Financial Performance - The company's revenue for Q1 2024 was ¥73,997,519.60, a decrease of 42.06% compared to ¥127,722,871.24 in the same period last year[5] - The net profit attributable to shareholders was -¥7,050,512.40, representing a decline of 139.85% from ¥17,693,710.25 year-on-year[5] - Basic and diluted earnings per share were both -¥0.06, down 137.50% from ¥0.16 in the same period last year[5] - Net profit for the current period is -¥8,032,680.87, compared to a net profit of ¥17,974,839.47 in the previous period, representing a significant decline[20] - The total comprehensive income for the current period is -¥16,766,464.28, compared to ¥14,190,937.21 in the previous period[20] Cash Flow and Liquidity - The net cash flow from operating activities was -¥43,722,970.53, a significant drop from -¥16,614,741.56 in the previous year, indicating a worsening cash position[5] - Operating cash flow for the current period is -¥43,722,970.53, worsening from -¥16,614,741.56 in the previous period[22] - Cash and cash equivalents at the end of the period amount to ¥567,568,614.99, down from ¥360,687,956.44 in the previous period[23] - The company's cash and cash equivalents decreased to CNY 580,549,637.47 from CNY 735,447,164.93, reflecting a decline of approximately 21.1%[15] - Investment activities generated a net cash outflow of -¥108,117,132.79, compared to -¥34,644,858.32 in the previous period[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,607,106,689.34, a decrease of 3.32% from ¥1,662,262,575.22 at the end of the previous year[5] - The total current liabilities decreased to CNY 345,606,856.18 from CNY 380,179,324.54, indicating a reduction of about 9.1%[16] - The total non-current liabilities decreased to CNY 24,605,025.60 from CNY 29,679,784.50, a decline of approximately 17.1%[16] - The total liabilities decreased to CNY 370,211,881.78 from CNY 409,859,109.04, a decline of about 9.7%[16] - The total equity attributable to the owners of the parent company was CNY 1,214,656,168.24, down from CNY 1,228,597,917.16, a decrease of about 1.1%[17] Operational Costs and Expenses - The company reported a significant increase in costs due to capacity construction and depreciation expenses related to its aluminum profile CNC high-speed machining business[10] - Total operating costs for the current period are ¥79,687,079.93, down 30.9% from ¥115,280,729.46 in the previous period[19] - The company reported a significant increase in research and development expenses to ¥4,622,787.40, up from ¥3,851,149.33 in the previous period[19] Revenue Decline Factors - The decline in revenue was attributed to the impact of downstream overseas customers, with some projects not being accepted during the reporting period[10] - The weighted average return on net assets decreased to -0.58%, down 2.04 percentage points from 1.46% in the previous year[5] Other Financial Information - The company received government subsidies amounting to ¥461,960.20, which are closely related to its normal business operations[7] - The company's inventory increased slightly to CNY 380,124,773.85 from CNY 378,799,131.60, reflecting a growth of approximately 0.3%[15] - The accounts receivable decreased to CNY 64,067,542.23 from CNY 67,260,206.26, a decline of about 4.3%[15] - The company's contract liabilities decreased to CNY 218,148,448.08 from CNY 253,355,244.27, indicating a reduction of approximately 13.9%[16] - The company's retained earnings decreased to CNY 397,410,700.13 from CNY 404,461,212.53, reflecting a decrease of approximately 1.7%[17] - The first quarter report has not been audited[24] - The new accounting standards will be implemented starting in 2024[24] - Financial statement adjustments related to the first year of new accounting standards are applicable[24] - The board of directors of Guangzhou Xinbang Intelligent Equipment Co., Ltd. issued the report on April 23, 2024[24]
信邦智能(301112) - 2024 Q1 - 季度财报