CONSYS(688788)2024-04-25 14:27Financial Performance - The company's operating revenue for Q1 2024 was CNY 14,293,060.78, representing a year-on-year increase of 25.32%[4] - The net profit attributable to shareholders was CNY -53,533,822.19, showing a slight increase of 0.66% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 28.96%, amounting to CNY -70,180,817.77[4] - The net profit for the same period was a loss of RMB 59.22 million, a year-on-year decrease of 6.89%[13] - Net loss for Q1 2024 was ¥59,218,119.95, compared to a net loss of ¥55,401,245.89 in Q1 2023, indicating a decline in profitability[24] - Basic and diluted earnings per share for Q1 2024 were both -¥0.5108, slightly worse than -¥0.5096 in Q1 2023[25] Cash Flow - The net cash flow from operating activities was CNY -26,035,778.72, an improvement of 49.09% year-on-year[5] - The net cash flow from operating activities was -51,144,006.40 in the previous quarter, indicating a 49% reduction in cash outflow[28] - Cash inflow from operating activities totaled ¥79,195,169.76, an increase from ¥61,362,865.42 in the previous year[27] - Cash received from sales of goods and services was ¥69,699,929.22, up from ¥51,305,555.10 in Q1 2023, reflecting improved sales performance[27] - The total cash outflow from operating activities was 112,506,871.82, showing a 6.5% reduction[28] Research and Development - Total R&D investment reached CNY 66,451,064.19, up 29.96% from the previous year, with R&D expenses accounting for 464.92% of operating revenue, an increase of 16.59 percentage points[5] - The increase in R&D expenses was primarily due to enhanced investment in product competitiveness, particularly in the chip sector[9] - R&D expenses for the quarter amounted to RMB 66.45 million, focusing on new generation smart wireless communication chips and other projects[14] - Research and development expenses rose to ¥66,451,064.19, representing a 30% increase compared to ¥51,131,961.54 in Q1 2023[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,520,037,099.39, a decrease of 2.03% from the end of the previous year[5] - As of March 31, 2024, the company's total assets were RMB 2.52 billion, a decrease from RMB 2.57 billion at the end of 2023[18] - The company's total assets and equity decreased to ¥2,520,037,099.39 and ¥2,374,441,040.09 respectively, compared to ¥2,572,190,237.61 and ¥2,435,793,430.85 in the previous year[20] - The company's current liabilities totaled RMB 130.63 million, an increase from RMB 121.66 million in the previous period[19] Shareholder Actions - The company has repurchased a total of 984,943 shares, accounting for 0.9314% of the total share capital, with a total expenditure of RMB 37.04 million[15] Operational Highlights - The company experienced an increase in customer procurement, which positively impacted revenue growth[8] - The company reported a significant increase in cash collection from accounts receivable, contributing to improved cash flow[8] - The company is focused on expanding its capabilities in electronic information equipment, particularly in cloud computing and wireless communication[13] - The company's subsidiary, Nanjing Sixin Intelligent Technology Co., Ltd., completed its business registration during the reporting period[15] Costs and Expenses - Total operating costs increased to ¥92,924,971.87, up 38.3% from ¥67,242,238.87 in the same period last year[23] - The company reported a significant increase in interest expenses to ¥1,347,265.33 from ¥213,983.74 in Q1 2023[24] - The company experienced a credit impairment loss of ¥18,265,336.26, a notable increase from a loss of -¥107,249.11 in the same quarter last year[24] - Cash payments for taxes amounted to 273,851.98 in the previous quarter, representing a 908% increase[28]