FASTEN(SZ:000890)2024-04-29 10:17Financial Performance - The company's operating revenue for Q1 2024 was ¥111,668,808.48, a decrease of 13.05% compared to ¥128,427,298.21 in the same period last year[5]. - The net loss attributable to shareholders for Q1 2024 was ¥18,355,578.04, representing a 48.45% increase in loss from ¥12,365,102.65 in the previous year[5]. - Basic and diluted earnings per share for Q1 2024 were both -¥0.04, a decrease of 33.33% from -¥0.03 in the same period last year[5]. - Net profit for the current period is -¥17,969,974.57, compared to -¥11,985,693.19 in the previous period, reflecting a worsening loss[18]. Cash Flow - The net cash flow from operating activities was -¥11,633,847.92, a decline of 120.07% compared to a positive cash flow of ¥57,962,488.22 in the same period last year[5]. - Cash and cash equivalents at the end of the period are ¥6,840,278.23, down from ¥12,909,830.72 at the end of the previous period[20]. - The company reported a net cash outflow from financing activities of -¥23,838,395.75, compared to -¥81,937,442.62 in the previous period[20]. Assets and Liabilities - The total assets at the end of Q1 2024 were ¥1,493,069,383.04, down 3.37% from ¥1,545,068,555.38 at the end of the previous year[5]. - Total current assets amount to 832,240,500.90 RMB, a decrease from 854,349,444.61 RMB at the beginning of the period[14]. - Total liabilities amount to 1,367,967,752.75 RMB, down from 1,401,996,950.52 RMB[15]. - The company's equity attributable to shareholders decreased by 60.24% to ¥12,116,719.99 from ¥30,472,298.03 at the end of the previous year[5]. Expenses - Total operating costs decreased to ¥127,973,352.59 from ¥142,233,185.01, a reduction of 10.0%[16]. - Research and development expenses decreased to ¥2,264,486.28 from ¥3,317,694.72, a drop of 31.7%[17]. - The company experienced a 90.81% reduction in sales expenses, totaling ¥111,360.11 compared to ¥1,212,049.43 in the previous year, primarily due to decreased promotional costs[9]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 39,890[11]. - The largest shareholder, Farshun Hongsheng Group Co., Ltd., holds 26.82% of the shares, totaling 112,502,486 shares, with 84,500,000 shares pledged and 613,030 shares frozen[11]. - The company has no preferred shareholders or significant changes in the top 10 shareholders due to margin trading activities[12]. Inventory and Receivables - The company reported a total of 107,910,241.29 RMB in inventory, slightly down from 109,604,769.53 RMB[13]. - Accounts receivable increased from 267,299,265.70 RMB to 292,557,467.64 RMB[13]. Other Information - The company reported a significant increase in investment cash flow, with a net inflow of ¥23,939,350.00 compared to a net outflow of -¥4,288,588.51 in the same period last year, marking a 658.21% change[9]. - The company has not undergone an audit for the first quarter report[22].