佳华科技(688051) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 10,006.24 million, representing a year-on-year increase of 60.39%[5] - The net profit attributable to shareholders was CNY -937.84 million, with a significant increase in gross profit compared to the same period last year[5][8] - The net loss for Q1 2024 was RMB 9,378,386.69, compared to a net loss of RMB 22,645,578.95 in Q1 2023, representing an improvement of 58.6%[17] - The total operating profit for Q1 2024 was -7,049,886.89 RMB, significantly better than -29,556,985.97 RMB in the same period last year[18] - The basic earnings per share for Q1 2024 was -0.12 RMB, an improvement from -0.38 RMB in Q1 2023[19] - The total comprehensive income for Q1 2024 was -7,938,271.35 RMB, compared to -30,095,508.07 RMB in the same period last year, indicating a significant reduction in losses[19] Cash Flow and Assets - The company reported a net cash flow from operating activities of CNY -1,514.53 million, indicating challenges in cash generation[5] - The company reported a net cash outflow from operating activities of -15,145,304.53 RMB, an improvement from -82,746,271.10 RMB in Q1 2023[21] - Cash inflow from operating activities totaled 72,840,967.90 RMB, compared to 69,335,837.99 RMB in the previous year, indicating a year-over-year increase[21] - The company achieved a cash inflow from investment activities of 243,773,586.58 RMB, down from 319,842,794.37 RMB in Q1 2023[22] - The net cash flow from financing activities was 4,208,002.83 RMB, a recovery from -8,113,123.58 RMB in the same quarter last year[22] - The cash and cash equivalents as of March 31, 2024, amounted to RMB 106,403,620.61, compared to RMB 55,444,089.28 at the end of 2023, indicating an increase of 92%[13] - The ending cash and cash equivalents balance was 105,226,620.61 RMB, compared to 188,086,227.85 RMB at the end of Q1 2023[22] - Total assets at the end of the reporting period were CNY 117,824.63 million, a decrease of 1.15% from the end of the previous year[6] - The total assets as of March 31, 2024, were RMB 1,178,246,279.24, a decrease from RMB 1,191,928,782.03 at the end of 2023[14] - The total liabilities decreased to RMB 368,907,519.01 as of March 31, 2024, from RMB 375,117,262.37 at the end of 2023[15] Shareholder Information - The total number of common shareholders at the end of the reporting period was 5,702[10] - The largest shareholder, Shanghai Baiyu Information Technology Co., Ltd., held 31.63% of the shares[10] Research and Development - Research and development expenses totaled CNY 1,465.20 million, accounting for 14.64% of operating revenue, a decrease of 1.15 percentage points from the previous year[6] - Research and development expenses decreased to 12,940,729.70 RMB from 18,988,986.61 RMB in Q1 2023, reflecting a reduction in investment in this area[18] Non-Recurring Items - Non-recurring gains and losses amounted to CNY 4,933.78 million, primarily due to government subsidies and asset impairment reversals[8] Future Outlook - The company plans to continue focusing on new product development and market expansion strategies in the upcoming quarters[5] - The company has not reported any significant new product developments or market expansions during this quarter[12] - There are no updates on mergers or acquisitions in the current report[12]