GZPR(SH:600684)2024-04-29 11:25Financial Performance - The company's operating revenue for Q1 2024 was ¥322,410,928.05, representing a decrease of 84.74% compared to the same period last year[5]. - Total operating revenue for Q1 2024 was CNY 1,686,260.64, a significant decrease from CNY 76,764,357.75 in Q1 2023, representing a decline of approximately 97.8%[32]. - The net profit attributable to shareholders of the listed company was a loss of ¥2,538,446.58, with a net profit excluding non-recurring gains and losses of ¥7,574,188.11[5]. - The net profit for Q1 2024 was -¥1,981,623.66, an improvement compared to -¥3,600,200.53 in Q1 2023, reflecting a decrease in losses of approximately 45%[23]. - Operating profit for Q1 2024 was a loss of CNY 17,259,688.23, compared to a loss of CNY 12,917,830.98 in Q1 2023, indicating a worsening of approximately 33.5%[32]. - Net profit for Q1 2024 was a loss of CNY 16,959,956.19, compared to a loss of CNY 12,744,248.00 in Q1 2023, reflecting an increase in losses of about 33.1%[32]. - The total comprehensive income for Q1 2024 was a loss of CNY 16,959,956.19, compared to a loss of CNY 1,801,980.69 in Q1 2023, reflecting a significant increase in losses[33]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥91,233,590.55, indicating a significant decrease in cash received from sales compared to the previous year[5][8]. - The company's cash flow from operating activities showed a significant change, with a focus on improving liquidity and reducing operational costs[24]. - In Q1 2024, the net cash flow from operating activities was -¥91,233,590.55, compared to -¥63,844,036.15 in Q1 2023, indicating a worsening cash flow situation[26]. - Total cash inflow from operating activities in Q1 2024 was ¥378,932,534.58, down 62.4% from ¥1,009,427,175.88 in Q1 2023[26]. - Cash outflow from operating activities in Q1 2024 was ¥470,166,125.13, a decrease of 56.3% compared to ¥1,073,271,212.03 in Q1 2023[26]. - The cash and cash equivalents at the end of Q1 2024 were ¥429,321,591.28, significantly lower than ¥990,776,775.40 at the end of Q1 2023[27]. - The company's cash and cash equivalents decreased to ¥434,023,031.40 from ¥1,141,355,114.81 as of December 31, 2023, a decline of approximately 61.9%[16]. Assets and Liabilities - Total assets at the end of Q1 2024 were ¥2,286,642,616.49, down 23.37% from the end of the previous year[6]. - The total assets decreased from ¥2,983,816,134.37 in the previous year to ¥2,286,642,616.49 in Q1 2024, a reduction of about 23.4%[18]. - The total liabilities decreased from ¥2,509,899,032.55 in Q1 2023 to ¥1,813,002,121.05 in Q1 2024, a decline of approximately 27.7%[18]. - The total liabilities as of March 31, 2024, were ¥1,319,868,316.59, a decrease from ¥1,934,768,261.78 as of December 31, 2023[31]. - The total equity as of March 31, 2024, was ¥355,094,497.18, down from ¥372,054,453.37 as of December 31, 2023[31]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 37,202[11]. - The largest shareholder, Guangzhou Pearl River Industrial Group Co., Ltd., holds 265,409,503 shares, representing 31.10% of total shares[11]. - The total number of shares held by the top 10 unrestricted shareholders is consistent with previous reports[11]. - The number of shares held by the top 10 shareholders remains unchanged in terms of lending and borrowing activities[13]. - The company has no significant changes in the shareholding structure due to lending or borrowing activities among the top shareholders[13]. Operational Changes and Strategies - The company completed a significant asset swap in 2023, resulting in the exclusion of a real estate company from the consolidated financial statements starting April 2023, which impacted revenue figures[8]. - The company is focusing on restructuring and optimizing its asset portfolio following the recent asset swap[8]. - The company plans to focus on market expansion and new product development to drive future growth, although specific figures were not disclosed[24]. - There are no significant new strategies or product developments mentioned in the current report[14]. - The company reported a decrease in research and development expenses to ¥2,161,096.99 in Q1 2024 from ¥2,225,709.00 in Q1 2023, a reduction of about 2.9%[22]. Financial Metrics - The basic and diluted earnings per share for the period were both reported as 0.00, reflecting the company's financial challenges[5][8]. - The weighted average return on net assets was -0.57%, indicating a negative performance in asset utilization[5]. - Non-recurring gains and losses for the period totaled -¥10,112,634.69, primarily due to losses from financial assets and government subsidies[7][8]. - The company reported a significant increase in other payables, rising from ¥773,086,064.78 in Q1 2023 to ¥1,266,573,711.31 in Q1 2024, an increase of approximately 64%[18]. - The company reported a significant increase in financial expenses, with interest expenses amounting to CNY 8,262,527.21 in Q1 2024, compared to CNY 102,080,986.60 in Q1 2023[32].