OXGF(SZ:300082)2024-04-22 13:17Financial Performance - The company's revenue for Q1 2024 was ¥757,055,403.69, a decrease of 19.24% compared to ¥937,379,889.10 in the same period last year[5] - The net loss attributable to shareholders was ¥78,384,228.37, representing a 30.00% increase from a loss of ¥60,293,953.02 in the previous year[5] - Basic and diluted earnings per share were both -¥0.12, a decrease of 33.33% from -¥0.09 in the previous year[5] - The net loss for Q1 2024 was CNY 78,113,450.97, compared to a net loss of CNY 56,406,385.03 in Q1 2023, representing a 38.5% increase in losses[24] - Basic and diluted earnings per share for Q1 2024 were both CNY -0.12, compared to CNY -0.09 in Q1 2023[24] Cash Flow - The net cash flow from operating activities was -¥302,422,508.34, a significant decline of 391.18% compared to -¥61,570,119.46 in the same period last year[5] - Cash inflow from operating activities totaled 863,464,044.57, down from 1,003,309,319.61 in the prior period, representing a decline of approximately 13.9%[25] - Cash outflow from operating activities increased to 1,165,886,552.91 from 1,064,879,439.07, marking an increase of about 9.5%[25] - The net cash flow from investing activities was 67,087,135.43, down from 121,337,088.58, indicating a decrease of approximately 44.7%[26] - Cash inflow from financing activities was 623,250,000.00, an increase from 533,200,000.00, reflecting a growth of about 16.9%[26] - The net cash flow from financing activities improved to 96,082,325.62 from -13,663,382.70, showing a significant turnaround[26] - The ending balance of cash and cash equivalents decreased to 278,804,478.75 from 342,797,278.21, a decline of approximately 18.7%[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,371,043,765.26, down 2.63% from ¥5,516,259,023.53 at the end of the previous year[5] - The total liabilities decreased to CNY 2,278,634,467.14 from CNY 2,340,197,662.90, a reduction of 2.6%[20] - The equity attributable to the parent company decreased to CNY 2,864,039,560.78 from CNY 2,939,554,786.52, a decline of 2.6%[20] Inventory and Receivables - The company reported a 65.21% increase in inventory, amounting to an increase of ¥171,308,900.00, driven by increased market demand[8] - Accounts receivable increased to ¥416,375,651.67 from ¥345,282,024.58, reflecting a growth of about 20.6%[18] - Inventory rose significantly to ¥434,019,637.01 from ¥262,710,696.81, marking an increase of approximately 65.1%[18] Expenses - Management expenses increased by ¥25,392,700.00, primarily due to increased management costs during the maintenance period of Jiangsu Aok[9] - Research and development expenses for Q1 2024 were CNY 10,931,775.18, down 17.9% from CNY 13,322,890.81 in the previous year[21] - The company reported a significant increase in management expenses, which rose to CNY 55,386,439.74 from CNY 29,993,718.63, an increase of 84.6%[21] Government Support and Other Income - The company received government subsidies amounting to ¥2,956,601.09, which were closely related to its normal business operations[6] - The company received tax refunds amounting to 34,438,072.39, an increase from 13,992,857.92, indicating a growth of approximately 146.5%[25] Shareholder Information - The total number of shares held by the top 10 shareholders is 52.89% by Oke Holdings Group, with 359,698,573 shares pledged at 47,620,000 shares[13] Other Observations - The company has no new product or technology developments mentioned in the report[16] - There are no significant market expansion or acquisition strategies outlined in the report[16]