TYPICAL(SH:600302)2024-04-26 08:56Financial Performance - The company's operating revenue for Q1 2024 was CNY 118,578,980.86, representing a decrease of 21.83% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was a loss of CNY 17,062,167.88, with a basic and diluted earnings per share of -0.0493 yuan[5]. - The net cash flow from operating activities was a negative CNY 15,491,210.23, indicating cash outflow[5]. - Total operating revenue for Q1 2024 was ¥118,578,980.86, a decrease of 21.8% compared to ¥151,700,856.39 in Q1 2023[25]. - Net loss for Q1 2024 was ¥18,557,854.63, compared to a net loss of ¥5,371,565.06 in Q1 2023, indicating a significant increase in losses[26]. - The company's total assets as of the end of Q1 2024 were ¥1,294,313,987.55, slightly down from ¥1,310,609,299.49 at the end of Q1 2023[23]. - Total liabilities for Q1 2024 were ¥460,545,583.86, a minor decrease from ¥461,797,053.66 in Q1 2023[22]. - The company's cash and cash equivalents decreased to ¥59,589,871.76 from ¥60,695,501.42 year-over-year[21]. - Other comprehensive income for Q1 2024 was ¥2,680,656.34, compared to a loss of ¥798,419.26 in Q1 2023, indicating a positive shift[26]. - Basic earnings per share for Q1 2024 were -0.0493 CNY, compared to -0.0144 CNY in Q1 2023[27]. Assets and Equity - Total assets at the end of Q1 2024 were CNY 1,294,313,987.55, down 1.24% from the end of the previous year[6]. - Shareholders' equity attributable to the listed company was CNY 784,882,476.41, a decrease of 1.71% from the previous year-end[6]. - The total equity attributable to shareholders decreased to ¥784,882,476.41 from ¥798,538,479.43 year-over-year[22]. Cash Flow - The company reported a cash balance of ¥157,837,850.71 as of March 31, 2024, compared to ¥163,743,830.79 on December 31, 2023[20]. - Accounts receivable increased to ¥336,007,757.86 as of March 31, 2024, from ¥329,742,664.91 at the end of 2023[20]. - Net cash flow from operating activities for Q1 2024 was -15,491,210.23 CNY, an improvement from -27,593,285.69 CNY in Q1 2023[28]. - Total cash inflow from operating activities in Q1 2024 was 110,192,991.85 CNY, down 11.5% from 124,472,267.98 CNY in Q1 2023[28]. - Cash outflow from operating activities in Q1 2024 was 125,684,202.08 CNY, a decrease of 17.3% compared to 152,065,553.67 CNY in Q1 2023[28]. - Net cash flow from investing activities for Q1 2024 was -9,842,081.00 CNY, compared to a positive 1,741,848.82 CNY in Q1 2023[29]. - Cash inflow from financing activities in Q1 2024 was 23,200,000.00 CNY, significantly higher than 2,000,000.00 CNY in Q1 2023[29]. - Net cash flow from financing activities for Q1 2024 was 20,528,062.99 CNY, compared to -8,666,308.92 CNY in Q1 2023[29]. - The ending cash and cash equivalents balance for Q1 2024 was 153,949,125.21 CNY, compared to 125,693,968.75 CNY at the end of Q1 2023[29]. - The company reported a decrease in cash and cash equivalents by 4,553,918.89 CNY in Q1 2024, an improvement from a decrease of 34,442,188.48 CNY in Q1 2023[29]. Business Operations and Strategy - The decline in net profit was primarily due to a decrease in sales revenue from the sewing business and an increase in financial expenses due to exchange losses[8]. - The company did not report any new product developments or market expansion strategies in this quarter[4]. - The company aims to transform from a supplier of single sewing equipment to a provider of intelligent green system solutions and services in the environment and apparel sectors[12]. - In Q1 2024, the company successfully achieved direct sales to end customers in the Weiten product line, marking a breakthrough in zero direct sales[13]. - The company expanded its market presence by actively collaborating with agents to explore new order demands in the automotive seating, interior, and furniture markets[13]. - The company completed technical verification for the T6 multi-axis sewing machine project and successfully trial-produced the T5 series models and TC153-5030 inline template machine[17]. - As of March 31, 2024, the company held 340 valid patents, including 47 invention patents, and had approved 65 higher-level standards[18]. - The company is focusing on enhancing its core capabilities in sewing solutions and expanding its market influence in the Weiten business area[12]. - The company is committed to providing high-quality full-process services to win customer trust and is actively responding to long-term demand planning from key clients[13]. - The company is leveraging its precision manufacturing and electrical digital services to provide comprehensive solutions in the energy-saving and environmental protection sectors[16]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 26,798[10]. - The largest shareholder, China Standard Industrial Group Co., Ltd., held 42.77% of the shares[10].