SOYEA(000909)2024-04-29 11:57Financial Performance - The company's operating revenue for Q1 2024 was ¥89,190,308.20, a decrease of 60.96% compared to ¥228,438,741.90 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥13,833,993.29, representing a decline of 196.90% from a profit of ¥14,277,031.11 in the previous year[5] - The basic earnings per share for Q1 2024 was -¥0.0305, a decrease of 196.83% from ¥0.0315 in the same period last year[5] - The total operating revenue for Q1 2024 was ¥89,190,308.20, a decrease of approximately 61.0% compared to ¥228,438,741.90 in the previous period[28] - The total operating costs for Q1 2024 were ¥90,656,171.68, down from ¥187,000,235.45, indicating a reduction of about 51.5%[28] - The net profit for Q1 2024 was a loss of ¥12,153,787.69, compared to a profit of ¥15,410,966.12 in the same period last year, reflecting a significant decline[30] - The total comprehensive income attributable to the parent company was -13,833,993.29 CNY, compared to 9,093,205.46 CNY in the previous period[31] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 29.00%, amounting to ¥303,724,778.27 compared to ¥427,780,430.82 in Q1 2023[14] - The cash and cash equivalents at the end of Q1 2024 were ¥406,493,180.92, reflecting a 54.89% increase in cash reserves compared to the previous quarter[11] - The cash inflow from operating activities totaled 785,980,538.62 CNY, compared to 748,311,657.20 CNY in the previous period, indicating a slight increase[34] - The cash outflow from financing activities was 608,707,104.81 CNY, compared to 825,305,667.66 CNY in the previous period, showing a decrease of approximately 26%[35] - The net cash flow from financing activities was -162,303,553.12 CNY, an improvement from -385,737,492.03 CNY in the previous period[35] - The cash and cash equivalents at the end of the period were 367,774,443.92 CNY, down from 516,999,182.33 CNY in the previous period[35] Assets and Liabilities - The total assets at the end of Q1 2024 were ¥2,990,849,411.34, down 3.63% from ¥3,103,533,162.85 at the end of the previous year[5] - The total liabilities decreased to ¥1,794,286,253.08 from ¥1,894,816,216.90, showing a decline of about 5.3%[27] - The company's total equity attributable to shareholders decreased by 1.21% to ¥1,128,453,008.63 from ¥1,142,287,001.92 at the end of the previous year[5] - The total equity attributable to shareholders decreased to ¥1,128,453,008.63 from ¥1,142,287,001.92, a decline of about 1.2%[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 29,068[17] - The largest shareholder, Xihu Electronics Group Co., Ltd., holds 29.49% of shares, totaling 133,820,941 shares[17] - The second-largest shareholder, Hangzhou Information Technology Co., Ltd., holds 9.67% of shares, totaling 43,904,536 shares[17] - The company has not disclosed any changes in the relationships among the top ten shareholders[18] Corporate Governance and Compliance - The company held a board meeting on January 3, 2024, to approve the waiver of the right of first refusal for a 31.5% stake in a subsidiary[20] - The company is preparing for the election of a new board of directors and supervisory board, which has been postponed[21] - The company received a warning letter from the China Securities Regulatory Commission on January 18, 2024[21] Other Financial Metrics - The company reported a significant increase in other income, which rose by 386.62% to ¥252,431.61 due to increased contract breach penalties[13] - The company experienced a 68.23% reduction in income tax expenses, which amounted to ¥5,408,023.58 compared to ¥17,023,837.54 in Q1 2023[13] - Research and development expenses for Q1 2024 were ¥5,511,642.37, down from ¥6,359,114.50, indicating a reduction of about 13.4%[30] - The company reported a significant increase in other receivables, totaling ¥90,725,627.85 compared to ¥268,982,299.37 in the previous period, a decrease of approximately 66.3%[25] - The cash outflow for purchasing fixed assets and intangible assets was 10,831,541.48 CNY, compared to 4,699,982.08 CNY in the previous period, indicating an increase of approximately 130%[34] - The company did not report any new product or technology developments during this quarter[36]