OIMT(002175)2024-04-26 11:47Financial Performance - The company's revenue for Q1 2024 was ¥57,874,936.54, representing a 14.83% increase compared to ¥50,402,087.17 in the same period last year[5]. - Net profit attributable to shareholders increased by 185.22% to ¥2,134,843.74 from ¥748,478.19 year-on-year[5]. - The basic earnings per share rose to ¥0.0017, up 183.33% from ¥0.0006 in the same quarter last year[5]. - Operating profit for Q1 2024 was ¥3,079,903.69, up from ¥1,360,430.70 in Q1 2023, representing a growth of 126.3%[18]. - Net profit attributable to the parent company was ¥2,134,843.74, compared to ¥748,478.19 in the previous year, marking an increase of 185.5%[19]. - Basic and diluted earnings per share for Q1 2024 were both ¥0.0017, compared to ¥0.0006 in Q1 2023, reflecting an increase of 183.3%[19]. Cash Flow - The net cash flow from operating activities improved significantly to ¥1,244,786.26, a turnaround from a negative cash flow of ¥8,803,333.76 in the previous year, marking a 114.14% increase[5]. - Cash inflow from operating activities was ¥73,538,387.70, compared to ¥60,696,387.66 in the same period last year, indicating a growth of 21.1%[21]. - The net cash flow from operating activities for Q1 2024 was ¥1,244,786.26, a significant improvement compared to a net outflow of ¥8,803,333.76 in Q1 2023[22]. - The company raised ¥19,000,000.00 through borrowings in Q1 2024, contributing to a net cash flow from financing activities of ¥15,512,780.06[22]. - The net cash flow from financing activities surged to ¥15,512,780.06, a significant increase from a negative cash flow of ¥629,502.80 in the same period last year, reflecting increased bank borrowings[8]. - The company reported a cash inflow from the disposal of fixed assets of ¥298,200.00 in Q1 2024, compared to only ¥2,800.00 in Q1 2023[22]. - The company experienced a foreign exchange loss of ¥41,017.69 in Q1 2024, compared to a loss of ¥196,834.42 in Q1 2023[22]. - The company’s cash outflow for taxes decreased significantly to ¥3,902,606.88 in Q1 2024 from ¥9,408,150.81 in Q1 2023, indicating a reduction of approximately 58.6%[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥729,495,159.22, a 2.10% increase from ¥714,469,620.91 at the end of the previous year[5]. - Total liabilities increased to ¥149,287,080.32 from ¥136,310,858.99, reflecting a rise of 9.3% year-over-year[18]. - The total number of common shareholders at the end of the reporting period is 69,616[10]. - The largest shareholder, Kexiang High-tech Development Co., holds 19.21% of shares, totaling 245,210,042 shares, with 192,500,000 shares pledged[10]. - Total cash and cash equivalents at the end of Q1 2024 increased to ¥125,945,063.47, up from ¥98,745,299.03 at the end of Q1 2023[22]. - Accounts receivable decreased to ¥30,482,941.61 from ¥38,034,304.82, a decline of about 19.7%[13]. - Inventory increased to ¥88,922,831.22 from ¥82,402,545.04, reflecting a rise of approximately 7.3%[14]. - Total cash outflow from operating activities was ¥72,293,601.44, slightly higher than ¥69,499,721.42 in Q1 2023[22]. - The total non-current assets amounted to ¥461,840,834.24, slightly up from ¥459,774,483.95, showing a growth of about 0.4%[14]. Expenses and Investments - Management expenses increased by 49.09% to ¥13,936,486.31, primarily due to higher depreciation and renovation costs[7]. - The company reported a 40.38% increase in development expenditures to ¥8,581,974.25, driven by new R&D projects and increased investment in research[7]. - Research and development expenses were not explicitly detailed, but management indicated a focus on innovation and new product development[18]. - The company reported a decrease in financial expenses, with interest expenses at ¥768,129.90, down from ¥436,381.60 in the previous year[18]. - Cash outflow from investing activities was ¥4,775,669.06 in Q1 2024, a decrease from ¥15,883,156.25 in Q1 2023[22]. - The net cash flow from investing activities was negative at ¥4,477,469.06, an improvement from a negative cash flow of ¥15,830,355.25 in Q1 2023[22]. Future Outlook - The company has plans for market expansion and potential mergers and acquisitions to enhance growth prospects[18].