Vazyme(SH:688105)2024-04-26 12:11Financial Performance - The company's operating revenue for Q1 2024 was ¥301,571,120.22, representing a slight decrease of 0.21% compared to the same period last year[3]. - The net profit attributable to shareholders was ¥5,216,369.89, while the net profit excluding non-recurring gains and losses was a loss of ¥15,952,493.64[3]. - The net cash flow from operating activities was negative at ¥81,496,867.29, indicating a significant cash outflow during the quarter[3]. - Total operating revenue for Q1 2024 was ¥301,571,120.22, a slight decrease from ¥302,194,310.54 in Q1 2023, representing a decline of approximately 0.21%[32]. - Net profit for Q1 2024 was CNY 4.88 million, compared to a net loss of CNY 51.21 million in Q1 2023, marking a significant turnaround[34]. - The company's total comprehensive income for Q1 2024 was CNY 4.64 million, compared to a loss of CNY 49.77 million in Q1 2023, indicating a significant recovery[36]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,413,386,014.53, down 5.79% from the end of the previous year[11]. - The total liabilities amounted to ¥1,415,683,779.94, compared to ¥1,716,892,136.48 in the previous period, indicating a reduction of about 17.55%[27]. - Non-current liabilities totaled ¥234,830,854.88, an increase from ¥197,388,503.61, reflecting an increase of approximately 18.94%[27]. - The total equity attributable to shareholders was ¥3,998,150,697.36, down from ¥4,029,387,759.53, indicating a decrease of about 0.77%[27]. - The company held total current assets of ¥3,865,117,507.35, down from ¥4,230,257,556.92, representing a decrease of approximately 8.63%[29]. - The total owner's equity was ¥4,312,019,236.46, a decrease from ¥4,334,462,000.89 in the previous period[44]. Cash Flow - Cash and cash equivalents decreased to ¥1,364,671,627.52 from ¥1,966,889,660.18, a decline of about 30.56%[29]. - Cash flow from operating activities showed a net outflow of CNY 81.50 million in Q1 2024, an improvement from a net outflow of CNY 109.07 million in Q1 2023[39]. - Cash inflow from investment activities in Q1 2024 was CNY 1.46 billion, compared to CNY 1.30 billion in Q1 2023, indicating a growth of approximately 12.7%[39]. - Cash outflow for investment activities decreased from CNY 1.85 billion in Q1 2023 to CNY 986.49 million in Q1 2024, a reduction of about 46.8%[39]. - The cash outflow from financing activities in Q1 2024 was RMB 608.21 million, significantly higher than RMB 2.58 million in Q1 2023[52]. Research and Development - Research and development expenses totaled ¥70,762,810.52, accounting for 23.46% of operating revenue, a decrease of 4.64 percentage points year-on-year[11]. - Research and development expenses decreased from CNY 84.91 million in Q1 2023 to CNY 70.76 million in Q1 2024, a decrease of about 16.7%[34]. - Research and development expenses decreased to RMB 46.71 million in Q1 2024 from RMB 58.63 million in Q1 2023, a reduction of 20.29%[51]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,106, with the largest shareholder holding 40.48% of the shares[15]. - The company repurchased 3,011,135 shares as of the report date[22]. - The company reported a total of 12,593,330 shares held by Nanjing Nuotai Venture Capital Partnership, representing 3.15% of total shares[18]. Inventory and Deferred Income - The company’s inventory increased to ¥361,452,056.87 from ¥346,248,153.48, reflecting an increase of approximately 4.06%[29]. - The company’s deferred income increased to ¥32,795,405.97 from ¥21,383,240.32, indicating an increase of about 53.36%[27]. Profitability and Costs - Total operating costs decreased from CNY 350.73 million in Q1 2023 to CNY 317.25 million in Q1 2024, a reduction of approximately 9.5%[34]. - The company achieved a gross profit margin improvement, with operating profit moving from a loss of CNY 66.83 million in Q1 2023 to a loss of CNY 5.80 million in Q1 2024[34]. - The company achieved a gross profit margin of approximately 70.69% in Q1 2024, compared to 69.49% in Q1 2023[51]. Future Outlook - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[59].