秦川物联(688528) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 101,390,072.23, representing a year-on-year increase of 101.83%[6] - The net profit attributable to shareholders was a loss of CNY 6,133,831.55, a reduction in loss by CNY 8,737,697.03 compared to the previous year[8] - Total operating revenue for Q1 2024 reached ¥101,390,072.23, a significant increase of 101.5% compared to ¥50,234,319.06 in Q1 2023[24] - Net loss for Q1 2024 was ¥5,961,840.77, an improvement from a net loss of ¥14,871,528.58 in Q1 2023[26] - Basic and diluted earnings per share for Q1 2024 were both -¥0.037, compared to -¥0.089 in Q1 2023[27] - Operating profit for Q1 2024 was reported at -¥4,648,797.19, an improvement from -¥17,320,550.02 in Q1 2023[39] - Net profit for Q1 2024 was -¥2,068,627.24, compared to -¥13,059,496.62 in the same period last year, indicating a reduction in losses[40] Cash Flow and Liquidity - The net cash flow from operating activities was a negative CNY 14,343,923.24, indicating challenges in cash generation despite revenue growth[6] - Cash received from sales and services in Q1 2024 was ¥65,601,714.07, an increase from ¥48,595,388.69 in Q1 2023[30] - Net cash flow from operating activities for Q1 2024 was -14,343,923.24 RMB, an improvement from -23,993,420.55 RMB in Q1 2023, indicating a 40.5% reduction in cash outflow[31] - Total cash and cash equivalents at the end of Q1 2024 decreased to 63,315,287.19 RMB from 203,240,880.75 RMB at the end of Q4 2023, representing a decline of 68.8%[32] - Cash inflow from financing activities in Q1 2024 was 20,000,000.00 RMB, an increase from 15,000,000.00 RMB in Q1 2023, marking a growth of 33.3%[32] - Cash outflow from financing activities surged to 101,048,479.87 RMB in Q1 2024, compared to 22,581,697.22 RMB in Q1 2023, indicating a significant increase of 347.5%[32] - The company’s cash flow from operating activities showed a positive trend, indicating improved liquidity and operational efficiency[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 947,589,726.19, down 6.54% from the end of the previous year[7] - The company's total assets as of March 31, 2024, were 941,376,656.95 RMB, down from 1,003,073,291.29 RMB at the end of 2023, a decrease of 6.2%[36] - Total liabilities as of Q1 2024 amounted to ¥314,151,658.80, a decrease from ¥322,541,022.24 in the previous year[24] - The company’s total liabilities decreased to 289,677,448.91 RMB from 297,341,169.05 RMB, a reduction of 2.2%[37] - The company's long-term equity investments decreased from RMB 1,318,727.13 to RMB 1,199,079.10, a decrease of approximately 9%[22] - The company's total current liabilities increased from RMB 54,065,266.65 to RMB 49,057,627.77, reflecting a decrease of about 9.3%[22] Research and Development - Research and development expenses totaled CNY 16,311,658.76, accounting for 16.09% of operating revenue, a decrease of 13.27 percentage points year-on-year[7] - Research and development expenses for Q1 2024 totaled ¥16,311,658.76, compared to ¥14,749,655.73 in Q1 2023, reflecting a 10.6% increase[24] - The initial phase of business development for smart sensors and related components has resulted in lower production volumes and capacity utilization, impacting profitability[8] - The company is focusing on expanding its market for IoT smart gas meters, which significantly contributed to revenue growth[7] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,558[15] - As of March 31, 2024, the company has repurchased a total of 10,151,801 shares, accounting for 6.04% of the total share capital of 168,000,000 shares[18] - The company plans to repurchase shares with a total amount not less than RMB 40 million and not exceeding RMB 80 million, with a buyback price not exceeding RMB 12.25 per share[17] - The company reported a total of 422,214,784.31 RMB in current assets as of March 31, 2024, down from 477,065,266.06 RMB at the end of 2023, reflecting a decrease of 11.5%[34] - The company reported a total of 6,743,643 shares repurchased by March 31, 2024, which was 4.01% of the total share capital[16]