碧兴物联(688671) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥48,359,013.48, representing a decrease of 33.01% compared to the same period last year[2] - The net profit attributable to shareholders was a loss of ¥1,881,386.78, a decline of 113.74% year-over-year[2] - Basic and diluted earnings per share were both -¥0.02, reflecting a decrease of 108.70% year-over-year due to the drop in net profit[2] - In Q1 2024, the company reported a net profit of -2,066,630.87 RMB, a significant decrease compared to a net profit of 13,903,383.52 RMB in Q1 2023[15] - The company's operating profit for Q1 2024 was -2,917,686.61 RMB, compared to an operating profit of 15,649,905.99 RMB in Q1 2023[15] Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥42,139,437.03, an increase in outflow of 20.53% compared to the previous year[2] - Cash flow from operating activities in Q1 2024 was -42,139,437.03 RMB, worsening from -34,962,645.29 RMB in Q1 2023[19] - The company generated 37,807,462.56 RMB in cash from sales in Q1 2024, a decline of about 45.7% from 69,561,541.46 RMB in Q1 2023[18] - The company’s cash and cash equivalents at the end of Q1 2024 were 42,598,352.16 RMB, down from 161,217,822.84 RMB at the end of Q1 2023[20] - Cash and cash equivalents as of March 31, 2024, were CNY 186,487,247.09, down from CNY 261,566,215.32 as of December 31, 2023, representing a decline of 28.69%[11] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥1,386,221,862.83, down 4.94% from the end of the previous year[3] - Total current assets decreased to CNY 1,325,700,117.20 from CNY 1,395,167,001.05, reflecting a reduction of 4.97%[11] - Total liabilities decreased to CNY 240,237,106.14 from CNY 310,218,567.79, a reduction of 22.52%[13] - The company's total assets as of March 31, 2024, were CNY 1,386,221,862.83, down from CNY 1,458,269,955.36, reflecting a decrease of 4.93%[12] - Non-current liabilities totaled CNY 17,297,103.63, slightly up from CNY 16,788,640.62, an increase of 3.02%[13] Shareholder Information - The equity attributable to shareholders decreased slightly by 0.16% to ¥1,142,673,142.58 compared to the end of the previous year[3] - The company’s equity attributable to shareholders decreased to CNY 1,142,673,142.58 from CNY 1,144,554,529.36, a decline of 0.16%[13] - The total number of ordinary shareholders at the end of the reporting period was 5,743[6] Operational Efficiency and Costs - Research and development expenses totaled ¥8,835,736.69, accounting for 18.27% of revenue, which is an increase of 5.53 percentage points year-over-year[2] - The total operating costs for Q1 2024 were 54,670,569.11 RMB, down from 66,588,180.48 RMB in the same period last year, representing a reduction of approximately 18%[15] - The company reported no new products or technologies in the current quarter, focusing instead on operational efficiency and cost management strategies[10] Investment and Income - Non-recurring gains and losses amounted to ¥2,131,446.19, primarily from government subsidies and fair value changes of financial assets[4] - The company reported a significant increase in investment income, reaching 1,380,789.33 RMB in Q1 2024, up from 813,831.92 RMB in Q1 2023[15] - Investment activities generated a net cash inflow of 28,957,514.80 RMB in Q1 2024, compared to a net cash outflow of -21,539,751.69 RMB in Q1 2023[19] Economic Conditions - The company experienced a significant decline in revenue due to overall economic conditions, reduced orders, and project delivery delays[4] - Total operating revenue for Q1 2024 was CNY 48,359,013.48, a decrease of 32.97% compared to CNY 72,183,533.28 in Q1 2023[14] - Accounts receivable increased to CNY 265,150,635.86 from CNY 247,241,699.90, marking an increase of 7.23%[11] - Inventory rose to CNY 203,528,801.57, up from CNY 186,481,355.99, indicating a growth of 9.14%[11]