顾地科技(002694) - 2024 Q1 - 季度财报

Financial Performance - Revenue for Q1 2024 was CNY 145,507,511.72, a decrease of 21.13% compared to CNY 184,501,508.59 in the same period last year[4] - Net loss attributable to shareholders was CNY -21,448,333.19, representing a 90.82% increase in loss from CNY -11,240,306.43 year-over-year[4] - Basic and diluted earnings per share were both CNY -0.03, a decrease of 50.00% compared to CNY -0.02 in the same period last year[4] - The net profit for Q1 2024 was -21,955,296.00 CNY, compared to -12,112,752.80 CNY in Q1 2023, representing an increase in net loss of approximately 81.5% year-over-year[28] - Operating profit for Q1 2024 was -21,696,137.05 CNY, compared to -11,946,156.85 CNY in the same period last year, indicating a deterioration of about 81.1%[28] Cash Flow and Liquidity - Net cash flow from operating activities improved to CNY 7,927,973.76, a 126.02% increase from CNY -30,466,734.06 in the previous year[4] - The company's cash and cash equivalents at the end of the first quarter were CNY 431,739,134.00, slightly down from CNY 436,717,344.76 at the beginning of the year[22] - Cash and cash equivalents at the end of Q1 2024 stood at 428,776,421.14 CNY, down from 59,214,428.55 CNY at the end of Q1 2023[31] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,351,349,052.32, a slight increase of 0.47% from CNY 1,345,022,621.77 at the end of the previous year[4] - The total liabilities increased to CNY 792,320,527.65 from CNY 764,038,801.10, representing a rise of 3.43%[25] - The company’s non-current liabilities totaled CNY 71,889,679.52, slightly down from CNY 72,167,747.12[25] - The company’s retained earnings showed a deficit of CNY 679,716,499.39, worsening from a deficit of CNY 658,268,166.20[25] Operating Costs and Expenses - The total operating costs for the first quarter of 2024 were CNY 168,150,101.30, down from CNY 195,562,772.84 in the previous year, reflecting a reduction of 13.98%[27] - The company incurred total operating expenses of 153,169,000.00 CNY in Q1 2024, compared to 164,024,094.86 CNY in Q1 2023, showing a decrease of approximately 6.6%[31] - Sales expenses rose by 73.38%, mainly due to increased advertising and marketing personnel costs[10] - Research and development expenses for Q1 2024 were 7,614,605.72 CNY, slightly up from 7,494,155.56 CNY in Q1 2023, indicating a year-over-year increase of about 1.6%[28] Other Income and Subsidies - Other income increased by 288.40%, primarily due to higher input tax credits in advanced manufacturing[10] - The company received government subsidies amounting to CNY 924,286.98 during the reporting period[5] Management and Governance - The company appointed a new general manager, Mr. Dai Hao, effective from March 15, 2024, to enhance management efficiency[21] - The company plans to engage in daily related transactions with its controlling shareholder, with an estimated total amount of CNY 15,500,000 for 2024, up from CNY 2,500,000 previously[19] Inventory and Prepaid Expenses - The company reported an increase in inventory to CNY 241,983,347.66 from CNY 234,548,023.10, reflecting a growth of 3.09%[22] - The company reported a 212.24% increase in prepaid expenses, primarily due to increased payments for raw materials and equipment[6] Financial Audit - The company did not undergo an audit for the Q1 2024 report[32]