BOOMY(SH:688290)2024-04-22 10:22Financial Performance - The company's operating revenue for Q1 2024 was ¥23,259,702.77, representing a decrease of 55.26% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥11,174,381.18, a decline of 292.05% year-over-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥14,253,856.23, reflecting a decrease of 396.64%[5]. - Total revenue for Q1 2024 was CNY 23,259,702.77, a decrease of 55.32% compared to CNY 51,986,198.23 in Q1 2023[20]. - Net profit for Q1 2024 was a loss of CNY 11,655,832.27, compared to a profit of CNY 5,818,441.56 in Q1 2023[21]. - Operating profit for Q1 2024 was a loss of CNY 12,126,160.96, compared to a profit of CNY 5,189,059.34 in Q1 2023[21]. - The total comprehensive income attributable to the parent company for Q1 2024 was -11,174,381.18 CNY, compared to 5,818,441.56 CNY in Q1 2023[22]. - Basic and diluted earnings per share for Q1 2024 were both -0.10 CNY, down from 0.07 CNY in Q1 2023[22]. Cash Flow - The net cash flow from operating activities was -¥31,753,949.04, an increase of 48.86% compared to the previous year[5]. - Cash inflows from operating activities totaled 48,127,406.00 CNY in Q1 2024, an increase from 39,704,924.31 CNY in Q1 2023[22]. - Cash outflows from operating activities were 79,881,355.04 CNY in Q1 2024, down from 101,793,160.70 CNY in Q1 2023[22]. - The net cash flow from operating activities improved to -31,753,949.04 CNY in Q1 2024, compared to -62,088,236.39 CNY in Q1 2023[22]. - Cash inflows from investing activities were 233,288,632.78 CNY in Q1 2024, down from 381,159,549.40 CNY in Q1 2023[23]. - The net cash flow from investing activities increased to 115,340,443.55 CNY in Q1 2024, compared to 67,324,789.87 CNY in Q1 2023[23]. - Cash inflows from financing activities were 15,144,068.00 CNY in Q1 2024, with cash outflows totaling 20,000,094.02 CNY[23]. - The net increase in cash and cash equivalents for Q1 2024 was 78,730,468.49 CNY, compared to 3,787,093.94 CNY in Q1 2023[23]. - The ending balance of cash and cash equivalents for Q1 2024 was 289,967,601.65 CNY, up from 176,552,998.66 CNY in Q1 2023[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,489,631,767.64, down 5.21% from the end of the previous year[6]. - The company's current assets totaled RMB 1,017,112,352.99, down from RMB 1,097,542,202.81, indicating a decrease of about 7.3%[17]. - The company's accounts receivable stood at RMB 188,719,870.26, slightly down from RMB 192,180,304.40, showing a decrease of about 1.9%[17]. - Inventory increased to RMB 102,072,666.71 from RMB 97,102,228.63, marking an increase of approximately 5.9%[17]. - The total non-current assets were RMB 472,519,414.65, a slight decrease from RMB 474,045,546.65, reflecting a decline of about 0.3%[17]. - The company's total liabilities decreased to CNY 257,845,974.50 in Q1 2024 from CNY 309,482,671.77 in Q1 2023[19]. - Shareholders' equity attributable to the parent company decreased to CNY 1,229,901,520.91 in Q1 2024 from CNY 1,259,739,354.37 in Q1 2023[19]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 3,479[10]. - The largest shareholder, Hangzhou Xingzhiyuan Holdings Co., Ltd., held 28,661,917 shares, representing 28.05% of the total shares[10]. - The top shareholder, Hangzhou Yimi Investment Partnership, held 8,866,952 shares, representing 8.68% of the total shares[12]. - The company reported a total of 1,058,585 shares held by the Dachen Leading Mixed Securities Investment Fund as of the latest report[11]. - The company has not reported any significant changes in its major shareholders due to the transfer of shares in the current reporting period[14]. Research and Development - Research and development expenses totaled ¥8,712,192.92, accounting for 37.46% of operating revenue, an increase of 17.43 percentage points[6]. - Research and development expenses for Q1 2024 were CNY 8,712,192.92, down from CNY 10,413,902.73 in Q1 2023[20]. Government Support - The company received government subsidies amounting to ¥930,000.00 during the reporting period[7]. Strategic Focus - There were no new strategies or product developments mentioned in the conference call, focusing primarily on financial performance and shareholder structure[15]. - The company plans to focus on market expansion and new product development in the upcoming quarters[20].