SUNSEA(002313)2024-04-22 08:48Financial Performance - The company's revenue for Q1 2024 was ¥806,974,784.61, representing a 27.15% increase compared to ¥634,652,184.06 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥9,088,832.92, an improvement of 87.49% from a loss of ¥72,653,545.73 in the previous year[5] - The net loss for Q1 2024 was ¥9,092,428.29, a significant improvement from a net loss of ¥72,683,053.55 in Q1 2023[20] - The company achieved a gross profit margin of approximately 17.5% in Q1 2024, compared to a negative margin in the same period last year[20] Cash Flow - The net cash flow from operating activities was negative at ¥87,291,296.07, a decline of 156.43% compared to the previous year's negative cash flow of ¥34,041,627.85[5] - Cash inflow from operating activities totaled ¥813,680,720.53, while cash outflow was ¥900,972,016.60, indicating a cash flow challenge[22] - The company reported a cash flow from operating activities net outflow of ¥87,291,296.07, compared to an outflow of ¥34,041,627.85 in the previous year[22] - Net cash flow from financing activities improved to CNY 121,430,453.83 compared to a negative CNY 39,150,133.52 in the previous year[23] - The net increase in cash and cash equivalents was CNY 10,939,213.57, a recovery from a decrease of CNY 81,893,130.52 in the same quarter last year[23] - The ending balance of cash and cash equivalents was CNY 120,999,181.48, up from CNY 110,059,967.91 at the beginning of the period[23] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥3,642,108,287.93, a slight decrease of 0.32% from ¥3,653,636,876.08 at the end of the previous year[5] - The company's total liabilities were RMB 3,457,533,659.62, slightly down from RMB 3,459,411,164.81[17] - The company's current assets totaled RMB 2,358,504,660.98, showing a marginal increase from RMB 2,357,234,032.62 at the start of the quarter[15] - The company's short-term borrowings increased to RMB 1,391,144,944.44 from RMB 1,261,428,895.56, reflecting a rise of approximately 10.3%[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 46,937, with the largest shareholder holding 27.74% of the shares[10] Research and Development - The company reported a significant increase in development expenditures by 63.50%, attributed to new product research and development in wireless communication modules[9] - Research and development expenses decreased to ¥49,227,712.07 in Q1 2024 from ¥65,036,052.66 in Q1 2023, reflecting a reduction of 24.3%[18] Regulatory and Compliance - The company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws[13] - The company did not undergo an audit for the first quarter report[24] - The company has not disclosed any new product developments or market expansion strategies in the current report[15]