SOYEA(SZ:000909)2025-04-18 16:00Financial 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 Q1 2023[5] - The basic earnings per share for Q1 2024 was -¥0.0305, a decrease of 196.83% compared to ¥0.0315 in Q1 2023[5] - Net profit for the current period is a loss of ¥12,153,787.69, compared to a profit of ¥15,410,966.12 in the previous period, indicating a significant decline[28] Cash Flow - The net cash flow from operating activities decreased by 47.77% to ¥223,424,778.27 from ¥427,780,430.82 in the previous year[14] - Cash flow from operating activities includes cash received from sales of goods and services totaling ¥95,230,426.97, compared to ¥438,633,524.88 in the previous period[30] - Operating cash inflow totaled $705.68 million, a decrease from $748.31 million[31] - Net cash flow from operating activities was $223.42 million, down from $427.78 million[31] - Cash paid for operating activities increased to $482.26 million from $320.53 million[31] 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 current assets decreased from ¥1,302,381,506.02 to ¥1,200,702,974.77, a decline of about 7.8%[24] - The company’s total liabilities decreased from ¥1,894,816,216.90 to ¥1,794,286,253.08, a reduction of approximately 5.3%[26] - Current liabilities decreased from ¥1,751,079,625.81 to ¥1,665,007,502.19, a decline of about 4.9%[26] 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 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 company’s equity attributable to shareholders decreased from ¥1,142,287,001.92 to ¥1,128,453,008.63, a decline of about 1.2%[26] Operating Costs and Expenses - The company experienced a 64.62% reduction in operating costs, which amounted to ¥45,537,494.99 in Q1 2024, down from ¥128,726,995.66 in Q1 2023[12] - Total operating costs for the current period amount to ¥90,656,171.68, down from ¥187,000,235.45, reflecting a reduction of 51.6%[27] - Research and development expenses for the current period are ¥5,511,642.37, down from ¥6,359,114.50, showing a decrease of 13.4%[28] Investment and Other Income - The company reported a significant increase in cash and cash equivalents, with a net increase of 165.31% to ¥147,202,454.53 compared to the previous year[14] - The company’s investment income improved by 55.05%, with a loss of ¥1,987,806.53 compared to a loss of ¥4,421,880.55 in the same period last year[12] - The company’s other income increased by 31.62% to ¥1,047,123.99, attributed to an increase in government subsidies[12] Strategic Initiatives - The company plans to expand its market presence and is actively preparing for the election of new board members[20] - The company has agreed to waive its right of first refusal on a 31.5% stake in a subsidiary, indicating a strategic shift in investment focus[19] Miscellaneous - The company did not undergo an audit for the first quarter report[33] - The company has received all overdue commercial acceptance bill payments during the reporting period[21] - Accounts receivable decreased from ¥197,668,180.60 to ¥121,806,916.36 during the reporting period[24] - Inventory decreased from ¥466,331,771.16 to ¥451,853,282.41, indicating a reduction of approximately 3.1%[24] - Long-term equity investments slightly decreased from ¥541,907,269.79 to ¥539,958,136.70[24] - The company's cash and cash equivalents at the end of the reporting period amount to ¥406,493,180.92, an increase from ¥262,447,972.09 at the beginning of the period[23]