Financial Performance - The company's revenue for Q1 2024 was ¥240,606,647.15, a decrease of 38.42% compared to ¥390,742,547.86 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥3,688,241.86, representing a decline of 119.91% from a profit of ¥18,523,771.86 in the previous year[5] - The net cash flow from operating activities was -¥67,451,156.85, a decrease of 128.78% compared to -¥29,483,473.92 in the same period last year[5] - The basic and diluted earnings per share were both -¥0.02, down 114.29% from ¥0.14 in the previous year[5] - The net loss for Q1 2024 was CNY 3.87 million, compared to a profit in the same period last year[15] - The company reported a significant increase in research and development expenses to CNY 6.46 million, compared to CNY 7.66 million in the previous year[15] - The company reported a total comprehensive income of -3,688,241.86 CNY for the first quarter, compared to 18,523,771.86 CNY in the previous year[16] Cash Flow and Liquidity - Cash and cash equivalents decreased to CNY 259.03 million from CNY 352.06 million at the beginning of the period, a decline of 26.5%[12] - The cash and cash equivalents at the end of the period were 251,823,968.62 CNY, down from 431,104,090.32 CNY at the end of the previous year, a decrease of approximately 42%[19] - Operating cash flow for the first quarter was -67,451,156.85 CNY, compared to -29,483,473.92 CNY in the previous year, indicating worsening cash flow performance[18] - The company generated cash inflows from investment activities of 4,726,376.00 CNY, while cash outflows for investment activities were 31,666,784.73 CNY, resulting in a net cash outflow of -26,940,408.73 CNY[18] - The financing activities resulted in a net cash outflow of -795,519.83 CNY, compared to a net inflow of 343,290,448.07 CNY in the previous year[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,017,126,300.83, a decrease of 2.77% from ¥1,046,090,038.37 at the end of the previous year[5] - Total assets decreased to CNY 1.02 billion from CNY 1.05 billion, a decline of 2.9%[14] - Total liabilities decreased to CNY 160.55 million from CNY 185.83 million, a decline of 13.6%[13] - The equity attributable to shareholders decreased to CNY 856.57 million from CNY 860.26 million, a decline of 0.3%[14] Operational Efficiency - Operating costs decreased by 34.80% compared to the same period last year, attributed to market competition factors[9] - The total operating revenue for Q1 2024 was CNY 240.61 million, a decrease of 38.5% compared to CNY 390.74 million in the same period last year[15] - The total operating costs for Q1 2024 were CNY 243.48 million, down 34.9% from CNY 373.09 million year-on-year[15] - The company incurred total operating expenses of 276,668,474.85 CNY, compared to 397,911,865.51 CNY in the previous year, showing a reduction in expenses by about 30%[18] Accounts Receivable and Inventory - Accounts receivable increased by 118.29% compared to the end of the previous year, primarily due to increased customer credit to expand the market[9] - Accounts receivable increased significantly to CNY 59.99 million, up 118.5% from CNY 27.48 million at the beginning of the period[12] - Inventory increased to CNY 155.23 million, up 4.5% from CNY 148.38 million at the beginning of the period[12] Return on Equity - The weighted average return on equity was -0.43%, down 3.34% from 2.91% in the previous year[5]
播恩集团(001366) - 2024 Q1 - 季度财报