QTEDU(300359)2024-04-28 07:52Financial Performance - The company's revenue for Q1 2024 was ¥75,608,313.83, a decrease of 27.69% compared to ¥104,562,512.46 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥4,540,603.31, representing a decline of 34.39% from a loss of ¥3,378,649.10 in the previous year[4] - The net cash flow from operating activities was a negative ¥57,387,576.91, which is a 9.20% increase in cash outflow compared to ¥52,552,074.02 in the same period last year[4] - Total operating revenue for Q1 2024 was CNY 75,608,313.83, a decrease of 27.8% compared to CNY 104,562,512.46 in the same period last year[21] - Net profit for Q1 2024 was a loss of CNY 3,608,188.46, compared to a loss of CNY 2,564,928.89 in Q1 2023[22] - Operating profit for Q1 2024 was a loss of CNY 2,297,275.69, slightly improved from a loss of CNY 2,599,357.56 in Q1 2023[21] - The company's total equity stood at CNY 809,039,236.36 in Q1 2024, slightly down from CNY 812,268,452.35 in the same period last year[21] - The basic and diluted earnings per share for Q1 2024 were both -0.01, consistent with the previous year[22] Cash Flow - The net cash flow from operating activities for Q1 2024 was -57,387,576.91, compared to -52,552,074.02 in Q1 2023, indicating a decline in operational cash flow[25] - Total cash inflow from operating activities was 89,714,915.03, while cash outflow was 147,102,491.94, resulting in a net cash flow of -57,387,576.91[25] - Cash flow from investment activities showed a net inflow of 4,417.63, a significant improvement from -23,925,675.89 in the previous year[25] - The net cash flow from financing activities was -3,552,873.19, compared to -37,574,773.42 in Q1 2023, reflecting a reduction in cash outflow[26] - The total cash and cash equivalents at the end of Q1 2024 were 373,931,712.15, down from 400,819,731.21 at the end of Q1 2023[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,001,948,766.52, a decrease of 4.83% from ¥1,052,848,608.91 at the end of the previous year[4] - The total liabilities decreased to CNY 192,909,530.16 in Q1 2024 from CNY 240,580,156.56 in the previous year, showing a reduction in financial obligations[21] - Cash and cash equivalents decreased to CNY 383,049,454.76 from CNY 443,808,615.02, reflecting a decline of approximately 13.6%[18] - Accounts receivable slightly decreased to CNY 251,337,115.38 from CNY 252,424,759.77, indicating a minor reduction of about 0.4%[18] - The company reported a decrease in accounts payable by 36.67% to ¥48,552,016.37, primarily due to reduced procurement payments[6] Research and Development - Research and development expenses increased by 38.28% to ¥8,104,393.31, reflecting a commitment to enhance R&D efforts[7] - Research and development expenses increased to CNY 8,104,393.31 in Q1 2024, up from CNY 5,860,840.16 in the same period last year, reflecting a focus on innovation[21] Organizational Changes - The company appointed Zhou Bin as the new General Manager and Diao Xuejun as the new Deputy General Manager on January 15, 2024[14] - The company underwent an organizational restructuring to enhance operational efficiency and management levels, approved on January 15, 2024[15] Inventory and Investments - The company’s inventory increased slightly to CNY 15,963,985.80 from CNY 15,822,310.35, reflecting a growth of approximately 0.9%[18] - The company’s long-term equity investments remained stable at CNY 48,999,323.96, showing no significant change[18] - The company reported a total of CNY 60,765,902.09 in trading financial assets, down from CNY 69,199,689.43, a decrease of about 12.4%[18] - The company reported a total of CNY 7,636,820.70 in other non-current financial assets, unchanged from the previous period[18]