ST高升(000971) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥105,635,965.24, a decrease of 5.62% compared to ¥111,925,780.94 in the same period last year[5] - The net loss attributable to shareholders was ¥34,495,901.89, representing a 51.57% improvement from a loss of ¥71,233,657.55 in the previous year[5] - The basic and diluted earnings per share improved to -¥0.03, a 57.14% reduction in loss compared to -¥0.07 in the same period last year[5] - Total operating revenue for Q1 2024 was CNY 105,635,965.24, a decrease of 5.8% compared to CNY 111,925,780.94 in the previous year[21] - Net loss for Q1 2024 was CNY 35,183,067.40, an improvement from a net loss of CNY 71,412,520.17 in the same period last year[22] Cash Flow and Investments - The net cash flow from operating activities decreased by 45.94% to ¥14,969,915.95, down from ¥27,691,564.74 year-on-year[5] - The net cash flow from investing activities is -¥731,391.59, an improvement from -¥1,622,947.93 in the previous period[26] - The company did not engage in any asset investments during the reporting period, resulting in a net cash outflow from investing activities of -¥731,391.59, a decrease of 891,556.34 year-on-year[9] - Total cash inflow from operating activities is ¥144,644,918.04, down 22.7% from ¥187,257,468.75 in the previous period[24] - Cash outflow from operating activities is ¥129,675,002.09, a decrease of 18.7% compared to ¥159,565,904.01 in the previous period[24] Assets and Liabilities - Total assets increased by 1.12% to ¥936,365,537.23 from ¥926,002,112.65 at the end of the previous year[5] - Total liabilities rose to CNY 990,011,018.29, up from CNY 944,464,526.31, indicating an increase of 4.8%[19] - The company's equity attributable to shareholders decreased to -¥65,753,934.14, a decline of 110.36% from -¥31,258,032.25 at the end of the previous year[5] - The company's total assets increased to CNY 936,365,537.23 from CNY 926,002,112.65, showing a growth of 1.5%[19] Employee and Compensation - The company reported a significant increase in employee compensation liabilities, which rose by 38.38% to ¥27,773,726.02 due to accrued but unpaid wages[9] - The company paid ¥22,610,181.05 to employees, a decrease of 31.6% from ¥33,088,042.32 in the previous period[24] Credit and Impairment - The company recorded a credit impairment loss of ¥5,877,547.28, an increase of 4,598,559.94 compared to the previous year, attributed to aging accounts receivable[9] - The company reported a credit impairment loss of CNY -5,877,547.28, worsening from CNY -1,278,987.34 in the previous year[22] Future Outlook and Risks - The company has no new strategies or product developments reported in this quarter[9] - The company is under risk warning for potential delisting due to its financial condition[15] - The company plans to apply for a bank loan of up to RMB 70 million to support its working capital needs[14] - The board approved guarantees for subsidiaries to support the company's bank loan applications, with a maximum guarantee amount of RMB 100 million[14] Current Assets - As of March 31, 2024, the total current assets amounted to approximately RMB 781.97 million, an increase from RMB 764.76 million at the beginning of the period[17] - The company's cash and cash equivalents increased to RMB 72.84 million from RMB 63.31 million[17] - Accounts receivable decreased to RMB 223.74 million from RMB 238.91 million[17] - Inventory increased significantly to RMB 233.29 million from RMB 201.33 million, indicating potential growth in sales or production[17] Accounting and Auditing - The company has not yet audited the first quarter report for 2024[27] - The company is implementing new accounting standards starting in 2024[27]