YOOZOO(SZ:002174)2024-04-28 08:31Financial Performance - Total operating revenue for Q1 2024 was ¥334,992,747.75, a decrease of 29.3% compared to ¥473,871,237.13 in the previous period[29]. - Net profit for Q1 2024 was ¥17,186,242.41, a decline of 60.0% from ¥42,849,758.55 in the same period last year[30]. - The company's operating revenue for the current period is ¥334,992,747.75, a decrease of 29.31% compared to ¥473,871,237.13 in the same period last year[36]. - Net profit attributable to shareholders for the current period is ¥17,186,242.41, down 59.89% from ¥42,849,833.45 year-on-year[36]. - Basic earnings per share for Q1 2024 were ¥0.02, down from ¥0.05 in the previous period[31]. Cash Flow and Liquidity - Cash and cash equivalents at the end of Q1 2024 totaled ¥1,396,390,270.44, compared to ¥1,514,427,757.27 at the end of the previous period, a decrease of 7.8%[34]. - The net cash flow from operating activities improved to ¥8,523,994.93, a 109.32% increase from -¥91,421,569.35 in the previous year[40]. - The company reported a net cash inflow from financing activities of ¥108,639,539.68, significantly up from ¥12,904,561.60 in the previous period[34]. - The cash inflow from investment activities was CNY 14,535,581.37, a decrease from CNY 170,274,064.30 in the previous year[65]. - The cash received from tax refunds was CNY 7,047,314.17, down from CNY 14,812,286.15 in the previous year, indicating a decline of approximately 52.5%[65]. Assets and Liabilities - The total assets increased to ¥6,089,640,894.82 from ¥6,021,056,056.46, reflecting a growth of 1.1%[29]. - The company’s total liabilities increased to ¥6,089,640,894.82 from ¥6,021,056,056.46, indicating a rise of 1.1%[29]. - The total liabilities of Youzu Interactive Co., Ltd. increased to CNY 1,458,476,136.64, up from CNY 1,402,302,875.28 in the previous period, reflecting a growth of approximately 4.0%[52]. - The total non-current liabilities slightly decreased to CNY 706,579,828.56 from CNY 709,333,768.52, reflecting a decrease of about 0.4%[52]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 74,306, with the largest shareholder holding 11.72% of shares[20]. - The top ten shareholders include significant holdings by Shanghai Jiayou Enterprise Management Partnership and individual shareholders, with the largest holding being 107,331,792 shares[20]. - The company reported a total of 51,500,000 shares pledged by the largest shareholder[20]. - The total equity attributable to shareholders of the parent company increased to CNY 4,631,164,758.18, compared to CNY 4,618,753,181.18 in the previous period, marking a growth of approximately 0.3%[52]. Government Subsidies and Non-Operating Income - Government subsidies recognized in the current period totaled 405,428.38 RMB, mainly from other government grants excluding VAT refunds[5]. - Other non-operating income and expenses resulted in a loss of -167,679.86 RMB, primarily from government subsidies[6]. - The company reported a significant increase in non-operating income, which rose by 73,424.70% to ¥173,834.46 compared to ¥236.43 in the same period last year[40]. Research and Development - Research and development expenses decreased to ¥42,429,201.35 from ¥68,773,236.49, a reduction of 38.3%[29]. - Research and development expenses decreased by 38.31% to ¥42,429,201.35 from ¥68,773,236.49 year-on-year[40]. Market Strategy - The company is actively pursuing market expansion and new product development strategies, although specific details were not disclosed in the report[24]. Financial Fluctuations - The fair value changes of financial assets and liabilities held by non-financial enterprises resulted in a loss of -6,862,636.10 RMB, reflecting significant fluctuations in the market[6]. - The total impact of non-recurring gains and losses was -5,856,667.11 RMB after accounting for tax effects[6]. - The company's financial expenses increased by 87.92% to ¥8,037,509.56, primarily due to reduced exchange gains compared to the previous year[40].