云天励飞(688343) - 2024 Q1 - 季度财报

Revenue and Operating Performance - Revenue for Q1 2024 increased to RMB 98.45 million, up from RMB 55.13 million in Q1 2023, representing a growth of approximately 78.6%[11] - Operating revenue was 78.57, primarily driven by new projects in smart city sectors such as transportation and policing[22] - Operating costs increased to 201.42 due to higher sales personnel costs[22] Losses and Profitability - Operating loss for Q1 2024 was RMB -137.97 million, compared to RMB -90.41 million in Q1 2023, indicating a widening loss[8] - Net loss attributable to shareholders for Q1 2024 was RMB -137.82 million, compared to RMB -90.27 million in Q1 2023[8] - Net profit attributable to shareholders of the listed company was RMB -137,817,011.37, with a basic earnings per share of RMB -0.39[37] - Comprehensive income for the period was negative RMB 138,065,000.62, compared to negative RMB 90,474,255.91 in the previous period[55] - The weighted average return on equity (ROE) was -3.18%[37] R&D Expenses - R&D expenses for Q1 2024 were RMB 78.45 million, up from RMB 72.98 million in Q1 2023, reflecting a 7.5% increase[8] - R&D investment totaled RMB 78,448,277.06, accounting for 79.68% of operating revenue, a decrease of 52.70 percentage points[37] - R&D investment as a percentage of operating income decreased by 52.70 percentage points, mainly due to an increase in operating income while R&D expenses remained relatively stable[39] Assets and Liabilities - Total assets as of March 31, 2024, were RMB 4.86 billion, slightly up from RMB 4.85 billion as of December 31, 2023[10] - Total liabilities for Q1 2024 increased to RMB 575.11 million, up from RMB 474.97 million in Q1 2023, a rise of approximately 21.1%[10] - Total assets increased by 0.23% to RMB 4,864,569,620.29 compared to the end of the previous year[37] - Current liabilities amounted to RMB 525,051,504.58, with accounts payable at RMB 280,796,301.58[35] - The company's total equity attributable to shareholders decreased by 2.05% to RMB 4,290,697,174.95[37] Cash Flow and Financial Activities - Cash and cash equivalents as of March 31, 2024, were RMB 1.42 billion, a significant increase from RMB 804.54 million as of December 31, 2023[15] - Net cash flow from investment activities was 741,040,085.29, indicating a positive cash inflow from investments[18] - Net cash flow from financing activities was 45,694,822.29, with a total cash inflow of 3,602,016,258.93 from investment absorption[18] - Net increase in cash and cash equivalents was 620,474,694.04, with a closing balance of 1,144,085,802.92[18] - Net cash flow from investment activities was 534.90, mainly due to increased cash payments for long-term asset construction[22] - Net cash flow from financing activities was -98.73, reflecting the absence of fundraising activities compared to the previous period[22] - The net cash flow from operating activities was negative at RMB -166,268,010.57[37] - Cash received from other operating activities was RMB 16,086,904.80, compared to RMB 24,787,894.95 in the previous period[54] - Total cash inflow from operating activities was RMB 143,538,647.84, compared to RMB 104,865,139.77 in the previous period[54] - Total cash outflow from operating activities was RMB 309,806,658.42, compared to RMB 208,056,905.20 in the previous period[54] - Net cash flow from operating activities was negative RMB 166,268,010.57, compared to negative RMB 103,191,765.43 in the previous period[54] Inventory and Trade Receivables - Trade receivables as of March 31, 2024, were RMB 504.32 million, up from RMB 491.22 million as of December 31, 2023[15] - Inventory as of March 31, 2024, increased to RMB 284.58 million, up from RMB 135.91 million as of December 31, 2023[15] - Inventory increased by 109.39% due to delayed delivery progress of sales projects at the end of the quarter[39] Non-Current Assets and Financial Assets - Other non-current financial assets as of March 31, 2024, were RMB 107.90 million, up from RMB 67.00 million as of December 31, 2023[15] - Non-current assets increased to RMB 899,787,752.63, with other non-current assets rising significantly to RMB 315,165,168.14[35] - Other current assets increased by 157.21% due to an increase in input tax received from the purchase of long-term assets[39] - Other non-current assets increased by 237.68% due to the purchase of long-term assets that have not yet been delivered[39] Investment Activities - Investment activities cash outflow totaled 1,045,606,722.30, with a significant portion of 780,000,000.00 allocated to payments related to other investment activities[18] Shareholder Information - The company's top shareholder, Chen Ning, holds 23.56% of the shares, with a total of 8,367.2080 shares[22] Non-Recurring Gains and Losses - Non-recurring gains and losses amounted to 18,924,741.52, including other non-operating income and expenses of 774,427.56[27] - Government subsidies contributed RMB 5,482,133.38 to non-recurring gains and losses[38] - The company's financial assets and liabilities generated a fair value change gain of RMB 12,673,232.57[38] Monetary Funds and Wealth Management - Monetary funds increased by 75.92% due to the redemption of matured wealth management products[39]