AGNM(603429)2024-04-19 12:14Financial Performance - The company's operating revenue for Q1 2024 was CNY 187,961,615.52, representing a year-on-year increase of 33.03%[6] - The net profit attributable to shareholders of the listed company was CNY -3,226,171.49, a decrease of 109.36% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 53,324,133.30, an increase of 69.05% year-on-year[6] - Net profit for Q1 2024 was a loss of CNY 2,737,664.43, compared to a net profit of CNY 34,161,576.87 in Q1 2023[24] - The company's basic earnings per share for Q1 2024 was -CNY 0.01, compared to CNY 0.07 in Q1 2023[24] Cash Flow - The net cash flow from operating activities was CNY 6,098,702.10, down 85.64% from the previous year[6] - The company reported a net cash flow from operating activities of CNY 6,098,702.10 in Q1 2024, down from CNY 42,475,215.59 in Q1 2023[27] - The net cash flow from investment activities was 88,887,632.48 CNY, compared to 5,844,266.51 CNY in the previous period, indicating a significant increase[28] - The total cash and cash equivalents at the end of the period reached 1,011,319,927.88 CNY, up from 858,123,186.54 CNY, reflecting a net increase of 52,156,892.98 CNY[28] - The cash flow from financing activities resulted in a net cash flow of -42,829,441.60 CNY, indicating a net outflow[28] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,757,688,390.30, a decrease of 6.64% from the end of the previous year[6] - The company’s total liabilities decreased to CNY 246,416,579.35 in Q1 2024 from CNY 325,890,216.58 in Q1 2023[20] - The company’s total current liabilities decreased from RMB 299,000,000 to RMB 217,000,000, reflecting a reduction of approximately 27.5%[19] - The company’s inventory decreased significantly from RMB 116,726,042.29 to RMB 49,266,623.64, a decline of about 57.8%[18] - The company’s non-current assets totaled RMB 590,273,928.53, down from RMB 642,420,769.10, indicating a decrease of approximately 8.1%[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 19,455[10] - The controlling shareholder, Xu Shanshui, has 215,305,300 shares, representing 41.05% of the total share capital, with 129,477,280 shares frozen due to legal issues, which is 24.69% of the total share capital[14] - The company has repurchased a total of 8,060,600 shares, accounting for 1.54% of the total share capital, with a total expenditure of RMB 42,829,441.60[15] Research and Development - Research and development expenses decreased by 44.21%, primarily due to reduced spending on R&D materials[9] - Research and development expenses for Q1 2024 were CNY 4,496,452.65, a decrease of 44.4% from CNY 8,060,315.09 in Q1 2023[23] Future Plans - The company plans to continue its share repurchase program within the approved budget of RMB 1 billion to RMB 2 billion[15] - The company plans to focus on market expansion and new product development in the upcoming quarters[22] Financial Reporting - The company’s financial report was released on April 19, 2024, under the supervision of key accounting personnel[28] - The company did not apply new accounting standards or interpretations for the current financial statements[28]