ETI(SZ:002005)2024-04-26 17:44Financial Performance - The company's revenue for Q1 2024 was ¥152,910,422.53, a decrease of 13.70% compared to ¥177,192,582.67 in the same period last year[6] - The net profit for the first quarter of 2024 was -¥16,025,336.95, compared to -¥42,466,621.23 in the same period last year, showing an improvement of approximately 62.3%[22] - The net profit attributable to shareholders was a loss of ¥15,833,968.43, an improvement of 62.54% from a loss of ¥42,265,848.91 in the previous year[6] - The total comprehensive income for the first quarter was -¥10,169,371.71, compared to -¥70,275,642.01 in the previous year, marking a significant improvement[22] - Operating profit for the first quarter was -¥14,037,962.98, a decrease from -¥38,568,670.70 year-over-year, indicating a significant reduction in losses[22] - Total operating revenue for the first quarter was ¥152,910,422.53, a decrease of 13.67% compared to ¥177,192,582.67 in the previous period[20] - Total revenue from sales of goods and services was ¥199,902,121.07, down from ¥219,006,072.37 in the prior year, representing a decline of about 8.7%[23] Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥32,692,520.35, a 48.29% reduction in loss compared to -¥63,226,171.93 in the same period last year[6] - Cash flow from operating activities was -¥32,692,520.35, an improvement from -¥63,226,171.93 in the previous year, reflecting a 48.3% reduction in cash outflow[23] - The cash and cash equivalents at the end of the period were ¥168,571,321.59, down from ¥261,895,112.00 at the end of the previous year, reflecting a decrease of approximately 35.5%[24] - Cash and cash equivalents decreased to ¥222,290,408.21 from ¥268,364,657.08, a decline of 17.19%[17] - The cash flow impact from exchange rate changes improved by 106.42%, reaching ¥180,823.39, due to a decrease in foreign currency bank deposits and minimal exchange rate fluctuations[10] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,735,160,336.62, down 5.40% from ¥1,834,280,947.71 at the end of the previous year[6] - Total liabilities decreased to ¥1,198,859,651.87 from ¥1,284,980,687.95, a reduction of 6.71%[19] - Non-current assets totaled ¥1,194,089,289.39, down from ¥1,214,453,448.06, a decrease of 1.99%[18] - The company’s total equity attributable to shareholders decreased by 3.36% to ¥368,440,383.50 from ¥381,248,589.98 at the end of the previous year[6] Investment and Expenses - The company reported a significant increase in investment income, rising by 15,111.67% to ¥1,019,373.48 due to debt restructuring gains from a subsidiary[9] - Research and development expenses increased to ¥3,670,610.90 from ¥3,087,647.06, reflecting a growth of 18.87%[20] - The company reported a decrease in sales expenses by 64.01% to ¥4,683,735.69, attributed to reduced marketing costs in the domestic small appliance market[9] - The company reported an increase in cash paid for dividends and interest payments by 77.22% to ¥1,107,903.87, due to an increase in the scale of pledged and mortgaged loans[10] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 39,123[12] - The largest shareholder, Zhejiang Chengze Technology Co., Ltd., holds 22.64% of the shares, totaling 396,760,439 shares[12] - The company plans to acquire 100 million shares each from its subsidiaries, Bengbu High-tech and Bengbu Investment, pending approval from relevant state-owned asset authorities[15] Legal and Regulatory Matters - The company is currently involved in arbitration cases related to investment disputes, with claims amounting to ¥1 billion and ¥150 million, respectively[14] - The company has not undergone an audit for the first quarter report[25] Taxation - The company received tax refunds of ¥10,809,939.80, a 71.55% increase compared to ¥6,301,191.25 in the previous year[9] - The company recorded a tax expense of ¥3,802.90, compared to ¥919.13 in the previous year, indicating a slight increase in tax obligations[22]