掌阅科技(603533) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was CNY 678,455,776.21, representing a year-on-year increase of 13.43%[5] - The net profit attributable to shareholders was CNY -73,150,242.74, a decrease of 1,196.91% compared to the same period last year[5] - The basic and diluted earnings per share were both CNY -0.17, reflecting a decline of 950.00% year-on-year[5] - The net cash flow from operating activities was CNY -149,163,329.10, a decrease of 2,099.95% compared to the previous year[5] - Operating profit for Q1 2024 was negative, with a loss of ¥81,909,683.06 compared to a profit in Q1 2023[20] - In Q1 2024, the company reported a net loss of CNY 73,236,968.82, compared to a net profit of CNY 8,261,390.53 in Q1 2023, indicating a significant decline in profitability[21] - The total comprehensive loss for the period was CNY 73,240,183.27, compared to a comprehensive income of CNY 7,869,706.03 in the same quarter last year[22] - The operating profit (loss) was reported at CNY -72,790,653.53, a stark contrast to the operating profit of CNY 11,011,367.30 in Q1 2023[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,245,443,131.85, down 5.81% from the end of the previous year[7] - Cash and cash equivalents decreased to ¥1,775,045,538.15 as of March 31, 2024, down from ¥2,134,391,992.18 at the end of 2023, a decline of 16.8%[14] - Total assets as of March 31, 2024, were ¥3,245,443,131.85, down from ¥3,445,468,454.54 at the end of 2023, a decrease of 5.8%[17] - Total liabilities decreased to ¥771,557,759.52 from ¥898,342,898.94, a reduction of 14.1%[17] - The company's equity attributable to shareholders decreased to ¥2,454,810,239.44 from ¥2,527,963,696.63, a decline of 2.9%[17] - Accounts receivable as of March 31, 2024, were ¥311,174,841.41, slightly down from ¥329,461,341.94 at the end of 2023, a decrease of 5.4%[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 97,981[10] - The top two shareholders, Zhang Lingyun and Cheng Xiangjun, collectively hold 43.93% of the company's shares[11] Expenses and Costs - Total operating costs for Q1 2024 were ¥760,365,459.27, up from ¥596,075,353.85 in Q1 2023, representing a 27.5% increase[20] - Research and development expenses for Q1 2024 amounted to ¥51,492,621.72, a decrease of 9.5% from ¥56,746,013.40 in Q1 2023[20] - The company plans to enhance its marketing efforts, resulting in a sales expense of CNY 487,000,000, which is a 32.13% increase year-on-year[12] Strategic Focus - The company is focusing on strategic transformation, leveraging AI technology to integrate with various product lines[12] - The company aims to improve its free reading business through product innovation and refined operational capabilities[12] - The company plans to continue focusing on market expansion and new product development to improve future performance[27] Cash Flow and Investment - The total revenue from operating activities was CNY 723,635,993.83, slightly up from CNY 709,835,626.86 in the same period last year, reflecting a growth of approximately 1.1%[24] - The operating cash flow turned negative with a net cash outflow of CNY 149,163,329.10, compared to a positive cash flow of CNY 7,458,344.41 in Q1 2023[25] - The company recorded an investment cash inflow of CNY 479,000,000.00, up from CNY 327,853,570.00 in the previous year, representing an increase of about 46.1%[26] - The cash and cash equivalents at the end of Q1 2024 stood at CNY 1,525,045,538.15, down from CNY 1,461,360,047.01 at the end of Q1 2023[26] - The company reported an investment income of ¥6,576,517.78 for Q1 2024, an increase from ¥4,998,385.90 in Q1 2023[20]