% year-on-year [10]. - The company's operating profit for Q1 2024 was -3,887,419.96 CNY, a decrease of 66.97% compared to the previous period [13]. - The total profit for the same period was also -3,887,419.96 CNY, reflecting a 66.97% decline, primarily due to intensified industry competition and challenges in cost transfer [13]. - The net profit for Q1 2024 was -4,919,735.06 CNY, representing a 60.04% decrease year-over-year [13]. - The company reported a total of CNY 150,807,409.41 in notes receivable, up from CNY 127,903,456.17, indicating an increase of approximately 17.9% [26]. - The company reported a net cash flow from financing activities of CNY 80,490,750.91, compared to CNY 19,105,756.58 in Q1 2023, representing an increase of approximately 320% [39]. Cash Flow - Cash flow from operating activities showed a net outflow of CNY 76,485,523.38, a decline of 85.75% year-on-year [10]. - Cash flow from investing activities was -7,094,391.71 CNY, a significant increase of 202.45%, mainly due to payments for fixed asset construction [13]. - Cash flow from financing activities was 80,490,750.91 CNY, up 321.29%, driven by rapid revenue growth and increased working capital needs [13]. - The net cash flow from operating activities was negative at CNY -76,485,523.38, compared to CNY -41,176,094.49 in the same period last year, indicating a worsening performance [38]. - The total cash outflow from operating activities was CNY 185,182,502.50, up from CNY 111,120,295.65 in the previous year, indicating a rise of about 66.6% [38]. Assets and Liabilities - Total assets increased by 7.46% to CNY 1,314,702,043.50 compared to the end of last year [10]. - Total liabilities reached CNY 662,910,783.03, compared to CNY 566,740,677.87, reflecting an increase of around 16.9% [28]. - The company's debt-to-asset ratio (consolidated) increased to 50.42% from 46.32% at the end of the previous year [10]. - Current assets totaled CNY 919,482,472.49, up from CNY 823,071,485.66, indicating an increase of about 11.7% [26]. - Short-term borrowings rose by 49.79% to CNY 217,654,217.59, primarily due to increased operational funding needs [12]. Research and Development - Research and development expenses increased by 50.08% to CNY 11,803,280.63, reflecting the company's commitment to innovation [12]. - The company did not report any research and development expenses in Q1 2024, compared to CNY 388,687.42 in Q1 2023, suggesting a potential shift in strategic focus [36]. Shareholder Information - The total number of ordinary shares remained at 110,970,000, with no changes during the reporting period [16]. - The largest shareholder, Zhuhai Shibi Investment Management Co., Ltd., holds 26.01% of the shares, unchanged from the previous period [17]. Operational Challenges - The company plans to enhance internal management and improve product quality and gross margins to address ongoing operational challenges [13]. - The company reported no significant new product launches or market expansions during this quarter, focusing instead on operational efficiency and cost control [36].
拾比佰(831768) - 2024 Q1 - 季度财报