*ST美尚(300495) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥784,764.09, a decrease of 95.47% compared to ¥17,306,840.08 in the same period last year[7] - The net loss attributable to shareholders was ¥169,762,954.02, representing a 92.76% increase in loss from ¥88,069,096.76 year-on-year[7] - The basic and diluted earnings per share were both -¥0.2518, a decrease of 92.80% from -¥0.1306 in the same period last year[7] - Net loss for Q1 2024 was CNY 170,163,630.50, compared to a net loss of CNY 88,694,681.30 in Q1 2023, indicating a worsening of 92%[23] - The company reported a total comprehensive loss of CNY -170,310,935.61 for Q1 2024, compared to CNY -88,661,223.91 in Q1 2023, reflecting an increase of 92%[24] Cash Flow and Assets - The net cash flow from operating activities was -¥13,009,073.85, a decline of 847.94% compared to -¥1,372,345.15 in the previous year[7] - Cash flow from operating activities showed a net outflow of CNY 13,009,073.85, compared to a smaller outflow of CNY 1,372,345.15 in the previous year[25] - The net cash flow from investing activities was -17,916.96, indicating a significant outflow compared to the previous period's -275,800.00[26] - The net cash flow from financing activities was 2,800,000.00, with no cash outflows recorded for debt repayment or dividend distribution[26] - The ending balance of cash and cash equivalents stood at 13,234,046.37, down from 26,259,504.59 at the beginning of the period[26] Liabilities and Equity - The equity attributable to shareholders was -¥24,417,416.33, a decrease of 116.78% from ¥145,492,842.80 at the end of the previous year[7] - The company's total liabilities increased to CNY 3,922,394,693.24 from CNY 3,802,911,529.00, representing an increase of 3.1%[21] - The total current liabilities increased to RMB 3,114,233,589.64 from RMB 3,069,304,272.01 at the beginning of the period[20] - The company's long-term liabilities rose to RMB 808,161,103.60 from RMB 733,607,256.99[20] Operating Expenses and Impairments - The company reported a significant increase in operating expenses, with operating expenses reaching ¥78,435,589.47, up 364.21% from ¥16,896,705.89 in the previous year[9] - The company experienced a 514.99% increase in credit impairment losses, amounting to -¥15,329,863.57 compared to -¥2,492,717.55 in the same period last year[9] - The financial asset impairment loss was CNY -15,329,863.57, compared to CNY -2,492,717.55 in the previous year, showing an increase in impairment losses[23] Shareholder Information and Market Risks - The total number of ordinary shareholders at the end of the reporting period was 21,002[11] - The company's net profit attributable to shareholders for the fiscal year 2023 was negative, with operating revenue falling below RMB 100 million, triggering a delisting risk warning[15] - As of April 26, 2024, the company's stock price has been below RMB 1 for fifteen consecutive trading days, posing a risk of termination of listing due to price below par value[16] - The company received a notice of investigation from the China Securities Regulatory Commission for suspected violations of information disclosure laws[16] Asset Overview - Total assets at the end of the reporting period were ¥3,903,660,506.69, down 1.29% from ¥3,954,488,278.06 at the end of the previous year[7] - Current assets totaled RMB 1,730,615,193.52, down from RMB 1,785,417,214.05 at the beginning of the period[19] - Cash and cash equivalents decreased from RMB 28,589,280.23 to RMB 14,905,270.24[19] - Accounts receivable decreased from RMB 619,235,031.77 to RMB 582,829,381.84[19] Management Outlook - Management indicated a focus on cost reduction strategies and potential market expansion in future quarters[22]