Financial Performance - The company's revenue for Q1 2024 was ¥192,086,116.73, a decrease of 60.02% compared to ¥480,444,800.79 in the same period last year[5] - Net profit attributable to shareholders was ¥49,913,780.97, down 67.89% from ¥155,448,543.29 year-on-year[5] - The basic earnings per share decreased to ¥0.78, a decline of 67.90% from ¥2.43 in the previous year[5] - Total operating revenue for Q1 2024 was CNY 192,086,116.73, a decrease of 60% compared to CNY 480,444,800.79 in the same period last year[18] - Net profit for Q1 2024 was CNY 5,079,630.98, a significant decline from CNY 50,553,898.72 in Q1 2023[19] - Total comprehensive income for Q1 2024 was CNY 50,540,848.17, compared to CNY 156,867,930.24 in Q1 2023, reflecting a significant decrease[20] - Basic and diluted earnings per share for Q1 2024 were both CNY 0.78, down from CNY 2.43 in Q1 2023[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,982,238,303.41, an increase of 2.18% from ¥2,918,544,550.84 at the end of the previous year[5] - The company's accounts receivable increased to CNY 122,887,031.61 from CNY 108,576,764.77, reflecting a growth of approximately 13%[16] - The total liabilities increased to CNY 144,768,017.31 from CNY 131,615,112.91, representing a rise of approximately 10%[17] - The company’s equity attributable to shareholders increased to CNY 2,829,191,066.12 from CNY 2,779,290,335.70, showing an increase of about 1.8%[17] Cash Flow - The net cash flow from operating activities was ¥75,677,651.08, a slight decrease of 0.74% compared to ¥76,241,811.79 in the same period last year[5] - Cash inflow from operating activities was CNY 225,013,900.38, a decrease of 48.3% from CNY 435,919,191.93 in the previous year[22] - Cash outflow for purchasing goods and services was CNY 67,359,518.06, down from CNY 220,264,794.53, indicating a reduction of 69.5%[23] - Net cash flow from investing activities was -CNY 347,230,480.53, worsening from -CNY 110,313,740.46 in the same period last year[23] - Cash and cash equivalents at the end of Q1 2024 stood at CNY 396,234,366.59, compared to CNY 317,147,107.19 at the end of Q1 2023, showing an increase of 24.9%[23] Operating Costs and Expenses - The company reported a decrease in operating costs to ¥92,687,978.22, down 63.59% from ¥254,540,430.45 in the same period last year[10] - Total operating costs for Q1 2024 were CNY 149,003,247.49, down from CNY 309,047,822.86 year-over-year[18] - Research and development expenses rose to CNY 25,133,871.27, compared to CNY 19,539,134.96 in the previous year, indicating a 28.5% increase[19] Government Support and Investments - The company received government subsidies amounting to ¥6,710,790.93, an increase of 76.31% compared to ¥3,806,148.00 in the previous year[10] - The company’s investment income decreased to ¥6,276,520.58, a decline of 39.75% from ¥10,416,871.94 year-on-year, primarily due to changes in financial product returns[10] Shareholder Information - The total number of unrestricted shares held by the top 10 shareholders remains unchanged at 23,625,153 shares, with all being subject to lock-up until November 1, 2025[15] - The company has a total of 8,383,291 shares held by shareholder Zhuang Zhi, representing 13.10% of the total shares[14] - The company has a total of 5,917,948 shares held by shareholder Chen Bei, representing 9.25% of the total shares[14] - The company has a total of 4,888,804 shares held by Beijing Runmai Investment Development Center, representing 7.64% of the total shares[14] - The company has a total of 4,083,316 shares held by shareholder Xu Jian, representing 6.38% of the total shares[14] - The company has a total of 3,838,225 shares held by Shenzhen Maixing Investment Management Center, representing 6.00% of the total shares[14] - The company has a total of 3,815,625 shares held by Nengjin Co., Ltd., representing 5.96% of the total shares[14] - The company has a total of 2,088,822 shares held by Zhang Hongcheng, representing 3.26% of the total shares[14] Other Information - The company reported a significant decrease in cash and cash equivalents, with a balance of ¥397,338,328.09 as of March 31, 2024, down from ¥670,354,040.76 at the beginning of the period, representing a decline of approximately 40.6%[15] - The trading financial assets increased to ¥2,183,328,000.00 from ¥1,812,460,000.00, marking a growth of about 20.4%[15] - The company did not report any net profit from subsidiaries prior to consolidation in Q1 2024, consistent with Q1 2023[20] - The company has not yet adopted the new accounting standards as of the first quarter of 2024[24] - The first quarter report was not audited[24] - The company experienced a foreign exchange impact of CNY 896,845.76 on cash and cash equivalents[23]
怡和嘉业(301367) - 2024 Q1 - 季度财报