Insigma(SH:600797)2024-04-29 08:28Financial Performance - Revenue for Q1 2024 was CNY 680,179,583.01, representing a decrease of 21.80% compared to the same period last year[5] - Net profit attributable to shareholders was a loss of CNY 29,947,898.65, a decline of 1,576.09% year-over-year[5] - Basic and diluted earnings per share were both CNY -0.03, reflecting a decrease of 1,600.00% compared to the previous year[5] - Net loss for Q1 2024 was ¥51.12 million, compared to a net loss of ¥10.24 million in Q1 2023, representing a significant increase in losses[21] - The company reported a gross profit margin of -7.8% in Q1 2024, compared to -1.0% in Q1 2023[20] Cash Flow - Net cash flow from operating activities was negative CNY 219,513,744.69, indicating a significant cash outflow[5] - Cash flow from operating activities for Q1 2024 was -¥219.51 million, slightly improved from -¥226.06 million in Q1 2023[24] - Cash flow from investing activities for Q1 2024 was -¥65.30 million, an improvement from -¥113.66 million in Q1 2023[24] - Cash flow from financing activities for Q1 2024 was ¥0.11 million, compared to ¥14.20 million in Q1 2023[24] - The net increase in cash and cash equivalents for Q1 2024 was -$284,422,555.96, compared to -$325,872,691.31 in the previous year[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,855,852,889.84, down 4.72% from the end of the previous year[6] - The company's total liabilities decreased from RMB 2,444,304,384.57 to RMB 2,244,769,743.14, reflecting a reduction of about 8.2%[17] - The total equity attributable to shareholders decreased from RMB 3,390,134,474.66 to RMB 3,316,066,208.42, a decline of approximately 2.2%[17] - The company's cash and cash equivalents decreased from RMB 860,631,703.12 to RMB 556,158,914.47, a drop of about 35.4%[15] - Accounts receivable increased from RMB 942,549,755.11 to RMB 1,004,874,156.67, an increase of approximately 6.6%[15] - Inventory increased from RMB 271,165,000.96 to RMB 318,968,334.49, reflecting a rise of about 17.6%[15] Shareholder Information - The total number of common shareholders at the end of the reporting period was 97,066[11] - The largest shareholder, Zhejiang Zheda Wanshin Group Co., Ltd., held 8.19% of the shares, amounting to 84,190,900 shares[11] - The company reported a total of 4,399,010 shares held by the Southern CSI 1000 ETF, with a percentage of 0.43% at the end of the reporting period[12] Operational Metrics - Total operating revenue for Q1 2024 was ¥680.18 million, a decrease of 21.8% compared to ¥869.76 million in Q1 2023[20] - Total operating costs for Q1 2024 were ¥733.07 million, down 17.3% from ¥886.86 million in Q1 2023[20] - The company experienced a decrease in sales revenue from services, totaling ¥653.59 million in Q1 2024, down from ¥766.07 million in Q1 2023[23] - Research and development expenses for Q1 2024 were ¥53.02 million, a decrease of 14.3% from ¥61.77 million in Q1 2023[20] Equity and Returns - Shareholders' equity attributable to the parent company decreased by 2.18% to CNY 3,316,066,208.42[6] - The weighted average return on equity decreased by 0.95 percentage points to -0.89%[6] - Basic and diluted earnings per share for Q1 2024 were both -¥0.03, compared to ¥0.002 in Q1 2023[22] Borrowings - The company's short-term borrowings remained relatively stable, with a slight decrease from RMB 45,048,111.12 to RMB 45,024,673.61[17] - The company's long-term borrowings increased from RMB 656,100,119.04 to RMB 667,905,918.94, an increase of about 1.2%[17]