SBT(688392)2024-04-26 13:47Financial Performance - The company's operating revenue for Q1 2024 was ¥120,601,968.13, representing a decrease of 25.75% compared to the same period last year[5]. - The net profit attributable to shareholders for Q1 2024 was ¥1,049,237.34, down 96.59% year-over-year[5]. - Basic earnings per share for Q1 2024 were ¥0.01, reflecting a decline of 96.30% compared to the previous year[6]. - The operating profit for Q1 2024 was -¥1,955,258.07, compared to an operating profit of ¥32,206,746.80 in Q1 2023, indicating a significant decline[24]. - The net profit for Q1 2024 was ¥991,894.49, a sharp decrease from ¥30,209,581.95 in Q1 2023[24]. - The company reported a comprehensive income total of ¥974,299.90 for Q1 2024, significantly lower than ¥30,209,581.95 in Q1 2023[25]. Cash Flow - The net cash flow from operating activities was -¥67,837,073.52, primarily due to a decrease in customer payments during the reporting period[10]. - In Q1 2024, the cash inflow from operating activities totaled approximately 87.05 million in Q1 2023[27]. - The net cash outflow from operating activities was approximately -31.64 million in the same period last year[28]. - The net cash flow from investing activities was approximately -240.06 million in Q1 2023, indicating increased investment expenditures[29]. - The ending cash and cash equivalents balance was approximately 756.02 million at the end of Q1 2023, reflecting a decrease in cash reserves[29]. - The company reported a total cash outflow of approximately 202.73 million in Q1 2023[29]. Assets and Liabilities - Total assets at the end of Q1 2024 were ¥2,092,992,496.33, a decrease of 3.65% from the end of the previous year[6]. - The total liabilities decreased to ¥404,434,909.66 in Q1 2024 from ¥420,917,780.54 in Q1 2023, a reduction of 3.1%[21]. - The equity attributable to shareholders decreased to ¥1,688,650,829.49 in Q1 2024 from ¥1,751,372,101.67 in Q1 2023, a decline of 3.6%[21]. Research and Development - Research and development expenses totaled ¥34,702,616.59, an increase of 47.33% year-over-year, accounting for 28.77% of operating revenue[6]. - The R&D expenses increased to ¥34,702,616.59 in Q1 2024, up from ¥23,555,049.85 in Q1 2023, representing a growth of 47.3%[24]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 4,496[13]. - The largest shareholder, Jiangsu Yangtai Enterprise Management Co., Ltd., holds 21,834,053 shares, accounting for 19.02% of total shares[13]. - The top 10 shareholders hold significant stakes, with the second-largest shareholder, Zhou Hongjian, owning 16,225,303 shares, or 14.13%[13]. - The company has a total of 1,233,022 shares held in the repurchase account, representing 1.07% of the total share capital[14]. - The company plans to implement a restricted stock incentive plan starting April 2024, granting 2,581,500 shares at a price of RMB 36.22 per share[16]. - The company has a total of 258,150 restricted stock options to be granted to 234 incentive objects[16]. Inventory and Current Assets - The company's inventory as of March 31, 2024, is valued at RMB 212,169,149.31, down from RMB 226,522,197.82[19]. - The total current assets as of March 31, 2024, are RMB 1,960,589,020.60, compared to RMB 2,051,064,733.99 at the end of 2023[19]. - The company reported an increase in trading financial assets to RMB 516,226,583.49 from RMB 266,550,746.79[19]. Exchange Rate Impact - The company experienced a negative impact of approximately -$16,581.32 from exchange rate fluctuations on cash and cash equivalents[29].