Financial Performance - Revenue for the first quarter of 2024 was CNY 11,831,202.16, representing a significant decline of 94.22% year-over-year[10] - Net profit attributable to shareholders for the first quarter of 2024 was a loss of CNY 7,301,765.13, a decrease of 111.82% compared to the same period last year[10] - The net profit for Q1 2024 was a loss of CNY 7,301,765.13, contrasting with a net profit of CNY 61,798,835.21 in Q1 2023, marking a decline of approximately 111.8%[37] - The total profit for Q1 2024 was a loss of CNY 6,275,926.54, compared to a profit of CNY 72,704,512.02 in Q1 2023, indicating a decline of about 108.6%[37] - The operating profit for Q1 2024 was a loss of CNY 9,347,191.69, contrasting with an operating profit of CNY 72,625,097.46 in Q1 2023, marking a decline of about 112.9%[37] - The company’s total comprehensive income for Q1 2024 was a loss of CNY 7,301,765.13, compared to a comprehensive income of CNY 61,798,835.21 in Q1 2023, reflecting a decline of approximately 111.8%[37] Cash Flow - The company's cash flow from operating activities for the first quarter was CNY 21,036,207.61, down 9.59% year-over-year[10] - Operating cash inflow for Q1 2024 was CNY 168,371,671.85, a decrease of 12.5% from CNY 192,403,821.91 in Q1 2023[40] - Net cash flow from operating activities for Q1 2024 was CNY 21,036,207.61, down 9.6% from CNY 23,266,570.01 in Q1 2023[40] - Cash outflow for purchasing goods and services increased to CNY 88,973,076.84 in Q1 2024, compared to CNY 70,602,150.25 in Q1 2023, representing a 25.9% increase[40] - Cash outflow for employee payments rose to CNY 30,160,022.65 in Q1 2024, up from CNY 27,418,087.43 in Q1 2023, an increase of 10.0%[40] - Cash flow from financing activities resulted in a net outflow of -CNY 512,772.86 in Q1 2024, compared to -CNY 494,061.16 in Q1 2023[41] Assets and Liabilities - Total assets as of March 31, 2024, amounted to CNY 1,113,042,274.19, a decrease of 0.07% compared to the end of 2023[10] - Total liabilities increased from CNY 431,783,320.94 to CNY 440,020,302.31, reflecting a growth of about 1.5%[32] - Current liabilities decreased from CNY 331,685,022.60 to CNY 293,466,897.68, representing a reduction of about 11.5%[32] - Non-current liabilities increased significantly from CNY 100,098,298.34 to CNY 146,553,404.63, an increase of approximately 46.3%[32] - Total equity decreased from CNY 682,091,737.01 to CNY 673,021,971.88, a decline of about 1.5%[32] Inventory and Receivables - Inventory rose by 59.59% to CNY 120,800,943.76, primarily due to goods delivered to customers that have not yet been accepted[11] - Accounts receivable financing increased by 2,734.48% to CNY 21,422,658.00, attributed to the receipt of bank acceptance bills[11] - Accounts receivable decreased to ¥291,998,779.81 from ¥380,835,205.15, a decline of about 23.3%[30] - Inventory increased significantly from CNY 49,742,522.03 to CNY 97,019,608.70, representing a growth of approximately 95.2%[33] Shareholder Information - Total share capital is 200,000,001 shares, with 12,110 common shareholders[18] - The total number of unrestricted shares is 192,825,954, representing 96.41% of total shares[17] - The largest shareholder, Shuguang Information Industry (Beijing) Co., Ltd., holds 124,139,664 shares, accounting for 62.07%[21] Other Financial Metrics - Non-operating income surged by 3,313.61% to CNY 3,084,816.65, mainly due to a government subsidy of CNY 3 million received[12] - Non-recurring gains and losses for the first quarter totaled CNY 13,731,769.63, with a net amount of CNY 11,671,993.49 after tax effects[15] - Research and development expenses for Q1 2024 were CNY 14,404,784.59, slightly up from CNY 13,806,858.37 in Q1 2023, indicating an increase of about 4.3%[36] - The company reported other income of CNY 12,266,936.12 in Q1 2024, which is an increase from CNY 5,565,182.29 in Q1 2023, representing a growth of approximately 120.5%[36] - The company incurred a credit impairment loss of CNY 1,479,829.54 in Q1 2024, compared to CNY 389,911.59 in Q1 2023, which is an increase of approximately 278.5%[37]
曙光数创(872808) - 2024 Q1 - 季度财报