Teamsun(600410)2024-04-24 12:11Financial Performance - The company's revenue for Q1 2024 was CNY 889.08 million, a decrease of 5.16% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of CNY 168.33 million, representing a decline of 374.30% year-over-year[5] - The basic earnings per share were CNY -0.1535, reflecting a decline of 374.11% compared to the same period last year[5] - Net profit for Q1 2024 was a loss of CNY 166,863,546.12, compared to a profit of CNY 63,033,290.27 in Q1 2023[22] - The company experienced a foreign exchange loss of CNY 125,672,722.83 in Q1 2024, compared to a gain of CNY 11,612,073.38 in Q1 2023[22] - The total profit (loss) for Q1 2024 was -¥176,278,447.35, compared to -¥29,526,666.12 in Q1 2023, indicating a significant increase in losses[34] Cash Flow - The net cash flow from operating activities was CNY 220.74 million, down 25.67% from the previous year[5] - Cash flow from operating activities decreased to CNY 1,311,163,838.50 in Q1 2024, down from CNY 1,454,549,608.45 in Q1 2023[26] - The net cash flow from operating activities for Q1 2024 was ¥220,740,337.82, a decrease of 25.6% compared to ¥296,966,955.56 in Q1 2023[27] - The net cash flow from financing activities was -¥247,073,916.96, compared to a positive cash flow of ¥33,406,158.83 in Q1 2023[28] - The net cash flow from operating activities was negative at -¥116,295,424.40 in Q1 2024, compared to -¥27,487,563.45 in Q1 2023, indicating increased cash outflow[35] Assets and Liabilities - Total assets at the end of the reporting period were CNY 8.62 billion, a decrease of 1.75% from the end of the previous year[6] - The company's total liabilities as of Q1 2024 were CNY 3,836,833,976.69, slightly up from CNY 3,826,020,493.30 in Q1 2023[20] - The total equity attributable to shareholders was CNY 4,138,620,868.38 in Q1 2024, down from CNY 4,303,341,033.30 in Q1 2023[20] - The total assets as of March 31, 2024, amounted to ¥6,908,386,829.22, down from ¥7,214,060,053.70 at the end of 2023[30] - The total liabilities decreased to ¥3,210,890,747.74 from ¥3,355,425,663.97 at the end of 2023[31] - The company's total equity as of March 31, 2024, was ¥3,697,496,081.48, down from ¥3,858,634,389.73 at the end of 2023[31] Revenue Breakdown - Revenue from mainland operations (excluding ASL) was CNY 342 million, down 13.3% year-over-year[6] - Revenue from Hong Kong operations (ASL) was CNY 547 million, an increase of 0.8% year-over-year[6] - Total operating revenue for Q1 2024 was CNY 889,078,410.59, a decrease of 5.1% compared to CNY 937,406,921.63 in Q1 2023[20] - The company's operating revenue for Q1 2024 was ¥307,102,995.70, a decrease of 14.2% compared to ¥357,958,491.59 in Q1 2023[32] Expenses - Total operating costs for Q1 2024 were CNY 934,293,580.61, down 5.0% from CNY 983,152,275.58 in Q1 2023[20] - The company reported a significant increase in financial expenses, with interest expenses rising to CNY 16,727,707.09 in Q1 2024 from CNY 11,967,816.60 in Q1 2023[20] - Research and development expenses decreased to CNY 22,399,483.08 in Q1 2024 from CNY 31,565,723.53 in Q1 2023, indicating a reduction in investment in innovation[20] - The company incurred financial expenses of ¥14,545,008.57 in Q1 2024, an increase of 55.5% from ¥9,368,785.01 in Q1 2023[33] - The company reported a decrease in sales expenses to ¥18,366,203.02 in Q1 2024 from ¥27,600,040.48 in Q1 2023, a reduction of 33.5%[32] Investment Activities - The company reported a significant decrease in investment income by 97.22%, primarily due to stock price fluctuations of its investee[11] - Total cash inflow from investment activities was ¥51,495,725.66, significantly up from ¥5,658,641.00 in the previous year[27] - The cash flow from investment activities showed a significant recovery with a net inflow of ¥1,697,193.84 compared to a net outflow of -¥53,919,862.48 in Q1 2023[27] - The cash inflow from investment activities was ¥45,332,780.04 in Q1 2024, a substantial increase from ¥3,266,166.00 in Q1 2023[36]