东方通(300379) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 reached ¥75,697,977.39, representing a 102.01% increase compared to ¥37,473,290.92 in the same period last year[5] - The net profit attributable to shareholders was -¥72,937,985.93, an improvement of 17.66% from -¥88,584,434.68 year-on-year[5] - The net cash flow from operating activities was ¥108,174,360.47, a significant turnaround from -¥119,711,460.17 in the previous year, marking a 190.36% increase[5] - Basic earnings per share improved to -¥0.1296, a 32.61% increase from -¥0.1923 in the same period last year[5] - The company reported a net loss of ¥243,333,775.66 for Q1 2024, compared to a loss of ¥170,395,789.73 in the previous year, reflecting an increase in losses[23] - The total comprehensive income for the first quarter was -72,938,046.92 CNY, compared to -88,583,743.12 CNY in the same period last year[25] - Operating profit for the first quarter was -74,059,340.67 CNY, compared to -105,690,620.41 CNY in the previous year, indicating a reduction in operating loss of about 30%[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,171,529,747.09, a slight decrease of 0.04% from ¥4,173,124,884.13 at the end of the previous year[5] - Cash and cash equivalents decreased to ¥1,441,786,531.39 from ¥2,054,571,573.99, a decline of about 30%[22] - Accounts receivable decreased to ¥548,156,265.82 from ¥611,708,217.71, a reduction of approximately 10%[22] - Total current liabilities increased to ¥505,289,673.73 from ¥317,263,324.68, representing a rise of about 59%[22] - The company's total equity attributable to shareholders decreased to ¥3,610,308,902.28 from ¥3,802,357,702.55, a decline of approximately 5%[23] Research and Development - The company's R&D expenses decreased by 30.60% to ¥50,590,057.52 from ¥72,899,119.20 in the previous year, attributed to the completion of prior government R&D projects[11] - Research and development expenses for the quarter were ¥50,590,057.52, down from ¥72,899,119.20, indicating a decrease of approximately 31%[24] Share Repurchase and Ownership - The company repurchased a total of 8,800,000 shares, accounting for 1.55% of the total share capital of 566,722,828 shares, with a total transaction amount of RMB 119,147,425.57[18] - The maximum and minimum repurchase prices were RMB 14.60 and RMB 11.22 per share, respectively[18] - The company plans to use between RMB 80 million and RMB 120 million for the share repurchase program, which is intended for employee stock ownership plans or equity incentives[17] - The actual controller, Huang Yongjun, has increased his shareholding by 709,600 shares, representing 0.13% of the remaining share capital, with a total investment of RMB 10,005,360.00[19] - As of March 4, 2024, the company completed its share repurchase plan[18] - The company’s total restricted shares decreased from 37,220,086 to 28,204,339 due to the release of restrictions on certain executives[16] - Huang Yongjun holds 27,675,317 restricted shares after the release of 8,515,506 shares[16] Cash Flow and Investments - The company reported cash inflows from investment activities of 330,719,890.41 CNY, while cash outflows for investment activities totaled 932,409,354.00 CNY, resulting in a net cash outflow of -601,689,463.59 CNY[27] - Total cash and cash equivalents at the end of the first quarter stood at 1,432,031,718.56 CNY, down from 2,046,048,606.90 CNY at the beginning of the period, reflecting a decrease of 614,016,888.34 CNY during the quarter[28] Tax and Refunds - The company received 9,730,653.94 CNY in tax refunds during the quarter, compared to 18,713,741.63 CNY in the previous year[27] - The company incurred a total of 22,386,963.46 CNY in tax payments during the quarter, down from 75,407,133.39 CNY in the previous year[27] Strategic Focus - The company’s financial report indicates a focus on strategic growth and market expansion initiatives[20] - The company has not disclosed any new product or technology developments in this quarter[20] - There are no significant changes in the top 10 shareholders' financing and securities lending activities reported[16]