QSY Tech(300437)2025-02-28 10:14Financial Performance - Revenue for Q1 2024 was CNY 285,843,137.73, an increase of 6.33% compared to CNY 268,824,274.64 in the same period last year[5] - Net profit attributable to shareholders decreased by 53.40% to CNY 3,402,793.17 from CNY 7,301,682.85 year-on-year[5] - Basic and diluted earnings per share fell by 53.55% to CNY 0.0131 from CNY 0.0282 in the same period last year[5] - The company reported a decrease of 34.84% in net profit after deducting non-recurring gains and losses, amounting to CNY 4,159,852.44 compared to CNY 6,383,827.32 last year[5] - Net profit for the current period was ¥4,103,867.20, a decrease of 45.5% from ¥7,503,589.83 in the previous period[22] - Operating profit decreased to ¥8,001,203.45 from ¥11,760,047.71, representing a decline of 32.5%[22] Cash Flow and Liquidity - Net cash flow from operating activities was negative at CNY -13,887,914.45, a decline of 176.91% compared to CNY 18,056,490.91 in the previous year[5] - Cash flow from operating activities showed a net outflow of ¥13,887,914.45, compared to a net inflow of ¥18,056,490.91 in the previous period[24] - Cash flow from investing activities resulted in a net outflow of ¥70,947.93, down from a net inflow of ¥35,451,622.43 previously[25] - Cash flow from financing activities recorded a net outflow of ¥43,207,067.22, an improvement from a net outflow of ¥85,832,987.49 in the previous period[25] - The ending cash and cash equivalents balance was ¥229,814,780.44, compared to ¥204,379,626.41 at the end of the previous period[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,710,043,990.04, down 1.73% from CNY 2,757,868,330.39 at the end of the previous year[5] - Total liabilities decreased from RMB 1,249,952,202.38 to RMB 1,211,931,850.65, indicating a reduction in financial obligations[18] - The company's equity attributable to shareholders decreased from RMB 1,497,027,484.83 to RMB 1,486,522,422.19, a reduction of about 0.9%[19] - Long-term borrowings increased from RMB 357,986,444.60 to RMB 379,506,044.46, an increase of approximately 6%[18] - The company’s total current liabilities decreased from RMB 856,557,484.72 to RMB 797,483,597.56, indicating improved liquidity management[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 31,500[10] - The largest shareholder, Wang Zhiqing, holds 36.77% of the shares, totaling 95,270,000 shares[10] - The company repurchased 2 million shares, accounting for 0.7720% of the total share capital, with a total transaction amount of approximately RMB 15.1 million[14] - The company plans to use repurchased shares for cancellation and corresponding reduction of registered capital[15] Operational Metrics - The gross margin for the main products, water treatment agents and derivatives, decreased, impacting net profit significantly[9] - Total operating costs amounted to ¥279,314,131.71, up from ¥263,939,572.25, reflecting a year-over-year increase of 5.8%[20] - The company reported a decrease in research and development expenses to ¥2,909,010.17 from ¥2,973,039.70, a reduction of 2.2%[20] - Inventory decreased from RMB 115,403,514.54 to RMB 111,082,540.22, a decline of approximately 3.7%[17] - Accounts receivable increased from RMB 313,201,592.52 to RMB 340,432,671.39, representing an increase of about 8.7%[17] Reporting and Auditing - The first quarter report is unaudited[26]