Financial Performance - Operating revenue for Q1 2024 was ¥75,721,628.87, representing a 38.85% increase from ¥54,533,637.36 in Q1 2023[12] - Net profit attributable to shareholders for Q1 2024 was ¥3,491,170.21, a significant increase of 91.49% compared to ¥1,823,183.72 in the same period last year[12] - The company’s net profit margin improved, with net profit for Q1 2024 expected to show a positive trend compared to the previous year, although specific figures were not disclosed[43] - The net profit for the first quarter of 2024 was ¥2,985,619.16, up from ¥1,598,953.76 in the first quarter of 2023, indicating a growth of approximately 86.7%[44] - The company achieved a total profit of ¥2,014,907.38 for the first quarter of 2024, compared to ¥1,237,052.70 in the same period of 2023, representing an increase of about 62.7%[44] - The total comprehensive income for the first quarter of 2024 was ¥3,123,594.82, compared to ¥1,684,937.27 in the previous year, indicating an increase of approximately 85.6%[45] Cash Flow - Cash flow from operating activities showed a net decrease of 96.39%, dropping to ¥150,988.03 from ¥4,181,226.01 in Q1 2023[12] - Net cash flow from operating activities decreased by CNY 4,030,237.98, a decline of 96.39%, due to increased working capital and fixed costs without corresponding revenue generation[15] - The company reported a decrease in cash and cash equivalents to ¥30,488,554.10 from ¥54,037,629.32, a decline of about 43.5%[40] - The company’s cash flow from operating activities for the first quarter of 2024 was ¥69,181,280.34, compared to ¥51,953,414.84 in the first quarter of 2023, indicating a growth of approximately 33.1%[49] - Net cash flow from operating activities for Q1 2024 was CNY 2,554,255.42, compared to a negative CNY 810,332.32 in Q1 2023, indicating a significant turnaround[52] - Cash inflow from operating activities in Q1 2024 included CNY 48,808,320.01 from sales, up from CNY 44,456,543.37 in Q1 2023, marking an increase of approximately 8%[52] Assets and Liabilities - Total assets as of March 31, 2024, reached ¥459,993,079.20, an increase of 1.75% compared to the end of 2023[12] - The company’s total liabilities to total assets ratio (consolidated) was 28.86%, slightly up from 28.31% at the end of 2023[12] - Total liabilities amounted to ¥132,775,695.79 as of March 31, 2024, compared to ¥127,983,759.66 at the end of 2023, showing an increase of about 3.1%[38] - Shareholders' equity reached ¥327,217,383.41 as of March 31, 2024, up from ¥324,093,788.59 at the end of 2023, indicating a growth of approximately 0.7%[38] - The company has assets under restriction totaling ¥22,428,367.20, which is 4.88% of total assets[33] Investment and Expenses - Research and development expenses increased by 58.43% to ¥2,393,767.84, driven by technology development initiatives[14] - The company’s investment income rose by 70.58% to ¥2,910,828.26, attributed to increased earnings from investments in Vietnam[14] - Total operating costs amounted to ¥81,276,159.02, compared to ¥54,975,800.10 in the previous year, reflecting an increase of about 47.7%[44] - The company invested CNY 26,988,000.00 in Q1 2024, a decrease from CNY 45,000,000.00 in Q1 2023, indicating a reduction in investment spending[52] Shareholder Information - The total number of ordinary shares is 58,700,000, with 3,804 shareholders[19] - Major shareholders include Dong Hongjiang with 26.50% and Chen Yuchuan with 17.55% of shares[20] - There were no pledges or judicial freezes on shares held by major shareholders[22] Future Outlook - Future outlook indicates a focus on expanding market presence and enhancing product development, with strategic investments planned for new technologies[43] - The company plans to acquire a 26% stake in Vietnam Lisheng, increasing its ownership to 51%, making it a subsidiary included in the consolidated financial statements[29]
佳合科技(872392) - 2024 Q1 - 季度财报