Yusys Technologies(300674)2024-04-28 08:07Revenue and Profit Performance - Revenue for Q1 2024 decreased by 24.25% year-over-year to 600.63 million yuan[4] - Net profit attributable to shareholders decreased by 23.29% year-over-year to 32.11 million yuan[4] - Total operating revenue for the current period is 600,631,525.41 RMB, a decrease from the previous period's 792,954,602.04 RMB[38] - Operating profit for the current period is 30,647,131.28 RMB, compared to 40,677,075.41 RMB in the previous period[40] - Net profit attributable to the parent company's owners is 32,112,877.23 RMB, down from 41,862,915.16 RMB in the previous period[40] - Net profit for the quarter was 0.00 yuan[42] Cash Flow and Financial Position - Operating cash flow improved by 31.86% year-over-year to -299.31 million yuan[4] - Cash outflow from financing activities increased by 733.34% year-over-year to -40.08 million yuan, mainly due to increased stock repurchases and new borrowings[17] - Operating cash inflow decreased to 645,288,418.87 yuan from 695,694,307.41 yuan in the previous period[42] - Operating cash outflow decreased to 944,603,103.31 yuan from 1,134,934,267.39 yuan in the previous period[42] - Net cash flow from operating activities improved to -299,314,684.44 yuan from -439,239,959.98 yuan in the previous period[42] - Investment cash inflow was 250,500,614.25 yuan, primarily from other investment-related activities[42] - Net cash flow from investment activities was -104,645,263.93 yuan[43] - Net cash flow from financing activities was -40,076,296.54 yuan[43] - Cash and cash equivalents decreased by 444,490,961.00 yuan to 1,589,789,705.50 yuan at the end of the quarter[43] Assets and Liabilities - Total assets decreased by 1.66% compared to the end of the previous year to 5.47 billion yuan[4] - Total assets decreased from RMB 5,566,284,502.98 to RMB 5,473,861,603.90 compared to the beginning of the period[33] - The company's monetary funds decreased from RMB 2,038,010,622.09 to RMB 1,593,446,556.16[33] - The company's inventory increased from RMB 1,116,335,066.77 to RMB 1,311,780,495.08[33] - The company's total liabilities decreased from RMB 1,429,234,586.43 to RMB 1,420,379,120.54[35] - The company's short-term borrowings increased to RMB 97,809,444.44[35] - The company's contract liabilities decreased from RMB 432,754,416.46 to RMB 424,791,308.82[35] - The company's total equity remained stable at RMB 704,057,060.00[35] - Total liabilities and owner's equity amount to 5,473,861,603.90 RMB, a slight decrease from 5,566,284,502.98 RMB in the previous period[37] - Total owner's equity is 4,053,482,483.36 RMB, compared to 4,137,049,916.55 RMB in the previous period[37] Shareholder and Equity Information - The total number of ordinary shareholders at the end of the reporting period is 43,119[18] - Zhuhai Yuqin Hongtai Venture Capital Group holds 26.17% of the shares, totaling 184,256,896 shares[18] - PORT WING DEVELOPMENT COMPANY LIMITED holds 4.97% of the shares, totaling 34,971,592 shares[18] - Baidu (China) Co., Ltd. holds 3.64% of the shares, totaling 25,600,000 shares[18] - The top 10 shareholders hold a combined 41.28% of the shares[18] - The company's 2024 Q1 report shows no changes in the top 10 shareholders due to securities lending or borrowing[20] - The company's restricted shares decreased by 6,707,184 shares in Q1 2024, with a remaining 716,340 shares still restricted[23] - The company repurchased 10,773,018 shares, accounting for 1.53% of the total shares, with a total repurchase amount of RMB 131,674,814.55[30][31] Investments and Subsidiaries - Investment income increased by 115.07% year-over-year to 1.29 million yuan, driven by gains from equity method investments[13] - The company's subsidiary invested in an overseas investment fund using its own funds[23] - The company invested 100 million, focusing on fintech and digital innovation opportunities in Southeast Asia[25] Expenses and Other Financial Metrics - Share-based compensation expenses for the quarter were 15.52 million yuan[10] - Prepaid expenses increased by 47.19% year-over-year to 1.44 million yuan due to higher prepayments for integrated projects[13] - Research and development expenses for the current period are 56,965,073.45 RMB, down from 62,542,685.25 RMB in the previous period[38] - Financial expenses show a net income of 8,050,714.13 RMB, compared to a net income of 1,429,864.73 RMB in the previous period[38] - Other comprehensive income for the current period is 487,363.74 RMB, an improvement from -2,278,689.58 RMB in the previous period[40] - Total comprehensive income for the current period is 32,603,402.00 RMB, compared to 35,774,049.76 RMB in the previous period[40] - Basic earnings per share for the current period is 0.05 RMB, down from 0.06 RMB in the previous period[40] Business Segments and Margins - System integration sales and service revenue decreased by 50% year-over-year, contributing to the overall revenue decline[10] - Gross margin for software development and services increased by 1.5 percentage points year-over-year[10] Audit and Reporting - The company's first-quarter report was unaudited[43]