FDM(002196)2024-04-29 17:41Financial Performance - The company's revenue for Q1 2024 was ¥486,045,523.39, representing a 9.11% increase compared to ¥445,480,311.19 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥8,338,320.63, a decrease of 202.04% from a profit of ¥8,171,973.90 in the previous year[5] - The net cash flow from operating activities decreased by 37.67% to ¥126,946,392.74 from ¥203,683,740.13 year-on-year[5] - Total operating revenue for Q1 2024 was CNY 486,045,523.39, an increase of 9.5% compared to CNY 445,480,311.19 in Q1 2023[19] - Net profit for Q1 2024 was a loss of CNY 8,414,046.57, compared to a profit of CNY 8,347,248.16 in Q1 2023, indicating a significant decline in profitability[20] - The total comprehensive income attributable to the parent company was -8,577,094.64 yuan, compared to 16,649,444.78 yuan in the previous period[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,179,594,324.36, an increase of 2.51% from ¥4,077,260,434.10 at the end of the previous year[5] - Total liabilities increased to CNY 2,775,468,177.96 in Q1 2024 from CNY 2,666,870,184.89 in Q1 2023, reflecting a rise of 4.1%[17] - The company's long-term equity investments rose to CNY 59,754,781.08 in Q1 2024, compared to CNY 55,468,326.36 in Q1 2023, an increase of 7.3%[16] - The company reported a decrease in total non-current liabilities to CNY 561,929,040.47 in Q1 2024 from CNY 598,846,845.04 in Q1 2023, a reduction of 6.2%[17] - The company’s total equity attributable to shareholders was CNY 1,402,217,261.17 in Q1 2024, slightly down from CNY 1,408,405,638.04 in Q1 2023, a decrease of 0.4%[17] Cash Flow - Net cash flow from operating activities was 126,946,392.74 yuan, a decrease from 203,683,740.13 yuan in the previous period[22] - Cash inflow from operating activities totaled 583,784,077.07 yuan, while cash outflow was 456,837,684.33 yuan[22] - Net cash flow from investing activities was -56,463,898.16 yuan, compared to -197,616,589.36 yuan in the previous period[23] - Cash flow from financing activities resulted in a net outflow of -20,040,250.07 yuan, contrasting with a net inflow of 11,631,337.26 yuan in the previous period[23] - The ending balance of cash and cash equivalents was 264,057,760.04 yuan, up from 232,997,562.86 yuan at the end of the previous period[23] Operational Metrics - The company's basic earnings per share were -¥0.0168, down 202.44% from ¥0.0164 in the same period last year[5] - The weighted average return on net assets was -0.59%, down from 0.65% in the previous year[5] - Research and development expenses increased to CNY 39,764,540.00 in Q1 2024, compared to CNY 36,300,746.69 in Q1 2023, marking a growth of 12.5%[19] - Total operating costs for Q1 2024 were CNY 509,002,636.61, up from CNY 452,802,917.83 in the previous year, reflecting a rise of 12.4%[19] Regulatory Issues - The company was fined CNY 4 million by the China Securities Regulatory Commission for information disclosure violations, with additional penalties for key executives totaling CNY 210 million[12] - The company received a warning and was ordered to rectify its practices following the administrative penalty issued on January 19, 2024[12] - The company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws[12] Other Financial Metrics - Other income increased by 200.28% year-on-year, primarily due to an increase in government subsidies[9] - The company reported a significant increase in notes receivable, rising from CNY 59,118,719.06 to CNY 227,929,155.65, an increase of approximately 285.5%[15] - The total amount of receivables financing increased from CNY 180,680,009.95 to CNY 283,911,644.06, reflecting a growth of about 57.1%[15] - Accounts receivable decreased significantly from CNY 1,078,556,189.25 to CNY 724,934,311.02, a reduction of approximately 32.8%[15] - Inventory rose to CNY 321,157,292.60 from CNY 277,190,122.90, indicating an increase of around 15.9%[15] - Cash and cash equivalents increased to CNY 470,212,133.03 from CNY 403,012,938.32, representing a growth of about 16.6%[15] Product Development and Strategy - The company has not disclosed any new product developments or market expansion strategies in the current report[11] Audit Status - The first quarter report was not audited[24]