BROADV(SH:688004)2024-04-24 09:06Financial Performance - The company's operating revenue for Q1 2024 was ¥29,542,523.38, representing a decrease of 26.45% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥7,476,610.90, with a basic earnings per share of -¥0.13[5][6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥7,942,384.69, reflecting a significant decline[5]. - Total operating revenue for Q1 2024 was CNY 29,542,523.38, a decrease of 26.3% compared to CNY 40,164,395.23 in Q1 2023[17]. - Net loss for Q1 2024 was CNY 7,476,610.90, compared to a net loss of CNY 2,570,623.01 in Q1 2023, representing a significant increase in losses[19]. - Basic and diluted earnings per share for Q1 2024 were both CNY -0.13, compared to CNY -0.05 in Q1 2023[19]. Research and Development - Research and development expenses totaled ¥9,983,234.75, accounting for 33.79% of operating revenue, an increase of 3.15 percentage points year-on-year[6]. - Research and development expenses for Q1 2024 were CNY 9,983,234.75, down 18.8% from CNY 12,307,579.90 in Q1 2023[18]. - There are no new product launches or technological advancements mentioned in the current report[13]. Assets and Liabilities - The total assets at the end of the reporting period were ¥747,704,831.68, down 4.12% from the end of the previous year[6]. - As of March 31, 2024, the company's total assets amounted to CNY 747,704,831.68, a decrease from CNY 779,808,196.62 as of December 31, 2023, reflecting a decline of approximately 4.1%[14]. - The total current liabilities decreased to CNY 78,080,204.84 from CNY 103,065,156.86, marking a reduction of about 24.3%[15]. - Total liabilities as of Q1 2024 were CNY 84,645,719.86, a decrease from CNY 110,107,440.64 in the previous year[16]. - The total equity attributable to shareholders decreased to ¥663,059,111.82, a decline of 0.99% from the previous year[6]. - Total equity attributable to shareholders was CNY 663,059,111.82, slightly down from CNY 669,700,755.98 in Q1 2023[16]. Cash Flow - The net cash flow from operating activities showed a significant decrease, primarily due to reduced cash payments for purchases and services[9]. - Cash flow from operating activities in Q1 2024 was CNY 31,708,366.28, an increase from CNY 30,668,641.76 in Q1 2023[21]. - The net cash flow from operating activities was -$23,703,383.04, a decrease from -$47,076,023.81 in the previous year, indicating an improvement of approximately 49%[22]. - The net cash flow from financing activities was -$171,000.00, an improvement from -$230,787.00 year-over-year[23]. - The ending balance of cash and cash equivalents was $76,795,569.24, compared to $159,263,500.88 at the end of the previous year, showing a significant reduction of approximately 51.8%[23]. Government Support - The company received government subsidies amounting to ¥42,410.87 during the reporting period[7]. Operational Challenges - The company experienced a decline in project delivery and acceptance, impacting revenue due to seasonal factors and project delays[8]. - The company's inventory decreased to CNY 66,427,148.04 from CNY 74,421,542.94, reflecting a decline of approximately 10.8%[14]. - The company reported a significant reduction in accounts payable from CNY 49,832,753.06 to CNY 36,079,264.04, a decrease of approximately 27.8%[15]. - The company experienced a credit impairment loss of CNY 2,617,762.98 in Q1 2024, down from CNY 5,008,561.65 in Q1 2023[18].