*ST新纺(002087) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥473,848,549.99, a decrease of 50.19% compared to ¥951,324,035.58 in the same period last year[5] - The net loss attributable to shareholders was ¥67,662,473.90, representing a decline of 2,324.96% from a profit of ¥3,041,060.95 in the previous year[5] - Basic and diluted earnings per share were both -¥0.0834, a decrease of 2,354.05% from ¥0.0037 in the previous year[5] - The net loss for Q1 2024 was ¥67,662,473.90, compared to a net profit of ¥3,041,060.95 in Q1 2023, indicating a significant decline in profitability[15] - The comprehensive loss for Q1 2024 totaled ¥68,141,024.09, contrasting with a comprehensive income of ¥2,472,997.60 in Q1 2023[16] Cash Flow - The net cash flow from operating activities improved to ¥7,149,700.16, a 101.93% increase from a negative cash flow of ¥369,775,715.24 in the same period last year[5] - Total cash inflow from operating activities decreased to ¥568,646,676.19, down 47.9% from ¥1,091,337,612.92 in the previous period[17] - Cash outflow from operating activities also decreased to ¥561,496,976.03, down 61.6% from ¥1,461,113,328.16 in the previous period[17] - The net cash flow from financing activities was -¥15,484,508.27, a decrease compared to the previous period's net inflow of ¥364,795,080.69[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,430,285,543.55, down 2.03% from ¥5,542,824,671.01 at the end of the previous year[5] - The total liabilities decreased to ¥6,332,358,551.15 from ¥6,376,756,654.52, a decline of 0.69%[13] - The equity attributable to shareholders decreased to -¥902,073,007.60, an 8.17% decline from -¥833,931,983.51 at the end of the previous year[5] Operating Costs - The total operating revenue for Q1 2024 was ¥473,848,549.99, a decrease of 50.16% compared to ¥951,324,035.58 in Q1 2023[14] - The total operating costs for Q1 2024 were ¥507,517,807.16, down from ¥941,683,623.36 in the previous year, reflecting a reduction of 46.16%[14] Research and Development - Research and development expenses for Q1 2024 amounted to ¥19,043,673.09, indicating ongoing investment in innovation despite financial losses[14] Credit Risk - The company reported a credit impairment loss of ¥43,830,745.62 in Q1 2024, compared to ¥1,788,079.89 in the previous year, highlighting increased credit risk[15] Government Support - The company received government subsidies amounting to ¥1,862,939.33, contributing to its non-recurring gains[6] Cash and Cash Equivalents - Cash and cash equivalents decreased by 72.56% compared to the beginning of the year, primarily due to account restrictions leading to liquidity issues[8] - The ending balance of cash and cash equivalents decreased to ¥3,750,664.63 from ¥7,189,465.22 in the previous period[19] Other Information - The company reported significant declines in revenue, operating costs, and net profit due to liquidity constraints and a substantial drop in production and sales volumes[8] - The company has not yet disclosed any new product developments or market expansion strategies in the current report[20] - The first quarter report has not been audited, indicating that the figures may be subject to change[20]