神农科技(300189) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥50,061,370.58, representing a 27.62% increase compared to ¥39,227,142.88 in the same period last year[4] - The net profit attributable to shareholders was -¥8,433,476.87, a decline of 151.82% from -¥3,349,075.91 year-on-year[4] - Total operating revenue for Q1 2024 was CNY 50,061,370.58, an increase of 27.7% compared to CNY 39,227,142.88 in Q1 2023[21] - Net loss for Q1 2024 was CNY 7,258,346.94, compared to a net loss of CNY 2,699,860.13 in Q1 2023, representing an increase in loss of 169.5%[23] - The weighted average return on equity was -1.10%, down 0.68 percentage points from -0.42% in the same period last year[4] - The total equity attributable to shareholders of the parent company was CNY 762,765,077.30 in Q1 2024, down from CNY 771,198,554.14 in Q1 2023, a decrease of 1.8%[21] - The company reported a basic and diluted earnings per share of negative CNY 0.0082 for Q1 2024, compared to negative CNY 0.0033 in Q1 2023[23] Cash Flow - The net cash flow from operating activities was -¥5,653,251.32, which is a 10.86% decrease compared to -¥5,099,519.60 in the previous year[4] - Operating cash flow for Q1 2024 was negative CNY 5,653,251.32, slightly worse than negative CNY 5,099,519.60 in Q1 2023[25] - Cash inflow from operating activities totaled CNY 49,181,726.90 in Q1 2024, compared to CNY 47,839,605.77 in Q1 2023, reflecting a growth of 2.8%[25] - The net cash flow from investment activities was -41,814,488.94 CNY, compared to -4,454,740.35 CNY in the previous year, indicating a significant increase in cash outflow[26] - The total cash outflow from investment activities amounted to 52,897,190.02 CNY, up from 32,956,435.99 CNY year-over-year[26] - The net cash flow from financing activities was 2,147,637.13 CNY, a recovery from a net outflow of -7,096,122.56 CNY in the same period last year[26] - Cash and cash equivalents at the end of the period were 66,013,221.31 CNY, down from 98,456,499.01 CNY year-over-year[26] - The company experienced a net decrease in cash and cash equivalents of -45,320,101.92 CNY, compared to -16,665,061.76 CNY in the previous year[26] - The cash inflow from financing activities totaled 2,250,000.00 CNY, a decrease from 4,959,158.33 CNY in the previous year[26] - The cash outflow for financing activities was 102,362.87 CNY, significantly lower than 12,055,280.89 CNY in the same period last year[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥980,746,923.08, down 2.07% from ¥1,001,434,092.88 at the end of the previous year[4] - Current assets decreased to RMB 255,612,050.72 from RMB 301,633,004.51, reflecting a decline of approximately 15.3%[19] - Cash and cash equivalents dropped significantly from RMB 111,333,469.10 to RMB 66,013,367.18, a decrease of about 40.7%[18] - Accounts receivable increased to RMB 93,960,156.27 from RMB 84,063,609.92, representing an increase of approximately 11.3%[19] - Inventory decreased from RMB 71,539,465.32 to RMB 50,005,778.32, a reduction of about 30.3%[19] - Total non-current assets rose to RMB 725,134,872.36 from RMB 699,801,088.37, an increase of approximately 3.6%[19] - The total liabilities decreased to CNY 131,784,891.33 in Q1 2024 from CNY 145,213,714.22 in Q1 2023, a reduction of 9.2%[21] - The company reported a significant increase in contract liabilities from RMB 8,169,076.35 to RMB 12,103,913.66, an increase of approximately 48.5%[19] Expenses - Sales expenses rose by ¥5,484,900, marking a 123.66% increase, attributed to expanded sales scale and increased personnel costs[9] - Total operating costs for Q1 2024 were CNY 58,821,392.93, up 30.5% from CNY 45,060,487.77 in the same period last year[21] - Research and development expenses for Q1 2024 were CNY 2,539,309.26, a slight increase from CNY 2,426,458.64 in Q1 2023[21] - Sales expenses increased significantly to CNY 9,920,289.97 in Q1 2024, compared to CNY 4,435,412.68 in Q1 2023, marking a rise of 123.5%[21] Stock and Financing - The company plans to issue up to RMB 300 million in stock through a simplified procedure, not exceeding 20% of the net assets as of the end of the previous year[14] - The company has withdrawn its application for the simplified stock issuance as of March 7, 2024[16] - The company's short-term borrowings increased by ¥2,250,000, primarily due to additional bank loans taken by a subsidiary[8] - The company’s short-term borrowings were recorded at RMB 2,250,000.00, indicating new financing activities[19] Other Information - The company did not undergo an audit for the first quarter report[27] - The company is implementing new accounting standards starting from 2024[28]