Dcenti(603335)2024-04-29 12:27Financial Performance - The company's operating revenue for Q1 2024 was ¥341,693,889.88, representing a decrease of 35.69% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥12,139,094.00, which is an increase in loss of 58.07% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥11,162,003.28, reflecting a 62.44% increase in loss compared to the previous year[5]. - The basic and diluted earnings per share were both -¥0.03, indicating a 57.14% increase in loss compared to the same period last year[5]. - The weighted average return on equity was -3.07%, an increase of 2.8 percentage points year-on-year[5]. - Total operating revenue for Q1 2024 was ¥341,693,889.88, a decrease of 35.7% compared to ¥531,324,901.56 in Q1 2023[20]. - Net loss for Q1 2024 was ¥13,882,181.42, compared to a net loss of ¥42,312,374.58 in Q1 2023, representing a 67.2% improvement[21]. - The total equity attributable to shareholders was ¥400,927,231.12 in Q1 2024, slightly down from ¥401,804,209.55 in Q1 2023[18]. - The company reported a gross profit margin of approximately -1.6% in Q1 2024, compared to -10.7% in Q1 2023[20]. - Other comprehensive income after tax for Q1 2024 was ¥246,473.49, compared to a loss of ¥2,744,594.09 in Q1 2023[21]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥9,559,312.21, showing an increase of 108.16% year-on-year[5]. - Cash inflow from operating activities in Q1 2024 was 330,559,748.72 RMB, down 36.3% from 519,011,071.85 RMB in Q1 2023[22]. - Net cash flow from operating activities for Q1 2024 was 9,559,312.21 RMB, a significant improvement from -117,205,272.95 RMB in Q1 2023[22]. - Cash outflow for investing activities in Q1 2024 totaled 54,057,967.64 RMB, compared to 97,484,530.07 RMB in Q1 2023[23]. - Net cash flow from investing activities for Q1 2024 was -48,412,499.04 RMB, an improvement from -93,448,133.59 RMB in Q1 2023[23]. - Cash inflow from financing activities in Q1 2024 was 212,260,536.92 RMB, down 47.5% from 404,261,473.47 RMB in Q1 2023[23]. - Net cash flow from financing activities for Q1 2024 was 31,895,371.58 RMB, a decrease from 276,461,607.72 RMB in Q1 2023[23]. - The ending balance of cash and cash equivalents for Q1 2024 was 96,523,183.93 RMB, down from 160,891,822.88 RMB in Q1 2023[23]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,518,273,697.61, a decrease of 4.32% from the end of the previous year[6]. - The company's total liabilities decreased to ¥949,541,734.07 in Q1 2024 from ¥1,022,270,333.58 in Q1 2023, a reduction of 7.1%[18]. - The total assets decreased to ¥1,518,273,697.61 in Q1 2024 from ¥1,586,782,123.17 in Q1 2023, a decline of 4.3%[19]. - The company’s long-term borrowings increased to ¥154,533,640.64 in Q1 2024 from ¥116,188,945.02 in Q1 2023, an increase of 33.0%[18]. - The company reported a decrease in short-term borrowings to RMB 425.76 million from RMB 534.38 million, indicating improved liquidity management[17]. - The total equity attributable to shareholders decreased slightly by 0.22% to ¥400,927,231.12 compared to the end of the previous year[6]. Inventory and Receivables - Accounts receivable increased to RMB 116.95 million from RMB 79.19 million, indicating a significant rise in credit sales[16]. - Inventory levels rose to RMB 358.68 million, compared to RMB 350.79 million at the end of 2023, reflecting ongoing operational activities[16]. Company Strategy and Operations - The company attributed the decline in revenue to lower prices of new material products and production capacity not being fully released due to the Spring Festival holiday and new production line adjustments[8]. - The company plans to implement precise sales and procurement strategies to reduce inventory and control production costs, which contributed to the narrowing of losses[8]. - The company is actively involved in the development of new products and technologies, although specific details were not disclosed in the report[12]. - Research and development expenses for Q1 2024 were ¥3,993,640.64, a significant decrease of 57.9% from ¥9,487,670.32 in Q1 2023[20]. Guarantees and Financial Standing - The company provided guarantees for subsidiaries with a total expected limit not exceeding RMB 650 million, with current guarantees totaling RMB 306.4 million, accounting for 76.26% of the latest audited net assets[13]. - The company has no overdue guarantees provided to shareholders or related parties, maintaining a clean financial standing[13].