YKS(300209)2024-04-25 16:54Financial Performance - The company's revenue for Q1 2024 was ¥117,593,927.20, a decrease of 2.61% compared to ¥120,748,286.11 in the same period last year[4] - The net loss attributable to shareholders was ¥2,980,445.78, an improvement of 85.89% from a loss of ¥21,121,834.93 in the previous year[4] - The net profit for Q1 2024 was -522,741.36 CNY, compared to -18,734,977.50 CNY in Q1 2023, indicating a significant reduction in losses[24] - The total revenue from operating activities was 130,341,290.30 CNY, down from 155,044,355.54 CNY in the previous year, reflecting a decrease of approximately 15.9%[27] - The total operating expenses increased to 167,555,839.92 CNY from 144,801,165.89 CNY, marking an increase of approximately 15.7%[27] - The company reported a total comprehensive loss of -2,342,472.67 CNY for the quarter, compared to -18,118,427.11 CNY in the same period last year[24] Cash Flow and Assets - The net cash flow from operating activities was negative at ¥37,214,549.62, a decline of 463.31% compared to a positive cash flow of ¥10,243,189.65 in the same period last year[4] - The cash flow from operating activities showed a net outflow of -37,214,549.62 CNY, contrasting with a net inflow of 10,243,189.65 CNY in Q1 2023[27] - The cash and cash equivalents increased to CNY 50,103,164.63 from CNY 40,817,259.33, representing a growth of 22.5%[20] - The cash and cash equivalents at the end of the period were 25,271,912.62 CNY, a decrease from 87,483,057.75 CNY at the end of Q1 2023[28] - The company generated 46,615,968.27 CNY in net cash flow from investing activities, a significant increase from 6,000.00 CNY in the previous year[27] Assets and Liabilities - Total assets decreased by 54.93% to ¥364,383,263.48 from ¥808,449,086.41 at the end of the previous year[4] - The total assets of the company reached CNY 364,383,263.48, an increase from CNY 350,363,915.77 at the beginning of the period[21] - Total liabilities increased to CNY 777,295,000.41 from CNY 760,933,180.03, reflecting a growth of 2.0%[21] - The company's equity attributable to shareholders was negative at ¥-411,395,653.55, a significant decline of 633.61% from ¥77,097,031.27 at the end of the previous year[4] - As of the end of 2023, the company's equity attributable to shareholders is -406.5955 million RMB, triggering a risk warning for delisting[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 18,732[12] - The largest shareholder, Xiao Siqing, holds 7.22% of shares, amounting to 30,463,315 shares, with 22,847,486 shares pledged[12] - The total number of restricted shares at the end of the period is 22,847,486, with 4,385,757 shares released from restriction during the period[14] - The company has a total of 27,233,243 restricted shares at the beginning of the period, with no new restrictions added[14] Restructuring and Legal Issues - The company is currently undergoing a pre-restructuring phase due to significant debt issues, with a court application for restructuring filed[15] - The company has not yet received legal documents regarding formal entry into the restructuring process, indicating uncertainty[15] - The company is in the process of organizing creditor claims related to its pre-restructuring efforts[15] - The company has a significant risk of stock termination if it fails to meet listing requirements in 2024[17] - The company has not reported any changes in the participation of major shareholders in margin trading activities[13] Research and Development - Research and development expenses decreased by 54.07% to ¥2,731,000.00 compared to the previous year[9] - Research and development expenses decreased to CNY 2,730,299.92 from CNY 5,944,770.96, a reduction of 54.0%[22] Impairment and Gains - The company recorded a reversal of credit impairment losses amounting to ¥8,198,716.65, an increase of 191.03% compared to the previous year[9] - The company reported a significant increase in credit impairment losses to CNY 12,490,464.35, compared to CNY 4,291,747.70 in the previous period[22] - The total amount of non-recurring gains and losses for the period was ¥15,278,296.11[5] - The asset disposal income increased by 4,297.72% to ¥5,469,496.93, primarily due to increased fixed asset disposal gains[10] Return on Assets - The weighted average return on net assets improved to -0.73% from -26.63% in the previous year, reflecting a 97.26% increase[4]