SITONG(SH:603838)2024-04-29 08:09Financial Performance - The company's operating revenue for Q1 2024 was ¥38,259,338.72, representing a year-on-year increase of 6.07%[5] - The net profit attributable to shareholders of the listed company was a loss of ¥6,137,643.71, with no applicable percentage change due to the loss[5] - The basic and diluted earnings per share were both -¥0.0192, reflecting a decrease in profitability compared to the previous year[5] - Net profit for Q1 2024 was a loss of CNY 6,137,643.71, an improvement from a loss of CNY 8,951,081.66 in Q1 2023, representing a reduction of 31.5%[20] - The company reported a basic and diluted earnings per share of CNY -0.0192 for Q1 2024, an improvement from CNY -0.028 in Q1 2023[21] Cash Flow and Liquidity - The net cash flow from operating activities was a negative ¥3,927,779.17, indicating a decrease in cash flow compared to the previous year[5] - Operating cash flow for Q1 2024 was a net outflow of CNY 3,927,779.17, compared to a net outflow of CNY 2,364,010.09 in Q1 2023[25] - The net cash flow from financing activities was reported as a negative amount, indicating cash outflows[26] - The net increase in cash and cash equivalents for the period was 47,569,504.79, compared to an increase of 6,267,563.01 in the previous period[26] - The beginning balance of cash and cash equivalents was 86,440,728.62, up from 52,900,075.95 in the prior period[26] - The ending balance of cash and cash equivalents reached 134,010,233.41, significantly higher than 59,167,638.96 from the previous period[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,045,164,294.81, a decrease of 1.14% from the end of the previous year[6] - The total assets as of March 31, 2024, were ¥1,045,164,294.81, down from ¥1,057,200,749.89, reflecting a decrease of about 1.14%[14] - The total liabilities decreased to ¥56,034,346.94 from ¥61,933,158.31, marking a reduction of approximately 9.6%[15] - The company's equity remained stable at ¥320,016,000.00, unchanged from the previous period[15] - The accounts payable decreased to ¥3,681,193.40 from ¥4,737,182.35, a decline of about 22.3%[15] - The inventory slightly decreased to ¥115,115,363.00 from ¥116,244,982.50, a reduction of approximately 0.97%[14] - The long-term equity investments increased to ¥2,303,911.03 from ¥2,035,175.35, showing an increase of about 13.2%[14] Operational Highlights - The company recognized government subsidies amounting to ¥1,581,376.51 during the period, which are closely related to its normal operations[7] - The company reported a total of ¥4,118,101.60 in gains from effective hedging activities outside of its normal business operations[7] - The company experienced an increase in sales revenue and gross margin, which contributed to a reduction in losses compared to the same period last year[8] - The company plans to continue focusing on improving operational efficiency and exploring new market opportunities in the upcoming quarters[8] Shareholder Information - The company reported a total of 16,202 common shareholders at the end of the reporting period[12] - The top shareholder, Guangdong Weide Industrial Investment Co., Ltd., holds 20.26% of the shares, totaling 64,847,032 shares[12] Other Financial Metrics - The weighted average return on net assets was -0.6186%, an increase of 0.2413 percentage points compared to the previous year[6] - Total operating costs decreased to CNY 48,787,165.01, down 0.33% from CNY 48,949,942.17 in the same period last year[19] - Research and development expenses decreased to CNY 1,755,828.12, down 17.83% from CNY 2,137,941.95 in the previous year[19] - The company received CNY 2,682,452.25 in tax refunds, an increase from CNY 2,073,102.94 in the same period last year[24] - The company reported a significant increase in investment income to CNY 7,796,051.19, up from CNY 3,801,928.02 in Q1 2023[20] - The impact of exchange rate fluctuations on cash and cash equivalents was a decrease of 393,118.45[26]