Financial Performance - The company's operating revenue for Q1 2024 was ¥85,132,414.84, representing a slight increase of 0.29% compared to the same period last year[3]. - The net profit attributable to shareholders was a loss of ¥19,296,959.00, a decrease of 447.79% year-over-year[3]. - The net cash flow from operating activities was -¥85,948,049.57, an improvement of 11.53% compared to the previous year[3]. - Total operating revenue for Q1 2024 was CNY 85,132,414.84, a slight increase of 0.29% compared to CNY 84,883,093.52 in Q1 2023[24]. - The net profit for Q1 2024 was a loss of CNY 18,280,354.44, compared to a profit of CNY 5,594,895.86 in the same period last year[25]. - Basic and diluted earnings per share for Q1 2024 were both CNY -0.28, compared to CNY 0.16 in Q1 2023[26]. Assets and Liabilities - The total assets decreased by 6.32% to ¥1,588,736,665.45 compared to the end of the previous year[4]. - The total assets decreased from CNY 1,695,875,294.60 to CNY 1,588,736,665.45, a decline of approximately 6.3%[20]. - Cash and cash equivalents decreased from CNY 760,288,660.76 to CNY 726,483,504.00, a reduction of about 4.4%[20]. - The accounts receivable increased from CNY 117,463,733.38 to CNY 123,950,395.17, an increase of approximately 5.2%[21]. - The total current liabilities decreased from CNY 3,002,933.34 to CNY 44,281,508.14, a decrease of about 53.5%[21]. - The company reported a total of CNY 1,279,731,348.27 in current assets, down from CNY 1,396,617,146.74, a decrease of approximately 8.4%[21]. - The company’s long-term equity investments decreased from CNY 10,014,055.75 to CNY 9,687,754.61, a decline of about 3.3%[21]. - The company’s total liabilities decreased from CNY 1,695,875,294.60 to CNY 1,588,736,665.45, a decrease of about 6.3%[20]. - The total liabilities decreased to CNY 148,458,939.79 from CNY 240,045,188.64, indicating a reduction of 38.2% year-over-year[25]. Cash Flow - Cash inflow from operating activities totaled CNY 55,899,175.16, an increase from CNY 54,567,705.25 in the previous year[27]. - The net cash flow from operating activities was -85,948,049.57, compared to -97,143,890.22 in the previous year, indicating an improvement of approximately 13%[28]. - Cash inflow from investment activities totaled 674,953,956.59, up from 456,275,665.55, representing a year-over-year increase of about 48%[28]. - The net cash flow from investment activities was -44,841,282.86, a significant decrease from 145,518,039.55 in the previous year, indicating a shift in investment strategy[28]. - Cash inflow from financing activities was 39,631.20, a sharp decline from 1,009,385,377.37, reflecting reduced capital raising efforts[28]. - The net cash flow from financing activities was -439,817.00, compared to a positive 981,568,399.53 in the previous year, highlighting a change in financial strategy[28]. - The total cash and cash equivalents at the end of the period were 308,993,808.14, down from 1,126,260,541.15, indicating a liquidity contraction[28]. Operating Costs and Expenses - The company reported a 43.06% increase in operating costs compared to the same period last year, mainly due to rising personnel costs and increased procurement costs[9]. - Total operating costs surged to CNY 112,397,017.15, up 31.0% from CNY 85,753,945.93 in the previous year[24]. - Research and development expenses increased to CNY 34,487,655.49, representing a rise of 20.5% from CNY 28,579,149.45 in Q1 2023[25]. - The company reported a significant increase in sales expenses, which rose to CNY 11,174,306.92, up 12.0% from CNY 9,985,206.36 in Q1 2023[25]. - The company paid 107,810,456.40 in employee-related cash outflows, an increase from 97,222,432.94, reflecting higher personnel costs[28]. - The cash paid for taxes was 6,683,857.30, down from 14,373,297.95, indicating a potential reduction in taxable income[28]. - The cash paid for other operating activities was 11,096,334.62, down from 20,722,020.58, suggesting improved operational efficiency[28]. Strategic Initiatives - The company plans to continue focusing on new product development and market expansion strategies in the upcoming quarters[3]. - The company established a wholly-owned subsidiary in Hong Kong to expand its overseas business in February 2024[18]. Audit and Compliance - The company did not undergo an audit for the first quarter report, which may affect stakeholder confidence in the reported figures[30].
通达海(301378) - 2024 Q1 - 季度财报