飞利信(300287) - 2024 Q1 - 季度财报

Financial Performance - The company's total revenue for Q1 2024 was ¥158,594,681.65, a decrease of 48.34% compared to ¥306,972,519.74 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥27,135,996.09, representing a decline of 588.67% from a profit of ¥5,553,026.14 in the previous year[5] - The net cash flow from operating activities was negative at ¥63,051,249.90, worsening by 125.23% compared to a negative cash flow of ¥27,993,768.13 in the same period last year[5] - The basic and diluted earnings per share were both -¥0.0189, a decrease of 584.62% from ¥0.0039 in the previous year[5] - Total operating revenue for Q1 2024 was ¥158.59 million, a decrease of 48.3% compared to ¥306.97 million in Q1 2023[17] - Net profit for Q1 2024 was a loss of ¥27.32 million, compared to a profit of ¥5.02 million in Q1 2023[18] - The total comprehensive income for the first quarter of 2024 was -27,317,017.67 CNY, compared to 5,029,047.87 CNY in the same period last year[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,625,255,425.96, down 2.06% from ¥2,680,484,046.02 at the end of the previous year[5] - Total assets decreased from ¥2.68 billion to ¥2.63 billion, reflecting a decline of 2.1%[15] - Total liabilities decreased from ¥1.30 billion to ¥1.28 billion, a reduction of 2.1%[15] - The company's cash and cash equivalents decreased from CNY 115,098,436.30 at the beginning of the period to CNY 48,850,857.54 at the end of the period, representing a decline of approximately 57.5%[13] - Cash and cash equivalents at the end of the period were 34,124,873.44 CNY, down from 45,415,253.78 CNY at the end of the previous year[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 89,143[9] - The largest shareholder, Yang Zhenhua, holds 5.79% of the shares, with 83,071,009 shares, of which 62,303,257 shares are frozen[9] - The company reported a total of 143,078,948 shares with 10,689,300 shares released from restrictions during the period, resulting in a remaining restricted share count of 132,395,648[11] - The company’s major shareholder, Yang Zhenhua, had 62,303,257 shares locked up, reduced from 65,139,757 shares after 2,836,500 shares were released[10] - The company’s major shareholder, Yang Zhenhua, had some of his shares frozen, which may impact shareholder confidence[12] Operational Challenges - The company attributed the revenue decline to reduced government fiscal spending, delays or cancellations in project bidding, and slower progress in project signing and revenue recognition[7] - The company is involved in a significant asset restructuring, with commitments related to share lock-up agreements[11] - The company’s accounts receivable showed a significant amount, indicating ongoing business operations and potential cash flow challenges[13] - The company’s financial position reflects a need for improved liquidity management given the substantial decrease in cash reserves[13] Governance and Compliance - The company received a warning letter regarding certain personnel, indicating potential governance issues[12] - The company is actively managing its shareholder structure and compliance with regulatory requirements, as evidenced by the announcements regarding share restrictions and governance[12] - The company did not undergo an audit for the first quarter report[23] - The company began implementing new accounting standards starting in 2024[23] Cash Flow and Expenses - Cash inflows from operating activities totaled 237,983,855.19 CNY, a decrease of 37% from 377,594,637.98 CNY in the prior year[22] - Cash outflows from operating activities amounted to 301,035,105.09 CNY, down from 405,588,406.11 CNY in the same period last year[22] - Research and development expenses for Q1 2024 were ¥17.44 million, down 18.5% from ¥21.43 million in Q1 2023[18] - The company reported a significant increase in credit impairment losses, amounting to ¥6.68 million in Q1 2024 compared to a gain of ¥0.76 million in Q1 2023[18]