Financial Performance - Operating revenue increased by 22.15% to CNY 190,628,640.95 for the first quarter of 2024 [11]. - Net profit attributable to shareholders improved by 66.81%, resulting in a loss of CNY 1,274,908.32 compared to a loss of CNY 3,841,368.93 in the same period last year [11]. - Total operating revenue for Q1 2024 reached ¥190,628,640.95, an increase of 22.1% compared to ¥156,064,014.26 in Q1 2023 [41]. - Total operating costs for Q1 2024 were ¥196,281,780.13, up 23.0% from ¥159,611,954.05 in Q1 2023 [41]. - Net profit for Q1 2024 was a loss of ¥1,274,908.32, an improvement from a loss of ¥3,841,368.93 in Q1 2023, representing a reduction of 66.8% [43]. - Total comprehensive income for Q1 2024 was a loss of ¥1,274,908.32, compared to a loss of ¥3,841,368.93 in Q1 2023 [43]. Cash Flow - Net cash flow from operating activities surged by 191.45% to CNY 5,521,212.12, indicating improved cash collection [11]. - Operating cash inflow for Q1 2024 reached ¥185,794,641.44, a 66% increase from ¥111,979,442.87 in Q1 2023 [47]. - Net cash flow from operating activities for Q1 2024 was ¥5,521,212.12, compared to ¥1,894,407.32 in Q1 2023, indicating a significant improvement [47]. - Cash and cash equivalents at the end of Q1 2024 were ¥67,208,892.09, up from ¥30,737,471.05 at the end of Q1 2023 [49]. - The parent company's net cash flow from operating activities was ¥27,697,547.46 in Q1 2024, a recovery from a negative cash flow of ¥9,692,697.91 in Q1 2023 [51]. Assets and Liabilities - Total assets decreased by 7.64% to CNY 1,088,901,476.45 compared to the end of last year [11]. - The company's asset-liability ratio decreased to 50.68% from 55.97% year-on-year, reflecting better financial stability [11]. - Total liabilities decreased from ¥735,051,097.89 to ¥646,255,187.24, a reduction of about 12.1% [37]. - Current liabilities decreased from ¥684,828,696.30 to ¥597,766,428.03, representing a decrease of approximately 12.7% [36]. - Non-current liabilities decreased from ¥50,222,401.59 to ¥48,488,759.21, a decline of about 3.5% [36]. - Total equity decreased from ¥443,921,197.53 to ¥442,646,289.21, a slight decrease of approximately 0.3% [37]. Shareholder Information - The total number of ordinary shareholders is 5,592, with a total share capital of 94,476,000 shares [18]. - The largest shareholder, Nantong Juyuan Investment Management Co., Ltd., holds 37,306,000 shares, representing 39.49% of total shares [19]. - The second largest shareholder, Kunshan Hongzhi Electronics Co., Ltd., holds 18,240,000 shares, accounting for 19.31% [19]. - The total shares held by the top ten shareholders amount to 72,374,530, which is 76.61% of the total shares [20]. - There were no pledges or judicial freezes on shares held by shareholders with over 5% ownership [21]. Expenses - Management expenses rose by 30.37% to CNY 18,702,657.14 due to increased orders and higher personnel costs [13]. - Research and development expenses increased to ¥13,839,283.98 in Q1 2024, up 17.7% from ¥11,764,573.53 in Q1 2023 [41]. - The company incurred financial expenses of ¥2,036,868.70 in Q1 2024, an increase of 34.7% from ¥1,511,868.21 in Q1 2023 [41]. Other Financial Information - Other income increased significantly by 1,034.48% to CNY 1,851,688.52, primarily from tax incentives [13]. - Non-recurring gains and losses amounted to CNY 434,127.77 for the period [16]. - The company reported a daily related party transaction amount of 480,436.45 yuan for the reporting period, against an estimated amount of 3,000,000 yuan [26]. - There are ongoing litigation and arbitration matters, but the amounts involved do not meet the criteria for significant disclosure [24]. - The company has fulfilled its commitments regarding stock issuance to unspecified investors as per the public offering document [23]. - No external guarantees or loans were provided during the reporting period [23]. - The company has not engaged in any share buyback activities during the reporting period [23].
大地电气(870436) - 2024 Q1 - 季度财报