XYGF(SZ:300159)2024-04-26 12:56Financial Performance - The company's revenue for Q1 2024 was ¥31,243,770.64, representing a decrease of 49.17% compared to ¥61,464,539.33 in the same period last year[4] - The net loss attributable to shareholders was ¥65,433,846.01, which is a 9.48% increase from a loss of ¥59,765,259.94 in the previous year[4] - The company's basic and diluted earnings per share were both -¥0.0437, reflecting an 8.98% decline from -¥0.0401 in the same period last year[4] - Net loss for Q1 2024 was ¥68,996,171.49, compared to a net loss of ¥63,503,065.99 in Q1 2023, representing an increase in loss of 8.3%[21] - The total equity attributable to shareholders of the parent company was -¥31,694,263.31, a decline from ¥34,048,567.39 in the previous period[21] Cash Flow - The net cash flow from operating activities decreased by 52.09% to ¥12,300,627.13 from ¥25,675,229.03 year-on-year[4] - Cash flow from operating activities generated a net cash inflow of ¥12,300,627.13, down 52.0% from ¥25,675,229.03 in the same period last year[23] - The net cash flow from investing activities was -¥17,202,822.24, a drastic decrease of 1927.56% compared to ¥941,299.65 in the previous year, due to equipment purchases by subsidiaries[9] - The net cash flow from financing activities decreased by 30.13% to -¥81,970,276.81, reflecting increased repayments of loans and financing compared to the previous year[9] - The total cash inflow from financing activities was ¥171,070,000.00, an increase from ¥150,897,404.03 year-over-year[24] - Cash outflow for debt repayment was ¥233,546,745.00, up from ¥191,910,500.08 in the previous year, reflecting increased financial obligations[24] - The company reported a net decrease in cash and cash equivalents of -¥86,868,882.39, compared to -¥36,372,881.56 in the previous year[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,822,824,444.36, down 4.86% from ¥2,966,987,480.31 at the end of the previous year[4] - The company's current assets decreased to CNY 1,367,120,845.22 from CNY 1,486,080,434.30, reflecting a decline of approximately 8.0%[15] - The company's total liabilities decreased to CNY 2,867,298,049.39 from CNY 2,942,155,929.16, indicating a reduction of approximately 2.5%[17] - Short-term borrowings decreased to CNY 1,058,683,559.11 from CNY 1,113,810,641.82, a decrease of about 4.9%[17] - The company's long-term equity investments slightly decreased to CNY 53,852,619.41 from CNY 54,426,180.36[15] Research and Development - Research and development expenses decreased by 55.39% to ¥4,449,661.64, attributed to reduced participation in government-sponsored R&D projects[9] - Research and development expenses for Q1 2024 were ¥4,449,661.64, a decrease of 55.4% compared to ¥9,975,292.01 in Q1 2023[19] Other Income and Expenses - The company experienced a 67.93% decline in other income, which fell to ¥2,060,864.68 from ¥6,426,866.13, due to a reduction in government subsidies received[9] - The company recorded a financial expense of ¥29,947,239.84, which increased from ¥24,441,043.48 in the same period last year[19] Contract Liabilities - The company reported a significant increase in contract liabilities, which rose by 64.69% to ¥127,335,462.50, primarily due to advance payments received in the agricultural machinery sector[8] - The company reported a significant increase in contract liabilities to CNY 127,335,462.50 from CNY 77,318,367.34, an increase of about 64.7%[17] Accounting and Auditing - The company has not undergone an audit for the first quarter report[25] - The company is implementing new accounting standards starting in 2024, which may affect financial reporting[25]