复旦张江(688505) - 2024 Q1 - 季度财报

Financial Performance - The net profit attributable to shareholders of the listed company decreased by 73.29% due to the termination of cooperation with a promotional service provider[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 292.19%, significantly impacting revenue from a key product during the reporting period[4]. - The basic and diluted earnings per share both dropped to 0.00 yuan, reflecting a 100% decline compared to the previous period[4]. - The total profit for the period was 1,329,266 yuan, down from 2,173,031 yuan in the previous year[19]. - The net profit for the period was 2,259,878 yuan, compared to 8,794,123 yuan in the same period last year[19]. - Total operating revenue for Q1 2024 was 147,647,109, a decrease of 21.94% compared to Q1 2023[38]. - Net profit attributable to shareholders for Q1 2024 was 2,347,396, down 73.29% year-over-year[38]. - Basic and diluted earnings per share for Q1 2024 were both 0.00, a decrease of 100% compared to the previous year[38]. Cash Flow and Assets - The net cash flow from operating activities improved to 43.94 million yuan, a recovery from a negative 160.26 million yuan in the same period last year[7]. - Cash and cash equivalents at the end of Q1 2024 were 1,233,394,449, compared to 888,009,829 at the end of Q1 2023[22]. - The net cash flow from investing activities was -3,807,572 for Q1 2024, a significant improvement from -235,735,353 in Q1 2023[22]. - Cash inflow from operating activities totaled 244,729,122 in Q1 2024, compared to 162,901,241 in Q1 2023, showing strong operational performance[27]. - The total assets decreased to 2,825,346,356 yuan from 2,876,687,507 yuan[16]. - The total non-current assets amounted to 992,027,577 yuan, down from 1,007,262,621 yuan[16]. - Total liabilities decreased from 518,124,139 to 464,492,233, a reduction of approximately 10.4%[59]. - Total current liabilities decreased from 505,018,842 to 453,049,327, a reduction of about 10.3%[59]. Research and Development - Research and development expenses increased to 63,616,910 in Q1 2024 from 54,123,028 in Q1 2023, reflecting a focus on innovation[25]. - R&D investment totaled RMB 64,173,693, representing 43.46% of operating income, an increase of 14.64 percentage points from the previous year[50]. Equity and Liabilities - The equity attributable to shareholders of the listed company was RMB 2,359,932,124, showing a slight increase of 0.10% compared to the end of the previous year[50]. - Total equity increased from 2,358,563,368 to 2,360,854,123, a slight increase of approximately 0.1%[59]. - The company's retained earnings rose from 918,311,622 to 920,659,018, an increase of approximately 0.3%[59]. - Non-current liabilities decreased from 13,105,297 to 11,442,906, representing a decline of about 12.7%[59]. - The company's lease liabilities decreased from 10,952,722 to 9,869,581, a reduction of about 9.9%[59]. Revenue and Sales Strategy - The company reported a significant decline in revenue for 2023 due to underperformance in the sales of its product, Libao Duo®, leading to a notable decrease in overall income compared to the previous year[45]. - The company is in discussions to terminate its marketing cooperation with Shanghai Huizheng, aiming to improve the sales strategy for Libao Duo®[45]. - The company plans to leverage various bidding and procurement opportunities to enhance its marketing efforts through specialized CSO companies in different provinces[45]. Other Financial Metrics - The fair value changes of financial assets and liabilities resulted in a gain of 4,554,032 yuan, primarily from interest or returns on structured deposits and wealth management products[3]. - The weighted average return on net assets decreased by 0.29 percentage points to 0.10%[50]. - Accounts receivable decreased to RMB 452,005,745 from RMB 446,223,107, indicating a slight increase in collection efficiency[57]. - The company's deferred income decreased from 2,152,575 to 1,573,325, a decline of approximately 26.8%[59]. - Minority interests decreased from 1,009,517 to 921,999, a decrease of about 8.6%[59].