Routon(SH:600355)2024-04-29 08:22Financial Performance - The company's operating revenue for Q1 2024 was CNY 29,586,540.10, representing a year-on-year increase of 12.23%[4] - The net profit attributable to shareholders was CNY -9,219,474.23, with a basic and diluted earnings per share of CNY -0.019, indicating a significant loss[4] - The company reported a net loss of CNY 9,117,506.56 for Q1 2024, compared to a net loss of CNY 12,008,572.09 in Q1 2023[19] - In Q1 2024, the company reported a net loss of ¥9,219,474.23, an improvement from a net loss of ¥12,017,521.72 in Q1 2023, indicating a reduction in losses by approximately 23.0%[20] - The total comprehensive income for Q1 2024 was -¥9,219,474.23, compared to -¥12,017,521.72 in Q1 2023, showing an improvement of approximately 23.0%[20] Cash Flow - The net cash flow from operating activities was CNY -325,745.01, a decrease of 102.62% compared to the same period last year[4] - The net cash flow from operating activities turned negative at -¥325,745.01 in Q1 2024, compared to a positive cash flow of ¥12,452,538.47 in Q1 2023[23] - Total cash inflow from operating activities decreased to ¥44,762,687.52 in Q1 2024, down 26.4% from ¥60,747,981.44 in Q1 2023[23] - The company received ¥4,089,043.80 in cash related to operating activities in Q1 2024, a decrease of 48.7% from ¥7,976,133.94 in Q1 2023[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 284,956,174.95, down 4.03% from the end of the previous year[4] - Total assets as of March 31, 2024, were CNY 284,956,174.95, down from CNY 296,920,970.33 at the end of 2023[14] - Total liabilities decreased to CNY 120,802,475.41 from CNY 123,547,796.56 at the end of 2023[15] - Cash and cash equivalents increased to CNY 44,817,850.08 from CNY 43,235,386.10 at the end of 2023[13] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 83,869[9] - The equity attributable to shareholders decreased by 5.28% to CNY 165,339,732.03 compared to the end of the previous year[4] Operational Metrics - Total operating revenue for Q1 2024 was CNY 29,586,540.10, an increase of 8.5% compared to CNY 26,363,134.29 in Q1 2023[19] - Total operating costs for Q1 2024 were CNY 37,602,155.45, slightly up from CNY 37,297,950.73 in Q1 2023[19] - Operating profit for Q1 2024 was a loss of CNY 9,117,506.56, an improvement from a loss of CNY 12,008,572.09 in Q1 2023[19] Changes in Receivables and Inventory - Accounts receivable decreased by 38.60%, primarily due to changes in customer settlement methods[7] - Accounts receivable decreased to CNY 17,275,633.48 from CNY 28,137,494.97 at the end of 2023[13] - Inventory decreased to CNY 48,875,902.99 from CNY 50,592,287.16 at the end of 2023[13] - The company reported a 184.23% increase in receivables financing, attributed to an increase in bank notes received from sales[7] Government Support and Taxes - The company received government subsidies amounting to CNY 227,059.35, which positively impacted the financial results[6] - The company experienced a 68.10% increase in business taxes and additional charges, mainly due to higher property taxes[7] Financing Activities - The company raised ¥39,000,000.00 through borrowings in Q1 2024, an increase of 30.0% compared to ¥30,000,000.00 in Q1 2023[24] - The total cash outflow from financing activities was ¥39,381,408.33 in Q1 2024, compared to ¥30,552,729.15 in Q1 2023, reflecting a 28.9% increase[24] Investment Activities - The cash flow from investment activities generated a net inflow of ¥31,251.09 in Q1 2024, down from ¥61,849.97 in Q1 2023, indicating a decline of 49.5%[24]