Feitian(300386)2024-04-24 08:36Financial Performance - The company's operating revenue for Q1 2024 was ¥147,626,757.66, a decrease of 0.71% compared to ¥148,686,515.57 in the same period last year[5] - The net loss attributable to shareholders decreased by 75.78% to ¥8,680,367.29 from ¥35,835,028.40 year-on-year[5] - Basic and diluted earnings per share improved by 77.78%, both at -¥0.02 compared to -¥0.09 in the same period last year[5] - Net profit for Q1 2024 was a loss of CNY 8,824,500.43, compared to a loss of CNY 35,882,284.32 in Q1 2023, indicating an improvement in performance[19] Cash Flow and Liquidity - The net cash flow from operating activities improved by 4.67%, amounting to -¥71,203,906.74 compared to -¥74,689,962.54 in the previous year[5] - Cash inflow from operating activities totaled CNY 159,217,378.57, an increase from CNY 148,849,570.50 in the previous year[22] - The cash and cash equivalents at the end of the period stood at 213,994,072.13, down from 334,557,867.64 a year ago, indicating a decrease in liquidity[23] - The net increase in cash and cash equivalents was -98,893,051.51, compared to -87,109,892.85 in the previous year, indicating a continued cash drain[23] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥1,704,231,634.12, a decrease of 2.16% from ¥1,741,800,258.86 at the end of the previous year[5] - The company’s total liabilities decreased by 83.68% in other payables, amounting to ¥408,211.24 compared to ¥2,500,576.32 at the end of the previous year[8] - Total liabilities decreased to CNY 163,864,044.03 from CNY 194,394,099.08, a reduction of 15.66%[19] - The total cash outflow from financing activities was 3,007,789.62, compared to 3,796,597.01 in the previous year, showing a decrease in financing costs[23] Research and Development - The company reported a 33.40% increase in R&D expenses, totaling ¥21,658,964.81 compared to ¥16,236,524.23 in the same period last year[8] - Research and development expenses increased to CNY 21,658,964.81, up from CNY 16,236,524.23, reflecting a growth of 33.06%[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 31,679[10] - The largest shareholder, Huang Yu, holds 30.31% of the shares, totaling 126,700,046 shares[10] - The total number of restricted shares held by major shareholders remains significant, with Huang Yu holding 95,025,034 restricted shares[12] Investment Activities - The company reported a net cash outflow from investing activities, indicating ongoing investments in growth despite the losses[22] - The total cash outflow from investing activities was 114,481,917.64, down from 430,603,340.99 in the same period last year, reflecting a significant reduction in investment expenditures[23] - The cash inflow from investment recovery was 82,100,800.00, significantly lower than 390,490,000.00 in the previous year, reflecting reduced investment returns[23] Other Financial Metrics - The company received government subsidies amounting to ¥1,229,505.85, an increase of 46.57% from ¥838,840.37 in the previous year[8] - The company’s investment income loss improved by 99.04%, with a loss of ¥27,690.13 compared to a loss of ¥2,888,437.90 in the previous year[8] - Other comprehensive income after tax for the parent company was CNY 1,785,930.74, compared to a loss of CNY 217,293.60 in the previous year[19] Accounting and Audit - The company has not undergone an audit for the first quarter report, which may affect investor confidence[25] - The company is implementing new accounting standards starting in 2024, which may impact future financial reporting[24]