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天迈科技(300807) - 2024 Q1 - 季度财报
TiamaesTiamaes(SZ:300807)2024-04-26 13:25

Main Financial Data Key Accounting Data and Financial Indicators In Q1 2024, operating revenue declined by 30.83% year-over-year, net loss attributable to shareholders widened, and net cash flow from operating activities significantly improved Key Financial Indicators for Q1 2024 | Indicator | Current Period | Prior Period | Year-over-Year Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue (CNY) | 13,321,754.87 | 19,259,097.38 | -30.83% | | Net Profit Attributable to Shareholders (CNY) | -20,036,186.01 | -15,735,302.96 | -27.33% | | Net Profit Attributable to Shareholders Excluding Non-recurring Gains/Losses (CNY) | -20,695,553.84 | -16,271,106.38 | -27.19% | | Net Cash Flow from Operating Activities (CNY) | -21,123,867.33 | -41,926,612.16 | 49.62% | | Basic Earnings Per Share (CNY/share) | -0.29 | -0.23 | -26.09% | | Total Assets (CNY) | 681,325,696.81 | 721,936,739.67 | -5.63% (vs. end of prior year) | | Owners' Equity Attributable to Shareholders (CNY) | 524,810,370.20 | 544,831,692.35 | -3.67% (vs. end of prior year) | Non-recurring Gains and Losses Items and Amounts During the current period, total non-recurring gains and losses amounted to CNY 659,367.83, primarily from government grants, resulting in a net loss of CNY 20.70 million after exclusion Non-recurring Gains and Losses Items for Q1 2024 | Item | Amount for Current Period (CNY) | | :--- | :--- | | Government Grants Recognized in Current Profit/Loss | 1,034,300.00 | | Reversal of Impairment Provisions for Receivables Subject to Separate Impairment Testing | 25,200.00 | | Other Non-operating Income and Expenses Excluding the Above | -294,184.90 | | Less: Income Tax Impact | 105,947.27 | | Total | 659,367.83 | Analysis of Major Financial Data Changes The company explained key financial data changes for the quarter, attributing revenue decline to reduced sales orders, improved operating cash flow to lower procurement payments, and increased fixed asset acquisitions and bank borrowings Balance Sheet Item Change Analysis At period-end, receivables financing and prepayments significantly increased due to business activities, while taxes payable and other payables substantially decreased due to payment settlements Major Balance Sheet Item Changes | Item | Change (%) | Primary Reason for Change | | :--- | :--- | :--- | | Receivables Financing | 41.16% | Increase in Bank Acceptance Bills Received | | Prepayments | 39.59% | Increase in Prepaid Purchase Payments | | Other Current Assets | 71.98% | Increase in Input VAT to be Deducted | | Taxes Payable | -85.10% | Payment of Taxes Accrued at Prior Year-end | | Other Payables | -31.24% | Payment of Intercompany Payables | Income Statement Item Change Analysis Current period total operating revenue decreased by 30.83% year-over-year due to fewer sales orders, while investment losses narrowed, but asset impairment losses expanded from increased impairment provisions for contract assets Major Income Statement Item Changes | Item | Change (%) | Primary Reason for Change | | :--- | :--- | :--- | | Total Operating Revenue | -30.83% | Decrease in Sales Orders | | Other Income | -49.15% | Decrease in Government Grants Received | | Investment Income | 69.18% | Decrease in Investment Losses from Associates | | Asset Impairment Losses | 62.23% | Increase in Impairment Losses on Contract Assets | | Income Tax Expense | 547.13% | Increase in Deferred Income Tax Expense | Cash Flow Statement Item Change Analysis Net cash flow from operating activities improved by 49.62% due to reduced procurement payments, while net cash outflow from investing activities increased by 153.64% from higher fixed asset acquisitions, and net cash inflow from financing activities rose by 260.16% due to increased bank borrowings Major Cash Flow Statement Item Changes | Item | Change (%) | Primary Reason for Change | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 49.62% | Decrease in Payments for Goods Purchased | | Net Cash Flow from Investing Activities | -153.64% | Increase in Acquisition of Fixed Assets | | Net Cash Flow from Financing Activities | 260.16% | Increase in Bank Loans | Shareholder Information Common Stock Shareholding Information As of the reporting period end, the company had 15,368 common stock shareholders, with controlling shareholder Guo Jianguo holding 31.51% and having a concerted action relationship with Hainan Dacheng Ruixin and Guo Tiantian - At the end of the reporting period, the total number of common stock shareholders was 15,36812 Top Ten Shareholders' Holdings | Shareholder Name | Shareholding Percentage (%) | Number of Shares Held | | :--- | :--- | :--- | | Guo Jianguo | 31.51% | 21,439,680.00 | | Hainan Dacheng Ruixin Investment Partnership (Limited Partnership) | 14.81% | 10,075,560.00 | | Shanghai Xuanding Asset Management Co., Ltd. - Xuanding Boyin Private Securities Investment Fund | 5.66% | 3,850,000.00 | | Guo Tiantian | 3.41% | 2,321,240.00 | - Shareholders Guo Jianguo and Guo Tiantian are father and daughter, while Guo Jianguo and Tian Shufen, a partner of Hainan Dacheng Ruixin Investment Partnership (Limited Partnership), are husband and wife, forming a concerted action relationship13 Preferred Stock Shareholding Information The company had no preferred stock shareholders during the current reporting period - During the reporting period, the company had no preferred stock shareholders14 Changes in Restricted Shares During the reporting period, total restricted shares decreased from 19,117,287 to 18,985,598, primarily due to the release of restrictions on shares held by certain former directors, supervisors, and senior management, while current executives' shares remain restricted - A total of 131,689 shares were released from restrictions in the current period, with 18,985,598 restricted shares remaining at period-end17 - The release of restricted shares primarily involved former directors, supervisors, and senior management such as Xu Minhua and Zhang Guoan, whose shares were progressively unrestricted after their terms ended as per regulations1517 - Restricted shares held by current directors, supervisors, and senior management (e.g., Guo Jianguo, Qu Hua) remained unchanged during this period, and their share transfers will continue to comply with relevant laws and regulations15 Other Significant Matters Issuance of Shares to Specific Investors The company is advancing its 2023 simplified issuance of shares to specific investors, with a revised proposal disclosed in March 2024, pending review by the Shenzhen Stock Exchange and approval from the China Securities Regulatory Commission - On March 8, 2024, the company approved the 'Proposal on the Company's 2023 Simplified Issuance of Shares to Specific Investors (Revised Draft)'18 - The effectiveness and completion of this share issuance are subject to review by the Shenzhen Stock Exchange and registration approval by the China Securities Regulatory Commission18 Quarterly Financial Statements Financial Statements This section presents the company's unaudited Q1 2024 consolidated financial statements, including the balance sheet, income statement, and cash flow statement, comprehensively reflecting its financial position, operating results, and cash flows for the quarter Consolidated Balance Sheet As of March 31, 2024, total assets were CNY 681.33 million, a 5.63% decrease from the period-beginning, total liabilities were CNY 156.87 million (down 11.59%), and owners' equity attributable to the parent company was CNY 524.81 million (down 3.67%) Consolidated Balance Sheet Key Data (CNY) | Item | Period-end Balance | Period-beginning Balance | | :--- | :--- | :--- | | Total Assets | 681,325,696.81 | 721,936,739.67 | | Total Liabilities | 156,867,055.91 | 177,431,346.94 | | Total Owners' Equity Attributable to Parent Company | 524,810,370.20 | 544,831,692.35 | | Total Liabilities and Owners' Equity | 681,325,696.81 | 721,936,739.67 | Consolidated Income Statement In Q1 2024, the company reported operating revenue of CNY 13.32 million, a 30.83% year-over-year decrease, total operating costs of CNY 34.93 million, and a net loss attributable to parent company owners of CNY 20.04 million, widening by 27.33% from the prior period Consolidated Income Statement Key Data (CNY) | Item | Amount for Current Period | Amount for Prior Period | | :--- | :--- | :--- | | I. Total Operating Revenue | 13,321,754.87 | 19,259,097.38 | | II. Total Operating Costs | 34,929,283.79 | 38,119,597.49 | | III. Operating Profit (Loss indicated by "-") | -19,530,673.07 | -16,085,272.13 | | IV. Total Profit (Total Loss indicated by "-") | -19,444,857.97 | -15,645,744.65 | | 1. Net Profit Attributable to Parent Company Owners | -20,036,186.01 | -15,735,302.96 | Consolidated Cash Flow Statement In Q1 2024, net cash flow from operating activities significantly improved to -CNY 21.12 million from -CNY 41.93 million in the prior period, with net cash outflow from investing activities at CNY 3.76 million, net cash inflow from financing activities at CNY 4.26 million, and period-end cash and cash equivalents at CNY 58.35 million Consolidated Cash Flow Statement Key Data (CNY) | Item | Amount for Current Period | Amount for Prior Period | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -21,123,867.33 | -41,926,612.16 | | Net Cash Flow from Investing Activities | -3,756,216.73 | -1,480,930.11 | | Net Cash Flow from Financing Activities | 4,259,168.05 | 1,182,568.13 | | V. Net Increase in Cash and Cash Equivalents | -20,620,916.01 | -42,224,974.14 | | VI. Period-end Cash and Cash Equivalents Balance | 58,347,199.66 | 68,018,246.61 | Implementation of New Accounting Standards The company did not adjust its period-beginning financial statements in Q1 2024 due to the initial adoption of new accounting standards - The company is not required to adjust relevant items in its 2024 period-beginning financial statements31 Audit Report The company's Q1 2024 report is unaudited - The company's first quarter report is unaudited31