ZNHI(SZ:002445)2024-04-29 08:28Financial Performance - The company's operating revenue for Q1 2024 was ¥180,007,247.91, representing a 43.70% increase compared to ¥125,265,960.43 in the same period last year[5] - The net profit attributable to shareholders was -¥19,595,795.94, a decrease of 131.96% from ¥61,311,241.57 year-on-year[5] - Basic and diluted earnings per share were both -¥0.01, down 133.33% from ¥0.03 in the same period last year[5] - The company reported a total comprehensive loss of CNY 19,641,709.47 for Q1 2024, compared to a comprehensive income of CNY 61,362,659.96 in the previous year[20] - Net profit for Q1 2024 was a loss of CNY 19,641,709.47, compared to a profit of CNY 61,362,659.96 in Q1 2023[20] Cash Flow and Liquidity - The net cash flow from operating activities was ¥20,049,962.87, a significant improvement from -¥21,816,940.89 in the previous year[5] - Operating cash flow for Q1 2024 was CNY 20,049,962.87, a significant improvement from a negative cash flow of CNY 21,816,940.89 in the same quarter last year[23] - The company experienced a 90.12% increase in cash and cash equivalents, rising by ¥59,201,800 from the beginning of the period[13] - Cash and cash equivalents at the end of Q1 2024 totaled CNY 107,007,897.06, down from CNY 199,985,405.60 at the end of Q1 2023[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,544,492,779.58, a decrease of 3.89% from ¥2,647,421,209.34 at the end of the previous year[5] - The company’s total liabilities and equity amounted to CNY 2,544,492,779.58, a decrease from CNY 2,647,421,209.34 in the previous year[20] - The company’s total liabilities decreased by 40.15%, primarily due to a reduction in other payables[13] - Total liabilities decreased to CNY 366,862,503.38 from CNY 451,064,881.12, indicating a reduction in financial obligations[17] - Current assets decreased to CNY 1,771,728,244.84 from CNY 1,834,569,009.15, primarily due to a reduction in cash and cash equivalents[16] Research and Development - Research and development expenses increased by 118.68% to ¥617,000, reflecting higher labor and material costs for ongoing projects[12] - Research and development expenses increased to CNY 6,237,627.57 in Q1 2024, compared to CNY 2,852,340.19 in Q1 2023, reflecting a growth of 118.5%[19] Inventory and Receivables - The company reported a decrease in accounts receivable from CNY 310,160,502.07 to CNY 277,197,497.43, suggesting improved collection efforts[16] - The inventory level slightly decreased to CNY 326,005,844.48 from CNY 337,246,762.16, reflecting effective inventory management[16] Corporate Activities - The company has not reported any new product launches or technological advancements during this quarter[15] - There are no significant mergers or acquisitions reported in the current quarter, maintaining the focus on organic growth strategies[15] Accounting and Reporting - The first quarter report has not been audited[25] - The new accounting standards will be implemented starting in 2024[25] - The financial statement items related to the first year of implementation are applicable[25] - The board of directors of Zhongnan Hongwen Culture Group Co., Ltd. issued the report on April 30, 2024[25]