Financial Performance - Operating revenue increased by 33.70% to CNY 26,818,944.78 compared to the same period last year[10] - Net profit attributable to shareholders decreased by 534.01% to -CNY 10,555,834.25 compared to the same period last year[10] - The net cash flow from operating activities was -CNY 57,052,762.59, a decrease of 1,103.09% compared to the same period last year[10] - Total operating revenue for Q1 2024 reached ¥26,818,944.78, a significant increase of 33.9% compared to ¥20,059,008.58 in Q1 2023[37] - Net profit for Q1 2024 was a loss of ¥10,555,834.25, compared to a profit of ¥2,432,183.63 in Q1 2023, indicating a substantial decline in profitability[38] - Operating revenue for Q1 2024 was CNY 4,775,431.51, a decrease from CNY 12,922,746.68 in Q1 2023, representing a decline of approximately 63.0%[40] - Net profit for Q1 2024 was a loss of CNY 6,012,165.90, compared to a profit of CNY 4,592,962.21 in Q1 2023, indicating a significant shift in profitability[40] - The total comprehensive income for Q1 2024 was a loss of CNY 6,012,165.90, compared to a gain of CNY 4,592,962.21 in Q1 2023[41] Assets and Liabilities - Total assets decreased by 4.05% to CNY 672,713,881.68 compared to the end of last year[10] - Total current assets decreased from ¥525,407,515.44 to ¥497,362,338.88, a decline of approximately 5.4%[31] - Total liabilities decreased from ¥313,990,071.59 to ¥296,141,959.36, a reduction of about 5.7%[33] - Total equity attributable to shareholders decreased from ¥387,127,756.57 to ¥376,571,922.32, a decrease of about 2.9%[33] - Current liabilities rose to ¥221,509,748.94, compared to ¥251,173,716.60 in the previous year, showing a decrease of about 11.8%[36] - Non-current liabilities increased to ¥21,099,881.27, up from ¥15,843,274.54, marking a rise of approximately 33.1%[36] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 57,052,762.59 in Q1 2024, contrasting with a net inflow of CNY 5,687,723.13 in Q1 2023[42] - Total cash and cash equivalents at the end of Q1 2024 were CNY 82,933,050.61, down from CNY 86,519,857.07 at the end of Q1 2023[43] - Cash inflow from financing activities in Q1 2024 was CNY 30,000,000.00, significantly higher than CNY 132,656.00 in Q1 2023[43] - The net increase in cash and cash equivalents was -$26.91 million, contrasting with an increase of $7.16 million in the previous period[45] - The ending balance of cash and cash equivalents stood at $77.51 million, down from $80.26 million last year[45] Research and Development - Research and development expenses increased by 98.89% to CNY 5,343,263.13 due to increased investment in R&D projects[13] - Research and development expenses increased to CNY 3,482,993.86 in Q1 2024, up from CNY 1,812,106.56 in Q1 2023, reflecting a growth of approximately 92.2%[40] Shareholder Information - The total number of ordinary shares outstanding is 47,896,000, with 4,624 shareholders holding ordinary shares[19] - The largest shareholder, Liu Weny, holds 26,896,000 shares, representing 56.16% of total shares, with 20,172,000 shares being subject to restrictions[21] - There are no pledges or judicial freezes on shares held by shareholders with more than 5% ownership[22] Legal and Compliance - The company is currently involved in a lawsuit concerning a sales contract dispute, with a claim amounting to ¥9,836,994.80, and the case is still under trial[25] - The company has disclosed its commitment to fulfill previously announced obligations, ensuring transparency and accountability[26] - The company has not undergone any accounting policy changes or corrections during the reporting period, ensuring consistency in financial reporting[17] Market Position and Strategy - The company is actively expanding its market presence in smart city, intelligent networking, and industrial intelligence sectors[11] - The gross profit margin is under pressure due to increased competition and lower margins on completed projects in the Yantai area[11]
汉鑫科技(837092) - 2024 Q1 - 季度财报