Megmeet(SZ:002851)2024-04-29 13:34Financial Performance - In Q1 2024, the company achieved operating revenue of 1.83 billion yuan, an increase of 17.32% compared to the same period last year[4]. - The net profit attributable to shareholders was 138.51 million yuan, a decrease of 13.96% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 121.63 million yuan, an increase of 25.62% year-on-year[4]. - The comprehensive gross profit margin for the period was 25.91%, an increase of 1.81 percentage points year-on-year[4]. - The net profit for Q1 2024 was RMB 140,950,921.63, a decrease of 18.1% compared to RMB 171,247,357.59 in Q1 2023[29]. - The total comprehensive income attributable to the parent company was approximately ¥139.58 million, down from ¥160.11 million, reflecting a decrease of about 12.83%[30]. - The basic earnings per share decreased to ¥0.2781 from ¥0.3235, a decline of approximately 13.96%[30]. Cash Flow and Liquidity - The net cash flow from operating activities was 47.86 million yuan, a decrease of 81.37% compared to the previous year[17]. - Operating cash flow net amount was ¥47.86 million, a significant decrease of 81.37% compared to ¥256.87 million in the previous period, primarily due to increased payments for goods[38]. - Cash inflow from operating activities totaled approximately ¥1.62 billion, compared to ¥1.46 billion in the previous period, showing an increase of about 11.23%[32]. - Cash outflow from operating activities was approximately ¥1.57 billion, compared to ¥1.20 billion in the previous period, reflecting an increase of about 31.09%[32]. - Cash and cash equivalents at the end of Q1 2024 were RMB 1,200,000,000, reflecting a strategic focus on liquidity management[27]. - Cash and cash equivalents at the end of the period reached approximately ¥1.33 billion, up from ¥628.90 million, indicating a significant increase[32]. - Cash and cash equivalents rose significantly to ¥1,342,209,502.36 from ¥595,508,623.15, marking an increase of about 125%[44]. Assets and Liabilities - Total assets at the end of the period were 10.63 billion yuan, an increase of 5.09% from the end of the previous year[17]. - The total assets as of the end of Q1 2024 were RMB 10,628,324,058.89, an increase from RMB 10,113,413,379.25 at the end of the previous year[28]. - The total liabilities increased to RMB 5,934,869,370.73, compared to RMB 5,572,903,204.41 in the same period last year[28]. - The equity attributable to shareholders was 4.57 billion yuan, an increase of 3.41% from the end of the previous year[17]. - The equity attributable to shareholders of the parent company rose to RMB 4,567,488,083.25, up from RMB 4,417,012,017.95 in the previous year[29]. Expenses and Investments - The total operating costs for Q1 2024 were RMB 1,715,167,040.49, up 16.7% from RMB 1,469,880,853.60 in Q1 2023[29]. - Research and development expenses increased to RMB 211,298,911.73, representing a rise of 27.1% from RMB 166,269,312.52 in the previous year[29]. - The company reported a significant increase in asset disposal gains by 703.53% during the period[21]. - The company experienced a 61.88% increase in taxes and surcharges, primarily due to increased export tax rebates[21]. - Investment cash flow net amount increased by 245.35% to ¥127.63 million, compared to a negative cash flow of ¥87.81 million in the previous period, mainly due to a reduction in the purchase of financial products[38]. Shareholder Information - The company reported a total of 18,227 common shareholders at the end of the reporting period[41]. - The largest shareholder, Tong Yongsheng, holds 19.18% of the shares, totaling 96,121,275 shares[41]. Future Outlook and Changes - The company plans to expand its market presence through new product launches and technological advancements in the upcoming quarters[25]. - The company has not undergone an audit for the first quarter report[53]. - The report indicates that the company will implement new accounting standards starting from 2024[51].