Nations(300077)2024-04-25 12:37Revenue and Profitability - The company's revenue for Q1 2024 was ¥230,569,513.87, representing a 6.47% increase compared to ¥216,549,275.18 in the same period last year[4] - The net loss attributable to shareholders decreased to ¥74,806,782.26, an improvement of 11.17% from a loss of ¥84,214,948.36 in the previous year[4] - The basic earnings per share improved to -¥0.13 from -¥0.15, reflecting a 13.33% increase[4] - Net profit attributable to the parent company was CNY -74,806,782.26, an improvement from CNY -84,214,948.36 in the previous period, indicating a 11.7% reduction in losses[27] - Total comprehensive income for the current period was CNY -78,896,468.11, compared to CNY -88,668,072.48 in the previous period, showing a 11.5% improvement[28] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, with a net cash outflow of ¥63,188,480.63, a 61.10% reduction from ¥162,421,008.75 in the prior year[4] - The company reported a net cash outflow from operating activities of CNY -63,188,480.63, an improvement from CNY -162,421,008.75 in the previous period[31] - Operating cash inflows totaled CNY 168,826,123.97, compared to CNY 153,647,302.41 in the previous period, reflecting a 9.8% increase[31] - The ending cash and cash equivalents balance was 668,580,752.25, down from 432,120,676.78 year-over-year, indicating a decrease in liquidity[33] - The company's cash and cash equivalents decreased to CNY 700,917,827.68 from CNY 792,898,487.29, reflecting a decline of approximately 11.6%[18] Assets and Liabilities - The company's total assets decreased by 2.89% to ¥3,692,790,133.28 from ¥3,802,581,431.86 at the end of the previous year[6] - The total liabilities of the company were CNY 2,522,183,955.36, down from CNY 2,557,078,005.76, showing a decrease of about 1.4%[23] - The total equity of Guomin Technology Co., Ltd. was reported as CNY 1,170,606,177.92, with retained earnings showing a deficit of CNY 2,092,176,305.91[23] - The company's short-term borrowings were CNY 605,812,517.33, slightly down from CNY 623,096,713.12, a decrease of approximately 2.3%[21] - Long-term borrowings increased to CNY 839,920,381.14 from CNY 785,562,591.37, indicating an increase of about 6.9%[23] Operational Efficiency - Total operating costs decreased to CNY 297,942,362.14 from CNY 332,744,579.30, reflecting a reduction of 10.5%[26] - Research and development expenses decreased by 30.13% to ¥5,846,000, reflecting cost control measures[11] - Research and development expenses were CNY 58,540,009.09, down 30.1% from CNY 83,780,847.43 in the previous period[26] - The integrated circuit business revenue increased by 42.50% year-on-year, contributing to an overall improvement in gross margin[12] Investment Activities - The company reported a significant decrease in investment income, down 97.86% to ¥13,000 from ¥584,140 in the previous year, primarily due to the absence of exit gains from previous projects[11] - The net cash flow from investment activities was -42,886,646.50, compared to -59,467,148.18 in the previous year, indicating a decrease in investment losses[32] - The total cash inflow from investment activities was 191,344.42, compared to 117,258,784.69 in the previous year, reflecting a decrease in investment returns[32] - The cash outflow for the purchase of fixed assets and intangible assets was 43,077,990.92, compared to 61,532,132.02 in the previous year, indicating reduced capital expenditures[32] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 83,500[15]