ST易联众(300096) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥48,863,469.88, a decrease of 64.15% compared to ¥136,296,251.75 in the same period last year[3] - The net loss attributable to shareholders was ¥40,150,465.42, showing an improvement of 8.09% from a loss of ¥43,683,967.28 in the previous year[3] - Total operating revenue for Q1 2024 was CNY 48,863,469.88, a decrease of 64.1% compared to CNY 136,296,251.75 in the previous period[26] - Net loss for Q1 2024 was CNY 51,910,916.12, compared to a net loss of CNY 51,039,837.94 in the same period last year[28] - Total comprehensive income for the first quarter was -34,786,522.20 CNY, compared to -26,965,457.65 CNY in the previous period, reflecting a decline of approximately 29.5%[29] Cash Flow and Liquidity - The net cash flow from operating activities was -¥143,471,394.27, a decline of 90.42% compared to -¥75,344,658.27 in the same period last year[3] - Cash received from operating activities decreased to ¥21,321,209.82, a decline of 69.51% due to reduced labor dispatch business activities[11] - Cash inflow from sales of goods and services was 74,826,794.81 CNY, significantly lower than 158,719,772.50 CNY in the same period last year, a drop of about 52.9%[31] - Total cash outflow from operating activities was 240,676,743.16 CNY, compared to 307,429,354.67 CNY in the previous period, a decrease of approximately 21.7%[32] - Cash and cash equivalents decreased to CNY 259,078,294.02 from CNY 408,060,395.13 at the beginning of the period, a decline of 36.5%[22] Assets and Liabilities - The total assets decreased by 10.98% to ¥976,790,728.11 from ¥1,097,301,888.74 at the end of the previous year[3] - Total liabilities decreased to CNY 606,780,281.75 from CNY 680,744,469.48, a decrease of 10.9%[24] - The company’s total liabilities decreased significantly, with accounts payable to employees dropping by 44.38% to ¥53,846,167.58 from ¥96,802,766.22[8] - Accounts receivable decreased to CNY 185,330,550.41 from CNY 197,357,958.25, a decline of 6.4%[22] Research and Development - Research and development expenses were ¥12,210,612.04, down 55.04% from ¥27,159,324.46 in the previous year, attributed to personnel optimization and reduced R&D investment[9] - Research and development expenses for Q1 2024 were CNY 12,210,612.04, down 55.1% from CNY 27,159,324.46 in the previous period[26] Government Support and Subsidies - The company received government subsidies amounting to ¥9,554,071.73, which positively impacted other income, increasing by 42.82% compared to the previous year[9] Shareholder and Corporate Governance - The company’s major shareholder, Zhoukou Chengfa Intelligent Technology Co., Ltd., now holds 16.19% of the shares, becoming the controlling shareholder[19] - The company lost the right to appoint directors in its associate company, leading to a reclassification of its investment, which affected its financial results significantly[9] - The company’s stock continues to be under risk warning due to unresolved issues related to illegal guarantees and borrowings[20] Legal and Compliance Issues - The company is currently appealing a first-instance judgment related to a significant lawsuit, indicating ongoing legal challenges[19] - The company has not undergone an audit for the first quarter report, indicating that the figures are unaudited[34] Investment Activities - The company made an investment payment of ¥2,655,976.50, which is a substantial increase of 1,283.32% due to acquiring a 9.92% stake in a subsidiary[11] - The net cash flow from investment activities was -2,720,932.50 CNY, worsening from -158,551.09 CNY year-over-year, reflecting increased investment outflows[32] Taxation - Total taxes paid amounted to ¥10,783,983.42, reflecting a 43.24% decrease attributed to lower revenue[11] - The company reported a significant decrease in tax refunds received, totaling ¥1,057,344.26, down 69.15% compared to the previous period[11]