SPEED(300322)2024-04-26 11:35Financial Performance - The company's operating revenue for Q1 2024 was ¥365,400,111.63, representing a 4.38% increase compared to ¥350,080,636.23 in the same period last year[3]. - The net profit attributable to shareholders was -¥8,250,756.60, a 69.30% improvement from -¥26,871,347.64 year-over-year[3]. - The net cash flow from operating activities was ¥32,107,973.10, a significant increase of 155.40% compared to -¥57,960,276.92 in Q1 2023[3]. - The net loss for Q1 2024 was CNY 11,634,483.70, compared to a net loss of CNY 25,231,572.43 in the same period last year, indicating an improvement in financial performance[22]. - The total comprehensive income for Q1 2024 was -11,956,550.55 CNY, compared to -25,316,703.04 CNY in the same period last year, indicating a 52.8% decrease in losses[23]. Assets and Liabilities - The total assets at the end of Q1 2024 were ¥2,772,411,500.66, down 3.85% from ¥2,883,539,924.87 at the end of the previous year[3]. - Current liabilities totaled CNY 1,384,291,163.88, down from CNY 1,506,173,332.29, a decrease of about 8.1%[19]. - The total equity attributable to shareholders decreased to CNY 1,025,484,863.23 from CNY 1,034,057,686.68, a decline of approximately 0.3%[21]. Cash Flow - The cash flow from financing activities showed a net outflow of -¥42,765,344.59, a decrease of 126.75% compared to a net inflow of ¥159,874,252.52 in the previous year[8]. - The net cash flow from investing activities was -22,141,762.55 CNY, slightly improved from -24,730,116.36 CNY in the same quarter last year[26]. - The total cash and cash equivalents at the end of Q1 2024 were 383,380,614.52 CNY, down from 598,590,726.57 CNY at the end of Q1 2023[26]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 57,965[10]. - The largest shareholder, Tibet Shobeyde Holdings Co., Ltd., holds 16.92% of shares, totaling 78,825,104 shares, with 44,500,000 shares pledged[10]. - The top ten shareholders hold a total of 78,825,104 unrestricted shares, with the largest unrestricted shareholder being Tibet Shobeyde Holdings Co., Ltd.[10]. - The company has a total of 22,202,315 restricted shares, with 1,676,250 shares released during the reporting period[14]. - The company’s actual control is held by Zhu Kunhua, who is also a significant shareholder with 2.78% of shares[10]. Operational Efficiency - The weighted average return on equity improved to -0.80% from -2.21% in the same period last year, reflecting better operational efficiency[3]. - The company reported a 34.52% increase in contract liabilities, rising to ¥11,665,459.28 from ¥8,672,234.74, indicating growth in pre-received payments[7]. - The basic earnings per share improved to -¥0.02 from -¥0.06, indicating a reduction in losses per share[3]. Investments and Subsidiaries - The company established a wholly-owned subsidiary, Huizhou Det Investment Co., Ltd., with a registered capital of 1 million RMB in February 2024[15]. - In March 2024, the company transferred 20% equity of Jiangsu Shobeyde Microelectronics Technology Co., Ltd. for 1 RMB, retaining 80% ownership[15]. - The subsidiary Huizhou Shobeyde Automotive Intelligent Technology Co., Ltd. acquired 20% equity of Huizhou Shobeyde Automotive Electronics Co., Ltd. for 549,000 RMB, achieving 100% ownership[16]. Research and Development - The company reported R&D expenses of CNY 35,756,161.12, slightly down from CNY 36,970,873.99, indicating a focus on cost management in innovation[22]. Other Information - The company received government subsidies amounting to ¥209,683.00, contributing to the overall financial performance[4]. - The company did not undergo an audit for the Q1 2024 report[28]. - The company has not disclosed any related party transactions among shareholders holding more than 5% of shares[10]. - The company’s financial report for Q1 2024 is pending further details[17].