Financial Performance - The company's operating revenue for Q1 2024 was ¥88,658,767.69, representing a decrease of 41.62% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of ¥2,284,185.88, a decline of 106.43% year-on-year[5] - The basic earnings per share decreased to -0.02, reflecting a drop of 104.26% compared to the previous year[6] - The weighted average return on net assets decreased by 6.69 percentage points to -0.18%[6] - Total revenue for Q1 2024 was ¥88,658,767.69, a decrease of 41.7% compared to ¥151,854,823.32 in Q1 2023[21] - Net loss for Q1 2024 was ¥4,714,362.53, compared to a net profit of ¥33,909,008.56 in Q1 2023, representing a significant decline[22] - Operating profit for Q1 2024 was -¥5,187,026.47, a decrease from an operating profit of ¥37,085,661.17 in Q1 2023[22] - Basic earnings per share for Q1 2024 was -¥0.02, compared to ¥0.47 in Q1 2023[23] Assets and Liabilities - Total assets increased by 74.47% to ¥1,819,521,621.18 compared to the end of the previous year[6] - Current assets totaled ¥1,688,581,141.33, up from ¥909,760,432.68, indicating an increase of about 85.5%[17] - Total current liabilities decreased to ¥240,152,048.82 from ¥322,331,764.65, reflecting a reduction of about 25.6%[18] - Total liabilities decreased to ¥243,309,414.11 in Q1 2024 from ¥326,714,949.68 in Q1 2023[21] - Non-current assets totaled ¥130,940,479.85, slightly down from ¥133,104,994.18, indicating a decrease of about 1.6%[18] Cash Flow - The net cash flow from operating activities was negative at -¥31,192,537.32, indicating a significant cash outflow during the quarter[5] - Cash flow from operating activities in Q1 2024 was ¥75,005,894.14, down 55.4% from ¥168,026,797.34 in Q1 2023[25] - The net cash flow from operating activities for Q1 2024 was -31,192,537.32, an improvement from -65,209,731.09 in the previous period[26] - The cash flow from investing activities was -535,374,586.42, significantly higher than -38,303,912.54 in the prior period, indicating increased investment outflows[26] - The cash flow from financing activities showed a positive net flow of 871,131,909.93, compared to a negative flow of -1,319,009.15 previously, reflecting strong capital inflow[26] - The net increase in cash and cash equivalents for Q1 2024 was 304,564,786.19, a recovery from a decrease of -104,832,652.78 in the prior period[27] - The ending balance of cash and cash equivalents reached 367,226,522.12, up from 74,609,526.87 at the end of the previous period[27] Research and Development - Research and development expenses increased by 34.17% due to heightened investment in R&D[11] - Research and development expenses increased to ¥21,884,625.74 in Q1 2024, up 34.3% from ¥16,311,627.25 in Q1 2023[22] Market and Competition - The decline in revenue was primarily due to a drop in industrial detonator production in key markets, which fell over 20% year-on-year[6] - The company faced increased competition, leading to a reduction in product prices and a corresponding decrease in gross margin by 6.98 percentage points year-on-year[6] Financial Management - The company has not reported any significant changes in shareholder relationships or financing activities during the reporting period[15] - There are no new strategies or product developments mentioned in the current report[15] - The company did not apply new accounting standards for the current reporting period, maintaining consistency in financial reporting[27] - The company’s financial management strategies appear effective, as evidenced by the significant increase in cash reserves despite high investment outflows[27]
盛景微(603375) - 2024 Q1 - 季度财报