(Image source: Visual China)
On April 23, Guomai Technology released its report for the first quarter of 2024.
Revenue for the first fiscal quarter was 115 million yuan, up 11.25% year-on-year
According to financial reports, Guomai Technology achieved revenue of 115 million yuan in the first fiscal quarter, an increase of 11.25% compared to 103 million yuan in the same period last year.
During the reporting period, net profit attributable to shareholders of listed companies was 586.45 million yuan, up 36.9% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss increased 14.11% year over year from 306.304 million yuan in the same period last year to 349.536 million yuan. Guomai Technology said that its main non-recurring profit and loss in the first fiscal quarter was compensation income from the government's acquisition of the company's land.
According to financial reports, as of the end of the reporting period, Guomai Technology's total assets were 4.382 billion yuan, a decrease of 1% compared to 4.426 billion yuan at the end of the previous year; owners' equity attributable to shareholders of listed companies was 3.66 billion yuan, a decrease of 1.14% over the previous year.
It is worth noting that in a quarterly report, Guomai Technology revealed that its business revenue continues to grow, the industry-education integration strategy has achieved remarkable results, overall operating efficiency has been continuously optimized, and total expenses have decreased by 20.44%.
Education accounts for more than 40% of revenue in fiscal year 2023, and the integration of obstetrics and education has achieved remarkable results
In addition, a few days ago, on April 19, Guomai Technology also released the company's 2023 annual report.
According to the annual report, in fiscal year 2023, Guomai Technology achieved revenue of 533 million yuan, an increase of 3.52% year on year; net profit attributable to shareholders of listed companies was 100 million yuan, up 45.92% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 87.1242 million yuan, an increase of 13.91% year on year.
Regarding the increase in performance, Guomai Technology said that the main reason was that the scale of education continued to grow, and revenue increased by 28.39% year on year; due to improving project efficiency and adjusting low-margin business, IoT technology service revenue fell 24.92% year on year.
According to information, Guomai Technology's main business types include: IoT technology services, IoT consulting and design services, IoT science park operation and development services, and education services.
However, in fiscal year 2023, the revenue of the Internet of Things and related services industry, which accounts for more than half of Guomai Technology's revenue, decreased by 14.06% year on year. Contrary to this, revenue from the education business achieved a year-on-year increase. According to financial reports, Guomai Technology's education business revenue increased 28.39% year over year to 267 million yuan, accounting for 40.4% of total annual revenue.
According to reports, Guomai Technology was selected for the first batch of enterprises in Fujian Province to build, cultivate, and integrate industry and education.
Also affected by the content of financial reports, Guomai Technology's stock price rose 7.51% to close at 6.87 yuan/share by the end of trading on April 24.