Trust&far Technology(300231)2024-04-23 10:32Financial Performance - The company's revenue for Q1 2024 was ¥376,570,029.46, a decrease of 19.29% compared to ¥466,561,315.33 in the same period last year[4] - Net profit attributable to shareholders was ¥16,646,108.61, down 21.00% from ¥21,069,815.37 year-on-year[4] - Basic earnings per share decreased by 19.64% to ¥0.0397 from ¥0.0494 in the same period last year[4] - Total operating revenue for Q1 2024 was CNY 376,570,029.46, a decrease of 19.3% compared to CNY 466,561,315.33 in Q1 2023[17] - Net profit for Q1 2024 was CNY 16,646,108.61, down 20.0% from CNY 21,069,815.37 in the same period last year[18] Cash Flow - The net cash flow from operating activities improved by 47.32%, reaching -¥101,870,921.25 compared to -¥193,376,787.80 in the previous year[4] - Cash inflow from operating activities totaled 369.94 million in the previous period[20] - Cash outflow from operating activities decreased to 563.32 million last period[20] - The net cash flow from financing activities saw a drastic reduction of 165.93%, with a net outflow of -¥97,762,744.75 compared to a net inflow of ¥148,292,283.13 in the previous year[10] - The net cash flow from financing activities was -148.29 million in the previous period[21] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥2,368,834,608.37, a decline of 5.71% from ¥2,512,179,613.70 at the end of the previous year[4] - Total liabilities decreased to CNY 749,019,958.45 from CNY 903,905,472.77, a reduction of 17.1%[16] - The company’s non-current assets totaled CNY 773,067,624.90, a slight decrease from CNY 781,480,206.30[16] Research and Development - Research and development expenses were ¥17,180,251.69, down 45.77% from ¥31,678,244.58 in the previous year, indicating reduced investment in R&D[9] - Research and development expenses for Q1 2024 were CNY 17,180,251.69, down 45.8% from CNY 31,678,244.58 in Q1 2023[17] Shareholder Information - The total equity attributable to shareholders increased slightly by 0.72% to ¥1,619,814,649.92 from ¥1,608,274,140.93 at the end of the previous year[4] - The total number of common shareholders at the end of the reporting period is 48,763[12] - The top shareholder, Mr. Zhan Lixiong, holds 21.98% of the shares, totaling 92,094,320 shares[12] - The company has no preferred shareholders or restricted shares reported during this period[13] - The company reported no changes in the number of shares held by the top ten unrestricted shareholders[12] Inventory and Receivables - The company has a total of ¥89,497,806.97 in inventory, slightly down from ¥90,620,421.46[14] - Accounts receivable increased from ¥840,455,379.09 to ¥916,205,011.56, representing a growth of about 9.0%[14] - Total current assets decreased from ¥1,730,699,407.40 to ¥1,595,766,983.47, a reduction of approximately 7.8%[14] - The company holds long-term equity investments valued at ¥238,337,703.10, unchanged from the previous period[14] Future Strategy - The company plans to focus on market expansion and new product development as part of its future strategy[19]