Financial Performance - Operating revenue for the first quarter of 2024 was CNY 154,043,374.81, representing a decline of 24.28% from CNY 203,428,272.36 in the same period last year[11] - Net profit attributable to shareholders for Q1 2024 was CNY 5,339,055.72, down 60.89% from CNY 13,652,405.16 in Q1 2023[11] - The company reported a significant decrease in other income, with operating income down 95.97% to CNY 125,634.96 due to reduced government subsidies[13] - Total operating revenue for Q1 2024 was ¥154,043,374.81, a decrease of 24.2% compared to ¥203,428,272.36 in Q1 2023[33] - Net profit for Q1 2024 was ¥5,339,055.72, a decline of 60.9% from ¥13,652,405.16 in Q1 2023[34] - Operating profit for Q1 2024 was ¥6,558,053.22, down 44.8% from ¥11,771,307.34 in Q1 2023[34] - The total comprehensive income for Q1 2024 was ¥5,339,055.72, a decrease of 60.9% compared to ¥13,652,405.16 in Q1 2023[34] Cash Flow - The net cash flow from operating activities was CNY -31,387,463.40, a decrease of 51.05% compared to CNY -20,779,182.72 in the previous year[13] - Operating cash inflow for Q1 2024 was CNY 185,387,921.78, a decrease of 41.2% compared to CNY 315,433,314.68 in Q1 2023[38] - Net cash outflow from operating activities for Q1 2024 was CNY -31,387,463.40, worsening from CNY -20,779,182.72 in Q1 2023[38] - Cash flow from investing activities showed a net outflow of CNY -7,832,692.40 in Q1 2024, compared to CNY -5,556,017.71 in Q1 2023[39] - Cash flow from financing activities generated a net inflow of CNY 65,385,372.00 in Q1 2024, down from CNY 140,283,841.79 in Q1 2023[39] - The total cash and cash equivalents at the end of Q1 2024 stood at CNY 174,926,851.06, a decrease from CNY 192,374,294.08 at the end of Q1 2023[39] Assets and Liabilities - Total assets as of March 31, 2024, were CNY 1,575,782,644.77, a decrease of 1.08% compared to CNY 1,593,006,962.87 at the end of 2023[11] - The company's asset-liability ratio (consolidated) improved to 53.81% from 54.63% year-over-year[11] - Total liabilities decreased from ¥870,325,352.48 to ¥847,945,317.50, a decrease of about 2.2%[28] - Total equity increased from ¥722,681,610.39 to ¥727,837,327.27, an increase of approximately 0.8%[28] - Total assets decreased from ¥1,593,006,962.87 to ¥1,575,782,644.77, a decline of approximately 1.5%[27] - Current liabilities decreased from ¥748,523,052.53 to ¥742,132,219.10, a reduction of about 0.5%[27] - Long-term borrowings decreased significantly from ¥20,840,000.00 to ¥4,504,950.00, a drop of approximately 78.4%[27] Shareholder Information - Major shareholders hold a total of 110,387,800 shares, representing 60.90% of the company's total shares[19] - Liu Jiaming is the largest shareholder with 26,918,400 shares, accounting for 14.85% of total shares[19] - The company has no pledged or judicially frozen shares among major shareholders[20] Other Financial Metrics - The weighted average return on equity (attributable to shareholders) decreased to 0.74% from 2.23% year-over-year[11] - Research and development expenses in Q1 2024 were ¥8,864,377.45, down 22.2% from ¥11,410,433.29 in Q1 2023[33] - The company reported a credit impairment loss of ¥6,560,570.75 in Q1 2024, an increase of 72.0% from ¥3,810,990.38 in Q1 2023[34] - Earnings per share for Q1 2024 was ¥0.03, compared to ¥0.08 in Q1 2023, indicating a 62.5% decrease[34] Asset Composition - Cash and cash equivalents increased to 183,242,095.84 yuan from 159,216,751.83 yuan year-over-year[26] - Accounts receivable decreased slightly to 585,798,811.85 yuan from 588,129,100.30 yuan year-over-year[26] - Inventory decreased to 73,745,132.48 yuan from 79,542,088.44 yuan year-over-year[26] - The company reported a total current asset of 1,191,564,220.62 yuan, down from 1,219,704,806.32 yuan year-over-year[26] - Fixed assets increased to 219,435,620.93 yuan from 214,600,879.44 yuan year-over-year[26] - Total assets with restrictions amount to 151,263,581.39 yuan, representing 9.60% of total assets[23]
百甲科技(835857) - 2024 Q1 - 季度财报