EMPTECH(300546)2024-04-25 13:12Revenue and Profit - Revenue for Q1 2024 was CNY 72,447,312.50, a decrease of 35.70% compared to CNY 112,663,942.44 in the same period last year[5] - Net profit attributable to shareholders was a loss of CNY 2,268,882.12, down 161.33% from a profit of CNY 3,699,575.92 in the previous year[5] - Total operating revenue for Q1 2024 was CNY 72,447,312.50, a decrease of 35.6% compared to CNY 112,663,942.44 in the same period last year[19] - Net profit for Q1 2024 was a loss of CNY 2,268,882.12, compared to a profit of CNY 3,699,575.92 in Q1 2023[21] - The total comprehensive income attributable to the parent company was -2,269,263.03 CNY, compared to 3,691,684.08 CNY in the previous period[22] Cash Flow - Net cash flow from operating activities was negative CNY 40,327,554.90, a decline of 506.12% compared to CNY 9,929,976.43 in Q1 2023[5] - Cash inflow from operating activities totaled 78,372,891.37 CNY, a decrease of 48.3% from 151,792,854.62 CNY in the previous period[24] - Cash outflow from operating activities was 118,700,446.27 CNY, resulting in a net cash flow from operating activities of -40,327,554.90 CNY, compared to 9,929,976.43 CNY in the previous period[24] - Cash inflow from investment activities was 283,676,485.07 CNY, down 35.9% from 442,488,020.45 CNY in the previous period[25] - Net cash flow from investment activities was 72,946,137.28 CNY, compared to 171,348,188.04 CNY in the previous period[25] - The net increase in cash and cash equivalents was 30,643,610.85 CNY, significantly lower than 177,470,390.66 CNY in the previous period[25] - The ending balance of cash and cash equivalents was 365,869,516.34 CNY, down from 486,525,137.46 CNY in the previous period[25] Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 1,271,920,153.41, a slight decrease of 0.05% from CNY 1,272,573,168.07 at the end of the previous year[5] - Total current assets as of March 31, 2024, amounted to CNY 1,021,778,409.05, showing a slight increase from CNY 1,014,282,510.12 at the beginning of the period[16] - Total liabilities increased to CNY 212,546,033.51, compared to CNY 210,929,785.14 in the previous quarter[18] - The company reported a decrease in trading financial assets from CNY 280,000,000.00 to CNY 40,000,000.00, a decline of about 85.7%[16] - The total non-current assets decreased from CNY 129,492,022.86 to CNY 126,348,008.62, a reduction of approximately 1.7%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 21,311[10] - The largest shareholder, Gao Jing, holds 31.79% of the shares, totaling 58,975,152 shares[10] - The total number of shares held by the top 10 unrestricted shareholders includes 14,743,788 shares held by Gao Jing, the largest shareholder[11] - The company has a total of 52,486,371 shares under lock-up agreements, with 818,475 shares newly added during the period[14] - The company’s actual controller is Gao Jing, who is in a mother-son relationship with Zheng Song, indicating a unified action among major shareholders[11] Operating Performance - The company reported a significant decrease in operating income due to the absence of overseas election revenue, which was CNY 50,128,000 in the previous year[8] - Total operating costs for Q1 2024 were CNY 83,212,606.76, down 28.5% from CNY 116,267,823.89 year-over-year[19] - Research and development expenses increased to CNY 23,529,723.11, up 9.8% from CNY 21,420,614.05 in the previous year[19] - The company reported a decrease in sales expenses to CNY 14,313,745.42 from CNY 15,146,483.48 year-over-year[19] - The company has not reported any new product launches or significant market expansions in this quarter[19] - There were no indications of mergers or acquisitions in the current financial report[19] Accounting and Audit - The company has not undergone an audit for the first quarter report[27] - The company will implement new accounting standards starting in 2024, which will not affect the financial statements[26]