QuantumCTek(688027)2024-04-26 11:21Financial Performance - The company's operating revenue for Q1 2024 was ¥9,476,300.10, representing a decrease of 68.95% compared to the same period last year[6]. - The net profit attributable to shareholders of the listed company was -¥41,473,613.69, with a year-on-year decrease of ¥25,248,300[14]. - The net cash flow from operating activities was -¥51,733,993.65, a decrease of 2,762.44% year-on-year, primarily due to reduced customer payments[9]. - Total operating revenue for Q1 2024 was 9,476.3 million, a decrease from 30,514.6 million in Q1 2023[33]. - Net profit for Q1 2024 was -41,684.6 million, compared to -16,608.8 million in Q1 2023[35]. - Basic earnings per share for Q1 2024 were -0.52, compared to -0.20 in Q1 2023[38]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,729,070,228.69, a decrease of 3.00% from the end of the previous year[9]. - The equity attributable to shareholders of the listed company was ¥1,472,250,189.26, down 2.15% from the previous year[9]. - Total liabilities decreased from 269,194.3 million to 248,183.1 million year-over-year[30]. - Total equity decreased from 1,513,383.1 million to 1,480,887.1 million year-over-year[30]. Cash Flow - The net cash flow from operating activities was -51,733,993.65 RMB, a significant decrease compared to 1,943,106.14 RMB in the previous year[40]. - Cash inflow from investment activities totaled 432,852,557.63 RMB, down from 475,582,596.05 RMB year-over-year[40]. - The net cash flow from investment activities was 304,329,577.92 RMB, a substantial increase from 27,901,430.34 RMB in the previous year[40]. - Cash inflow from financing activities was 9,188,586.00 RMB, compared to 1,604,784.00 RMB in the previous year[40]. - The net cash flow from financing activities improved to 8,929,294.71 RMB from -790,711.04 RMB year-over-year[40]. - The ending balance of cash and cash equivalents was 725,156,134.21 RMB, an increase from 564,835,314.22 RMB in the previous year[41]. Research and Development - Research and development (R&D) expenses totaled ¥22,616,821.33, down 43.13% year-on-year, while R&D expenses accounted for 238.67% of operating revenue, an increase of 108.34 percentage points[9]. - Research and development expenses for Q1 2024 were 21,466.5 million, slightly down from 21,933.5 million in Q1 2023[33]. - The company has ongoing research and development efforts, with development expenditures reported at ¥16,624,036.19, an increase from ¥15,473,762.24[28]. Shareholder Information - The company had a total of 17,898 common shareholders at the end of the reporting period[18]. - The company plans to issue A-shares to specific investors as approved in the board meeting on March 11, 2024[24]. Other Financial Metrics - The weighted average return on net assets decreased by 1.80 percentage points to -2.80% due to the decline in net profit attributable to shareholders[9]. - The company reported non-recurring gains and losses totaling ¥4,184,528.39 for the period[12]. - The decrease in operating revenue was mainly attributed to a reduction in quantum communication product sales[14]. - Total current liabilities include contract liabilities of ¥51,313,206.06, up from ¥49,329,457.14[28]. - The company reported a significant increase in prepaid expenses to ¥13,291,788.81 from ¥11,680,184.29[25]. - Accounts receivable decreased to ¥114,145,321.95 from ¥140,170,418.51 year-over-year[25]. - Inventory rose to ¥159,092,708.52 compared to ¥136,015,938.55 in the previous year, indicating a growth of approximately 17%[25]. - The company's short-term borrowings and other liabilities were not specified, but accounts payable slightly decreased to ¥65,649,843.61 from ¥66,133,874.73[28]. - Sales expenses increased from 6,287.9 million in Q1 2023 to 7,725.5 million in Q1 2024[33]. - The company reported a significant increase in deferred income tax liabilities from 844.9 million to 597.2 million year-over-year[30]. - The company will implement new accounting standards starting in 2024, which may affect the financial statements[41]. - Cash paid for purchasing goods and services was 24,925,468.22 RMB, compared to 22,848,594.22 RMB in the previous year[42]. - Cash paid to employees was 43,251,907.83 RMB, an increase from 36,093,393.85 RMB year-over-year[42]. - Total cash inflow from operating activities was 39,024,010.76 RMB, down from 86,131,381.09 RMB year-over-year[42].