Aerosun(SH:600501)2024-04-29 10:51Financial Performance - The company's operating revenue for Q1 2024 was ¥358,902,622.30, representing a decrease of 30.40% compared to the same period last year[4]. - The net profit attributable to shareholders of the listed company was -¥76,818,377.54, indicating a significant decline[4]. - The basic and diluted earnings per share were both -¥0.18, showing a negative performance[4]. - The company experienced a 532.22% decrease in net profit attributable to shareholders due to insufficient operating revenue[8]. - The net profit for Q1 2024 was a loss of CNY 81.01 million, compared to a loss of CNY 14.56 million in Q1 2023, representing a significant increase in losses[22]. - The total comprehensive income for Q1 2024 was a loss of CNY 81.01 million, compared to a loss of CNY 12.45 million in Q1 2023[23]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥486,687,056.70, reflecting ongoing financial challenges[4]. - Cash and cash equivalents as of March 31, 2024, were RMB 498,730,125.54, down from RMB 1,009,182,295.88 at the end of 2023, representing a decline of 50.7%[15]. - The cash flow from operating activities showed a net outflow of CNY 486.69 million in Q1 2024, an improvement from a net outflow of CNY 538.77 million in Q1 2023[25]. - Cash and cash equivalents at the end of Q1 2024 were CNY 487.37 million, a decrease from CNY 933.32 million at the beginning of the quarter[26]. - The company raised CNY 30 million in borrowings during Q1 2024, compared to CNY 20 million in Q1 2023, reflecting an increase in financing activities[26]. - The company experienced a foreign exchange impact of CNY 132,877.61 on cash and cash equivalents during Q1 2024[26]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,321,435,698.71, down 7.23% from the end of the previous year[4]. - Total current assets decreased to RMB 3,575,878,966.42 from RMB 3,981,566,952.76, a reduction of 10.2%[15]. - Total liabilities decreased to RMB 2,890,699,258.91 from RMB 3,232,517,365.77, a decline of 10.6%[17]. - Total assets as of March 31, 2024, were RMB 5,321,435,698.71, down from RMB 5,735,952,479.77, a decrease of 7.3%[17]. - The company's equity attributable to shareholders decreased to RMB 2,190,791,564.52 from RMB 2,259,912,371.44, a decline of 3.1%[17]. Operating Costs and Revenue - The total operating costs for Q1 2024 were CNY 453.35 million, a decrease of 15.3% compared to CNY 535.00 million in Q1 2023[22]. - Revenue from sales of goods and services received in cash was CNY 260.34 million, down 51.2% from CNY 533.58 million in the same period last year[24]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 41,132[10]. - The equity attributable to shareholders of the listed company decreased by 3.06% to ¥2,190,791,564.52[4]. Research and Development - Research and development expenses increased to CNY 41.34 million in Q1 2024, up from CNY 36.45 million in Q1 2023, indicating a focus on innovation[22]. Other Financial Metrics - Non-recurring gains and losses totaled ¥3,868,490.53, primarily from government subsidies and other income[6]. - The weighted average return on net assets was -3.45%, indicating a decline in profitability[4]. - Inventory as of March 31, 2024, was RMB 1,091,713,789.56, slightly up from RMB 1,082,897,502.64, an increase of 0.1%[15]. - Short-term borrowings decreased significantly to RMB 77,100,505.08 from RMB 177,661,727.99, a reduction of 56.5%[16]. - Deferred income increased to RMB 12,700,000.00 from RMB 4,450,000.00, reflecting a growth of 186.5%[17].