SG(SH:600734)2024-04-26 10:37Financial Performance - The company's operating revenue for Q1 2024 was CNY 4,273,512.17, representing a decrease of 88.08% compared to the same period last year[8]. - The net profit attributable to shareholders was a loss of CNY 13,585,346.86, reflecting a decline of 231.63% year-over-year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 13,654,447.28, down 427.37% from the previous year[8]. - The net loss for Q1 2024 was CNY 13,585,346.86, compared to a net profit of CNY 10,320,838.97 in Q1 2023, marking a shift of CNY 23,906,185.83[20]. - In Q1 2024, the company reported a total comprehensive income of -13,585,346.68 RMB, a significant decline from 10,320,845.19 RMB in Q1 2023[21]. - Basic and diluted earnings per share were both CNY -0.0062, a decrease of 231.91% year-over-year[8]. - Basic and diluted earnings per share for Q1 2024 were -0.0062 RMB, compared to 0.0047 RMB in Q1 2023, indicating a negative performance shift[21]. - The company's total revenue for Q1 2024 was ¥1,937,382.08, a decrease of 93.59% compared to ¥30,220,269.98 in Q1 2023[30]. - Operating profit for Q1 2024 was -¥9,952,865.21, compared to a profit of ¥8,205,979.89 in Q1 2023, indicating a significant decline[31]. - Net profit for Q1 2024 was -¥10,197,229.22, contrasting with a net profit of ¥11,323,067.00 in Q1 2023, marking a substantial loss[31]. Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 45,414,362.18, an increase in outflow of 41.41% compared to the same period last year[8]. - The company’s cash flow from operating activities showed a negative trend, with a substantial loss reported in the current quarter compared to the previous year[20]. - Cash inflows from operating activities totaled 22,109,274.22 RMB in Q1 2024, down from 25,188,344.13 RMB in Q1 2023, reflecting a decrease of approximately 8.6%[24]. - The net cash outflow from operating activities was -45,414,362.18 RMB in Q1 2024, an improvement from -77,514,283.44 RMB in Q1 2023, showing a reduction in losses[24]. - The company incurred cash outflows from financing activities of -12,410,140.67 RMB in Q1 2024, compared to -16,986,017.86 RMB in Q1 2023, reflecting a reduction in financing costs[25]. - The cash and cash equivalents at the end of Q1 2024 were ¥171,996,142.02, down from ¥202,848,563.09 at the end of Q1 2023[35]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 780,286,877.72, down 7.67% from the end of the previous year[8]. - Total assets as of March 31, 2024, were CNY 780,286,877.72, down from CNY 845,120,185.67 at the end of 2023, a decrease of approximately 7.68%[17]. - Total liabilities decreased to CNY 401,609,898.87 from CNY 452,857,860.14, indicating a reduction of about 11.29%[17]. - The total liabilities decreased from ¥151,348,064.35 as of December 31, 2023, to ¥104,164,839.26 as of March 31, 2024, a reduction of approximately 31.1%[28]. - The total equity decreased from ¥618,910,994.70 at the end of 2023 to ¥608,713,765.48 at the end of Q1 2024, a decline of about 1.9%[28]. Shareholder Information - Shareholders' equity attributable to shareholders was CNY 378,676,978.85, a decrease of 3.46% compared to the end of the previous year[8]. - The total number of common shareholders at the end of the reporting period was 31,564[11]. Operational Insights - The company attributed the decline in revenue and profits to seasonal factors and ongoing project implementation stages[9]. - The company plans to focus on cost reduction strategies and improving operational efficiency in the upcoming quarters to address the financial challenges faced[20]. - The company reported a significant increase in non-recurring gains, including CNY 627,694.45 from debt restructuring[9]. - The company reported a significant increase in research and development expenses, which rose to CNY 1,591,172.05 in Q1 2024 from CNY 12,325,714.99 in Q1 2023, a decrease of approximately 87.06%[20]. - Research and development expenses for Q1 2024 were ¥1,591,172.05, significantly lower than ¥11,825,519.37 in Q1 2023, indicating a reduction in R&D investment[30]. - The company received interest income of ¥589,057.24 in Q1 2024, down from ¥980,985.29 in Q1 2023, reflecting a decline in interest earnings[30].