GEM-YEAR(601002)2024-04-29 10:56Financial Performance - The company's operating revenue for Q1 2024 was ¥424,066,092.18, representing a decrease of 12.85% compared to the same period last year[6]. - The net profit attributable to shareholders was -¥20,608,945.66, a decline of 207.79% year-over-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥21,076,717.02, reflecting a decrease of 226.33% compared to the previous year[6]. - The basic and diluted earnings per share were both -¥0.022, a decrease of 207.50% year-over-year[6]. - Total operating revenue for Q1 2024 was CNY 424,066,092.18, a decrease of 12.85% compared to CNY 486,617,482.94 in Q1 2023[18]. - Net profit for Q1 2024 was a loss of CNY 20,185,500.22, compared to a profit of CNY 19,447,008.59 in Q1 2023[19]. - Operating profit for Q1 2024 was a loss of CNY 24,059,526.09, compared to a profit of CNY 22,474,954.51 in Q1 2023[19]. - Total comprehensive income for Q1 2024 was a loss of CNY 20,202,426.60, compared to a profit of CNY 19,252,450.66 in Q1 2023[19]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 27.42%, amounting to ¥131,229,445.18, primarily due to an increase in cash received from sales of goods and services[6]. - Cash flow from operating activities for Q1 2024 was CNY 131,229,445.18, an increase of 27.36% from CNY 102,992,556.08 in Q1 2023[22]. - Cash inflow from operating activities totaled CNY 522,234,841.53 in Q1 2024, compared to CNY 440,382,782.43 in Q1 2023[22]. - The company's cash and cash equivalents amounted to RMB 229,416,075.93, an increase from RMB 154,152,451.69 on December 31, 2023, reflecting a growth of approximately 48.7%[14]. - The net increase in cash and cash equivalents for the quarter was $75,263,624.24, compared to a decrease of $1,687,026.45 in the same quarter last year[23]. - The beginning cash and cash equivalents balance was $154,152,451.69, compared to $114,645,965.13 in the prior year[23]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,171,553,752.51, a decrease of 0.92% from the end of the previous year[7]. - The total current assets decreased to RMB 2,927,575,839.14 from RMB 2,955,699,774.58, indicating a decline of about 0.9%[15]. - Accounts receivable decreased to RMB 688,424,233.91 from RMB 837,974,442.99, representing a reduction of approximately 17.8%[14]. - Inventory increased to RMB 1,462,078,613.43 from RMB 1,378,559,317.62, showing a growth of about 6.1%[14]. - Total liabilities decreased to RMB 1,020,475,439.39 from RMB 1,049,588,696.50, a decline of approximately 2.8%[16]. - The company's total assets as of March 31, 2024, were RMB 5,171,553,752.51, down from RMB 5,219,639,214.68, reflecting a decrease of about 0.9%[15]. - The equity attributable to shareholders decreased by 0.47% to ¥4,131,904,689.29 compared to the end of the previous year[7]. - The equity attributable to shareholders decreased to RMB 4,131,904,689.29 from RMB 4,151,300,339.79, indicating a decline of approximately 0.5%[16]. Non-Recurring Items and Expenses - Non-recurring gains and losses for the period totaled ¥467,771.36, with significant contributions from asset disposal losses and government subsidies[9]. - Research and development expenses for Q1 2024 were CNY 15,882,757.56, a decrease of 7.36% from CNY 17,140,457.91 in Q1 2023[18]. - Financial expenses for Q1 2024 showed a significant improvement, with a net income of CNY -660,122.43 compared to CNY 3,577,442.46 in Q1 2023[18]. Shareholder Information - The company reported a total of 52,987 common shareholders at the end of the reporting period[11]. - The company has not reported any significant changes in shareholder structure or major strategic shifts during the reporting period[13]. Product and Technology Development - There are no new product launches or technological advancements mentioned in the current report[13].