ZOTYE(000980)2024-04-29 18:01Cash Flow and Investment Activities - The net cash inflow from investment activities was $6,303,258.95, an increase of 44.94% compared to $4,348,932.52 in the previous period[7]. - The cash outflow for long-term asset purchases decreased by 82.89% to $2,146,191.71 from $12,542,884.74 in the previous period[7]. - The net cash flow from financing activities was -$10,387,094.74, a decrease of 112.27% compared to $84,680,710.68 in the previous period[7]. - Cash inflow from operating activities totaled ¥292,232,949.09, down 36.01% from ¥456,679,019.31 in the previous year[38]. - Cash outflow from operating activities was ¥321,646,974.82, a decrease of 41.97% compared to ¥554,299,555.31 last year[38]. - The company reported a net cash flow from investment activities of ¥4,157,067.24, compared to -¥8,193,952.22 in the previous year, indicating a positive shift[36]. Financial Performance - The net profit for the period was -$125,688,555.12, an improvement from -$187,895,750.27 in the previous period[13]. - The total comprehensive income for the period was -$125,688,555.12, compared to -$187,895,750.27 in the previous period, indicating a significant reduction in losses[13]. - Total operating revenue for Q1 2024 was CNY 113,287,396.70, a decrease of 30.4% compared to CNY 162,806,170.11 in the same period last year[30]. - The company reported a net loss of CNY 1,730,482.63 due to credit impairment losses, compared to a gain of CNY 2,153,185.12 in the previous year[30]. - Net loss attributable to shareholders was ¥124,206,642.55, improving by 33.81% from a loss of ¥187,644,558.11 in the previous year[36]. - The company reported a net loss of ¥124,206,642.55 for the current period, compared to a loss of ¥122,000,000 in the previous period[52]. Assets and Liabilities - The total equity attributable to shareholders of the parent company decreased to $1,374,080,545.78 from $1,498,287,188.33, reflecting a decline of 8.31%[12]. - The total liabilities and equity amounted to $6,081,535,670.83, down from $6,179,196,278.99, indicating a decrease of 1.58%[12]. - Total assets at the end of the period were ¥6,081,535,670.83, a decrease of 1.58% from ¥6,179,196,278.99 at the end of the previous year[36]. - Current liabilities increased from ¥3,226,772,338.45 to ¥3,240,424,531.54, an increase of about 0.42%[44]. - Non-current liabilities rose from ¥1,448,829,534.95 to ¥1,463,205,288.82, reflecting an increase of approximately 0.99%[44]. - Total liabilities increased from ¥4,675,601,873.40 to ¥4,703,629,820.36, marking a rise of about 0.60%[44]. Shareholder Information - The company has a total of 192,246 common shareholders at the end of the reporting period[24]. - Jiangsu ShenShang Holdings Group Co., Ltd. holds the largest share at 14.81%, with 747,000,000 shares frozen[24]. - The number of shareholders with unrestricted shares includes major stakeholders such as Jiangsu Shen Shang Holding Group with 747 million shares[56]. Research and Development - Research and development expenses for Q1 2024 were CNY 1,326,237.21, a significant drop of 55.6% compared to CNY 2,985,595.48 in the previous year[30]. - The company reported a significant reduction in R&D expenses, which were ¥1,326,237.21, down 55.58% from ¥2,985,595.48[38]. Future Outlook - The company is focusing on market expansion and new product development strategies to improve future performance[31]. - The company is set to implement new accounting standards starting from 2024, which may affect future financial reporting[48].