复洁环保(688335) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥14,476,981.71, representing a decrease of 91.61% compared to the same period last year[4] - The net profit attributable to shareholders was a loss of ¥1,148,691.70, down 103.73% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥2,230,416.89, reflecting a decline of 107.68%[4] - The basic and diluted earnings per share were both -0.01, down 103.33% year-on-year[4] - In Q1 2024, the company reported a net profit of -2,321,381.17 CNY, a significant decrease compared to a net profit of 30,214,945.36 CNY in Q1 2023[22] - The total profit for Q1 2024 was 729,735.41 CNY, down from 33,483,986.39 CNY in the same period last year, indicating a decline of approximately 98%[22] - Operating profit for Q1 2024 was 486,637.62 CNY, compared to 33,488,072.82 CNY in Q1 2023, reflecting a decrease of about 98.5%[22] Cash Flow and Assets - The net cash flow from operating activities was ¥4,295,472.40, with no applicable year-on-year comparison[4] - The company's cash and cash equivalents decreased to CNY 276,526,489.19 as of March 31, 2024, from CNY 630,611,367.03 as of December 31, 2023, representing a decline of 56.1%[19] - Accounts receivable increased to CNY 297,918,532.48 in Q1 2024, compared to CNY 140,647,620.19 in Q4 2023, indicating a rise of 111.4%[19] - Total assets at the end of the reporting period were ¥1,434,307,348.17, a decrease of 6.46% from the end of the previous year[5] - Total liabilities decreased to CNY 175,092,475.74 in Q1 2024, down from CNY 274,917,013.15 in Q4 2023, reflecting a decrease of 36.4%[20] Research and Development - Research and development expenses totaled ¥6,401,969.74, accounting for 44.22% of operating revenue, an increase of 40.19 percentage points[5] - The company reported R&D expenses of CNY 6,401,969.74 for Q1 2024, slightly down from CNY 6,950,015.34 in Q1 2023, indicating a focus on maintaining innovation despite financial pressures[21] Project and Contract Activity - Major projects that contributed to last year's revenue, such as the Shanghai Old Port sludge treatment service and the Shanghai Zhuyuan wastewater treatment plant, generated zero revenue in Q1 2024 due to project completion[13][14] - The company signed 90 new project contracts in Q1 2024, totaling CNY 98.8703 million, with core product contracts amounting to CNY 79.6557 million[14] Future Strategies - The company plans to enhance accounts receivable collection efforts and implement stricter project management to improve cash flow and recover overdue receivables[15] - Future strategies include expanding into new regional markets and enhancing cooperation models to stabilize cash flow and improve operational performance[15] - The company aims to diversify its product offerings by developing high-temperature drying filter plates for various industries, including sludge treatment and lithium battery production[15] Legal Matters - The company is currently involved in a lawsuit regarding a construction contract dispute, which was resolved with the plaintiff withdrawing the case[16]