Sansec(SH:688489)2024-04-19 10:14Financial Performance - The company's operating revenue for Q1 2024 was ¥49,382,475.44, representing a year-on-year increase of 36.35%[5] - The net profit attributable to shareholders was -¥9,966,079.70, a decrease of 163.42% compared to the same period last year[5] - The basic earnings per share (EPS) was -¥0.0878, reflecting a decline of 164.46% compared to the previous year[5] - Net profit for Q1 2024 was a loss of ¥11,012,489.91, compared to a loss of ¥3,783,403.23 in Q1 2023, reflecting a deterioration in profitability[19] - Basic earnings per share for Q1 2024 were -¥0.0878, compared to -¥0.0332 in Q1 2023, indicating a decline in earnings performance[20] Research and Development - Research and development (R&D) expenses totaled ¥26,517,064.53, an increase of 39.92% year-on-year, accounting for 53.70% of operating revenue[6] - Research and development expenses increased to ¥26,517,064.53 in Q1 2024, up 39.9% from ¥18,951,849.19 in Q1 2023[18] Cash Flow - The net cash flow from operating activities was -¥76,676,815.40, a decrease of 124.95% year-on-year[5] - Cash flow from operating activities showed a net outflow of ¥76,676,815.40 in Q1 2024, worsening from a net outflow of ¥34,085,783.74 in Q1 2023[22] - Cash flow from investment activities generated a net inflow of ¥253,663,979.81 in Q1 2024, compared to a net outflow of ¥34,345,842.24 in Q1 2023[22] - The company reported cash and cash equivalents increased by ¥110,798,304.12 in Q1 2024, contrasting with a decrease of ¥72,424,655.32 in Q1 2023[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,955,409,281.79, down 5.96% from the end of the previous year[6] - As of March 31, 2024, the company's total assets amounted to RMB 1,955,409,281.79, a decrease from RMB 2,079,328,654.54 as of December 31, 2023, reflecting a decline of approximately 5.95%[14][16] - The company's total equity decreased from RMB 1,919,924,570.90 to RMB 1,856,277,511.32, a decline of approximately 3.29%[16] - The company's cash and cash equivalents increased to RMB 1,063,372,721.93 from RMB 955,185,831.24, representing an increase of about 11.34%[14] - Accounts receivable rose slightly to RMB 342,321,334.43 from RMB 336,854,025.15, indicating a growth of approximately 1.38%[14] - The total current liabilities decreased significantly from RMB 113,295,787.58 to RMB 51,356,517.90, a reduction of about 54.6%[16] - The company's inventory increased to RMB 56,863,880.02 from RMB 47,962,606.96, marking an increase of about 18.93%[14] - Non-current assets totaled RMB 387,954,722.67, up from RMB 376,770,354.09, reflecting an increase of approximately 2.93%[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 5,959[10] - The top shareholder, Zhang Yuegong, holds 20.72% of the shares, totaling 23,692,852 shares[10] Expenses - Total operating costs rose to ¥72,863,894.16 in Q1 2024, up 48.4% from ¥49,082,250.23 in Q1 2023[18] - Sales expenses surged to ¥26,385,459.79 in Q1 2024, up 60.5% from ¥16,436,025.25 in Q1 2023[18] - The company recorded a tax expense of ¥6,653,835.95 in Q1 2024, compared to ¥4,197,498.44 in Q1 2023, reflecting increased tax liabilities[19] Accounting Standards - The company has adopted new accounting standards starting in 2024, which may affect the financial statements[23]