海信视像(600060) - 2024 Q1 - 季度财报

Revenue and Profit Performance - Revenue for the first quarter of 2024 reached RMB 12.70 billion, a year-on-year increase of 10.61%[3] - Total revenue for Q1 2024 reached RMB 12,701,521,770.12, a 10.6% increase compared to RMB 11,483,183,305.77 in Q1 2023[14] - Net profit attributable to shareholders of the listed company was RMB 466.73 million, a year-on-year decrease of 24.81%[3] - Net profit attributable to shareholders in Q1 2024 was RMB 14,190,371,480.72, a 3.4% increase from RMB 13,723,562,988.28 in Q1 2023[12] - Net profit attributable to parent company shareholders increased to 466.73 million USD, up from 620.70 million USD in the previous year[15] - Total comprehensive income for the quarter reached 547.06 million USD, compared to 703.66 million USD in the same period last year[15] - Sales revenue from goods and services increased to 14.10 billion USD, up from 12.41 billion USD in the previous year[16] Cash Flow and Financial Position - Operating cash flow decreased by 81.66% to RMB 344.53 million, mainly due to changes in sales rhythm and raw material reserve strategy[6] - Operating cash flow decreased significantly to 344.53 million USD from 1.88 billion USD in the previous year[16] - Investment cash flow increased to 721.16 million USD, up from 574.60 million USD in the prior year[16] - Financing cash flow showed a net outflow of 631.32 million USD, compared to 572.29 million USD in the previous year[17] - Cash and cash equivalents stood at RMB 2,779,606,707.59 as of March 31, 2024, a 22.4% increase from RMB 2,271,176,930.96 at the end of 2023[11] - Cash and cash equivalents at the end of the period stood at 2.00 billion USD, down from 3.39 billion USD in the previous year[17] - Total cash inflows from operating activities reached 14.38 billion USD, compared to 12.76 billion USD in the prior year[16] - Total cash outflows from operating activities increased to 14.04 billion USD, up from 10.88 billion USD in the previous year[16] Assets and Liabilities - Total assets decreased by 5.02% to RMB 42.84 billion compared to the end of the previous year[4] - Total assets as of March 31, 2024, were RMB 42,844,264,771.84, a 5.0% decrease from RMB 45,106,594,415.15 at the end of 2023[11] - Equity attributable to shareholders of the listed company increased by 1.20% to RMB 19.12 billion[4] - Total liabilities as of March 31, 2024, were RMB 17,555,980,692.39, an 11.7% decrease from RMB 19,874,338,273.36 at the end of 2023[12] Earnings and Shareholder Metrics - Basic earnings per share (EPS) decreased by 24.42% to RMB 0.359[3] - Weighted average return on equity (ROE) decreased by 0.68 percentage points to 2.44%[3] - Basic earnings per share decreased to 0.359 USD from 0.475 USD in the previous year[15] Shareholder Information - The top shareholder, Hisense Group Holding Co., Ltd., holds 30.07% of the shares[8] - The second-largest shareholder, Hisense Group Co., Ltd., holds 16.57% of the shares[8] Expenses and Investments - R&D expenses in Q1 2024 amounted to RMB 524,769,441.66, a 1.5% increase from RMB 517,084,093.42 in Q1 2023[14] - Sales expenses in Q1 2024 were RMB 768,737,130.56, a 0.8% increase from RMB 762,604,153.35 in Q1 2023[14] - Financial expenses in Q1 2024 were RMB 23,803,541.93, a 313.2% increase from RMB 5,762,250.65 in Q1 2023[14] Non-Recurring Items - Non-recurring gains and losses amounted to RMB 88.55 million, including government subsidies of RMB 36.87 million and gains from financial assets of RMB 110.58 million[5] Inventory and Operating Profit - Inventory as of March 31, 2024, was RMB 5,992,844,753.08, a 2.8% increase from RMB 5,831,227,294.02 at the end of 2023[11] - Operating profit for Q1 2024 was RMB 647,954,196.99, a 17.1% decrease from RMB 781,175,799.80 in Q1 2023[14]