Nsfocus(300369)2024-04-24 11:21Financial Performance - The company's revenue for Q1 2024 was ¥356,985,933.63, representing an increase of 8.48% compared to ¥329,074,219.09 in the same period last year[4]. - The net profit attributable to shareholders was -¥150,109,796.26, an improvement of 17.28% from -¥181,466,054.62 year-over-year[4]. - The company's basic earnings per share improved to -¥0.1878, an 18.21% increase from -¥0.2296 in the same period last year[4]. - Net loss for Q1 2024 was CNY 150,300,148.46, an improvement from a net loss of CNY 181,726,111.69 in Q1 2023[28]. - Operating profit for Q1 2024 was CNY -145,726,806.99, compared to CNY -172,737,789.08 in the previous year, indicating a reduction in losses[27]. - The total comprehensive income attributable to the parent company for Q1 2024 was -149,567,036.54 CNY, compared to -184,739,790.61 CNY in Q1 2023, showing an improvement of approximately 19%[29]. Cash Flow - The net cash flow from operating activities was ¥26,927,422.23, a significant turnaround from -¥152,184,312.67 in the previous year, marking a 117.69% increase[4]. - Cash inflow from operating activities for Q1 2024 was 608,240,486.23 CNY, slightly up from 604,726,249.56 CNY in Q1 2023[31]. - Cash inflow from investment activities for Q1 2024 totaled 653,599,800.29 CNY, compared to 593,118,618.64 CNY in Q1 2023[31]. - Cash inflow from financing activities for Q1 2024 was 236,345,064.70 CNY, with cash outflow totaling 217,377,385.12 CNY, resulting in a net cash flow of 18,967,679.58 CNY[32]. - The ending cash and cash equivalents balance for Q1 2024 was 733,984,342.74 CNY, up from 609,716,077.88 CNY at the end of Q1 2023[32]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,024,421,570.64, down 3.14% from ¥4,155,068,104.07 at the end of the previous year[4]. - Total liabilities as of Q1 2024 amounted to CNY 1,422,365,358.38, slightly up from CNY 1,410,978,867.90 in the previous year[24]. - Total equity attributable to shareholders of the parent company decreased to CNY 2,602,731,988.03 from CNY 2,744,574,659.74 year-over-year[24]. Shareholder Information - The total number of common stock shareholders at the end of the reporting period is 43,883[15]. - The largest shareholder, Shen Jiyi, holds 10.04% of the shares, totaling 80,250,145 shares[16]. - The total number of restricted shares held by major shareholders at the end of the period is 82,364,661[19]. - The company plans to release restricted shares held by major shareholders, including Shen Jiyi, on January 1, 2024[19]. Expenses and Investments - Financial expenses rose by 435.72% to ¥4,352,661.21, primarily due to increased borrowing interest expenses[10]. - The company recorded a 332.76% increase in development expenditures, amounting to ¥49,687,163.67, due to new capitalized R&D projects[8]. - Research and development expenses for Q1 2024 were CNY 140,892,648.60, down 9.0% from CNY 154,918,892.10 in Q1 2023[27]. - The company has ongoing development expenditures of ¥49,687,163.67, significantly up from ¥11,481,443.03, indicating increased investment in new technologies[22]. Other Financial Metrics - The company reported a tax expense of CNY 3,213,867.24 for Q1 2024, down from CNY 9,030,383.95 in the same quarter last year[28]. - Other comprehensive income after tax for Q1 2024 was CNY 542,759.72, compared to a loss of CNY 3,273,735.99 in Q1 2023, indicating a significant recovery[28]. - Deferred income increased to CNY 65,282,491.32 in Q1 2024 from CNY 56,304,351.10 in Q1 2023, representing a growth of 15.4%[24]. Audit Status - The first quarter report for 2024 was not audited[33].