CSBM(000158)2024-04-29 10:31Financial Performance - Total operating revenue for Q1 2024 was ¥880,062,408.02, a decrease of 32% compared to ¥1,295,702,855.21 in Q1 2023[8] - Net loss for Q1 2024 was ¥138,583,820.88, compared to a net loss of ¥96,361,043.15 in Q1 2023, representing an increase in loss of approximately 44%[10] - The company reported a total comprehensive loss of ¥138,423,560.19 for Q1 2024, compared to a loss of ¥96,073,641.37 in the same period last year[10] - The net profit attributable to shareholders for Q1 2024 was -¥131,118,498.43, representing a decline of 60.39% from -¥81,748,331.21 in Q1 2023[24] - The basic earnings per share for Q1 2024 was -¥0.0820, compared to -¥0.0511 in Q1 2023[10] - Total profit decreased by 57.50%, as the reduction in operating costs was less than the decline in operating revenue[35] - Net profit decreased by 43.82%, primarily due to a reduction in total profit[35] - The company experienced a 604.58% increase in non-operating expenses, mainly due to increased project penalty payments by subsidiaries[35] Operating Costs and Expenses - Total operating costs for Q1 2024 were ¥1,077,833,148.07, down from ¥1,422,272,731.07 in the same period last year[8] - Research and development expenses for Q1 2024 were ¥64,031,550.74, an increase of 15% from ¥55,528,329.03 in Q1 2023[8] - Development expenditure decreased from ¥121,252,060.45 to ¥102,920,305.30, a reduction of approximately 15.5%[42] Cash Flow and Liquidity - Cash inflow from operating activities was ¥1,857,869,197.34, slightly down from ¥1,913,701,713.21 in the previous year[11] - The net cash flow from operating activities was -¥1,532,701,629.00, which is a 9.31% increase in outflow compared to -¥1,402,130,095.10 in the previous year[24] - The net cash flow from investing activities was -¥28,186,041.31, an improvement from -¥47,771,713.38 in the same period last year[24] - The net cash flow from financing activities was -¥319,240,947.07, contrasting with a positive inflow of ¥226,553,702.32 in Q1 2023[24] - Cash and cash equivalents decreased by 53.68%, mainly due to a decrease in cash flow from financing activities[35] Assets and Liabilities - The company's total assets amounted to ¥15,705,513,275.11, a decrease from ¥17,259,750,622.20 in the previous period[5] - The total assets at the end of Q1 2024 amounted to ¥15,705,513,275.11, down 9.00% from ¥17,259,750,622.20 at the end of the previous year[24] - Current liabilities rose from ¥10,006,682,231.57 to ¥8,610,629,863.57, an increase of approximately 16.3%[42] - Total liabilities increased from ¥11,441,472,970.46 to ¥10,025,659,183.56, showing a growth of around 14.1%[42] - Non-current liabilities slightly increased from ¥1,434,790,738.89 to ¥1,415,029,319.99, a decrease of about 1.4%[42] Shareholder Information - The equity attributable to shareholders of the parent company was ¥5,723,794,343.84, down from ¥5,854,752,581.58[5] - The number of common shareholders at the end of the reporting period was 190,223, with the largest shareholder holding 28.60%[2] - The company's equity capital remained stable at ¥1,598,616,721.00[42] - The company’s capital reserve also remained unchanged at ¥2,666,729,107.20[42] Government Subsidies and Compensation - The company received government subsidies amounting to ¥43,094,310.43, primarily related to relocation assistance[19] - The company confirmed government subsidies totaling ¥280,055,525.17 recognized in 2021, 2022, and 2023, positively impacting financial performance[47] Management and Governance - The company elected Mr. Mi Yong as the chairman, with a term consistent with the eighth board of directors[49]