Financial Performance - The company's operating revenue for Q1 2024 was CNY 2,243.46 million, representing a year-on-year increase of 100.21%[5] - The net profit attributable to shareholders was CNY -160.22 million, and the net profit after deducting non-recurring gains and losses was CNY -457.26 million[5] - The net profit attributable to shareholders of the listed company increased significantly in the first quarter compared to the same period last year, driven by sales revenue growth[25] - The net loss for Q1 2024 was ¥1,602,204.25, an improvement from a net loss of ¥5,819,746.84 in Q1 2023, showing a reduction of about 72.5%[37] - Basic earnings per share for Q1 2024 were -0.004, an improvement from -0.02 in Q1 2023[38] Cash Flow - The net cash flow from operating activities was CNY 2,880.14 million[5] - The company reported cash inflow from operating activities of ¥80,935,192.02 in Q1 2024, compared to ¥42,033,097.28 in Q1 2023, indicating a growth of approximately 92.9%[52] - The net cash flow from operating activities was $28,801,391.12, a turnaround from a negative cash flow of -$867,028.42 in the prior period, showcasing improved cash generation[54] - The ending cash and cash equivalents balance was $880,798,722.34, a decrease from $913,533,870.10 at the beginning of the period, indicating a reduction in liquidity[55] - The company experienced a net decrease in cash and cash equivalents of -$32,735,147.76, compared to -$98,551,020.69 in the previous period, showing improved cash management[55] Research and Development - Research and development expenses totaled CNY 2,181.72 million, an increase of 67.07% year-on-year[5] - R&D expenses rose by 67.07% as the company increased investment in R&D, resulting in a higher number of projects and personnel costs[25] - R&D expenses accounted for 97.25% of operating revenue, a decrease of 19.29 percentage points compared to the previous year[6] - The company is focusing on expanding its market presence and enhancing its product offerings through increased R&D efforts[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 216,479.62 million, a decrease of 0.46% from the end of the previous year[6] - Shareholders' equity attributable to shareholders was CNY 206,494.19 million, down 2.30% from the previous year[6] - The total liabilities amounted to RMB 99,854,267.58, a significant increase from RMB 61,095,275.33 in the previous period[24] - The total current liabilities were RMB 76,415,811.93, compared to RMB 40,354,453.27 previously, indicating a substantial rise[24] - The company’s total liabilities and shareholders' equity amounted to ¥2,164,796,215.76, a slight decrease from ¥2,174,729,216.28 in the previous year[33] Non-Recurring Gains and Losses - The company reported non-recurring gains of CNY 291.58 million from financial asset disposals[6] - The company has not identified any significant changes in non-recurring gains and losses for the reporting period[8] Shareholder Information - The company has a total of 10,000 shareholders, with the largest shareholder holding 20.20% of the shares[27] - The company has not engaged in any share lending activities during the reporting period[30]
芯动联科(688582) - 2024 Q1 - 季度财报