NPEC(SH:600775)2024-04-26 07:41Financial Performance - The company's operating revenue for Q1 2024 was ¥484,002,973.06, representing a decrease of 13.28% compared to the same period last year[3]. - The net profit attributable to shareholders was a loss of ¥45,922,679.29, with a basic and diluted earnings per share of -¥0.0503[3]. - The net cash flow from operating activities was -¥22,987,313.49, indicating a negative cash flow situation[3]. - Total operating revenue for Q1 2024 was $484.00 million, a decrease of 13.3% compared to $558.12 million in Q1 2023[34]. - Net profit for Q1 2024 was a loss of $34.98 million, compared to a loss of $20.71 million in Q1 2023, indicating a worsening of 68.9%[35]. - The company’s total comprehensive loss for Q1 2024 was $34.98 million, compared to a loss of $20.71 million in Q1 2023, reflecting an increase in losses of 68.9%[36]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,315,233,684.17, down 4.07% from the previous year[4]. - Total assets as of March 31, 2024, were $3.66 billion, a decrease from $3.90 billion as of December 31, 2023, reflecting a decline of 6.2%[34]. - Non-current liabilities decreased from ¥1,963,919,385.99 to ¥1,778,878,340.99, a reduction of about 9.4%[55]. - Current liabilities decreased from ¥1,901,673,450.91 to ¥1,721,598,916.44, representing a decrease of approximately 9.5%[54]. - The company’s total liabilities decreased from ¥1,963,919,385.99 to ¥1,778,878,340.99, a reduction of about 9.4%[55]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 88,370[17]. - The largest shareholder, Hong Kong Central Clearing (Agent) Limited, holds 26.52% of the shares, totaling 242,330,646 shares[18]. - Panda Electronics Group Co., Ltd. is the second largest shareholder with a 23.05% stake, amounting to 210,661,444 shares[18]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest three shareholders accounting for approximately 53.50% of the total shares[19]. Cash Flow - The net cash flow from operating activities for Q1 2024 was -22,987,313.49, an improvement from -173,980,108.81 in Q1 2023[39]. - Total cash inflow from operating activities in Q1 2024 was 802,221,146.42, down 9.3% from 884,883,104.00 in Q1 2023[39]. - Cash outflow from operating activities decreased to 825,208,459.91 in Q1 2024, compared to 1,058,863,212.81 in Q1 2023, representing a reduction of 22.0%[39]. - Cash flow from investing activities generated a net inflow of 230,637,612.84 in Q1 2024, slightly up from 227,408,036.07 in Q1 2023[39]. - The company’s cash flow from financing activities showed a net outflow of -5,769,620.00 in Q1 2024, contrasting with a net inflow of 18,064,688.48 in Q1 2023[39]. Operational Changes - The company completed the absorption merger of its wholly-owned subsidiary, which did not affect the consolidated net assets and current profits[11]. - The company reported a significant increase in credit impairment losses of ¥24,635.49, primarily due to the reversal of bad debt provisions for accounts receivable[17]. - The company experienced a 62.41% decrease in short-term borrowings, attributed to the maturity of factoring receivables[17]. - The company reported a 57.57% increase in contract liabilities, indicating an increase in pre-received contract payments[17]. Future Outlook - The first quarter report for 2024 is expected to provide further insights into the company's performance and outlook[26]. - The company plans to engage in daily related transactions with subsidiaries, with expected annual amounts not exceeding RMB 27.5 million and RMB 2.5 million for specific services[23]. Legal Matters - The company is involved in ongoing litigation with Jiangsu Jinmao Robot Technology Co., Ltd., with the second-instance case accepted by the Nanjing Intermediate People's Court[24]. Audit and Reporting - The company has not reported any audit opinion types applicable for the current period[25].