Forecam(SH:688010)2024-04-26 11:01Financial Performance - The company's operating revenue for Q1 2024 was ¥98,725,814.48, representing a decrease of 29.52% compared to the same period last year[6]. - The net profit attributable to shareholders was -¥20,060,115.53, with a basic and diluted earnings per share of -¥0.1267[6]. - The net profit for Q1 2024 was a loss of ¥20.18 million, compared to a loss of ¥8.20 million in Q1 2023, representing a 146.5% increase in losses[21]. - The company reported a total comprehensive loss of ¥20.28 million in Q1 2024, compared to a loss of ¥8.20 million in Q1 2023[22]. - The net profit for Q1 2024 was a loss of CNY 9,182,437.67, compared to a loss of CNY 4,273,357.56 in Q1 2023, indicating a worsening performance[31]. Cash Flow - The net cash flow from operating activities was ¥18,070,469.49, indicating a significant impact from declining revenue[6]. - Operating cash flow for Q1 2024 was ¥18.07 million, a significant improvement from a negative cash flow of ¥23.23 million in Q1 2023[25]. - The company received cash from operating activities totaling ¥129.98 million in Q1 2024, down from ¥166.58 million in Q1 2023[24]. - In Q1 2024, the net cash flow from operating activities was ¥41,669,451.10, a significant improvement from a net loss of ¥67,597,315.43 in Q1 2023[33]. - Total cash inflow from operating activities was ¥140,684,079.43, compared to ¥120,055,082.05 in the same period last year, reflecting a year-over-year increase of approximately 17.1%[33]. - The cash outflow for operating activities decreased to ¥99,014,628.33 from ¥187,652,397.48, indicating a reduction of about 47.3%[33]. - The net cash flow from investing activities was ¥2,577,528.00, down from ¥175,873,577.47 in Q1 2023, showing a decline of approximately 98.5%[33]. - Cash inflow from financing activities totaled ¥54,670,000.00, an increase from ¥47,000,000.00 in the previous year, representing a growth of about 16.8%[33]. - The net cash flow from financing activities was negative at -¥55,046,517.17, compared to -¥9,348,603.70 in Q1 2023, indicating a worsening situation[33]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,562,150,926.33, a decrease of 1.77% from the end of the previous year[7]. - The total assets as of March 31, 2024, were CNY 2,562,150,926.33, down from CNY 2,608,235,370.40, marking a decrease of approximately 1.8%[17]. - The company's equity attributable to shareholders decreased to CNY 1,694,111,184.96 from CNY 1,713,262,403.53, a decline of about 1.1%[17]. - Total liabilities decreased to CNY 863,394,060.91 from CNY 890,210,357.88, a reduction of about 3.0%[17]. - The company's total liabilities decreased to CNY 443,189,903.37 in Q1 2024, down from CNY 494,392,469.03 at the end of 2023[28]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,953[10]. - The largest shareholder, Zhongrong (Fujian) Investment Co., Ltd., held 27.57% of the shares, totaling 44,270,923 shares[10]. - The company reported a total of 5,295,291 shares held by a major shareholder through a credit securities account[12]. Research and Development - Research and development expenses totaled ¥15,052,864.36, accounting for 15.25% of operating revenue, an increase of 3.61 percentage points year-on-year[7]. - Research and development expenses for Q1 2024 were ¥15.05 million, a decrease of 7.7% from ¥16.31 million in Q1 2023[20]. - Research and development expenses for Q1 2024 were CNY 7,872,638.34, down from CNY 11,043,566.64 in Q1 2023, reflecting a 28.5% reduction[30]. Inventory and Receivables - Accounts receivable stood at CNY 266,496,436.30, down from CNY 278,723,174.35, indicating a decrease of about 4.4%[15]. - Inventory increased to CNY 332,271,883.92 from CNY 322,896,536.30, reflecting a growth of approximately 2.7%[15]. - The company reported an increase in inventory to CNY 92,365,689.05 as of March 31, 2024, compared to CNY 82,416,756.52 at the end of 2023, suggesting potential overstocking issues[27].