Cellwise(SH:688325)2024-04-29 12:48Financial Performance - The company's operating revenue for Q1 2024 reached ¥63,894,462.49, representing a year-on-year increase of 121.54%[5] - Net profit attributable to shareholders was ¥7,417,930.69, with a significant increase in cash flow from operating activities amounting to ¥19,025,026.07[5] - Basic earnings per share were reported at ¥0.0899, while diluted earnings per share were ¥0.0870[6] - Net profit for Q1 2024 was ¥7,417,930.69, compared to a net loss of ¥1,592,793.74 in Q1 2023, marking a turnaround[21] - The company achieved a total comprehensive income of ¥7,416,395.08 in Q1 2024, compared to a loss of ¥1,579,209.39 in Q1 2023[21] Research and Development - Total R&D investment amounted to ¥24,027,216.08, accounting for 37.60% of operating revenue, a decrease of 25.90 percentage points compared to the previous year[6] - Research and development expenses increased to ¥24,027,216.08 in Q1 2024, up from ¥18,312,671.59 in Q1 2023, reflecting a focus on innovation[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,701,898,788.66, reflecting a decrease of 2.98% from the end of the previous year[6] - Total liabilities decreased to ¥53,294,839.15 in Q1 2024 from ¥69,747,934.49 in Q1 2023, indicating improved financial health[18] - The company's equity attributable to shareholders was ¥1,648,603,949.51 in Q1 2024, down from ¥1,684,434,762.75 in Q1 2023[18] Cash Flow - Cash inflow from operating activities for Q1 2024 was $83,355,985.65, a significant increase from $44,093,575.05 in Q1 2023, representing an increase of 88.9%[23] - Net cash flow from operating activities turned positive at $19,025,026.07 in Q1 2024, compared to a negative cash flow of -$9,670,997.43 in Q1 2023[23] - Cash outflow from financing activities was $55,145,879.77 in Q1 2024, compared to $8,671,267.64 in Q1 2023, indicating a significant increase in financing outflows[24] Shareholder Information - The total number of common shareholders at the end of the reporting period was 9,337[12] - The largest shareholder, Dongguan Weitu Investment Management Partnership, held 21.13% of the shares, totaling 17,610,600 shares[12] - The top ten shareholders remain unchanged, with no participation in margin trading or securities lending activities reported[14] Market and Operational Insights - The company experienced a significant increase in revenue due to an expanded product matrix and a recovery in the consumer electronics market, leading to increased sales from both new and existing customers[9] - The company has not reported any new product launches or technological advancements in the current quarter[15] - There are no significant mergers or acquisitions reported during this period, suggesting a focus on organic growth strategies[15] - The company has not provided specific future guidance or performance outlook for the upcoming quarters[15] Inventory and Receivables - The company's inventory decreased to 74,230,686.61 RMB from 80,007,863.84 RMB, representing a decline of approximately 7.3%[16] - Accounts receivable decreased to 18,320,212.04 RMB from 30,461,338.36 RMB, showing a reduction of about 39.9%[16] Cash and Cash Equivalents - Cash and cash equivalents amounted to 589,587,442.92 RMB, up from 367,462,425.07 RMB, indicating a significant increase of about 60%[16] - The ending balance of cash and cash equivalents as of Q1 2024 was $589,587,442.78, down from $1,032,061,201.38 in Q1 2023[24]