SCREEN(SH:688053)2025-04-25 17:10Financial Performance - The company's operating revenue for Q1 2024 was ¥28,670,179.99, representing a decrease of 55.01% compared to the same period last year[5] - The net profit attributable to shareholders was ¥4,571,726.52, down 80.47% year-over-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥3,357,116.13, a decline of 85.60% compared to the previous year[6] - The basic and diluted earnings per share were both ¥0.05, reflecting a decrease of 78.26% year-over-year[6] - Total operating revenue for Q1 2024 was CNY 28,670,179.99, a decrease from CNY 63,719,430.62 in Q1 2023[20] - Operating profit for Q1 2024 was CNY 3,916,860.27, significantly lower than CNY 27,030,104.19 in Q1 2023[21] - Net profit for Q1 2024 was CNY 3,276,392.33, down from CNY 23,413,414.12 in Q1 2023[22] - Earnings per share for Q1 2024 was CNY 0.05, compared to CNY 0.23 in Q1 2023[22] Cash Flow and Liquidity - The net cash flow from operating activities increased significantly by 473.04%, amounting to ¥23,596,244.96[6] - Cash flow from operating activities in Q1 2024 was CNY 61,367,397.49, an increase from CNY 56,850,954.45 in Q1 2023[24] - Net cash flow from operating activities was $23,596,244.96, a significant increase from $4,117,741.59 in the previous period, reflecting improved operational efficiency[25] - The ending cash and cash equivalents balance decreased to $238,364,031.05 from $608,619,985.53, indicating a significant reduction in liquidity[26] - Total cash inflow from operating activities was $63,642,173.32, compared to $57,506,250.09 in the previous period, showing a positive trend in revenue generation[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,831,658,112.64, a slight decrease of 0.49% from the end of the previous year[6] - Total current assets decreased from ¥1,337,667,877.21 to ¥1,264,969,335.70, reflecting a decline of about 5.4%[16] - Non-current assets include fixed assets valued at ¥275,072,084.42, down from ¥280,481,531.20, indicating a decrease of approximately 1.5%[16] - Total liabilities were CNY 110,114,812.91, compared to CNY 114,479,442.61 previously[18] - Total equity decreased to CNY 1,721,543,299.73 from CNY 1,726,273,421.26[18] Research and Development - Research and development expenses totaled ¥5,872,639.91, accounting for 20.48% of operating revenue, an increase of 11.34% from the previous year[6] - Research and development expenses for Q1 2024 were CNY 5,872,639.91, slightly up from CNY 5,826,002.54 in Q1 2023[21] Operational Challenges - The decline in revenue and net profit was primarily due to a temporary impact from the downstream military industry, with delayed military orders leading to a decrease in testing order volume[9] - The company made significant investments in equipment and facility leasing to expand testing capabilities, resulting in increased depreciation costs[9] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,613[11] - There are no changes in the shareholding structure of the top 10 shareholders due to the transfer of shares in the margin trading business[13] Management and Governance - The company’s chairman, Zhang Ya, is temporarily unable to perform his duties due to being placed under detention, with responsibilities delegated to General Manager Ma Weidong[14] - The company has not disclosed any significant new product developments or market expansion strategies during this reporting period[14] Investment Activities - Total cash inflow from investment activities was $13,900.81, compared to $462,149,334.10 in the prior period, indicating a substantial decrease in investment returns[25] - Cash outflow for capital expenditures was $82,333,578.89, up from $19,228,939.62, highlighting increased investment in fixed assets[25] - The company reported a net cash flow from investment activities of -$82,319,678.08, a decline from $442,920,394.48, suggesting reduced investment activity[25] Tax and Expenses - Cash outflow for employee compensation was $20,900,026.18, down from $28,996,167.96, reflecting cost control measures[25] - Tax payments decreased to $2,231,454.51 from $5,718,700.12, indicating potential tax efficiency improvements[25] Future Outlook - The company plans to implement new accounting standards starting in 2024, which may impact future financial reporting[26]