Boss Soft(SZ:300525)2024-04-23 11:51Financial Performance - The company's revenue for Q1 2024 was CNY 259,881,431.52, representing a 15.73% increase compared to CNY 224,553,829.18 in the same period last year [25]. - The net profit attributable to shareholders was a loss of CNY 56,289,440.20, an improvement of 3.64% from a loss of CNY 58,415,015.82 in the previous year [25]. - The total comprehensive income attributable to the parent company was -56,289,440.20, compared to -58,415,015.82 in the previous period, indicating a decrease of approximately 3.65% [45]. - The net cash flow from operating activities was a loss of CNY 301,165,833.82, which is a 8.03% improvement compared to a loss of CNY 327,446,733.49 in the same period last year [25]. - The total operating revenue for Q1 2024 was RMB 259,881,431.52, an increase from RMB 224,553,829.18 in Q1 2023, representing a growth of approximately 15.7% [42]. - The total operating costs for Q1 2024 were RMB 366,022,865.79, up from RMB 318,590,387.43 in Q1 2023, indicating an increase of about 14.8% [42]. - The company reported a basic and diluted earnings per share of -0.0749, slightly better than -0.0794 in the previous period [45]. - The net profit for the period was -85,373,061.29, an improvement from -87,161,457.19 in the prior period, showing a reduction in losses [61]. - The total profit (loss) was -82,840,577.39, compared to -83,806,361.15 previously, indicating a slight improvement [61]. Cash Flow and Investments - Cash flow from investing activities improved significantly to 55,632,577.83 from -156,731,994.03, a 135.50% increase, mainly due to increased recovery of financial investments [10]. - Cash inflow from operating activities totaled 263,165,201.90, down from 409,285,685.12, representing a decline of about 35.6% [47]. - The cash outflow from operating activities was 564,331,035.72, compared to 736,732,418.61, showing a decrease of approximately 23.4% [47]. - The company plans to increase its investment in its subsidiary, Zhi Chao Niao Network Technology Co., Ltd., by 15 million yuan, with the company's contribution being 6 million yuan [51]. - The registered capital of Zhi Chao Niao will increase from 20 million yuan to 35 million yuan after the investment [51]. - The company invested 55 million RMB, representing a 49.9955% stake, in the "Shuchuang Bamin No. 1" equity investment partnership with a total scale of 110.01 million RMB [54]. - The company approved a loan application of 225 million RMB for the construction of the second phase of its AI industrial park, with a loan term of up to 10 years [55]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 4,039,774,600.15, down 5.95% from CNY 4,295,413,294.76 at the end of the previous year [25]. - The total liabilities as of the report date were RMB 955,816,755.03, a decrease from RMB 1,152,071,316.85 in the previous period [42]. - The equity attributable to shareholders decreased by 1.51% to CNY 2,537,344,696.68 from CNY 2,576,143,213.99 at the end of the previous year [25]. - Current liabilities decreased from approximately 792.58 million RMB to about 592.39 million RMB, a decline of approximately 25.2% [58]. - Total current assets decreased from approximately 2.88 billion RMB to about 2.61 billion RMB, a decline of approximately 9.4% [57]. - The company's cash and cash equivalents at the end of the period were 1,131,896,668.47, compared to 539,488,963.10 at the end of the previous period, indicating an increase of approximately 109.5% [47]. - The company's cash and cash equivalents decreased from approximately 1.39 billion RMB to about 1.14 billion RMB, a decline of approximately 18.1% [56]. - Accounts receivable increased from approximately 885.65 million RMB to about 920.59 million RMB, an increase of approximately 3.9% [56]. - Inventory rose from approximately 152.63 million RMB to about 167.37 million RMB, an increase of approximately 9.7% [57]. - The company reported a goodwill of approximately 338.12 million RMB, unchanged from the previous period [57]. Expenses and Financial Management - R&D expenses increased to 1,283,073.81, a 100% increase compared to 0.00 at the end of the previous year, primarily due to increased investment in product subsidiaries [9]. - Employee compensation payable decreased by 47.22% to 96,817,547.38 from 183,436,132.82, mainly due to the distribution of last year's year-end bonuses [9]. - Tax payable decreased by 71.80% to 18,046,658.86 from 64,000,906.27, primarily due to the payment of last year's VAT and income tax [9]. - Financial expenses improved by 63.95%, with a net expense of -2,757,024.79 compared to -1,681,638.68, mainly due to increased interest income [10]. - Interest income increased to 4,940,571.98 from 2,437,926.85, suggesting better financial management [61]. - The company reported a decrease in investment losses, with losses from associates and joint ventures at -2,817,376.49, down from -3,192,754.35 [61]. - Total sales expenses amounted to 70,500,081.59, compared to 62,560,049.84 in the previous period, reflecting an increase [61]. - Management expenses increased by 30.59% to 83,775,514.28 from 64,151,013.48, mainly due to increased compensation for management personnel [9]. - The company has not yet audited the first quarter report, which may affect the reliability of the financial data presented [65]. - The company guarantees the accuracy and completeness of the information disclosed in the report, ensuring transparency [68]. Strategic Initiatives - The company plans to repurchase shares worth between RMB 50 million and RMB 100 million to enhance investor confidence and support employee stock ownership plans [33]. - The company approved the use of up to RMB 18 million of idle funds for securities investment in related listed companies to enhance business synergy [34]. - The company is setting up an industrial investment fund to enhance its investment capabilities [19]. - The company applied for a bank loan using its own assets as collateral, indicating a strategy to improve liquidity [20]. - The company is focusing on strategic investments in projects aligned with its development direction to enhance its core business capabilities [54]. - The establishment of Fujian Bosi Data Technology Co., Ltd. is part of the company's investment strategy [17]. - The company has established a new subsidiary, Fujian Bosi Data Technology Co., Ltd., to further advance its industrial development in the digital economy [53].