Cloud Live Technology Group Co., Ltd. (stock code: 002306) is an enterprise focusing on technological innovation and new energy business. The company's financial report in the first quarter of 2024 showed significant changes in its business structure adjustment and financial management. This article will provide a detailed analysis and discussion of the balance sheet data, income data, and cash flow data of Cloud Live Technology Group's Q1 2024 report.

First of all, looking at the balance sheet data, as of March 31, 2024, Cloud Live Technology Group's total assets reached 692 million yuan, an increase of 2.08% from the end of the previous year. This growth was mainly due to the company's investment in new energy solar cell businesses, which led to a significant increase in inventory by 469.63% to 17 million yuan. At the same time, cash and cash equivalents decreased by 38.31% to 214.5 million yuan, mainly due to the payment of engineering and equipment fees for the solar cell project. Short-term borrowings increased by 169.90% to 326.7 million yuan, reflecting the company's increased borrowing to support the expansion of its new energy business. Accounts payable decreased by 39.03% to 163.2 million yuan, mainly due to the payment of equipment fees for the new energy business. Contract liabilities decreased by 61.22% to 19.7 million yuan, mainly due to a reduction in personnel for the employee dining project. Overall, the company has adjusted its balance sheet structure to support the development of its new energy business.

In terms of income data, Cloud Live Technology Group's operating income in Q1 2024 was 301.9 million yuan, a year-on-year decrease of 27.28%. This was mainly due to the disposal of its internet gaming business, which led to a decrease in operating income. Correspondingly, operating costs also decreased by 47.62% to 245 million yuan. Despite the decline in operating income, net income attributable to shareholders of the listed company was -14.25 million yuan, a significant improvement of 51.02% year-on-year. Net income after deducting non-recurring gains and losses was -14.2 million yuan, a year-on-year improvement of 52.99%. Basic earnings per share and diluted earnings per share were -0.0174 yuan and -0.0164 yuan, respectively, both showing significant improvement year-on-year. The gross profit margin increased from -12.67% in the same period last year to 18.84%, demonstrating the company's achievements in cost control and business structure adjustment.

Regarding cash flow data, the net cash flow from operating activities was -195.9 million yuan, a significant year-on-year decrease of 1,678.53%. This change was mainly due to the increase in new energy business and the decrease in returns from the employee dining project. The subtotal cash inflow from operating activities was 273.1 million yuan, a year-on-year decrease of 45.42%, while the subtotal cash outflow from operating activities was 469 million yuan, a year-on-year decrease of 3.93%. The net cash flow from investing activities was -275.1 million yuan, a year-on-year decrease of 37.35%, mainly due to the purchase of financial products by the subsidiary in the previous period. The net cash flow from financing activities was 337.8 million yuan, a year-on-year increase of 62.61%, mainly due to the subsidiary receiving loans.

Overall, Cloud Live Technology Group's financial performance in Q1 2024 reflects its efforts and achievements in business structure adjustment and cost control. Although operating income has declined, the company has achieved a significant reduction in net loss by optimizing its business structure and controlling costs. At the same time, the company's investment and expansion in the new energy business are also reflected in the balance sheet and cash flow data. In the future, Cloud Life Technology Group needs to continue to focus on optimizing its business structure and financial management to achieve sustainable development.