Financial Performance - The company's revenue for Q1 2024 was ¥46,173,505.58, a decrease of 27.91% compared to ¥64,051,223.41 in the same period last year[5] - The net loss attributable to shareholders was ¥9,247,081.48, representing a decline of 491.49% from a profit of ¥2,361,996.51 in the previous year[5] - The basic earnings per share were -¥0.0843, a decrease of 426.74% from ¥0.0258 in the same period last year[5] - Total operating revenue for Q1 2024 was CNY 46,173,505.58, a decrease from CNY 64,051,223.41 in the previous period[18] - Net loss for Q1 2024 was CNY -9,387,242.93, compared to a net profit of CNY 2,295,433.14 in the same period last year[19] - Operating profit for Q1 2024 was CNY -12,426,151.29, worsening from a loss of CNY -4,884,943.03 in the previous year[19] - Basic and diluted earnings per share for Q1 2024 were CNY -0.0843, compared to CNY 0.0258 in the previous year[19] Cash Flow - The net cash flow from operating activities was -¥209,628,616.85, an increase in loss of 87.83% compared to -¥111,603,365.19 in the prior year[10] - The net cash flow from operating activities was -111.60 million in the previous year, indicating a significant decline[22] - Total cash inflow from operating activities was 125.87 million year-over-year[22] - Cash outflow from operating activities increased to 237.47 million, reflecting higher operational costs[22] - Cash flow from investment activities showed a net outflow of -531.15 million in the previous year[22] - The net cash flow from financing activities was -38.60 million in the previous year, indicating reduced financing costs[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,011,814,724.14, down 7.46% from ¥2,173,883,759.70 at the end of the previous year[5] - The total liabilities decreased to CNY 734,666,330.74 from CNY 887,345,183.67 in the previous period[17] - The total equity attributable to shareholders was CNY 1,277,576,628.83, down from CNY 1,286,826,650.01[17] - The company’s total liabilities decreased by 33.29% in accounts payable, amounting to ¥175,566,342.57, reflecting improved cash management[9] Shareholder Information - The total number of common shareholders at the end of the reporting period is 14,286[11] - The largest shareholder, Ouyang Hua, holds 36.17% of the shares, totaling 39,665,808 shares[11] - The top ten shareholders hold a combined total of 60.56% of the shares[11] - The company reported a total of 0 preferred shareholders with voting rights restored[11] Expenses and Investments - The company experienced a 40.86% increase in selling expenses, totaling ¥5,753,091.60, primarily due to increased depreciation costs[9] - The company reported a significant increase in investment income, which rose to ¥2,194,287.62, a 4256.98% increase from ¥50,362.57 in the previous year[9] - The company reported a decrease in operating income from government subsidies, which fell by 97.85% to ¥13,391.58 compared to ¥622,156.70 in the previous year[9] - Research and development expenses for Q1 2024 were CNY 10,867,323.13, slightly up from CNY 10,716,979.73 year-over-year[18] Cash and Current Assets - The company's cash and cash equivalents decreased from ¥432,269,521.76 to ¥156,789,537.14, a decline of approximately 63.7%[15] - The total current assets decreased from ¥1,906,392,682.12 to ¥1,735,206,709.17, a reduction of about 9%[15] - Accounts receivable decreased from ¥692,503,560.54 to ¥640,809,179.56, a decline of approximately 7.5%[15] - Inventory increased from ¥305,553,276.05 to ¥385,820,103.19, an increase of about 26.2%[15] Fixed Assets - The company’s fixed assets decreased from ¥195,603,945.06 to ¥192,956,524.74, a decrease of about 1.3%[15] - The company has a long-term equity investment of ¥3,466,082.32, slightly down from ¥3,502,414.56[15] Audit Status - The company’s first-quarter report was not audited, which may affect the reliability of the financial data presented[24]
宏景科技(301396) - 2024 Q1 - 季度财报