Financial Performance - Operating revenue for Q1 2024 was CNY 49,001,619.16, a decline of 29.20% year-on-year[10] - Net profit attributable to shareholders decreased by 42.92% to CNY 4,398,848.96 compared to the same period last year[10] - The company reported a basic earnings per share of CNY 0.08, down 55.56% from CNY 0.18 in the previous year[10] - Total operating revenue for Q1 2024 was CNY 49,001,619.16, a decrease from CNY 69,212,216.69 in Q1 2023, representing a decline of approximately 29.2%[32] - Total operating costs for Q1 2024 were CNY 46,910,882.34, down from CNY 66,085,456.13 in Q1 2023, indicating a reduction of about 29.1%[32] - Net profit for Q1 2024 was CNY 4,398,848.96, compared to CNY 7,706,423.34 in Q1 2023, reflecting a decrease of approximately 43.0%[33] - Total comprehensive income attributable to the parent company decreased to CNY 4,398,848.96 from CNY 7,706,423.34, representing a decline of approximately 43.0% year-over-year[34] Assets and Liabilities - Total assets decreased by 2.77% to CNY 555,029,326.43 compared to the end of last year[10] - Accounts receivable decreased by 30.44% to CNY 80,195,249.29 due to the collection of payments[11] - Inventory increased by 31.51% to CNY 81,284,266.23 as a result of increased orders in Q2[11] - Contract liabilities rose by 57.49% to CNY 11,591,803.27 due to an increase in advance payments[11] - Total assets decreased to CNY 555,029,326.43 from CNY 570,841,908.88, a decline of approximately 2.8%[31] - Total liabilities decreased to CNY 192,481,448.25 from CNY 212,829,851.11, representing a reduction of about 9.6%[31] - The company's total equity increased to CNY 362,547,878.18 from CNY 358,012,057.77, showing a growth of approximately 1.5%[31] - Deferred tax assets amounted to CNY 2,080,698.82, down from CNY 2,401,923.76, indicating a decrease of about 13.4%[30] Cash Flow - Cash flow from operating activities increased by 83.44% to CNY 31,009,894.03[10] - Cash inflows from operating activities increased to CNY 103,962,028.31 from CNY 96,361,514.55, reflecting a growth of about 7.0% year-over-year[34] - Net cash flow from operating activities rose significantly to CNY 31,009,894.03, compared to CNY 16,904,898.05, marking an increase of approximately 83.5%[34] - Cash outflows from investing activities totaled CNY 16,757,948.68, up from CNY 7,638,851.44, indicating a rise of 119.0% year-over-year[35] - Net cash flow from financing activities showed a negative change, decreasing to CNY -431,069.60 from CNY 12,390,886.62, a decline of 103.5%[35] - The ending balance of cash and cash equivalents increased to CNY 116,535,036.08 from CNY 67,453,237.45, representing a growth of approximately 72.8%[35] - Cash received from sales of goods and services rose to CNY 91,256,309.47, compared to CNY 85,384,151.10, an increase of about 6.9% year-over-year[34] - The company reported a cash inflow from tax refunds of CNY 11,316,247.77, up from CNY 6,127,145.39, reflecting an increase of approximately 85.7%[34] - Total cash inflow from financing activities was CNY 15,177,516.00, down from CNY 22,946,933.01, a decrease of about 33.9% year-over-year[35] Shareholder Information - The largest shareholder, Dai Jigang, holds 37.20% of the shares, totaling 20,832,044 shares[21] - The total shares held by the top ten shareholders amount to 45,491,325, representing 81.23% of the total shares[21] - The company has no pledged or judicially frozen shares among its major shareholders[22] Legal and Regulatory Matters - There are no ongoing litigation or arbitration matters reported during the period[24] - The company disclosed its commitment to public issuance of shares on July 26, 2023, as part of its fundraising strategy[26] - The company approved the expected daily related transactions for 2024 in its board meeting held on April 26, 2024[25] Research and Development - Research and development expenses increased to CNY 3,783,368.84 in Q1 2024, up from CNY 2,991,188.01 in Q1 2023, marking an increase of about 26.4%[32] Impairment and Losses - The company reported a financial asset impairment loss of CNY 1,847,382.40, compared to CNY 969,121.86 in the previous period, reflecting an increase of approximately 90.4%[33]
华洋赛车(834058) - 2024 Q1 - 季度财报