DAS-Security(SH:688023)2024-04-25 13:50Financial Performance - The company's operating revenue for Q1 2024 was ¥280,802,086.21, representing a decrease of 16.47% compared to the same period last year[4]. - The net profit attributable to shareholders was -¥200,369,144.75, indicating a significant loss[4]. - The net cash flow from operating activities was -¥358,258,437.75, reflecting ongoing cash flow challenges[5]. - Total operating revenue for Q1 2024 was ¥280,802,086.21, a decrease of 16.5% compared to ¥336,150,372.63 in Q1 2023[17]. - Net loss for Q1 2024 was ¥203,645,289.17, compared to a net loss of ¥192,894,086.05 in Q1 2023, indicating a worsening of 5.5%[18]. - Comprehensive income for Q1 2024 was -¥140,786,726.67, a significant decline from a positive comprehensive income of ¥7,878,038.95 in Q1 2023[19]. - Basic and diluted earnings per share for Q1 2024 were both -¥2.54, compared to -¥2.40 in Q1 2023[19]. Cash Flow and Liquidity - The net cash flow from operating activities was -358,258,437.75, compared to -418,523,348.22 in the previous year, indicating an improvement of approximately 14.4%[20]. - Total cash outflow from operating activities amounted to 785,515,839.01, down from 863,830,705.52, reflecting a decrease of about 9.1%[20]. - Cash inflow from investment activities was 291,110,148.27, an increase from 253,209,151.75, representing a growth of approximately 15%[20]. - The net cash flow from investment activities was -2,564,504.47, showing a significant improvement from -80,831,722.27 in the previous year[20]. - Cash inflow from financing activities totaled 76,796,470.08, down from 131,270,000.00, indicating a decline of about 41.5%[20]. - The net cash flow from financing activities was 21,085,449.69, a decrease of approximately 79.4% compared to 102,181,885.83 in the previous year[20]. - The total cash and cash equivalents at the end of the period were 1,182,547,788.88, down from 1,435,967,962.26, reflecting a decrease of about 17.6%[21]. - The cash and cash equivalents net increase was -339,737,483.28, compared to -397,173,184.66 in the previous year, showing an improvement of approximately 14.5%[21]. Expenses and Cost Management - Research and development expenses totaled ¥134,843,611.13, accounting for 48.02% of operating revenue, a decrease of 16.87% year-on-year[5]. - The company reported a significant reduction in sales, management, and R&D expenses, with a combined decrease of 19.81%, the largest drop in five years[6]. - Research and development expenses for Q1 2024 were ¥134,843,611.13, down from ¥162,200,162.67 in Q1 2023, a reduction of 16.8%[17]. - Sales expenses decreased to ¥165,896,110.78 in Q1 2024 from ¥212,625,318.58 in Q1 2023, a decline of 22.0%[17]. - The company paid 452,540,146.42 in employee-related cash payments, down from 524,876,556.59, indicating a reduction of about 13.8%[20]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,544,519,015.69, down 8.71% from the end of the previous year[5]. - As of March 31, 2024, the total assets amounted to RMB 4,544,519,015.69, a decrease from RMB 4,978,259,985.46 as of December 31, 2023, reflecting a decline of approximately 8.7%[14]. - The total current liabilities decreased to RMB 1,708,824,986.38 from RMB 1,990,024,381.77, representing a reduction of about 14.1%[16]. - The total liabilities decreased to RMB 2,102,874,835.95 from RMB 2,413,823,667.90, reflecting a decrease of about 12.9%[16]. - The total equity attributable to shareholders decreased to RMB 2,423,584,853.74 from RMB 2,559,900,847.15, a decline of approximately 5.3%[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,332[11]. - The top shareholder, Fan Yuan, holds 12.79% of the shares, followed by Hangzhou Alibaba Venture Capital with 10.14%[11].