ASCF(SH:600855)2024-04-26 13:04Financial Performance - In Q1 2024, the company reported operating revenue of CNY 150,972,476.99, a decrease of 27.17% compared to the same period last year[6]. - The net profit attributable to shareholders was CNY -43,285,783.09, indicating a loss, but an improvement compared to the previous year[6]. - The net cash flow from operating activities was CNY -72,483,482.20, reflecting ongoing challenges in cash generation[6]. - The company reported a net loss of CNY 48,039,549.67 for Q1 2024, compared to a net loss of CNY 51,238,097.52 in Q1 2023[21]. - The net profit for Q1 2024 was -47,430,829.62 RMB, a slight improvement from -47,593,980.85 RMB in Q1 2023, representing a decrease of approximately 0.34%[22]. - The total comprehensive income for Q1 2024 was -47,430,829.62 RMB, slightly better than -47,593,980.85 RMB in Q1 2023[22]. - The company reported a significant decrease in cash received from sales, totaling ¥2,904,277.40 in Q1 2024, down from ¥44,523,356.94 in Q1 2023, a decline of 93.5%[33]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,858,237,057.95, down 3.13% from the end of the previous year[6]. - Total liabilities decreased to CNY 1,908,779,846.65 from CNY 1,986,487,308.76, a reduction of 3.9%[18]. - Total current assets amounted to CNY 2,993,318,706.83, down 4.0% from CNY 3,118,156,040.63 at the end of 2023[17]. - The total owner's equity decreased to ¥2,151,341,116.06 in Q1 2024 from ¥2,177,603,296.62 in Q1 2023, a decline of 1.2%[29]. - The total liabilities increased to ¥204,013,488.84 in Q1 2024 from ¥198,903,811.74 in Q1 2023, indicating a rise of 5.6%[29]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 46,561[11]. - The largest shareholder, China Aerospace Science and Industry Corporation, holds 29.7% of the shares[11]. - The top shareholder, China Aerospace Science and Industry Corporation, holds 141,150,722 shares, representing 29.77% of total shares[14]. - The second largest shareholder, Chaoyang Power Supply Co., Ltd., owns 42,949,467 shares, accounting for 9.06% of total shares[14]. - The report indicates no significant changes in the shareholding structure compared to the previous period[15]. Operational Focus and Strategy - The company plans to focus on its core business, explore market potential, and promote new product development and market expansion[6]. - The company aims to enhance overall profitability and operational management through cost reduction and efficiency improvement initiatives[6]. - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[12]. - The company continues to focus on research and development in simulation technology and applications[12]. Cost and Expenses - Total operating costs for Q1 2024 were CNY 199,012,026.66, down 23.0% from CNY 258,526,324.11 in Q1 2023[21]. - Research and development expenses were CNY 15,302,272.41, a decrease of 15.0% from CNY 17,979,548.47 in Q1 2023[21]. - Research and development expenses for Q1 2024 were ¥5,663,258.21, down from ¥7,964,051.69 in Q1 2023, representing a decrease of 29.0%[30]. - The company incurred sales expenses of ¥5,827,225.87 in Q1 2024, a decrease of 26.8% compared to ¥7,962,718.44 in Q1 2023[30]. Cash Flow - Cash and cash equivalents decreased to CNY 867,152,763.78 as of March 31, 2024, from CNY 976,980,271.39 at the end of 2023, a decline of 11.2%[17]. - The cash flow from operating activities showed a net outflow of ¥29,766,985.99 in Q1 2024, an improvement from a net outflow of ¥40,149,311.92 in Q1 2023[33]. - The company incurred financing cash outflows of 3,652,828.39 RMB in Q1 2024, compared to an inflow of 2,321,427.32 RMB in Q1 2023, reflecting a shift in financing strategy[25].