Financial Performance - Net profit attributable to shareholders rose by 21.62% to CNY 2,019,820.67 for the first quarter of 2024, up from CNY 1,660,702.07 in the same period last year[10] - Operating revenue decreased by 3.19% to CNY 15,830,778.83 in Q1 2024, compared to CNY 16,351,794.37 in Q1 2023[10] - The company's operating profit for Q1 2024 was ¥2,214,966.51, down from ¥1,823,758.70 in Q1 2023, showing a decrease of about 19.5%[35] - Total comprehensive income for Q1 2024 was ¥2,019,820.67, up from ¥1,660,702.07 in Q1 2023, marking an increase of approximately 21.6%[35] - The company’s total profit for Q1 2024 was ¥2,570,900.72, an increase from ¥2,077,816.62 in Q1 2023, reflecting a growth of approximately 23.7%[37] Cash Flow - Net cash flow from operating activities improved significantly, reaching CNY 1,674,443.30, a 116.77% increase from a negative cash flow of CNY -9,981,860.08 in the previous year[10] - Total cash inflow from investment activities in Q1 2024 was CNY 20,029,826.54, compared to a cash outflow of CNY -16,307,407.87 in Q1 2023, resulting in a net cash flow of CNY 15,379,160.14[41] - Cash flow from financing activities in Q1 2024 generated a net inflow of CNY 83,490,480.00, with total cash inflow of CNY 92,400,000.00[41] - The net increase in cash and cash equivalents for Q1 2024 was CNY 17,053,603.44, compared to CNY 57,201,212.05 in Q1 2023[41] - Total cash outflow from operating activities in Q1 2024 was CNY 14,510,961.69, significantly lower than CNY 29,502,067.56 in Q1 2023[39] Assets and Liabilities - Total assets increased by 2.39% to CNY 251,746,677.03 as of March 31, 2024, compared to CNY 245,873,112.32 at the end of 2023[10] - The company's asset-liability ratio (consolidated) increased to 13.32% from 12.06% year-on-year[10] - Total liabilities rose to ¥33.53 billion, up from ¥29.64 billion, indicating an increase of about 13.5%[29] - Current liabilities totaled ¥31.15 billion, an increase of 14.1% from ¥27.25 billion in the previous period[28] - Non-current assets totaled ¥101.67 billion, slightly down from ¥101.86 billion, showing a marginal decrease of 0.2%[28] Shareholder Information - The total number of ordinary shareholders was reported at 4,110 as of the end of the reporting period[15] - The total number of shares held by the top ten shareholders increased to 42,076,132, representing 74.4% of the total shares[16] - Shareholder Li Shuxiu holds 14,737,300 shares, accounting for 26.07% of total shares, while Meng Jiayi holds 12,747,300 shares, representing 22.55%[16] - There are no pledged or judicially frozen shares among the top ten shareholders[18] - The company has not issued any preferred shares during the reporting period[19] Inventory and Receivables - Accounts receivable surged by 234.56% to CNY 8,631,477.45 due to extended payment terms for products sold[11] - Inventory levels rose to ¥40,365,855.17 from ¥37,461,942.73, showing an increase of about 5.1%[27] - The company's inventory increased to ¥40.37 billion from ¥37.46 billion, reflecting an increase of 7.7%[30] - Contract liabilities rose by 98.16% to CNY 11,511,763.40, attributed to increased orders that are yet to be fulfilled[12] - Contract liabilities surged to ¥11.51 billion, up 98.5% from ¥5.81 billion, indicating significant growth in advance payments received[28] Expenses - Sales expenses decreased by 30.13% to CNY 659,732.16, as there were no new product launch events in the current period[12] - Financial expenses decreased by 334.04% due to increased interest income from bank deposits, resulting from unutilized public offering funds[12] - Research and development expenses for Q1 2024 were ¥969,936.40, slightly higher than ¥959,040.42 in Q1 2023, indicating a marginal increase[37] Legal and Compliance - The company has ongoing litigation with a cumulative amount of ¥490,000, which represents 0.22% of the total net assets[22] - The financial report for the period was not audited[25] Market Strategy - The company is focusing on expanding its market presence and investing in new technologies to drive future growth[30]
花溪科技(872895) - 2024 Q1 - 季度财报