Joyware(SZ:300270)2024-04-28 07:55Financial Performance - The company's revenue for Q1 2024 was ¥28,427,962.97, a decrease of 21.53% compared to ¥34,229,430.41 in the same period last year[4] - The net profit attributable to shareholders was -¥2,882,043.57, reflecting a significant decline of 168,573.72% from a profit of ¥344,817.50 in the previous year[4] - The basic and diluted earnings per share were both -¥0.0096, a decrease of 9,500.00% from ¥0.0012 in the same quarter last year[4] - Net loss for Q1 2024 was ¥4,224,143.97, compared to a net loss of ¥1,488,082.38 in Q1 2023, indicating a significant increase in losses[31] - The company reported a total comprehensive loss of ¥4,224,151.94 for Q1 2024, compared to a loss of ¥1,480,138.08 in the same period last year[31] Cash Flow and Liquidity - The cash flow from operating activities increased by 314.54% to ¥10,670,207.30, compared to ¥2,616,800.80 in Q1 2023[4] - The net cash flow from operating activities for the current period is $10,670,207.30, a significant increase from $2,574,007.86 in the previous period, reflecting a strong operational performance[33] - Total cash inflow from operating activities reached $110,159,592.92, compared to $94,696,981.38 in the prior period, indicating a growth of approximately 16.3%[33] - Cash outflow from operating activities was $99,489,385.62, up from $92,122,973.52, resulting in a 7.9% increase[33] - The ending cash and cash equivalents balance decreased to $76,658,701.14 from $126,619,419.54, reflecting a reduction of approximately 39.5%[34] - The company received $42,294,915.94 in other operating cash, a substantial increase from $9,718,841.77 in the previous period, showing improved cash management[33] - The company paid $18,340,158.99 to employees, which is a significant increase from $11,017,271.75, indicating a focus on workforce investment[33] - The cash received from tax refunds was $1,888,740.17, compared to $237,676.56 in the previous period, highlighting improved tax recovery efforts[33] Assets and Liabilities - Total assets at the end of the reporting period were ¥953,858,548.23, down 1.69% from ¥970,224,048.25 at the end of the previous year[4] - Total liabilities decreased to ¥285,380,038.24 from ¥308,434,294.92 in the previous year[28] - The company's accounts receivable decreased to ¥332,669,123.26 from ¥346,778,621.80, indicating a reduction of approximately 4.2%[26] - The company has a long-term receivable balance of ¥57,633,372.99, down from ¥62,876,471.30, showing a decrease of about 8.5%[26] - Deferred tax assets amounted to ¥56,337,342.70, slightly down from ¥57,884,743.94 in the previous year[28] Shareholder Information - The total number of common shareholders at the end of the reporting period is 26,541[12] - The largest shareholder, Shi Xugang, holds 19.96% of shares, totaling 60,426,374 shares, with 45,319,780 shares pledged[12] - The second-largest shareholder, Xinxiang Investment Fund No. 1, holds 19.01% of shares, totaling 57,562,394 shares[12] - The total number of restricted shares at the end of the period is 46,342,555 shares, with 244,425 shares released during the period[14] - The company has a control change agreement in place, with Shi Xugang transferring 24,224,500 shares (8.00% of total shares) to Xinxiang Investment Fund No. 1[15] - The voting rights of 42,392,844 shares (14.00% of total shares) have been entrusted to Xinxiang Investment Fund No. 1[15] - The company plans to issue up to 90,841,800 shares to Xinxiang Investment Fund No. 1 in a private placement[15] - The company has received a notice from the Shenzhen Stock Exchange regarding the acceptance of its application for a private placement[17] - The total number of shares held by the top ten shareholders is significant, with the largest shareholder holding nearly 20%[12] - The company has not disclosed any relationships or concerted actions among the top shareholders[12] Operational Changes and Strategies - The company reported a 50.36% increase in contract liabilities, indicating a rise in advance payments received[8] - The company experienced a 289.85% increase in asset impairment losses due to increased inventory write-downs[10] - The company’s financial expenses rose by 53.22% primarily due to decreased interest income[10] - The company reported a net cash outflow from financing activities of -¥9,257,100, indicating a shift in financing strategy[10] - The company is in the process of a debt restructuring agreement with the Hohhot Yuyuan District Housing and Urban-Rural Development Bureau, with a repayment plan extending to June 2025[23] - As of the latest report, the company has received ¥1,651,000 in repayments related to its debt restructuring[24] - The company has not yet disposed of its idle properties as of the latest announcement[22] Research and Development - Research and development expenses rose to ¥7,457,810.36 in Q1 2024, up from ¥5,878,883.10 in Q1 2023, reflecting a 26.8% increase[29] Audit and Compliance - The company has not yet audited the first quarter report, which may impact the reliability of the financial data presented[35]