SUFA(SZ:000777)2024-04-24 14:11Financial Performance - The company's operating revenue for Q1 2024 was ¥155,406,894.16, a decrease of 36.74% compared to ¥245,666,035.46 in the same period last year[5] - The net loss attributable to shareholders was ¥1,534,307.60, an improvement of 81.88% from a loss of ¥8,466,957.27 in the previous year[5] - Total operating revenue for Q1 2024 was CNY 155.41 million, a decrease of 36.7% compared to CNY 245.67 million in the same period last year[15] - Net profit for Q1 2024 was a loss of CNY 1.53 million, an improvement from a loss of CNY 8.47 million in Q1 2023[16] - The total comprehensive income attributable to the parent company was -11,104,883.07 CNY, compared to -7,576,671.18 CNY in the previous period, indicating a decline[17] - Basic and diluted earnings per share were both -0.0040 CNY, an improvement from -0.0220 CNY in the previous period[17] Cash Flow - The net cash flow from operating activities was -176,637,399.96, a decline of 62.30% compared to -108,836,219.66 in the same period last year[5] - Cash inflow from operating activities totaled 196,626,362.67 CNY, down 23.5% from 256,988,164.77 CNY in the previous period[18] - Cash outflow from operating activities was 373,263,762.63 CNY, slightly up from 365,824,384.43 CNY in the previous period[18] - Cash flow from investing activities resulted in a net outflow of -7,680,943.75 CNY, compared to -5,049,619.08 CNY in the previous period[18] - Cash flow from financing activities generated a net inflow of 17,340,020.11 CNY, down from 19,016,695.84 CNY in the previous period[18] - The cash and cash equivalents at the end of the period were 71,818,931.37 CNY, significantly lower than 202,763,900.62 CNY at the end of the previous period[18] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥3,290,804,215.01, reflecting a slight increase of 0.21% from ¥3,283,866,416.22 at the end of the previous year[5] - Total liabilities rose to CNY 1.30 billion, up from CNY 1.28 billion year-over-year[14] - The company's long-term equity investments increased to CNY 601.99 million, up from CNY 582.91 million year-over-year[14] - The company’s total non-current assets amounted to CNY 1.14 billion, slightly up from CNY 1.13 billion in the previous year[14] - The company’s deferred income tax assets increased to CNY 39.34 million, compared to CNY 38.58 million in the previous year[14] Inventory and Expenses - The company's inventory increased by 21.39% to ¥635,448,596.19, primarily due to completed orders that have not yet been delivered[8] - Operating expenses decreased by 34.99% to ¥184,143,513.44, mainly due to reduced revenue[8] - Research and development expenses were ¥10,690,275.91, down 31.24% from ¥15,548,095.53 in the previous year[8] - The company reported a decrease in research and development expenses to CNY 10.69 million, down 31.5% from CNY 15.55 million in the previous year[15] Shareholder Information - Total number of common shareholders at the end of the reporting period is 58,704[10] - The largest shareholder, China Nuclear Suzhou Valve Co., Ltd., holds 17.87% of shares, totaling 68,715,360 shares[10] - The company has no preferred shareholders or significant changes in the top 10 shareholders due to securities lending[11] Future Outlook - The company plans to continue focusing on the development of electric devices and expanding its market presence despite the current financial challenges[5] Other Information - The company has not reported any new products or technologies in the current quarter[11] - There are no significant mergers or acquisitions reported in the current quarter[11] - The company has not undergone an audit for the first quarter report[19] - The report indicates the implementation of new accounting standards starting in 2024, affecting the financial statements[19]