GLCC(SH:600234)2024-04-28 07:36Financial Performance - The company's operating revenue for Q1 2024 was CNY 3,760,514.75, representing a decrease of 67.20% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was a loss of CNY 7,348,741.69, with basic earnings per share at -CNY 0.03[5][6]. - The net cash flow from operating activities was -CNY 11,661,866.73, reflecting a decline of 258.70% year-on-year[5][8]. - Total operating revenue for Q1 2024 was CNY 3,760,514.75, a decrease of 67.2% compared to CNY 11,463,696.20 in Q1 2023[20]. - Net loss for Q1 2024 was CNY 7,348,712.93, compared to a net loss of CNY 5,021,711.57 in Q1 2023, representing a 46.2% increase in losses[21]. - The company's total assets decreased to CNY 661,898,731.95 in Q1 2024 from CNY 666,389,586.94 in Q1 2023[17]. - Total liabilities increased to CNY 222,796,731.87 in Q1 2024 from CNY 219,938,873.93 in Q1 2023[17]. - Basic and diluted earnings per share for Q1 2024 were both CNY -0.03, compared to CNY -0.02 in Q1 2023[22]. - The company reported a financial expense of CNY -176,081.92 in Q1 2024, an improvement from CNY -284,775.46 in Q1 2023[21]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 661,898,731.95, a decrease of 0.67% from the end of the previous year[6]. - The company's equity attributable to shareholders decreased by 1.71% to CNY 421,590,110.15 compared to the end of the previous year[6]. - The total current assets decreased slightly to ¥228,327,585.69 from ¥231,751,860.33[15]. - The total assets as of March 31, 2024, amounted to 628,257,353.53 RMB, a decrease from 631,880,124.98 RMB as of December 31, 2023[28]. - The total liabilities decreased from 128,467,416.26 RMB to 123,273,201.65 RMB during the same period[30]. Cash Flow - The company's cash and cash equivalents as of March 31, 2024, amount to ¥59,899,681.10, a decrease from ¥72,110,642.19 as of December 31, 2023[15]. - The net cash flow from operating activities for Q1 2024 was -11,661,866.73 RMB, compared to a positive cash flow of 7,348,531.20 RMB in Q1 2023[25]. - Total cash inflow from operating activities was 282,229,508.75 RMB, while cash outflow was 293,891,375.48 RMB, resulting in a net cash outflow of 11,661,866.73 RMB[25]. - The company's cash and cash equivalents at the end of Q1 2024 were 58,643,330.26 RMB, down from 122,475,592.39 RMB at the end of Q1 2023[26]. - The cash inflow from operating activities decreased from ¥42,327,925.12 in Q1 2023 to ¥26,612,069.04 in Q1 2024[35]. Operational Challenges - The company is facing challenges in its main business of decoration and renovation, with fewer orders and underperformance in the newly added internet advertising marketing business[13]. - The board and management are actively taking measures to mitigate current risks[13]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 20,459[11]. - The largest shareholder, Shenzhen Kexin Industrial Holdings Co., Ltd., holds 60,075,093 shares, representing 22.88% of total shares, all of which are pledged[11]. Research and Development - Research and development expenses increased by 100%, indicating a renewed focus on project development[8]. - Research and development expenses for Q1 2024 were CNY 880,534.23, with no prior year data available for comparison[21].