银宝山新(002786) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥531,214,200.42, a decrease of 11.97% compared to ¥603,440,173.24 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥28,298,189.13, an improvement of 43.59% from a loss of ¥50,166,434.86 in the previous year[5] - The net cash flow from operating activities was negative at ¥27,930,431.86, a decline of 169.05% compared to a positive cash flow of ¥40,451,567.45 in the same period last year[5] - Total operating revenue for Q1 2024 was ¥531,214,200.42, a decrease of 11.97% from ¥603,440,173.24 in the same period last year[20] - Total operating costs for Q1 2024 were ¥570,870,702.14, down from ¥653,030,766.47, reflecting a reduction of 12.59%[20] - Operating profit for Q1 2024 was -28,873,871.27 CNY, a significant reduction from -51,484,993.05 CNY in the same period last year[21] - The company reported a net loss of ¥731,211,455.80, compared to a loss of ¥702,913,266.67 in the previous year[18] - The net profit for Q1 2024 was -29,308,291.25 CNY, compared to -51,772,912.54 CNY in Q1 2023, showing an improvement of approximately 43.5% year-over-year[21] - Total comprehensive income for Q1 2024 was -29,885,710.42 CNY, compared to -50,490,938.55 CNY in Q1 2023, indicating a year-over-year improvement of about 40.9%[22] Assets and Liabilities - Total assets decreased by 3.75% to ¥3,964,125,543.37 from ¥4,118,498,547.38 at the end of the previous year[5] - Total current assets decreased to ¥1,655,235,801.58 from ¥1,765,049,021.17, a decline of 6.23%[18] - Total non-current assets decreased to ¥2,308,889,741.79 from ¥2,353,449,526.21, a reduction of 1.89%[18] - Total liabilities decreased to ¥3,515,474,984.58 from ¥3,639,962,278.18, a decline of 3.42%[18] - Total equity attributable to shareholders decreased to ¥464,916,755.49 from ¥493,636,920.63, a decrease of 5.83%[18] Cash Flow and Investments - As of March 31, 2024, the company's cash and cash equivalents decreased to ¥95,013,657.16 from ¥119,608,260.57 at the beginning of the period, representing a decline of approximately 20.7%[16] - Cash and cash equivalents at the end of Q1 2024 were 46,363,112.84 CNY, slightly up from 44,549,987.18 CNY at the end of Q1 2023[24] - The company has ongoing investments in long-term equity, which increased to ¥6,605,382.00 from ¥4,457,167.72, reflecting a growth of 48.14%[18] - The total cash inflow from financing activities in Q1 2024 was 921,340,911.18 CNY, down from 1,144,349,576.77 CNY in Q1 2023[24] Shareholder and Corporate Actions - The number of ordinary shareholders at the end of the reporting period was 91,881[11] - The company disclosed that major shareholders reduced their holdings by more than 1% as of January 10, 2024, indicating potential shifts in shareholder confidence[13] - The company has engaged in multiple related party transactions regarding loans, with updates provided on January 10, January 16, and February 23, 2024[13] - The company has no significant changes in the financing and securities lending activities of its top shareholders[12] - The company reported no significant changes in the participation of its top shareholders in margin trading and securities lending activities[12] Operational Changes and Strategy - The company established a new subsidiary in Huizhou, which received its business license on March 27, 2024, to support its expansion strategy[14] - The company decided to deregister its third factory in Shenzhen as of March 1, 2024, to streamline operations[14] - The company announced a change in the business scope of its wholly-owned subsidiary, enhancing its capabilities in semiconductor device manufacturing and automotive parts development[14] - The company is focused on technological advancements and market expansion strategies[26] - Future outlook includes potential new product launches and research developments[26] - The company aims to enhance its competitive position in the market through strategic initiatives[26] - The company is exploring opportunities for mergers and acquisitions to drive growth[26] Performance Monitoring and Reporting - The board of directors is actively monitoring performance metrics and user data[26] - Financial performance indicators will be closely evaluated in upcoming reports[26] - The company is committed to transparency in its financial disclosures[26] - There is an emphasis on aligning business strategies with market trends[26] Other Income and Expenses - The company reported a significant increase in investment income, which rose by 1954.38% to ¥5,908,054.71 from a loss of ¥318,600.22 in the previous year[9] - Other income increased by 70.48% to ¥4,364,177.03 compared to ¥2,559,907.21 in the same period last year[9] - The company reported a significant increase in non-operating income, which rose by 3952.99% to ¥1,815,163.15 from ¥44,785.74 in the previous year[9] - Research and development expenses decreased to 26,623,642.39 CNY in Q1 2024 from 33,968,333.97 CNY in Q1 2023, a reduction of approximately 21.6%[21] - The company incurred financial expenses of 26,238,398.50 CNY in Q1 2024, an increase from 24,667,668.10 CNY in Q1 2023[21] Reporting and Audit - The first quarter report of Shenzhen YB Technology Co., Ltd. is unaudited[26] - The report was released on April 26, 2024[26]