CDT(300344)2024-04-27 01:56Financial Performance - The company's revenue for Q1 2024 was ¥30,821,719.58, a decrease of 31.35% compared to ¥44,894,309.21 in the same period last year[5] - The net loss attributable to shareholders was ¥15,663,230.22, which is a 19.89% increase from a loss of ¥13,064,471.97 in the previous year[5] - The company's net profit for Q1 2024 was -15,664,812.54 CNY, compared to -13,097,346.05 CNY in Q1 2023, indicating a decline in profitability[17] - The company reported a total comprehensive income of -15,479,164.71 CNY for Q1 2024, compared to -14,500,454.51 CNY in Q1 2023[18] - Basic and diluted earnings per share for Q1 2024 were both -0.0244 CNY, compared to -0.0204 CNY in Q1 2023[18] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to ¥3,851,005.81, a 167.16% increase from a negative cash flow of ¥5,734,078.53 in the same period last year[5] - The cash and cash equivalents at the end of Q1 2024 amounted to CNY 24,413,780.37, an increase of 12.0% from CNY 21,765,635.88 at the beginning of the quarter[13] - The cash and cash equivalents at the end of Q1 2024 were 22,459,502.23 CNY, an increase from 20,478,632.93 CNY at the end of Q1 2023[22] Assets and Liabilities - Total assets decreased by 6.63% to ¥489,899,180.21 from ¥524,661,870.82 at the end of the previous year[5] - Accounts receivable decreased to CNY 154,179,075.02 from CNY 165,432,921.00, reflecting a reduction of 6.3%[14] - Inventory increased to CNY 73,483,778.42, up 4.0% from CNY 70,616,412.48[14] - Total liabilities decreased to CNY 126,086,303.05 from CNY 146,143,415.77, a reduction of 13.8%[15] - The equity attributable to shareholders decreased to CNY 363,814,102.85 from CNY 378,518,098.42, a decline of 3.9%[15] Operating Costs and Expenses - The total operating costs for Q1 2024 were CNY 45,135,752.62, down 25.1% from CNY 60,265,684.33 in the previous year[16] - The total operating costs for Q1 2024 were 27,325,784.97 CNY, down from 39,413,274.79 CNY in Q1 2023, reflecting a reduction in expenses[17] - Research and development expenses decreased to 1,007,473.19 CNY in Q1 2024 from 2,534,912.73 CNY in Q1 2023, showing a 60.3% reduction[17] - Financial expenses increased by 159.88% to ¥598,551.89 due to exchange rate fluctuations[8] - The company incurred financial expenses of 598,551.89 CNY in Q1 2024, compared to -999,629.84 CNY in Q1 2023, indicating a shift in financial management[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 29,059[10] - The largest shareholder, Hefei Lingcen Technology Consulting Partnership, holds 23.19% of the shares, amounting to 148,834,450 shares[10] Government Support - The company reported a total of ¥104,640.00 in government subsidies related to normal business operations[6] Future Outlook - The company plans to continue focusing on cost reduction and improving cash flow management in the upcoming quarters[22] - The company has not disclosed any new product developments or market expansion strategies in this report[12]