纵横股份(688070) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥27,268,690.79, representing a decrease of 65.86% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥29,043,327.74, reflecting a decline of 2,064.66% year-over-year[5]. - The net cash flow from operating activities was negative at ¥38,628,825.31, indicating a cash outflow increase of 45.64%[6]. - The basic earnings per share were -0.33, reflecting a decrease of 1,750.00% compared to the previous year[6]. - The total comprehensive income for Q1 2024 was -29,276,300.58 RMB, down from 1,264,956.96 RMB in the same period last year[25]. Research and Development - Research and development expenses totaled ¥20,074,389.63, which accounted for 73.62% of operating revenue, up from 53.91% in the previous year[6]. - Research and development expenses for Q1 2024 were CNY 9,310,426.76, compared to CNY 8,735,704.65 in Q1 2023, an increase of 6.6%[24]. Assets and Liabilities - Total assets decreased by 5.57% to ¥888,273,266.47 compared to the end of the previous fiscal year[6]. - Cash and cash equivalents decreased to CNY 118,348,555.19 from CNY 187,582,216.36, a decline of 37%[20]. - Accounts receivable decreased to CNY 89,537,588.68 from CNY 110,276,501.17, a reduction of 18.7%[20]. - Inventory increased slightly to CNY 135,645,676.93 from CNY 132,861,785.15, an increase of 2.1%[20]. - Total liabilities decreased to CNY 310,492,564.86 from CNY 333,649,914.80, a reduction of 6.9%[22]. Shareholder Information - The total number of common stock shareholders at the end of the reporting period was 4,688[12]. - The largest shareholder, Ren Bin, holds 20,502,000 shares, representing 23.41% of total shares[13]. - The top 10 shareholders include several significant stakeholders, with the second-largest being Wang Chen, holding 13,668,000 shares (15.61%)[13]. Government Support and Income - The company received government subsidies amounting to ¥6,510,000.00, which positively impacted its financial results despite the overall losses[7]. - The company reported a significant increase in other income to CNY 6,699,018.22 from CNY 3,585,847.29, an increase of 86.7%[24]. Market Strategy and Risks - The company aims to expand into domestic aviation emergency procurement and overseas market orders[17]. - The company is actively promoting low-altitude digital economy initiatives and enhancing market expansion and product delivery[17]. - The company is focusing on technological innovation in unmanned systems, including unattended operations and fixed-wing drones[17]. - The company has identified risks related to macroeconomic conditions that could lead to further losses if market opportunities are not seized[17]. - The company reported that the previous year's performance was boosted by the delivery of delayed orders from Q4 2022, affecting the current year's comparability[17]. Cash Flow Activities - Cash inflows from operating activities in Q1 2024 were 59,464,894.41 RMB, an increase from 50,173,549.00 RMB in Q1 2023[27]. - The net cash flow from operating activities for Q1 2024 was -38,628,825.31 RMB, improving from -71,066,499.70 RMB in Q1 2023[27]. - Cash outflows from investing activities totaled 72,704,224.95 RMB in Q1 2024, compared to 76,878,423.39 RMB in Q1 2023[28]. - The net cash flow from investing activities for Q1 2024 was -27,591,838.64 RMB, an improvement from -36,523,804.67 RMB in Q1 2023[28]. - Cash inflows from financing activities in Q1 2024 were 18,500,000.00 RMB, down from 45,000,000.00 RMB in Q1 2023[28]. - The net cash flow from financing activities for Q1 2024 was -4,151,641.11 RMB, compared to a positive flow of 33,760,751.26 RMB in Q1 2023[28]. - The ending cash and cash equivalents balance for Q1 2024 was 114,827,126.64 RMB, up from 105,956,020.35 RMB in Q1 2023[28].