Financial Performance - The company's operating revenue for the first quarter was CNY 13,143,998.29, a decrease of 72.83% compared to the same period last year[2]. - The net profit attributable to shareholders was a loss of CNY 91,204,404.13, representing a decline of 136.07% year-on-year[5]. - Total revenue for Q1 2024 was CNY 13,143,998.29, a decrease of 72.8% compared to CNY 48,373,299.34 in Q1 2023[16]. - Operating profit for Q1 2024 was CNY -109,580,956.01, compared to CNY -53,783,857.28 in Q1 2023, indicating a worsening performance[17]. - Net loss for Q1 2024 was CNY -105,373,005.48, compared to a net loss of CNY -47,747,711.58 in Q1 2023, reflecting increased financial challenges[19]. - The company’s total comprehensive loss attributable to shareholders for Q1 2024 was CNY -105,373,005.48, compared to CNY -47,747,711.58 in Q1 2023, indicating a significant increase in overall losses[19]. Cash Flow - The net cash flow from operating activities was a negative CNY 79,890,325.92, showing a slight improvement from a negative CNY 94,301,140.70 in the same period last year[2]. - In Q1 2024, cash received from sales and services was ¥56,852,221.69, a decrease of 30.9% compared to ¥82,351,683.82 in Q1 2023[20]. - The company reported a total cash outflow from operating activities of ¥169,344,205.85 in Q1 2024, compared to ¥189,924,827.47 in Q1 2023[20]. - Cash inflow from investment activities in Q1 2024 was ¥2,606,273.98, significantly lower than ¥65,486,938.81 in Q1 2023[21]. - The net cash flow from investment activities in Q1 2024 was -¥22,967,355.31, compared to -¥30,125,994.96 in Q1 2023[21]. - Cash inflow from financing activities in Q1 2024 was ¥189,298,575.89, down from ¥1,037,511,882.98 in Q1 2023[22]. - The net cash flow from financing activities in Q1 2024 was ¥92,109,964.38, a decrease from ¥968,639,010.54 in Q1 2023[22]. - The ending balance of cash and cash equivalents as of Q1 2024 was ¥581,795,133.25, down from ¥1,476,800,569.91 in Q1 2023[23]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,966,062,697.71, a slight increase of 0.41% from the previous year[2]. - Total liabilities as of March 31, 2024, amounted to CNY 1,663,344,163.47, an increase from CNY 1,538,577,927.24 as of December 31, 2023[15]. - Current liabilities totaled CNY 1,454,305,780.63 as of March 31, 2024, up from CNY 1,322,112,247.94 at the end of 2023, indicating rising short-term financial obligations[14]. - The company's total current assets as of March 31, 2024, amount to RMB 3,379,855,422.14, an increase from RMB 3,341,036,086.57 as of December 31, 2023, representing a growth of approximately 1.15%[12]. - The company's total non-current assets as of March 31, 2024, are RMB 1,586,207,275.57, down from RMB 1,604,684,689.67, indicating a decrease of about 1.15%[13]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,265[6]. - The total number of shareholders for the company's common stock is 15,265, with 15,253 being A-share holders and 12 being H-share holders[9]. - The largest shareholder, Zhang Guoqiang, holds 26,031,764 shares, representing 15.73% of the total shares[7]. - HKSCC Nominees Limited holds 25,617,830 shares, accounting for 15.48% of the total shares, with no restrictions on these shares[8]. - There are no significant changes in the shareholding structure of the top 10 shareholders compared to the previous period[9]. Research and Development - The R&D investment totaled CNY 32,978,569.27, accounting for 250.90% of operating revenue, an increase of 170.01% compared to the previous year[2]. - Research and development expenses for Q1 2024 were CNY 23,397,306.09, slightly up from CNY 23,278,091.00 in Q1 2023, showing continued investment in innovation[16]. Earnings Per Share - The basic and diluted earnings per share were both -0.55, compared to -0.35 in the same period last year[2]. - The company reported a basic and diluted earnings per share of CNY -0.55 for Q1 2024, compared to CNY -0.24 in Q1 2023, indicating a decline in profitability per share[19]. Financial Costs - The company’s financial costs in Q1 2024 included interest expenses of CNY 6,005,675.45, significantly higher than CNY 2,805,814.57 in Q1 2023, reflecting increased borrowing costs[16]. Revenue Volatility - The company experienced significant revenue volatility due to its position in the fuel cell industry, which is still in the early stages of industrialization[5].
亿华通(02402) - 2024 Q1 - 季度业绩