中锐股份(002374) - 2024 Q1 - 季度财报

Revenue and Profitability - Revenue for Q1 2024 was CNY 165,874,935.79, an increase of 11.58% compared to CNY 148,655,448.93 in the same period last year[4] - The net loss for Q1 2024 was CNY 48,439,290.50, compared to a net loss of CNY 16,791,727.12 in the same period last year, indicating a significant decline in profitability[20] - Basic and diluted earnings per share for Q1 2024 were both CNY -0.0417, compared to CNY -0.0136 in Q1 2023, reflecting a worsening financial position[21] Cash Flow - Operating cash flow increased significantly by 1,444.05%, reaching CNY 5,088,920.33 compared to CNY 329,581.96 in the previous year[4] - The company reported a cash flow from operating activities of CNY 5,088,920.33, a notable increase from CNY 329,581.96 in Q1 2023[22] - The company experienced a net cash outflow from investing activities of CNY 5,192,811.45, compared to a net inflow of CNY 8,761,964.46 in the previous year[23] - Financing activities resulted in a net cash outflow of CNY 39,759,747.58, slightly improved from a net outflow of CNY 40,583,915.99 in Q1 2023[23] Assets and Liabilities - Total assets decreased by 2.82% to CNY 3,627,502,137.89 from CNY 3,732,671,385.05 at the end of the previous year[4] - The company's current assets decreased from RMB 2,324,917,259.64 to RMB 2,223,781,090.98, reflecting a decline of approximately 4.3%[18] - Total liabilities decreased from RMB 2,585,720,049.14 to RMB 2,530,312,858.11, a reduction of about 2.1%[19] Shareholders' Equity - Shareholders' equity attributable to the parent company decreased by 3.79% to CNY 1,149,068,966.96 from CNY 1,194,395,199.48[4] - The total equity attributable to the parent company decreased from RMB 1,194,395,199.48 to RMB 1,149,068,966.96, a decline of approximately 3.8%[19] Credit and Financial Expenses - The company reported a 936.35% increase in credit impairment losses compared to the same period last year, primarily due to higher provisions for receivables[10] - The company reported a significant increase in credit impairment losses, amounting to CNY -8,287,040.06, compared to CNY -799,635.24 in the previous year[20] - Financial expenses decreased by 51.91% year-on-year, attributed to lower financing fees and other costs[9] Changes in Management and Corporate Actions - The company appointed Zhou Kexuan as the new president in January 2024, following the resignation of former president Zhu Yahui[15] - The company’s application for a specific stock issuance was accepted by the Shenzhen Stock Exchange on April 12, 2024[16] Other Financial Metrics - Total operating costs rose to CNY 170,420,225.13, up from CNY 164,579,842.60, reflecting a year-over-year increase of 3.1%[20] - Other comprehensive income after tax for Q1 2024 was CNY -248,869.67, contrasting with a positive CNY 13,264.61 in Q1 2023[21] - Cash and cash equivalents at the end of Q1 2024 were CNY 66,783,682.95, down from CNY 87,193,629.04 at the end of Q1 2023[23] - Prepayments increased by 158.51% compared to the beginning of the year, indicating higher inventory procurement[8] - Accounts receivable slightly decreased from RMB 1,560,164,457.37 to RMB 1,554,865,599.07, a decrease of approximately 0.3%[18]