清越科技(688496) - 2024 Q1 - 季度财报

Financial Performance - Revenue for Q1 2024 was CNY 163,897,012.75, a decrease of 32.00% compared to the same period last year[5]. - Net profit attributable to shareholders was a loss of CNY 8,002,875.66, representing a decline of 290.45% year-on-year[5]. - Basic and diluted earnings per share were both CNY -0.0178, down 291.40% from the previous year[6]. - Total operating revenue for Q1 2024 was CNY 163,897,012.75, a decrease of 32.0% compared to CNY 241,035,672.57 in Q1 2023[19]. - Net loss for Q1 2024 was CNY 14,117,539.52, compared to a net loss of CNY 447,003.24 in Q1 2023, representing a significant increase in losses[20]. - Basic and diluted earnings per share for Q1 2024 were both CNY -0.0178, compared to CNY 0.0093 in Q1 2023[21]. Cash Flow - The net cash flow from operating activities was CNY -52,615,462.90, indicating a significant cash outflow[6]. - The company's cash flow from operating activities was CNY 136,016,542.44 in Q1 2024, down 26.6% from CNY 185,147,509.81 in Q1 2023[23]. - The net cash flow from operating activities was -$52.62 million, compared to -$151.12 million in the previous year, indicating an improvement of 65.2%[24]. - The company reported a total cash outflow from operating activities of $188.63 million, compared to $336.26 million in the previous year, reflecting a decrease of 44%[24]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,116,553,016.07, up 4.68% from the end of the previous year[6]. - The total liabilities increased to CNY 867,819,802.49 in Q1 2024 from CNY 759,107,369.88 in Q1 2023, reflecting a growth of 14.3%[20]. - Shareholders' equity attributable to shareholders was CNY 1,098,700,857.44, a decrease of 2.50% compared to the previous year[6]. - The total equity attributable to shareholders was CNY 1,098,700,857.44 in Q1 2024, down from CNY 1,126,897,336.40 in Q1 2023, indicating a decrease of 2.5%[20]. Investments - The company reported a significant investment loss of CNY 8.48 million from Zaozhuang Ruino Investment in Q1[9]. - The company reported an investment loss of CNY 7,306,708.02 in Q1 2024, compared to a loss of CNY 240,211.52 in Q1 2023[19]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 7,746[11]. - The company reported a total of 4,366,812 shares held by the largest shareholder, accounting for approximately 0.97% of total shares[12]. - The top ten shareholders collectively hold significant stakes, with FAITH CROWN INTERNATIONAL LIMITED holding 87,552,000 shares, representing a substantial portion of the company's equity[12]. Research and Development - Research and development expenses totaled CNY 17,365,618.32, accounting for 10.60% of revenue, an increase of 1.37 percentage points[6]. - Research and development expenses for Q1 2024 were CNY 17,365,618.32, a decrease of 21.9% from CNY 22,239,268.07 in Q1 2023[19]. Current Assets - The total current assets as of March 31, 2024, amounted to RMB 1,220,180,972.07, an increase from RMB 1,123,976,746.16 as of December 31, 2023, reflecting a growth of approximately 8.6%[15]. - Cash and cash equivalents decreased to RMB 327,139,661.76 from RMB 429,120,838.81, representing a decline of about 23.7%[15]. - The trading financial assets increased significantly to RMB 160,182,000.00 from RMB 75,087,602.74, marking an increase of approximately 113.4%[15]. - Accounts receivable rose to RMB 163,409,982.28 from RMB 158,921,462.55, indicating a growth of about 2.9%[15]. - Inventory increased to RMB 457,203,210.14 from RMB 390,998,858.09, which is an increase of approximately 16.9%[15]. Cash Flow from Activities - Cash inflow from investment activities totaled $2.57 billion, significantly up from $496.08 million year-over-year[24]. - The net cash flow from investment activities was -$100.96 million, an improvement from -$328.86 million in the same period last year[24]. - Cash inflow from financing activities was $59.65 million, compared to $24.78 million in the previous year, showing an increase of 140.6%[25]. - The net cash flow from financing activities was $52.30 million, a turnaround from -$188.22 million year-over-year[25]. - The total cash and cash equivalents at the end of the period were $325.18 million, down from $897.02 million at the beginning of the year[25]. Other Financial Metrics - Non-recurring gains and losses amounted to CNY 2,610,376.66, primarily from government subsidies and other income[8]. - The company paid $30.55 million in employee-related cash payments, a decrease from $45.16 million year-over-year[24]. - The company incurred $2.75 million in tax payments, down from $7.07 million in the previous year, indicating a reduction of 61.2%[24]. - The company experienced a foreign exchange impact of -$706,699.40 on cash and cash equivalents[25].