BLEST(SH:603959)2024-04-29 13:28Financial Performance - The company's revenue for Q1 2024 was ¥269,704,873.73, representing a decrease of 43.54% compared to the same period last year[6] - The net profit attributable to shareholders was -¥84,085,454.62, a decline of 220.76% year-on-year[6] - The basic and diluted earnings per share were both -¥0.171, reflecting a decrease of 219.72% compared to the previous year[6] - Total operating revenue for Q1 2024 was ¥269.70 million, a decrease of 43.6% compared to ¥477.67 million in Q1 2023[18] - Net profit for Q1 2024 was a loss of ¥89.85 million, compared to a profit of ¥66.31 million in Q1 2023, representing a significant decline[20] - The company reported a total comprehensive loss of ¥89.37 million in Q1 2024, compared to a comprehensive income of ¥66.05 million in Q1 2023[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,082,389,828.15, an increase of 0.92% from the end of the previous year[6] - Total current assets as of March 31, 2024, are ¥3,283,802,557.21, compared to ¥3,247,879,015.64 at the end of 2023, indicating a slight increase[15] - Total liabilities increased to ¥3,572,784,674.63 from ¥3,446,126,499.85, representing an increase of approximately 3.68%[17] - The total equity attributable to shareholders decreased to ¥456,316,283.57 from ¥539,917,238.19[17] Cash Flow - The company's cash flow from operating activities showed a net outflow of -¥21,421,102.69, which is a 91.78% increase in outflow compared to the previous year[6] - Cash flow from operating activities for Q1 2024 was a net outflow of ¥21.42 million, an improvement from a net outflow of ¥260.55 million in Q1 2023[22] - The company received cash inflows from operating activities totaling ¥669.00 million in Q1 2024, an increase of 30.9% from ¥510.79 million in Q1 2023[22] - The company’s cash outflows from operating activities were ¥690.43 million in Q1 2024, down 10.5% from ¥771.34 million in Q1 2023[22] - The net increase in cash and cash equivalents for the quarter was $9,736,716.99, contrasting with a decrease of $242,392,063.78 in the same quarter last year[23] - The ending balance of cash and cash equivalents was $147,573,604.98, compared to $88,228,080.71 at the end of the previous year[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 26,388[11] - The largest shareholder, Tibet Xinhai New Venture Investment Co., Ltd., holds 146,114,350 shares, accounting for 29.80% of total shares[11] - The company has not reported any significant changes in its major shareholders or their shareholding status during the reporting period[12] Research and Development - Research and development expenses increased by 64.62% year-on-year, indicating a focus on enhancing R&D efforts[8] - Research and development expenses increased to ¥33.93 million in Q1 2024, up 64.2% from ¥20.61 million in Q1 2023[19] Impairment and Investigations - The company reported a significant increase in asset impairment losses of 421.39% due to changes in migration rates[8] - The company is currently undergoing a special investigation regarding large prepayment situations as requested by independent directors due to audit concerns[2] Other Financial Metrics - The weighted average return on equity decreased by 26.92 percentage points to -17.08%[6] - The company reported a decrease in sales expenses to ¥8.62 million in Q1 2024, down from ¥10.11 million in Q1 2023[19] - Other income for Q1 2024 was ¥1.51 million, significantly higher than ¥0.45 million in Q1 2023[19] - In Q1 2024, the net cash flow from investing activities was -$2,961,985.97, compared to -$21,468,614.65 in the same period last year[23] - The total cash inflow from financing activities was $271,250,332.74, an increase from $211,260,000.00 year-over-year[23] - Cash outflow for debt repayment was $231,500,000.00, up from $164,900,000.00 in the previous year[23] - The net cash flow from financing activities was $34,120,095.40, slightly down from $39,622,995.47 year-over-year[23] - The company did not apply new accounting standards or interpretations starting in 2024[23]