深信服(300454) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥1,035,080,040.95, a decrease of 14.66% compared to ¥1,212,825,722.82 in the same period last year[2] - The net loss attributable to shareholders was ¥488,764,945.10, representing an 18.64% increase in loss from ¥411,972,943.06 year-over-year[2] - Operating revenue for Q1 2024 was approximately CNY 1.035 billion, a decrease of 14.66% compared to CNY 1.213 billion in the same period last year[6] - Net profit attributable to shareholders was CNY 2,430,550,190.31, down from CNY 2,919,315,135.41, representing a decline of 16.71%[20] - The net profit for Q1 2024 was -488,936,931.17 CNY, compared to -411,972,943.06 CNY in Q1 2023, representing an increase in net loss of approximately 18.7%[22] - Total comprehensive income for Q1 2024 was -425,973,680.43 CNY, compared to -178,046,249.27 CNY in Q1 2023, indicating a significant decline in overall performance[22] Cash Flow - The net cash flow from operating activities was -¥1,154,245,182.65, a significant decline of 147.91% compared to -¥465,596,459.31 in the previous year[2] - Cash flow from operating activities showed a net outflow of -1,154,245,182.65 CNY, compared to -465,596,459.31 CNY in the previous year, reflecting a worsening cash position[23] - Investment cash flow turned positive at CNY 816.88 million, a significant increase of 1932.64% from negative CNY 44.57 million year-on-year[7] - Cash flow from investing activities generated a net inflow of 816,875,259.53 CNY, a significant improvement from -44,573,658.46 CNY in Q1 2023[23] - The net increase in cash and cash equivalents was CNY 244.61 million, a 134.51% improvement from negative CNY 708.86 million in the same period last year[7] Assets and Liabilities - Total assets at the end of the reporting period were ¥14,446,287,937.21, down 3.88% from ¥15,028,908,327.14 at the end of the previous year[2] - The company's total equity attributable to shareholders decreased by 5.82% to ¥8,292,697,153.63 from ¥8,805,254,642.95[2] - The company's total liabilities decreased to RMB 4,000,000,000.00 from RMB 4,500,000,000.00, indicating a reduction of approximately 11.1%[18] - Total liabilities decreased to CNY 6,151,432,300.28 from CNY 6,221,323,214.82, a decline of 1.12%[20] Operational Metrics - Operating costs decreased by 5.79% to CNY 432.89 million from CNY 459.52 million year-on-year[6] - Total operating costs for Q1 2024 were CNY 1,647,465,796.14, down from CNY 1,756,777,347.34, reflecting a reduction of 6.21%[21] - The company reported a decrease in sales expenses to CNY 636,405,816.58 from CNY 668,740,490.90, a reduction of 4.83%[21] - R&D expenses were CNY 531.68 million, down 8.17% from CNY 578.99 million in the previous year[6] - Research and development expenses amounted to CNY 531,679,629.74, a decrease of 8.14% from CNY 578,989,168.19 in the previous year[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,216[8] - Major shareholder He Zhaoxi holds 20.06% of the shares, amounting to 84,240,000 shares[9] Strategic Actions - The company continues to implement cost reduction and efficiency improvement measures amid uncertain external conditions[6] - The company completed the repurchase of 3,527,732 shares, accounting for 0.84% of the total share capital, with a total transaction amount of RMB 199,828,862.63[14] - The company provided guarantees totaling RMB 3.2 billion for its wholly-owned subsidiary, Shenzhen Deepin Technology Co., Ltd., and RMB 1 billion for another subsidiary, Shenzhen Xinyuan Technology Co., Ltd.[16][17] Inventory and Receivables - Accounts receivable decreased by 47.20% to ¥465,871,585.83, attributed to strong seasonal sales patterns[5] - Inventory increased by 40.25% to ¥536,957,249.62 as a strategic response to rising raw material prices[5] - The company's inventory increased significantly to RMB 536,957,249.62, up from RMB 382,845,328.97, representing an increase of about 40.3%[18] Debt and Financing - Short-term borrowings rose by 89.09% to ¥1,560,994,203.95, reflecting the company’s strategy to take advantage of lower loan interest rates[5] - Short-term borrowings increased significantly to CNY 1,560,994,203.95 from CNY 825,533,250.01, an increase of 89.00%[20] Audit Status - The company has not undergone an audit for the Q1 2024 report[24]