LZRJ(SH:688588)2024-04-29 07:58Financial Performance - The company's operating revenue for Q1 2024 was ¥268,014,443.88, representing a year-on-year increase of 60.37%[5] - The net profit attributable to shareholders was -¥9,828,319.91, a decrease of 124.69% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥14,298,008.12, reflecting a decline of 142.01% year-on-year[5] - The basic and diluted earnings per share were both -¥0.0246, a decrease of 124.70% compared to the previous year[6] - The net loss for Q1 2024 was ¥9,977,857.79, compared to a net profit of ¥39,750,174.28 in Q1 2023, indicating a substantial decline in profitability[22] Cash Flow - The net cash flow from operating activities was -¥20,414,452.60, indicating a negative cash flow situation[6] - The company's cash flow from operating activities was ¥274,722,050.02 in Q1 2024, compared to ¥177,453,656.71 in Q1 2023, reflecting a growth of 54.8%[25] - The net cash flow from operating activities was -20,414,452.60, compared to -5,218,891.93 in the previous year, indicating a decline in operational performance[26] - Total cash inflow from operating activities amounted to 280,428,910.22, while cash outflow was 300,843,362.82, resulting in a net cash flow deficit[26] - The ending balance of cash and cash equivalents was 751,737,654.93, down from 784,818,674.00 at the beginning of the period[27] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,631,930,008.00, an increase of 2.18% from the end of the previous year[6] - The company's total assets increased to ¥1,631,930,008.00 in Q1 2024, up from ¥1,597,157,995.17 in Q1 2023, representing a growth of 2.2%[20] - Total liabilities rose to ¥425,286,413.89 in Q1 2024, compared to ¥390,552,388.16 in Q1 2023, marking an increase of 8.9%[20] - The total current assets as of March 31, 2024, amounted to CNY 1,033,061,144.64, showing an increase from CNY 1,015,050,052.64 as of December 31, 2023, representing a growth of approximately 1.1%[18] Research and Development - Research and development expenses totaled ¥17,511,604.68, accounting for 6.53% of operating revenue, a decrease of 4.58 percentage points year-on-year[6] - Research and development expenses for Q1 2024 were ¥17,511,604.68, slightly down from ¥18,568,751.44 in Q1 2023, indicating a decrease of 5.7%[22] Market Strategy - The company plans to expand its market presence through strategic partnerships and potential acquisitions in the upcoming quarters[16] - The company is focusing on the development of new technologies and products to enhance its competitive edge in the market[16] Exchange Rate Impact - The decline in net profit was primarily attributed to increased exchange losses due to the depreciation of the Japanese yen[9] - The impact of exchange rate fluctuations on cash and cash equivalents was -41,600,236.41, which negatively affected overall cash position[27] Other Financial Metrics - The weighted average return on net assets was -0.82%, a decrease of 3.74 percentage points compared to the previous year[6] - Other comprehensive income after tax for Q1 2024 was ¥10,015,844.89, a substantial increase from ¥107,311.82 in Q1 2023[23] - The company's deferred income tax assets decreased to ¥3,163,271.61 in Q1 2024 from ¥6,070,781.40 in Q1 2023, a reduction of 47.9%[20] - Payments to employees increased to 213,428,001.28, compared to 135,195,546.11 in the previous year, reflecting higher labor costs[26]