Freelynet(SH:603602)2024-04-26 09:11Financial Performance - The company's operating revenue for Q1 2024 was CNY 409,133,581.21, representing a 92.40% increase compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was a loss of CNY 1,223,409.04, with no applicable percentage change due to the nature of the data[5]. - The basic and diluted earnings per share were both CNY -0.01, an improvement from CNY -0.04 per share in the same period last year[8]. - The weighted average return on net assets was -0.16%, an increase of 0.95 percentage points compared to the previous year[5]. - The increase in operating revenue was primarily driven by growth in the company's digital marketing services[8]. - Net profit for Q1 2024 was CNY 8,607,185.44, compared to a net loss of CNY 8,302,942.28 in Q1 2023[19]. - The total comprehensive income for Q1 2024 was CNY 8,607,185.44, compared to a comprehensive loss of CNY 8,302,942.28 in Q1 2023[20]. Cash Flow and Liquidity - The net cash flow from operating activities was a negative CNY 139,595,606.63, indicating an increase in procurement payments[8]. - Cash inflow from operating activities was CNY 417,610,162.65 in Q1 2024, compared to CNY 245,382,641.04 in Q1 2023, representing a 69.9% increase[23]. - The net cash flow from operating activities was -$139.6 million, compared to -$62.8 million in the previous year, indicating a significant increase in cash outflow[24]. - Total cash outflow from investing activities was $74.4 million, up from $49.0 million year-over-year, resulting in a net cash flow from investing activities of -$69.5 million[24]. - Cash inflow from financing activities amounted to $129.7 million, with a net cash flow of $56.7 million after accounting for cash outflows[24]. - The net increase in cash and cash equivalents was -$152.4 million, compared to -$111.6 million in the same period last year[25]. - The ending balance of cash and cash equivalents was $110.8 million, down from $255.9 million year-over-year[25]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,659,468,396.47, a decrease of 1.90% from the end of the previous year[6]. - The total liabilities increased to CNY 919,893,368.78 in Q1 2024 from CNY 890,046,989.50 in Q1 2023, marking a growth of 3.2%[16]. - The total equity attributable to shareholders decreased to CNY 730,051,344.04 in Q1 2024 from CNY 801,814,588.21 in Q1 2023, a decline of 8.9%[16]. - Total current assets decreased to ¥1,060,061,397.53 from ¥1,112,415,991.09, indicating a reduction of approximately 4.7%[14]. - Accounts receivable increased to ¥514,011,706.99 from ¥480,603,365.65, reflecting a growth of about 6.9%[13]. - Inventory decreased to ¥223,133,355.59 from ¥244,840,643.97, showing a decline of about 8.8%[14]. - Accounts payable decreased to ¥379,150,947.83 from ¥467,134,115.33, reflecting a decline of about 18.8%[14]. Shareholder Information - The company held 6,282,000 shares in its repurchase account, representing 3.05% of total shares outstanding[12]. - The top shareholder, Su Weifeng, holds 30.27% of the shares, with a total of 62,284,331 shares[11]. - The company has not reported any significant changes in the participation of major shareholders in margin trading or securities lending activities[12]. Expenses and Investments - Operating costs for Q1 2024 were CNY 397,271,171.03, up from CNY 220,238,606.64 in Q1 2023, reflecting a 80.5% increase[18]. - Research and development expenses for Q1 2024 were CNY 18,922,440.36, slightly up from CNY 17,977,567.83 in Q1 2023[18]. - The company reported an investment income of CNY 2,957,922.58 in Q1 2024, recovering from a loss of CNY 389,794.99 in Q1 2023[19]. - Cash paid to employees was $43.7 million, an increase from $34.0 million in the previous year[24]. - Cash paid for taxes was $8.1 million, compared to $2.8 million in the prior year, reflecting a significant increase[24]. - Cash paid for other operating activities was $95.6 million, up from $73.0 million year-over-year[24]. - The company received $290,000 from minority shareholders as part of investment inflow[24]. Accounting and Reporting - The company has not adopted new accounting standards for the current year, indicating continuity in financial reporting practices[25].