NEO(SH:600184)2024-04-25 12:17Financial Performance - The company's operating revenue for Q1 2024 was ¥229,686,978.37, representing a decrease of 27.66% compared to the same period last year[4] - The net profit attributable to shareholders was a loss of ¥9,335,395.94, reflecting a decline of 243.39% year-over-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥17,760,927.68, a decrease of 383.24% compared to the previous year[4] - The basic and diluted earnings per share were both -¥0.02, indicating a 300.00% decline from the same quarter last year[4] - The net profit for Q1 2024 was -9,335,395.94 RMB, compared to a net profit of 6,510,338.80 RMB in Q1 2023, indicating a significant decline[15] - Operating profit for Q1 2024 was -9,561,645.98 RMB, while in Q1 2023 it was 6,558,481.51 RMB, reflecting a substantial decrease in operational performance[15] - The total comprehensive income for Q1 2024 was -9,335,395.94 RMB, aligning with the net profit figure, while in Q1 2023 it was 6,510,338.80 RMB[15] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,485,906,664.22, an increase of 9.53% from the end of the previous year[4] - The company's total assets increased to CNY 4.49 billion as of March 31, 2024, compared to CNY 4.10 billion at the end of 2023, representing a growth of 9.5%[13] - The company's total liabilities rose to CNY 1.94 billion as of March 31, 2024, compared to CNY 1.56 billion at the end of 2023, an increase of 24.5%[12] - The total liabilities for Q1 2024 were CNY 734,521.24, an increase from CNY 680,083.57 in Q1 2023[20] - The company’s total liabilities and equity matched the total assets at CNY 2,222,090,653.77, indicating a balanced financial position[20] Cash Flow - The net cash flow from operating activities was ¥193,019,256.75, with no applicable year-over-year comparison[4] - Cash flow from operating activities for Q1 2024 was 193,019,256.75 RMB, a recovery from -256,699,465.46 RMB in Q1 2023, showing improved cash generation[16] - The company experienced a cash inflow from operating activities of 546,990,331.13 RMB in Q1 2024, compared to 251,626,458.36 RMB in Q1 2023, indicating improved operational cash flow[16] - The cash and cash equivalents increased to CNY 702.68 million as of March 31, 2024, from CNY 572.85 million at the end of 2023, a rise of 22.6%[10] - The cash and cash equivalents at the end of Q1 2024 were CNY 2,660,080.22, compared to CNY 4,202,911.90 at the end of Q1 2023[26] Shareholder Information - The equity attributable to shareholders at the end of the reporting period was ¥2,542,775,156.73, showing a slight increase of 0.12% compared to the previous year[4] - The top three shareholders hold a combined 56.85% of the company's shares, with North Optoelectronics Group Co., Ltd. owning 23.48%[6] - The company's equity attributable to shareholders increased slightly to CNY 2.54 billion as of March 31, 2024, from CNY 2.54 billion at the end of 2023, a marginal increase of 0.2%[13] Operational Performance - The company reported a significant decrease in defense product sales and structural changes affecting revenue, contributing to the overall performance decline[5] - Total operating costs for Q1 2024 were CNY 244.29 million, down from CNY 312.16 million in Q1 2023, reflecting a reduction of 21.7%[14] - Research and development expenses decreased to CNY 8.81 million in Q1 2024 from CNY 21.10 million in Q1 2023, a decline of 58.2%[14] - The company reported a significant increase in cash received from sales, totaling 544,941,129.62 RMB in Q1 2024, compared to 246,600,174.21 RMB in Q1 2023, marking a growth of approximately 120%[16] - Investment activities resulted in a net cash outflow of -57,737,306.71 RMB in Q1 2024, compared to -25,236,131.75 RMB in Q1 2023, indicating increased investment expenditures[17]