TAM(SH:603789)2024-04-29 11:27Financial Performance - The company's operating revenue for Q1 2024 was CNY 34,857,185.70, representing a decrease of 34.14% compared to the same period last year[6]. - The net profit attributable to shareholders was a loss of CNY 23,145,748.96, with a significant increase in costs due to reduced sales volume and higher unit costs[6][9]. - The company reported a net loss of CNY 23,145,748.06 for Q1 2024 compared to a net loss of CNY 15,886,739.94 in Q1 2023[20]. - In Q1 2024, the company reported a net loss of CNY 23,532,869.16, compared to a net profit of CNY 191,759.89 in Q1 2023, indicating a significant decline in performance[21]. - Operating profit for Q1 2024 was CNY -23,476,546.09, a sharp decrease from CNY 139,603.83 in the same period last year[21]. - Total revenue from sales in Q1 2024 was CNY 54,185,696.76, down 36.5% from CNY 85,334,792.22 in Q1 2023[23]. - The company's total comprehensive loss for Q1 2024 was CNY -23,532,869.16, compared to a comprehensive income of CNY 191,759.89 in Q1 2023[22]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -28,279,574.46, primarily due to decreased collections compared to the previous year[6][9]. - The company experienced a net cash outflow from operating activities of CNY -28,279,574.46 in Q1 2024, compared to CNY -7,555,600.53 in Q1 2023[25]. - Cash and cash equivalents as of March 31, 2024, were CNY 93,485,021.28, a decrease from CNY 116,142,378.54 as of December 31, 2023[15]. - The company’s cash and cash equivalents at the end of Q1 2024 stood at CNY 48,837,597.33, a decrease from CNY 41,360,045.92 at the end of Q1 2023[25]. - Cash inflow from financing activities in Q1 2024 was CNY 22,945,303.59, an increase from CNY 20,098,501.48 in Q1 2023[25]. Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 1,284,465,455.46, down 0.94% from the end of the previous year[7]. - Total assets as of March 31, 2024, were CNY 1,284,465,455.46, down from CNY 1,296,613,421.62 at the end of 2023[17]. - Total liabilities increased to CNY 844,856,372.48 from CNY 833,027,418.70, indicating a rise of 1.0%[17]. - Shareholders' equity attributable to the parent company decreased by 5.63% to CNY 395,588,192.01[7]. - The company's equity attributable to shareholders decreased to CNY 395,588,192.01 from CNY 419,198,745.34, a decline of 5.6%[18]. Operational Metrics - The decline in revenue was attributed to a decrease in sales volume during the reporting period[9]. - The company is facing challenges with increased costs and a decrease in collections impacting bad debt provisions[9]. - Total operating costs for Q1 2024 were CNY 61,538,627.76, down 10.1% from CNY 68,333,084.80 in Q1 2023[20]. - Accounts receivable decreased to CNY 225,755,878.42 from CNY 231,710,794.36, reflecting a decline of 2.6%[16]. - Inventory increased to CNY 252,508,289.56 from CNY 230,371,954.18, representing a growth of 9.6%[16]. - Research and development expenses decreased to CNY 4,009,771.13 in Q1 2024 from CNY 5,201,935.86 in Q1 2023, reflecting a reduction in investment in innovation[21]. Shareholder Information - The top ten shareholders include Huzhou New Home Investment Management Co., Ltd. with a 16.85% stake and Starlight Agricultural Holdings Group Co., Ltd. with a 15.91% stake[12]. Earnings Per Share - The company reported a basic and diluted earnings per share of CNY -0.089 for the quarter[6]. - The basic and diluted earnings per share for Q1 2024 were both CNY -0.089, compared to CNY -0.0042 in Q1 2023[22].