Absen(SZ:300389)2024-05-15 11:37Financial Performance - The company's revenue for Q1 2024 was ¥864.45 million, representing a 21.87% increase compared to ¥709.29 million in the same period last year[5] - Net profit attributable to shareholders decreased by 10.28% to ¥70.97 million from ¥79.10 million year-on-year[5] - Basic earnings per share fell by 11.56% to ¥0.1950 from ¥0.2205 in the same period last year[5] - Net profit for the current period was ¥67.80 million, down 13.9% from ¥78.88 million in the previous period[28] - Basic earnings per share decreased to ¥0.1950 from ¥0.2205, reflecting a decline of 11.4%[29] - The company reported a significant increase in sales revenue from customers, totaling ¥931.47 million, up from ¥812.07 million[30] Cash Flow and Investments - The net cash flow from operating activities was negative at -¥22.76 million, a decline of 120.98% compared to ¥108.51 million in the previous year[5] - Cash flow from operating activities showed a net outflow of ¥22.76 million, compared to a net inflow of ¥108.51 million in the previous period[30] - Cash and cash equivalents net increase was CNY -164,626,416.63, a decline of 256.50% due to changes in operating, investing, and financing cash flows[13] - Investment cash inflow increased by 61.32% to CNY 350,480,553.69, mainly due to the recovery of structured deposits[13] - Investment cash outflow rose by 82.77% to CNY 413,954,581.03, primarily due to increased investments in financial institution wealth management products[13] - Net cash flow from investment activities decreased by 586.70% to CNY -63,474,027.34, attributed to higher investments in financial products[13] - Investment activities resulted in a net cash outflow of ¥63.47 million, compared to a smaller outflow of ¥9.24 million in the previous period[31] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥3.95 billion, a decrease of 0.62% from ¥3.97 billion at the end of the previous year[5] - Total current assets as of March 31, 2024, amounted to 2,844,609,865.38 yuan, a slight increase from 2,803,918,132.57 yuan at the beginning of the period[22] - The company's cash and cash equivalents decreased from 782,469,047.20 yuan to 702,430,020.07 yuan, reflecting a reduction of approximately 10.5%[22] - Total liabilities decreased from 2,510,433,818.69 yuan to 2,417,874,761.31 yuan, a reduction of about 3.7%[24] - The company's total equity increased from 1,461,496,707.14 yuan to 1,529,396,242.87 yuan, reflecting a growth of approximately 4.6%[25] Shareholder Information - Total number of common shareholders at the end of the reporting period was 13,771[15] - The largest shareholder, Ding Yanhui, holds 34.10% of shares, totaling 124,089,609 shares, with 37,392,068 shares pledged[16] - The second-largest shareholder, Deng Jiangbo, owns 16.85% of shares, amounting to 61,300,544 shares[16] Expenses and Costs - Total operating costs increased to ¥822.88 million, up 28.2% from ¥641.83 million in the previous period[26] - The company experienced a 36.46% increase in selling expenses, totaling ¥135.86 million, primarily due to higher compensation and marketing costs[10] - The company incurred research and development expenses of ¥37.66 million, an increase of 18.5% from ¥31.78 million in the previous period[26] Strategic Plans and Goals - The company plans to implement a three-year strategic development plan (2023-2025) with a target of achieving a milestone of 10 billion yuan in revenue by 2025[19] - The company achieved a signed order amount of approximately 5.3 billion yuan in Q1 2024, aiming for 8 billion yuan in 2024 and 10 billion yuan in 2025[20] Other Information - The company held its first meeting for the employee stock ownership plan on January 15, 2024, to establish a management committee[20] - The first quarter report has not been audited[32] - The new accounting standards will be implemented starting in 2024[32]