立航科技(603261) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 12,470,281, representing a decrease of 48.56% compared to the same period last year[3]. - The net profit attributable to shareholders was a loss of CNY 10,274,130.94, down 84.11% year-on-year[3]. - The basic and diluted earnings per share were both -CNY 0.13, reflecting a decline of 85.71% compared to the same period last year[3]. - Total operating revenue for Q1 2024 was CNY 12,470,281, a decrease of 48.5% compared to CNY 24,243,085.85 in Q1 2023[18]. - Net profit for Q1 2024 was a loss of CNY 10,274,130.94, compared to a loss of CNY 5,580,411.15 in Q1 2023, indicating a worsening of 84.5%[19]. - Total comprehensive income attributable to the parent company was -10,274,130.94 CNY, compared to -5,580,411.15 CNY in the same period last year[20]. - Basic and diluted earnings per share were both -0.13 CNY, compared to -0.07 CNY in the previous year[20]. Cash Flow and Liquidity - The net cash flow from operating activities was a negative CNY 47,167,114.82, but improved by 55.4% compared to the previous period[3]. - Cash inflow from operating activities was 57,423,561.05 CNY, significantly up from 25,450,314.03 CNY year-over-year[21]. - Cash outflow from operating activities totaled 104,590,675.87 CNY, down from 131,203,744.87 CNY in the previous year[23]. - The company’s cash flow from operating activities remains a critical area for future improvement as indicated by the significant net losses reported[19]. - The ending cash and cash equivalents balance was 126,589,349.00 CNY, down from 217,472,481.21 CNY year-over-year[23]. - Cash flow from investing activities resulted in a net outflow of -14,778,133.46 CNY, compared to -18,086,604.30 CNY in the same period last year[23]. - Cash flow from financing activities generated a net inflow of 785,476.56 CNY, down from 2,884,493.86 CNY in the previous year[23]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,045,854,890.06, a decrease of 4.25% from the end of the previous year[4]. - Total assets as of March 31, 2024, were CNY 1,045,854,890.06, down from CNY 1,092,240,664.16 at the end of 2023, a decrease of 4.2%[15]. - Total liabilities decreased to CNY 239,734,586.89 from CNY 276,148,510.08, a decline of 13.2%[15]. - Cash and cash equivalents decreased to CNY 128,286,604.19 as of March 31, 2024, from CNY 189,021,793.00 at the end of 2023, a decline of 32.1%[13]. - Accounts receivable decreased to CNY 290,914,911.36 from CNY 324,478,981.26, a reduction of 10.3%[13]. - Inventory increased to CNY 191,480,607.14 from CNY 157,733,288.25, an increase of 21.4%[13]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 24,142[9]. - Major shareholder Liu Suiyang holds 63.02% of the shares, amounting to 49,355,164 shares[9]. Operational Insights - The decline in revenue and profit was primarily attributed to longer product production cycles, which delayed delivery[7]. - The company reported non-recurring gains and losses totaling CNY 917,670.69 for the period[6]. - The company reported R&D expenses of CNY 2,433,305.33 for Q1 2024, down from CNY 3,027,290.41 in Q1 2023, a decrease of 19.7%[19]. - The company did not report any net profit from subsidiaries prior to consolidation during the period[20]. - The company is not applying new accounting standards for the first time in 2024[24]. Return on Equity - The weighted average return on equity was -1.26%, a decrease of 0.62 percentage points year-on-year[3].