Financial Performance - The company achieved operating revenue of CNY 43.90 million in Q1 2024, representing a year-on-year growth of 100.65%[28]. - The company's revenue for Q1 2024 was ¥43,904,608.50, representing a 100.65% increase compared to ¥21,881,595.72 in the same period last year[34]. - Total revenue for the period reached CNY 43,904,608.50, a significant increase from CNY 21,881,595.72 in the previous period, representing a growth of approximately 100.5%[73]. - Operating profit for the period was CNY -31,436,512.46, compared to CNY 2,213,791.94 in the previous period, indicating a decline in profitability[74]. - Net profit for the period was CNY -21,620,340.48, a decrease from CNY 4,031,966.79 in the previous period, reflecting a negative shift in financial performance[74]. - The net loss attributable to shareholders for Q1 2024 was ¥22,898,502.48, a decrease of 667.92% from a profit of ¥4,031,966.79 in the previous year[34]. - The company's basic earnings per share for Q1 2024 was -¥0.11, a decline of 650.00% from ¥0.02 in the same period last year[34]. - The company reported a basic earnings per share of CNY -0.11, compared to CNY 0.02 in the previous period, indicating a significant drop in earnings[74]. Operating Costs and Expenses - Operating costs for the same period were CNY 13.77 million, an increase of 451.47% compared to the previous year[15]. - R&D expenses amounted to CNY 71.73 million, reflecting a 72.18% increase year-on-year due to heightened investment in research and development[17]. - The company's management expenses for the period were ¥10,664,800.00, reflecting a 32.16% increase compared to the same period last year[44]. - The company's cash paid to employees rose significantly to 58,817,855.44[77]. - Cash paid for other operating activities increased to 8,713,143.24[77]. Cash Flow - The net cash flow from operating activities was CNY -84.13 million, a decline of 86.16% compared to the same period last year, primarily due to reduced sales collections and increased personnel expenses[18]. - The net cash flow from operating activities was -¥84,126,640.15, which is an 86.16% decline compared to -¥45,191,259.17 in the prior year[34]. - Operating cash inflow totaled 170,231,518.02 in the previous period[77]. - Cash outflow from operating activities was 215,422,777.19 in the prior period[77]. - Cash received from tax refunds increased to 3,500,095.93[77]. - Cash paid for interest, dividends, or profit distribution was 401,265.56[78]. Assets and Liabilities - The total assets at the end of Q1 2024 were ¥3,463,314,494.27, down 2.31% from ¥3,545,378,296.20 at the end of the previous year[34]. - Total current assets decreased to CNY 3,046,614,759.45 from CNY 3,154,231,797.08, a decline of about 3.4%[73]. - The total liabilities and equity amounted to CNY 3,463,314,494.27, down from CNY 3,545,378,296.20, indicating a reduction of approximately 2.3%[73]. - The company's cash and cash equivalents decreased to CNY 2,392,978,548.70 from CNY 2,494,750,788.06, a decline of about 4.1%[73]. - The balance of short-term borrowings at the end of the period was CNY 2.00 million, resulting from the addition of small loans[12]. - The balance of employee compensation payable decreased by 51.48% to CNY 28.40 million, primarily due to year-end bonus payments[13]. - Other current liabilities decreased by 70.45% to CNY 28,300, mainly due to a reduction in pending sales tax amounts[14]. Investments and Equity - Long-term equity investments increased by 30.84% to CNY 38.98 million, attributed to additional investments in a Korean joint venture during the reporting period[11]. - Other non-current assets rose by 117.96% to CNY 4.48 million, mainly due to increased prepayments for equipment[12]. - The deferred tax assets increased by 60.85% to ¥27,310,298.87, primarily due to the recognition of deferred tax assets based on taxable income[39]. - The minority interests increased by 47.64% to ¥3,961,200.00, due to the increase in the equity of minority shareholders in the subsidiary[42]. - The total equity attributable to shareholders of the parent company was CNY 3,242,179,867.99, slightly down from CNY 3,254,831,414.47[73]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 19,184[48]. - The largest shareholder, Hangzhou Guangli Micro Equity Investment Co., Ltd., holds 16.62% of shares, totaling 33,242,812 shares[48]. - The company plans to repurchase shares at a price not exceeding RMB 80.00 per share, which is 150% of the average trading price over the last 30 trading days prior to the board's approval[51]. - The repurchase period is set for up to 12 months from the board's approval date[52]. - The company has not reported any changes in the top 10 shareholders participating in margin financing and securities lending[49]. Seasonal Trends - The company's main business revenue shows seasonal characteristics, with the first half of the year accounting for 26.67% of total revenue in 2023[53]. - The first quarter of 2023 accounted for 4.58% of the total revenue, indicating a trend of increasing revenue concentration in the second half of the year[53]. - The company’s financial performance may exhibit significant seasonal fluctuations, impacting annual profit predictions based on quarterly reports[53].
广立微(301095) - 2024 Q1 - 季度财报