A-Zenith(SH:603389)2024-04-25 12:37Financial Performance - The company's operating revenue for Q1 2024 was ¥32,071,525.22, representing a decrease of 30.73% compared to the same period last year[6] - The net profit attributable to shareholders was a loss of ¥28,266,633.51, with basic and diluted earnings per share both at -¥0.11[6] - Total revenue for Q1 2024 was ¥32,071,525.22, a decrease of 30.6% compared to ¥46,296,863.67 in Q1 2023[21] - Net loss for Q1 2024 was ¥28,936,895.94, compared to a net loss of ¥28,005,855.44 in Q1 2023, reflecting a 3.3% increase in losses[22] - The company reported a gross profit margin of approximately -82.5% for Q1 2024, compared to -61.0% in Q1 2023[21] - Basic earnings per share for Q1 2024 was -¥0.11, compared to -¥0.10 in Q1 2023[22] Cash Flow - The net cash flow from operating activities was a negative ¥21,287,075.87, indicating cash outflow during the period[6] - Cash flow from operating activities for Q1 2024 was -¥21,287,075.87, an improvement from -¥23,896,391.36 in Q1 2023[25] - The net cash flow from investing activities was 16,258,564.00, compared to a negative cash flow of -1,194,976.08 in the previous period[26] - Cash inflow from investment activities in Q1 2024 was ¥16,436,308.20, compared to ¥203,179.88 in Q1 2023[25] - The net increase in cash and cash equivalents was -10,762,163.88, compared to -35,269,941.26 in the previous year[26] - The ending balance of cash and cash equivalents was 9,023,947.23, down from 12,192,178.12 year-over-year[26] - The company reported a significant decrease in cash flow from financing activities, indicating a tighter liquidity position[26] - The cash flow from investing activities showed a positive trend, suggesting potential growth in investment opportunities[26] Assets and Liabilities - The total assets at the end of Q1 2024 were ¥612,134,287.56, down 5.83% from the end of the previous year[7] - The equity attributable to shareholders decreased by 7.50% to ¥348,411,988.59 compared to the end of the previous year[7] - The company's current assets totaled RMB 185,693,318.81, down from RMB 214,571,492.88, indicating a decrease of about 13.4%[16] - The company's total liabilities decreased to ¥278,538,694.62 in Q1 2024 from ¥287,465,318.38 in Q1 2023[21] - The total liabilities were not explicitly stated, but accounts payable decreased from RMB 41,789,901.74 to RMB 32,788,454.41, a decline of approximately 21.5%[17] - The company reported a significant decrease in employee compensation liabilities from RMB 13,671,208.13 to RMB 8,959,380.53, a reduction of about 34.0%[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 25,240[11] - The largest shareholder, Shanghai Yazhen Investment Co., Ltd., holds 60.12% of the shares[11] - The company held a total of 1,285,380 shares in its repurchase account, accounting for 0.49% of the total share capital as of March 31, 2024[12] Operational Insights - The company did not report any new product launches or significant market expansion strategies during this quarter[6] - Research and development expenses for Q1 2024 were ¥435,202.00, slightly down from ¥489,081.02 in Q1 2023[21] - The company's financial performance indicates a need for strategic adjustments in cash management and investment strategies moving forward[26] - The overall financial results highlight the importance of monitoring cash flows to ensure operational stability[26]