SACA(SZ:300464)2024-04-22 13:13Revenue and Profit - The company's revenue for Q1 2024 was CNY 366,414,359.02, a decrease of 21.49% compared to CNY 466,738,622.25 in the same period last year[5] - Net profit attributable to shareholders was CNY 4,649,027.16, down 4.32% from CNY 4,859,127.28 year-on-year[5] - The net profit after deducting non-recurring gains and losses was CNY 1,111,760.84, a significant decline of 56.72% compared to CNY 2,568,622.01 in the previous year[5] - Total operating revenue for Q1 2024 was CNY 366.41 million, a decrease of 21.5% compared to CNY 466.74 million in Q1 2023[19] - Net profit for Q1 2024 was CNY 5.06 million, a decrease of 9.3% from CNY 5.58 million in Q1 2023[20] - Basic earnings per share decreased by 18.85% to CNY 0.0099 from CNY 0.0122 in the previous year[5] - Basic earnings per share for Q1 2024 were CNY 0.0099, down from CNY 0.0122 in Q1 2023[22] Cash Flow and Financial Activities - The net cash flow from operating activities increased to CNY 9,479,112.39, a 129.45% improvement from a negative CNY 32,187,136.61 in the same period last year[5] - Cash flow from operating activities was CNY 349.26 million, slightly down from CNY 360.19 million in Q1 2023[24] - The company’s cash flow from operating activities included CNY 3.82 million received from tax refunds, down from CNY 24.98 million in Q1 2023[24] - Total cash inflow from investment activities was ¥20,432,833.69, up from ¥15,976,861.89 in the same period last year[25] - The net cash flow from investment activities was ¥7,307,278.76, recovering from a net outflow of ¥8,327,342.51 in Q1 2023[25] - Cash inflow from financing activities totaled ¥145,898,323.44, compared to ¥67,369,138.36 in Q1 2023, indicating a strong increase[25] - The net cash flow from financing activities was -¥29,941,368.04, slightly worse than the net outflow of -¥26,448,938.74 in the previous year[25] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,011,106,439.89, reflecting a 1.24% increase from CNY 1,986,437,140.49 at the end of the previous year[5] - Current assets totaled CNY 1,003,614,287.87, up from CNY 962,000,606.04 at the start of the quarter, reflecting a growth of approximately 4.3%[15] - The total liabilities increased to CNY 1,200,000,000, with a notable rise in accounts payable to CNY 389,534,276.19 from CNY 404,013,941.00[15] - The company reported a total liability of CNY 1.42 billion, an increase from CNY 1.40 billion year-over-year[17] - The total equity of the company as of March 31, 2024, was CNY 811,106,439.89, reflecting a stable financial position despite fluctuations in assets and liabilities[15] Inventory and Receivables - The company's inventory decreased to CNY 247,934,691.29 from CNY 260,649,814.85, a decline of approximately 4.9%[14] - Accounts receivable rose to CNY 307,141,156.89 from CNY 271,006,662.07, indicating an increase of approximately 13.4%[14] Other Financial Metrics - The company recorded a debt restructuring gain of CNY 8,647,353.07 during the period[6] - Research and development expenses for Q1 2024 were CNY 5.33 million, compared to CNY 5.61 million in the same period last year[19] - The company recorded a comprehensive income total of CNY 14.79 million, compared to CNY 11.49 million in the previous year[22] - The company has not yet audited the Q1 2024 report, indicating that the figures are preliminary[26] - The company is implementing new accounting standards starting in 2024, which may affect future financial reporting[26] Business Performance Insights - The decline in revenue was primarily attributed to a downturn in cross-border e-commerce business[9] - The company reported a significant increase in cash receipts from sales, particularly in the hardware business, leading to improved cash flow[9]