Bingo Software (SH:688227)2024-04-29 10:41Financial Performance - The company's operating revenue for Q1 2024 was ¥58,212,450.09, representing a decrease of 0.51% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥20,490,160.27, with a basic and diluted earnings per share of -¥0.18[3]. - Operating profit for Q1 2024 was reported at -¥27,317,083.60, worsening from -¥17,911,612.65 in Q1 2023[19]. - Net profit for Q1 2024 was -¥24,407,931.73, compared to -¥18,098,583.91 in Q1 2023, indicating a larger loss year-over-year[19]. - The company reported a total comprehensive loss of approximately -24.41 million RMB in Q1 2024, compared to -18.10 million RMB in Q1 2023, representing an increase in comprehensive losses of about 35%[20]. - Basic and diluted earnings per share were both reported at -0.18 RMB in Q1 2024, compared to -0.14 RMB in Q1 2023, indicating a worsening in per-share performance[20]. - The weighted average return on net assets was -1.47%, showing a decline in profitability[3]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥70,086,252.71, indicating significant cash outflow during the quarter[3]. - The net cash flow from operating activities was -70.09 million RMB in Q1 2024, an improvement from -97.58 million RMB in Q1 2023, indicating a reduction in cash outflow of approximately 28.2%[22]. - Cash inflow from investment activities was 146.07 million RMB in Q1 2024, significantly higher than 82.20 million RMB in Q1 2023, marking an increase of about 77.8%[22]. - The company experienced a net cash outflow from investment activities of -141.64 million RMB in Q1 2024, compared to a net inflow of 71.70 million RMB in Q1 2023, indicating a shift in investment strategy[22]. - Cash flow from financing activities yielded a net inflow of 48.08 million RMB in Q1 2024, contrasting with a net outflow of -25.63 million RMB in Q1 2023, showing a positive change in financing[22]. - The company's cash and cash equivalents decreased significantly, impacting liquidity[17]. - As of March 31, 2024, the company's cash and cash equivalents amounted to ¥228,016,275.25, a decrease from ¥392,231,185.41 as of December 31, 2023, representing a decline of approximately 41.8%[14]. - The ending cash and cash equivalents balance decreased to approximately 191.94 million RMB in Q1 2024, down from 590.08 million RMB in Q1 2023, reflecting a decline of about 67.5%[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,906,230,502.34, up 1.71% from the end of the previous year[4]. - The company's total assets increased to ¥1,906,230,502.34, up from ¥1,874,264,845.52 at the end of Q1 2023[16]. - Total liabilities rose to ¥544,147,931.48, compared to ¥473,985,392.39 in the previous year, reflecting a 14.8% increase[16]. - The equity attributable to shareholders decreased by 2.42% to ¥1,380,925,148.67 compared to the end of the previous year[4]. - The total current assets as of March 31, 2024, were ¥1,331,735,139.04, slightly down from ¥1,368,163,125.36 at the end of 2023, indicating a decrease of about 2.7%[14]. - Accounts receivable stood at ¥515,273,392.71 as of March 31, 2024, compared to ¥526,138,625.68 at the end of 2023, reflecting a decrease of approximately 2.5%[14]. - Inventory increased to ¥302,236,150.28 as of March 31, 2024, up from ¥285,263,150.72 at the end of 2023, marking an increase of about 5.9%[14]. - The company reported a significant increase in other current assets, which rose to ¥221,703,114.77 from ¥3,831,181.59, indicating a substantial increase of over 5,700%[14]. Research and Development - Research and development expenses totaled ¥16,920,865.51, accounting for 29.07% of operating revenue, reflecting a 4.06% increase in R&D investment[4]. - Research and development expenses for Q1 2024 were ¥16,920,865.51, slightly up from ¥16,259,995.25 in Q1 2023, indicating continued investment in innovation[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,831[9]. - There were no significant changes in the top 10 shareholders or their shareholding percentages compared to the previous period[12]. Future Outlook - The company has not provided specific future guidance or outlook for the upcoming quarters[12]. - The company plans to focus on market expansion and new product development to improve financial performance in the upcoming quarters[17]. - The company has not disclosed any new product developments or technological advancements during this reporting period[12]. - The company did not report any mergers or acquisitions during the first quarter of 2024[12]. - There were no significant reminders or alerts regarding the company's operational status during the reporting period[12].