Financial Performance - The company's operating revenue for Q1 2024 was ¥69,114,938.65, a decrease of 24.54% compared to ¥91,588,595.89 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥401,819.44, representing a decline of 102.56% from a profit of ¥15,676,760.59 in Q1 2023[5] - The net cash flow from operating activities was -¥17,855,675.75, a decrease of 80.29% compared to -¥9,903,837.59 in the previous year[5] - The company's basic and diluted earnings per share both fell to -¥0.0036, down 102.57% from ¥0.1400 in the same period last year[12] - Minority shareholders' profit decreased to ¥1,579,568.82, down 37.40% from ¥2,523,392.39 in the previous year[12] - The company reported a total of ¥2,830,481.39 in non-recurring gains and losses for the period[6] Assets and Liabilities - The total assets at the end of Q1 2024 were ¥1,349,206,813.43, down 2.08% from ¥1,377,830,470.81 at the end of the previous year[5] - The company's total liabilities decreased to CNY 359,559,375.06 from CNY 391,760,781.82, indicating a reduction in financial obligations[23] - The total assets as of March 31, 2024, amounted to CNY 1,349,206,813.43, a decrease from CNY 1,377,830,470.81 at the beginning of the period[21] - Cash and cash equivalents decreased to CNY 119,302,901.26 from CNY 371,979,849.89, reflecting a significant reduction in liquidity[22] - Accounts receivable decreased to CNY 348,464,404.68 from CNY 382,125,122.67, indicating improved collection or reduced sales[22] Cash Flow - The net cash flow from investing activities was -¥255,891,469.98, a decrease of 62.36% compared to -¥157,607,085.40 in the same period last year[14] - The net cash flow from financing activities increased significantly to ¥19,669,947.33, a rise of 22,303.22% from -¥88,590.50 in the previous year[14] - The net cash flow from operating activities was -¥17,855,675.75, representing a decrease of 80.29% from -¥9,903,837.59 in the previous year[14] - Total cash and cash equivalents at the end of the period were 116,654,398.47 CNY, down from 322,245,747.90 CNY, representing a decrease of about 64%[29] Investment and Financing - The company reported a significant increase in receivables financing, which rose by 155.37% to ¥4,434,428.00 from ¥1,736,480.71[9] - The company's financial expenses decreased by 65.33% to -¥566,312.54 from -¥1,633,638.25 in the same period last year[11] - The investment income increased by 313.49% to ¥2,761,787.77 compared to ¥667,921.61 in Q1 2023[11] - Cash inflows from financing activities totaled 26,671,120.73 CNY, compared to 1,647,861.18 CNY in the previous year, marking an increase of approximately 1515%[29] Operational Challenges - The company attributed the decline in performance to slower project progress, increased external costs, and difficulties in receivables collection due to client liquidity issues[5] - The company experienced a 100% decrease in non-operating income, reporting only ¥0.61 compared to ¥100,400.09 in the previous year[12] - The company reported a significant reduction in asset impairment losses to ¥24,853.51, a decrease of 56.43% compared to ¥57,037.62 in the same period last year[12] Corporate Developments - The company has received a patent certificate for an invention on March 15, 2024, enhancing its intellectual property portfolio[20] - The company announced the completion of business registration for its subsidiary on March 1, 2024, marking a step in its expansion strategy[20] - The total number of ordinary shareholders at the end of the reporting period was 12,418[15] - The largest shareholder, Anhui State-owned Assets Operation Holding Group Co., Ltd., holds a 30.00% stake with 33,600,000 shares[15] Research and Development - Research and development expenses increased to CNY 4,669,329.26, up from CNY 4,028,833.80 year-over-year, reflecting a focus on innovation[25]
建研设计(301167) - 2024 Q1 - 季度财报