Financial Performance - Revenue for Q1 2024 was CNY 22,313,007.48, a decrease of 63.54% compared to the same period last year[5] - Net profit attributable to shareholders was a loss of CNY 15,950,956.55, representing a decline of 229.22% year-over-year[5] - Basic earnings per share were -CNY 0.22, a decrease of 198.41% compared to the same period last year[5] - Total revenue for Q1 2024 was ¥22,313,007.48, a decrease of 63.5% compared to ¥61,190,305.47 in Q1 2023[20] - Net loss for Q1 2024 was ¥15,950,956.55, compared to a net profit of ¥12,344,073.54 in Q1 2023[21] - Basic and diluted earnings per share for Q1 2024 were both -¥0.22, down from ¥0.22 in Q1 2023[22] Research and Development - R&D expenses totaled CNY 11,467,335.35, an increase of 49.42% compared to the previous year[6] - R&D expenses accounted for 51.39% of total revenue, up by 38.85 percentage points year-over-year[6] - Research and development expenses for Q1 2024 were ¥11,467,335.35, up 49.5% from ¥7,674,621.05 in Q1 2023[20] Cash Flow - Cash flow from operating activities was a negative CNY 24,016,342.03, not applicable for comparison[5] - Cash flow from operating activities for Q1 2024 was -¥24,016,342.03, slightly improved from -¥25,479,207.10 in Q1 2023[22] - Cash flow from investing activities generated a net inflow of ¥39,570,480.24 in Q1 2024, compared to a net outflow of -¥4,195,187.56 in Q1 2023[23] - Cash and cash equivalents increased to RMB 409,245,520.86 from RMB 394,139,173.27, showing a growth of approximately 3.0%[15][17] - Cash and cash equivalents at the end of Q1 2024 were ¥409,245,520.86, an increase from ¥77,407,382.88 at the end of Q1 2023[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,051,833,550.41, down 1.36% from the end of the previous year[6] - As of March 31, 2024, the company's total assets amounted to RMB 1,051,833,550.41, a decrease from RMB 1,066,314,809.40 as of December 31, 2023, reflecting a decline of approximately 1.4%[15][17] - The company's total current assets decreased to RMB 931,504,161.45 from RMB 946,143,929.05, representing a decline of about 1.5%[15][17] - The company's total liabilities increased to RMB 45,466,424.79 from RMB 43,996,727.23, indicating an increase of about 3.3%[17] - The company's total equity decreased to RMB 1,006,367,125.62 from RMB 1,022,318,082.17, reflecting a decline of approximately 1.6%[17] Accounts and Inventory - Accounts receivable increased by 69.36%, primarily due to the company's collection of payments through notes[9] - Accounts receivable slightly decreased to RMB 93,653,542.28 from RMB 95,259,308.50, a reduction of about 1.7%[15][17] - The company's inventory decreased to RMB 136,911,012.07 from RMB 137,956,762.87, indicating a decline of approximately 0.8%[15][17] - Contract liabilities rose by 126.64%, attributed to an increase in advance payments from customers[9] - The company's contract liabilities increased significantly to RMB 11,783,126.62 from RMB 5,198,938.06, reflecting an increase of approximately 126.5%[17] Operating Costs - Total operating costs for Q1 2024 were ¥35,445,743.38, up 8.7% from ¥44,263,092.76 in Q1 2023[20] - Sales expenses increased significantly to ¥3,298,230.44 in Q1 2024, compared to ¥1,869,209.85 in Q1 2023[20] Investment Income - The company reported an investment income of ¥2,033,685.25 in Q1 2024, a substantial increase from ¥117,508.75 in Q1 2023[20]
锴威特(688693) - 2024 Q1 - 季度财报