Financial Performance - Total operating revenue for Q1 2024 was CNY 131,515,894.85, an increase of 19.4% compared to CNY 110,184,469.15 in the same period last year[21] - The net profit attributable to the parent company for Q1 2024 was CNY -13,614,215.04, compared to a profit of CNY 12,205,783.34 in Q1 2023, indicating a significant decline[22] - The total comprehensive income for Q1 2024 was CNY -15,868,227.88, compared to CNY 11,811,118.18 in the previous year, reflecting a downturn in overall financial performance[22] - Basic and diluted earnings per share for Q1 2024 were both CNY -0.04, down from CNY 0.03 in Q1 2023[22] - The net profit for the period was -15,868,227.88, compared to a profit of 11,811,118.18 in the previous period, indicating a substantial decline in profitability[30] - The net profit attributable to shareholders was -¥13,614,215.04, a decrease of 211.54% compared to the previous year, mainly due to increased equity incentive expenses[42] - The net profit attributable to shareholders after deducting non-recurring gains and losses is CNY -14,239,609.10, down 255.52% from CNY 9,155,965.45 in the same period last year[52] Cash Flow and Liquidity - Cash received from sales of goods and services in Q1 2024 was CNY 74,777,198.94, a decrease of 27.5% from CNY 103,081,356.59 in the same quarter last year[23] - The net cash flow from operating activities was -194,931,929.03, a decrease from -88,871,735.37 in the previous period, indicating a worsening cash flow situation[25] - The company's cash flow from operating activities has significantly deteriorated, indicating potential liquidity issues[52] - The cash and cash equivalents at the end of the period were 1,595,679,315.74, down from 1,739,858,071.91, showing a decrease in liquidity[35] Expenses and Costs - Total operating costs amounted to 149,279,883.86, up from 104,389,788.45, reflecting a significant increase in expenses[30] - Research and development expenses increased to 60,600,849.75 from 42,920,454.45, highlighting the company's commitment to innovation[30] - The company reported a significant increase in sales expenses to 27,220,212.36 from 15,521,696.94, reflecting higher marketing and sales efforts[30] - Operating costs grew by 29.04% to ¥57,006,790.75, primarily driven by increased revenue compared to the same period last year[42] - R&D expenses rose by 41.19% to ¥60,600,849.75, reflecting higher personnel costs and equity incentive expenses[42] Assets and Liabilities - Total liabilities as of Q1 2024 amounted to CNY 452,544,250.71, down from CNY 571,489,278.62 in the previous year[20] - Total equity attributable to shareholders of the parent company was CNY 1,812,668,827.59, slightly up from CNY 1,804,123,735.11 year-on-year[20] - The total assets at the end of the current period amount to CNY 2,297,216,470.91, a decrease of 3.82% from CNY 2,388,429,602.44 at the end of the previous year[52] - The equity attributable to shareholders of the listed company is CNY 1,812,668,827.59, showing a slight increase of 0.47% from CNY 1,804,123,735.11 at the end of the previous year[52] Strategic Initiatives - The company aims to enhance its market position through potential new product developments and strategic expansions, although specific details were not disclosed in the report[21] - The company plans to acquire a 46% stake in Beijing Hengtong Huiyuan Big Data Technology Co., Ltd. in March 2024 to enhance its product system and core competitiveness[45] - The company will hold its annual general meeting on April 22, 2024, to review the profit distribution and capital reserve increase proposal for 2023[45] Tax and Government Support - The total tax expenses were -4,383,880.44, compared to 3,596,749.85 in the previous period, indicating a shift in tax liabilities[30] - The company received government subsidies amounting to 16,329.00, contributing positively to its financial results[40] Inventory and Prepayments - Prepayments increased by 54.01% to ¥11,137,981.50 due to higher payments to technology service providers[42] - Inventory rose by 33.74% to ¥59,414,598.98, attributed to increased contract performance costs[42] - Intangible assets surged by 1216.94% to ¥19,329,127.22, resulting from the addition of intangible assets from newly consolidated subsidiaries[42] - Goodwill increased by 2498.86% to ¥26,755,693.83 due to the consolidation of new subsidiaries[42]
中科江南(301153) - 2024 Q1 - 季度财报