YCXN(SZ:300080)2024-04-24 11:35Financial Performance - The company's revenue for Q1 2024 was ¥884,801,967.93, a decrease of 58.77% compared to ¥2,146,160,926.54 in the same period last year[12] - The net profit attributable to shareholders was a loss of ¥69,870,405.99, representing a decline of 247.79% from a profit of ¥47,275,760.88 in the previous year[12] - The basic earnings per share were reported at -¥0.0321, a decrease of 247.93% compared to ¥0.0217 in the same period last year[12] - The net profit for Q1 2024 was a loss of approximately CNY 82.88 million, compared to a profit of CNY 59.73 million in Q1 2023, marking a significant shift in profitability[37] - The total comprehensive income for Q1 2024 was a loss of approximately CNY 83.02 million, compared to a gain of CNY 73.43 million in the same quarter last year[38] Cash Flow - The net cash flow from operating activities improved to ¥28,220,490.48, a significant increase of 113.73% compared to a negative cash flow of ¥205,500,818.05 in the same period last year[12] - Operating cash inflow totaled CNY 117,239.20 million, an increase of 8.76% compared to CNY 107,792.20 million in the same period last year[23] - Net cash flow from operating activities improved significantly to CNY 2,822.05 million, a turnaround from a negative CNY 20,550.08 million in the previous year, representing a 113.73% increase[23] - The net cash flow from operating activities for Q1 2024 was ¥28,220,490.48, a significant improvement from a negative cash flow of ¥205,500,818.05 in the same period last year[41] - The total cash outflow from operating activities amounted to ¥1,144,171,461.93, compared to ¥1,283,422,811.85 in Q1 2023, indicating a reduction of approximately 10.8%[41] Assets and Liabilities - Total assets increased by 6.09% to ¥17,867,225,696.48 from ¥16,841,340,897.51 at the end of the previous year[12] - Total liabilities increased to CNY 10,270,962,104.33 from CNY 9,163,113,460.16, marking an increase of approximately 12.1%[35] - The total number of ordinary shareholders at the end of the reporting period was 34,078, with the largest shareholder holding 48.51% of the shares[24] - The company's equity attributable to shareholders decreased to CNY 6,919,272,261.62 from CNY 6,989,418,405.14, a decline of approximately 1%[35] Operating Costs and Expenses - The company experienced a 58.25% reduction in operating costs, amounting to ¥79,119.76, due to decreased sales volume of battery cells[18] - Total operating costs for Q1 2024 were approximately CNY 972.56 million, down from CNY 2,064.10 million year-over-year, indicating a reduction of about 53.0%[37] - Research and development expenses decreased by 28.88% to ¥3,773.31, reflecting a strategic shift in R&D investment[18] - Research and development expenses for Q1 2024 were approximately CNY 37.73 million, a decrease from CNY 53.06 million in the same period last year, representing a reduction of about 29.0%[37] Government Support and Subsidies - The company received government subsidies amounting to ¥10,173,710.39 during the reporting period, contributing positively to its financial results[14] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[23] - The company is focusing on improving operational efficiency and exploring new market opportunities to enhance future performance[36]