世龙实业(002748) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥468,135,679.60, a decrease of 10.72% compared to ¥524,316,495.07 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥9,966,382.82, representing a decline of 164.71% from a profit of ¥15,402,652.97 in the previous year[4] - The gross profit margin decreased significantly, leading to a 165.71% decline in total profit to -¥10,412,485.08 from ¥15,845,567.51 in the previous year[12] - Total operating revenue for Q1 2024 was CNY 468.14 million, a decrease of 10.7% compared to CNY 524.32 million in Q1 2023[25] - Net profit for Q1 2024 was a loss of CNY 9.97 million, compared to a profit of CNY 12.15 million in Q1 2023, representing a significant decline[26] - The company reported a total comprehensive loss of CNY 9.97 million for Q1 2024, compared to a comprehensive income of CNY 12.15 million in Q1 2023[27] Cash Flow - The net cash flow from operating activities was -¥20,355,353.20, a significant decrease of 181.51% compared to ¥24,973,277.79 in the same period last year[4] - Cash received from sales of goods and services in Q1 2024 was CNY 216.83 million, down from CNY 246.59 million in Q1 2023, a decline of 12.1%[29] - The total cash inflow from financing activities was 100,000,000.00 CNY, up from 39,900,000.00 CNY in the same quarter last year, reflecting increased borrowing[31] - The net cash flow from financing activities was 45,129,789.92 CNY, compared to 5,003,816.29 CNY in the previous year, showing improved financial management[31] - The total cash outflow from operating activities was 238,683,395.55 CNY, compared to 223,338,448.41 CNY in the previous year, indicating higher operational costs[30] - The net cash flow from investing activities was -22,298,217.96 CNY, worsening from -13,040,279.03 CNY in the same quarter last year[31] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,190,270,423.78, down 3.06% from ¥2,259,298,113.62 at the end of the previous year[5] - The company's total liabilities decreased to CNY 856.79 million in Q1 2024 from CNY 916.58 million in Q1 2023, a reduction of approximately 6.5%[24] - Current liabilities totaled CNY 802.00 million in Q1 2024, down from CNY 864.14 million in Q1 2023, indicating a decrease of about 7.2%[24] - Total current assets decreased from 937,478,133.77 CNY to 887,165,432.93 CNY, a decline of approximately 5.36%[22] - Total assets decreased from 2,259,298,113.62 CNY to 2,190,270,423.78 CNY, a reduction of approximately 3.06%[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 18,249[16] - The largest shareholder, Jiangxi Dalong Industrial Co., Ltd., holds 37.55% of shares, totaling 90,115,000 shares[16] Research and Development - Research and development expenses decreased by 38.70% to ¥13,463,810.66 from ¥21,964,989.70 in the previous year, mainly due to reduced material and maintenance costs[12] - Research and development expenses for Q1 2024 were CNY 13.46 million, a decrease of 38.7% from CNY 21.96 million in Q1 2023[26] Regulatory and Governance - The company received an administrative penalty notice from the China Securities Regulatory Commission for suspected false trade activities[19] - The company aims to enhance internal governance and improve information disclosure quality following the administrative penalty[19] Other Financial Metrics - The company recorded a 100.76% increase in taxes payable, which rose to ¥3,687,743.90 from ¥1,836,936.78, mainly due to an increase in VAT payable by subsidiaries[10] - The company experienced a 801.91% increase in net cash flow from financing activities, amounting to ¥45,129,789.92 compared to ¥5,003,816.29 in the same period last year, primarily due to increased working capital loans[14] - Cash and cash equivalents increased from 164,912,979.33 CNY to 168,639,262.11 CNY, an increase of about 1.37%[21] - The impact of exchange rate changes on cash and cash equivalents was 1,250,064.02 CNY, contrasting with -430,220.62 CNY in the previous year, reflecting favorable currency fluctuations[31]