YONGYUE(SH:603879)2024-04-29 11:36Financial Performance - The company's operating revenue for Q1 2024 was ¥64,758,238.61, representing a year-on-year increase of 7.90%[6]. - Total operating revenue for Q1 2024 was ¥64,758,238.61, an increase of 7.3% compared to ¥60,016,694.44 in Q1 2023[25]. - Total operating costs rose to ¥80,308,798.21 in Q1 2024, up 14.7% from ¥69,959,603.15 in Q1 2023[25]. - Net loss for Q1 2024 was ¥12,188,175.13, compared to a net loss of ¥6,252,109.13 in Q1 2023, reflecting a 95.5% increase in losses[27]. - The company reported a total comprehensive loss of ¥11,899,957.86 in Q1 2024, compared to a loss of ¥6,832,409.64 in Q1 2023[27]. - Basic and diluted earnings per share for Q1 2024 were both -¥0.0338, compared to -¥0.0166 in Q1 2023[27]. Assets and Liabilities - Total assets at the end of the reporting period were ¥519,724,068.89, a decrease of 1.83% compared to the end of the previous year[7]. - As of March 31, 2024, total assets amount to RMB 519.724 million, a decrease from RMB 529.399 million as of December 31, 2023[22]. - Total liabilities as of March 31, 2024, are RMB 101.002 million, compared to RMB 99.256 million at the end of 2023[21]. - The company's total equity decreased from RMB 430.143 million at the end of 2023 to RMB 418.722 million as of March 31, 2024[22]. - The company's cash and cash equivalents decreased from RMB 68.283 million at the end of 2023 to RMB 61.424 million as of March 31, 2024[19]. - Cash and cash equivalents at the end of Q1 2024 totaled ¥61,423,637.12, down from ¥155,451,897.26 at the end of Q1 2023[32]. Shareholder Information - The company had a total of 53,432 common shareholders at the end of the reporting period[11]. - The largest shareholder, Jiangsu Huaying Enterprise Management Co., Ltd., held 62,159,500 shares, accounting for 17.23% of total shares[11]. - The controlling shareholder, Jiangsu Huaying Enterprise Management Co., Ltd., has a high pledge ratio of 98.94%, which poses a risk[13]. - The controlling shareholder has occupied company funds totaling RMB 66.307 million from 2022 to 2023, with an additional RMB 39.85 million occupied during the reporting period[14]. - As of April 15, 2024, the controlling shareholder has returned the occupied funds and related interest, resulting in a current balance of zero[14]. Cash Flow and Expenses - The company reported a net cash flow from operating activities of -¥571,495.31[6]. - Operating cash flow for Q1 2024 was negative at ¥571,495.31, a significant improvement from a negative cash flow of ¥42,335,786.33 in Q1 2023[31]. - Research and development expenses decreased to ¥1,896,186.20 in Q1 2024 from ¥2,918,297.65 in Q1 2023, a reduction of 35%[26]. - Sales expenses increased slightly to ¥3,665,472.29 in Q1 2024 from ¥3,553,244.70 in Q1 2023, reflecting a 3.2% rise[26]. - The company raised ¥8,000,000.00 through borrowings in Q1 2024, a decrease from ¥40,000,000.00 in Q1 2023[32]. Regulatory and Compliance - The company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws[15]. - The company reported non-recurring gains and losses totaling ¥512,932.87 for the period[10]. Share Repurchase - The company has initiated a share repurchase plan with a total amount not less than RMB 15 million and not exceeding RMB 30 million, with a repurchase price not exceeding RMB 6 per share[16]. - As of the report date, the company has repurchased 16,500 shares at an average price of RMB 4.37 per share, totaling RMB 72,105[16].