GENVICT(002869)2024-04-18 13:05Revenue and Profit - The company's revenue for Q1 2024 was ¥69,863,694.13, a decrease of 15.35% compared to ¥82,529,684.28 in the same period last year[7]. - The net profit attributable to shareholders was -¥817,300.90, showing a significant improvement of 93.96% from -¥13,535,328.35 year-on-year[7]. - Total operating revenue for the current period was ¥69,863,694.13, a decrease of 15.4% from ¥82,529,684.28 in the previous period[35]. - Net profit for the current period was -¥817,300.90, an improvement from -¥13,535,328.35 in the previous period[40]. - Operating profit improved to -¥1,899,374.11 from -¥13,104,067.21, indicating a significant reduction in losses[38]. - The basic and diluted earnings per share were both -¥0.0047, an improvement from -¥0.0779 in the previous period[41]. Cash Flow - The net cash flow from operating activities was -¥53,112,227.30, a decline of 255.17% compared to ¥34,227,392.25 in the previous year[7]. - Cash flow from operating activities was ¥95,560,637.34, down from ¥156,255,419.87, reflecting a decrease of 38.8%[42]. - The company reported a net increase in cash and cash equivalents of ¥25,741,926.41, compared to an increase of ¥111,666,732.15 in the previous period[46]. - The net cash flow from operating activities was -34.23 million in the previous period, indicating a significant decline in operational performance[48]. - Cash outflows from operating activities totaled 122.03 million, reflecting increased operational expenses[48]. - Cash inflows from investment activities amounted to 339.72 million, showing a reduction in investment returns[48]. - The net cash flow from investment activities was 79.52 million, indicating improved investment performance despite lower inflows[48]. - Cash inflows from financing activities were 100 million, indicating a significant commitment to reducing liabilities[48]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,644,085,560.90, down 2.01% from ¥2,698,351,695.63 at the end of the previous year[7]. - The company's current assets totaled RMB 2,024,628,368.66, down from RMB 2,069,316,680.76, indicating a decrease of about 2.15%[25]. - Total liabilities decreased to RMB 522,375,320.82 from RMB 578,057,954.65, a reduction of approximately 9.6%[31]. - The company's short-term borrowings decreased significantly from RMB 129,803,254.62 to RMB 89,775,730.58, a decline of approximately 30.9%[31]. - The accounts payable decreased from RMB 203,694,743.32 to RMB 192,246,070.66, reflecting a decrease of about 5.6%[31]. Income and Expenses - The company reported a significant increase in other income, which amounted to ¥8,243,135.22, up 191.87% from ¥2,824,247.95 in the previous year[16]. - Investment income rose to ¥2,340,236.46, a substantial increase of 1258.35% compared to ¥172,284.74 in the same period last year[16]. - The fair value change income was ¥5,645,729.56, reflecting an increase of 89.89% from ¥2,973,131.19 year-on-year[16]. - Total operating costs decreased to ¥84,751,795.28 from ¥106,868,369.26, representing a reduction of 20.7%[35]. - Research and development expenses were ¥11,276,630.70, down from ¥13,831,644.65, a decrease of 18.4%[35]. - The company reported a tax expense of -¥1,071,188.31, compared to a tax benefit of ¥371,267.72 in the previous period[38]. Equity and Shareholder Information - The equity attributable to shareholders of the parent company increased slightly to RMB 2,121,710,240.08 from RMB 2,120,293,740.98, showing a marginal growth of about 0.07%[34]. - The company reported a slight decrease in undistributed profits from RMB 1,244,136,328.21 to RMB 1,243,319,027.31, a change of approximately 0.07%[34]. - The long-term equity investment increased to RMB 70,279,842.21 from RMB 69,302,791.78, indicating a growth of about 1.4%[25]. Other Information - The company plans to implement new accounting standards starting in 2024, which may impact future financial reporting[49]. - The first quarter report for the company is unaudited, suggesting that final figures may be subject to change[49].