ZYDX(SH:688509)2024-04-26 11:39Financial Performance - The company's operating revenue for Q1 2024 was CNY 117,557,434.41, representing a decrease of 35.72% compared to the same period last year[5]. - The net loss attributable to shareholders was CNY -31,837,896.32, with a basic and diluted earnings per share of CNY -0.04[5][6]. - The company reported a significant increase in receivables, with notes receivable rising by 79.33% due to increased bill settlements[9]. - Net loss for Q1 2024 was CNY 29,521,975.47, compared to a net loss of CNY 10,859,763.74 in Q1 2023, indicating an increase in losses of 172.1%[19]. - Basic and diluted earnings per share for Q1 2024 were both CNY -0.04, compared to CNY -0.02 in Q1 2023[20]. Cash Flow - The net cash flow from operating activities was CNY -118,918,371.04, indicating a significant cash outflow[6]. - Cash inflow from operating activities in Q1 2024 was CNY 241,625,113.19, down 29.6% from CNY 343,674,209.77 in Q1 2023[20]. - The total cash outflow from operating activities was $360.54 million, compared to $410.31 million in the previous year, showing a reduction of about 12.1%[21]. - The net cash flow from operating activities was -$118.92 million, compared to -$66.63 million in the previous year, indicating a decline of approximately 78.5%[21]. - The net increase in cash and cash equivalents was -$46.99 million, compared to -$42.90 million in the previous year, indicating a worsening cash position[22]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,531,008,517.86, a decrease of 1.77% from the end of the previous year[6]. - The company's current assets totaled CNY 2,715,091,834.57, down from CNY 2,791,292,239.94, indicating a decrease of about 2.73%[16]. - Total liabilities as of Q1 2024 were CNY 1,947,870,522.55, a slight decrease from CNY 1,981,248,878.82 in Q1 2023[18]. - The company's short-term borrowings increased to CNY 546,688,448.34 from CNY 468,259,976.86, marking an increase of approximately 16.73%[16]. - The company's total liabilities were not explicitly stated but can be inferred from the balance sheet changes, indicating a focus on managing debt levels[16]. Inventory and Contract Liabilities - The company's inventory increased by 128.67% compared to the beginning of the period, mainly due to projects not yet reaching settlement and increased procurement of materials[9]. - The company's contract liabilities increased by 258.90%, primarily due to an increase in advance payments for projects[10]. - The company's inventory increased to CNY 27,941,787.43 from CNY 12,219,393.15, indicating a significant rise of approximately 128.67%[15]. Research and Development - Research and development expenses totaled CNY 11,584,626.18, accounting for 9.85% of operating revenue, an increase of 2.78 percentage points year-on-year[6]. - Research and development expenses for Q1 2024 were CNY 11,584,626.18, a decrease from CNY 12,936,740.44 in Q1 2023[19]. Operational Strategy - The company plans to focus on improving operational efficiency and exploring new market opportunities in the upcoming quarters[20]. - The company has not reported any changes in major shareholder structures or significant new strategies during this quarter[14].