CLOUDWALK(SH:688327)2024-04-29 09:22Financial Performance - The company's operating revenue for Q1 2024 was 54,403,525.48, representing a 19.99% increase compared to 45,340,157.16 in the same period last year [35]. - The net profit attributable to shareholders was -160,668,732.04, compared to -142,179,887.94 in the previous year, indicating a continued loss [35]. - Total operating revenue for Q1 2024 reached ¥54,403,525.48, an increase of 20.4% compared to ¥45,340,157.16 in Q1 2023 [47]. - Net loss for Q1 2024 was ¥164,223,467.00, compared to a net loss of ¥150,291,221.82 in Q1 2023, indicating a decline in profitability [47]. - The total comprehensive income for Q1 2024 was -162,883,283.97, compared to -149,678,845.88 in Q1 2023, indicating a rise in losses of about 8.3% [48]. - The basic and diluted earnings per share for Q1 2024 were both -0.15, compared to -0.14 in Q1 2023, showing a slight increase in losses per share [48]. Cash Flow - The net cash flow from operating activities increased significantly due to higher sales collections [11]. - The company had a net cash flow from operating activities of -62,441,412.62, an improvement from -108,159,677.37 in the previous year [38]. - Cash inflows from operating activities in Q1 2024 amounted to 151,453,212.40, significantly higher than 74,980,259.20 in Q1 2023, representing an increase of approximately 101.0% [53]. - Cash outflows from operating activities in Q1 2024 totaled 213,894,625.02, compared to 183,139,936.57 in Q1 2023, which is an increase of about 16.8% [53]. - The net cash flow from operating activities for Q1 2024 was -62,441,412.62, an improvement from -108,159,677.37 in Q1 2023, indicating a reduction in losses of approximately 42.3% [53]. - Cash inflows from investing activities in Q1 2024 were 10,307,808.22, down from 785,253,290.22 in Q1 2023, reflecting a decrease of about 98.7% [53]. - Cash inflows from financing activities in Q1 2024 were 450,196,710.00, compared to 162,776,478.22 in Q1 2023, marking an increase of approximately 176.5% [54]. - The net increase in cash and cash equivalents for Q1 2024 was 153,068,206.53, compared to 311,753,566.95 in Q1 2023, indicating a decrease of about 50.9% [54]. - The ending balance of cash and cash equivalents as of Q1 2024 was 1,041,049,394.77, down from 1,454,571,535.50 in Q1 2023, representing a decline of approximately 28.5% [54]. Shareholder Information - The largest shareholder, Changzhou Cloud From Information Technology Co., Ltd., holds 205,107,480 shares, accounting for 19.78% of total shares [12]. - The total number of ordinary shareholders at the end of the reporting period was 40,423 [12]. - The report indicates no major changes in the shareholding structure among the top ten shareholders [12]. Assets and Liabilities - The total assets as of March 31, 2024, were 2,614,716,265.25, down 4.87% from 2,748,521,233.94 at the end of the previous year [38]. - The total liabilities increased, with short-term borrowings rising to 606,258,747.24 from 578,666,988.82, indicating higher leverage [38]. - Total liabilities decreased to ¥1,315,817,534.41 as of March 31, 2024, down from ¥1,343,311,362.37 at the end of 2023, a reduction of approximately 2.0% [39]. - Total equity as of March 31, 2024, was ¥1,298,898,730.84, down from ¥1,405,209,871.57 at the end of 2023, reflecting a decrease of about 7.6% [39]. - The total equity attributable to shareholders decreased to 1,519,964,937.04 from 1,622,776,936.30, reflecting a decline in shareholder value [38]. Research and Development - Research and development expenses totaled 98,874,820.66, which is a 3.18% increase from 95,827,654.09 in the previous year [38]. - Research and development expenses for Q1 2024 amounted to ¥98,874,820.66, slightly higher than ¥95,827,654.09 in Q1 2023, showing a focus on innovation [47]. - The proportion of R&D expenses to operating revenue was 181.74%, down from 211.35% in the previous year, indicating a reduction in R&D intensity relative to revenue [38]. Other Income and Expenses - Non-operating income totaled RMB 9,477,185.62, primarily from asset disposal gains and government subsidies [4]. - Other income recognized includes RMB 4,102,426.44 from software tax refunds closely related to normal business operations [8]. - The company reported a significant increase in non-current asset disposal gains, amounting to RMB 629,560.85 [4]. - The company reported a significant increase in other income, which rose to ¥12,880,278.45 in Q1 2024 from ¥5,547,350.25 in Q1 2023, marking an increase of 132.9% [47]. - The company did not identify any non-recurring gains or losses that were significant beyond those listed in the report [4]. - The company has not disclosed any significant new product developments or technological advancements in this quarter [19]. - There were no indications of market expansion or mergers and acquisitions during this reporting period [19].