CHSR(000008)2024-04-29 10:41Financial Performance - The company's operating revenue for Q1 2024 was ¥180,319,566.65, a decrease of 58.20% compared to ¥431,343,230.64 in the same period last year[5] - The net profit attributable to shareholders was -¥48,618,413.77, representing a decline of 47.56% from -¥32,949,016.59 year-on-year[5] - The net loss for Q1 2024 was CNY 53.64 million, compared to a net loss of CNY 30.76 million in Q1 2023, representing a 74.3% increase in losses[20] - Total operating costs for Q1 2024 were CNY 287.82 million, down 41.8% from CNY 493.81 million year-on-year[19] - The company's total assets as of the end of Q1 2024 were CNY 10.66 billion, slightly up from CNY 10.65 billion at the end of the previous quarter[19] - The total equity attributable to shareholders of the parent company decreased to CNY 3.51 billion from CNY 3.55 billion, a decline of 1.5%[19] Cash Flow - The net cash flow from operating activities was -¥136,668,907.17, a 31.00% increase in losses compared to -¥104,324,929.23 in the previous year[5] - The total cash inflow from operating activities for Q1 2024 was ¥505,760,888.21, a decrease of 10.14% compared to ¥562,904,484.08 in Q1 2023[22] - The total cash outflow from operating activities was ¥642,429,795.38, a decrease from ¥667,229,413.31 in Q1 2023[22] - Cash inflow from investment activities totaled ¥31,319,519.34, significantly up from ¥1,895,112.70 in Q1 2023[22] - The net cash flow from investment activities was ¥22,319,362.21, a recovery from a net outflow of ¥72,572,055.33 in the previous year[22] - Cash inflow from financing activities was ¥1,567,565,511.45, down from ¥1,703,553,800.48 in Q1 2023[23] - The net cash flow from financing activities decreased to ¥151,523,019.66 from ¥321,999,180.79 year-over-year[23] - The cash and cash equivalents at the end of Q1 2024 were ¥386,442,653.45, down from ¥646,446,508.83 at the end of Q1 2023[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥10,663,440,433.28, a slight increase of 0.07% from ¥10,655,455,517.04 at the end of the previous year[5] - Total liabilities increased to CNY 7.06 billion in Q1 2024 from CNY 7.00 billion in the previous quarter, marking a 0.8% rise[19] - The company's cash and cash equivalents increased to ¥525,357,078.94 from ¥447,877,955.93, representing an increase of approximately 19.4%[17] Shareholder Information - Total number of common shareholders at the end of the reporting period is 108,103[12] - The largest shareholder, China National Investment High-tech Industry Investment Co., Ltd., holds 26.23% of shares, totaling 712,418,457 shares[12] Operational Efficiency - The company completed the integration of subsidiaries, enhancing operational efficiency and focusing on core business areas[14] - The company is actively optimizing its business segments and promoting steady development of related operations[14] - The company aims to enhance management levels and increase business development efforts to achieve established operational goals[14] Other Financial Metrics - The company recorded a 137.49% increase in credit impairment losses, amounting to ¥15,428,824.72, due to changes in the aging structure of receivables[9] - The company received government subsidies totaling ¥1,533,015.38, which are closely related to its normal business operations[7] - The cash received from the disposal of fixed assets and other long-term assets was ¥28,783,125.14, a dramatic increase of 1,209,275.01% compared to the previous year[9] - Research and development expenses for Q1 2024 were CNY 37.91 million, a slight increase from CNY 35.77 million in the same period last year[19] - The company reported a decrease in sales expenses to CNY 31.90 million from CNY 57.52 million year-on-year, reflecting cost-cutting measures[19] - The company has successfully won a lawsuit regarding share repurchase, which is currently in the enforcement stage[15] Earnings Per Share - The company’s basic earnings per share for Q1 2024 was -¥0.0179, a decrease of 47.93% from -¥0.0121 in the same period last year[5] - Basic and diluted earnings per share for Q1 2024 were both CNY -0.0179, compared to CNY -0.0121 in the same period last year[20]