Yonyou(SH:600588)2024-04-26 09:09Financial Performance - The company's operating revenue for Q1 2024 was CNY 1,749,275,186, representing an increase of 18.6% compared to the same period last year[2]. - The net profit attributable to shareholders of the listed company was a loss of CNY 453,030,627, with a basic and diluted earnings per share of -0.14 yuan[2]. - The weighted average return on net assets was -4.69%, a decrease of 1.1 percentage points year-on-year[2]. - The company reported a net loss attributable to shareholders of 453.03 million yuan, an increase in loss of 5.623 million yuan year-on-year, impacted by a decrease in fair value gains[11]. - Net loss for Q1 2024 was ¥466,813,538, compared to a net loss of ¥417,271,503 in Q1 2023, indicating a deterioration in performance[35]. - Operating profit for Q1 2024 was a loss of ¥468,248,925, compared to a loss of ¥416,442,389 in Q1 2023[34]. - Basic earnings per share for Q1 2024 was -¥0.14, compared to -¥0.12 in Q1 2023[35]. Cash Flow and Assets - The net cash flow from operating activities was a negative CNY 1,297,280,092, indicating significant cash outflow during the quarter[2]. - The company reported a decrease in cash and cash equivalents from CNY 8,045,445,865 at the end of 2023 to CNY 5,268,184,617 as of March 31, 2024, a decline of approximately 34.9%[28]. - Cash flow from operating activities for Q1 2024 was a net outflow of ¥1,297,280,092, compared to a net outflow of ¥1,166,743,199 in Q1 2023[36]. - Cash flow from investing activities for Q1 2024 showed a net outflow of ¥840,589,674, a significant decrease from a net inflow of ¥1,535,100,893 in Q1 2023[37]. - Cash flow from financing activities for Q1 2024 resulted in a net inflow of ¥173,147,258, down from ¥537,422,670 in Q1 2023[37]. - The total current assets decreased from CNY 12,922,361,827 at the end of 2023 to CNY 11,394,111,302, a reduction of about 11.8%[28]. - The company reported cash and cash equivalents at the end of Q1 2024 of ¥4,788,213,328, down from ¥6,198,470,676 at the end of Q1 2023[37]. Shareholder and Equity Information - Shareholders' equity attributable to shareholders of the listed company decreased by 5.1% to CNY 9,632,525,964 compared to the end of the previous year[3]. - The total number of ordinary shareholders at the end of the reporting period was 143,004[6]. - The largest shareholder, Beijing Yonyou Technology Co., Ltd., held 921,161,630 shares, accounting for 26.95% of the total shares[7]. - The company’s retained earnings decreased from CNY 873,526,347 at the end of 2023 to CNY 420,495,720, a decline of approximately 52.0%[30]. Market and Product Development - The company is focusing on expanding its market presence and developing new products and technologies to enhance future performance[2]. - Cloud service revenue reached 1.25864 billion yuan, growing 32.5% year-on-year, accounting for 72.0% of total revenue, an increase of 7.6 percentage points from the previous year[11]. - Revenue from large enterprise customers was 1.09132 billion yuan, a 20.0% increase year-on-year, with cloud service revenue from this segment growing 38.9%[14]. - Revenue from government and public organizations grew 44.6% year-on-year, with cloud service revenue increasing 58.7%[19]. - The company signed contracts with 38 central enterprises, including China CITIC Group and others, enhancing its market position[14]. - The company launched BIP 3-R5, enhancing product competitiveness through continuous upgrades and iterations[22]. - The cumulative number of paid cloud service customers reached 753,000, with an addition of 38,000 new customers during the reporting period[12]. - The total number of ecological solutions developed based on the YonBuilder low-code platform increased to 305, with 26 new iterations of BIP native products[23]. - The number of registered ISV partners reached 3,567, with 5 new BIP native development partners added during the reporting period[23]. - The company maintained its position as the leading provider in the Chinese aPaaS market and large enterprise ERM market according to IDC reports[24]. Liabilities and Financial Position - Total assets at the end of Q1 2024 were CNY 24,351,445,190, down 4.6% from the end of the previous year[3]. - The total liabilities decreased from CNY 13,717,677,549 at the end of 2023 to CNY 13,079,590,422, a decline of approximately 4.7%[30]. - Contract liabilities amounted to 2.77 billion yuan, a 14.1% increase year-on-year, with cloud-related contract liabilities at 2.46 billion yuan, up 26.9%[12]. - The company’s total non-current assets increased from CNY 12,598,678,944 at the end of 2023 to CNY 12,957,333,888, an increase of about 2.9%[29]. Employee Information - The company’s employee count decreased to 23,156, down by 1,793 from the end of 2023[25].