晶丰明源(688368) - 2024 Q1 - 季度财报

Financial Performance - The company achieved a revenue of CNY 318.67 million in Q1 2024, representing a year-on-year increase of 20.21%[4] - The net profit attributable to shareholders was a loss of CNY 29.40 million, which is a reduction in loss by CNY 31 million compared to the same period last year[6] - The gross margin for the main business products increased to 33.71%, up by 10.51 percentage points year-on-year[6] - The company's operating revenue increased by 20.21% compared to the previous year[9] - Total revenue for Q1 2024 reached RMB 318,671,912.60, an increase of 20.2% compared to RMB 265,086,171.19 in Q1 2023[20] - Total revenue from sales of goods and services reached CNY 340,034,857.73 in Q1 2024, up from CNY 262,063,397.77 in Q1 2023, reflecting a growth of approximately 29.8%[23] - The company's total comprehensive loss for Q1 2024 was CNY 24,831,762.59, compared to a loss of CNY 60,217,082.62 in Q1 2023, marking an improvement of approximately 58.8%[21] Research and Development - R&D investment totaled CNY 91.66 million, accounting for 28.76% of revenue, a decrease of 4.08 percentage points from the previous year[5] - Total R&D investment increased by 5.29%, influenced by the merger with Lingou Chuangxin and enhanced R&D efforts[9] - The proportion of R&D investment to operating revenue decreased by 4.08 percentage points, as revenue growth outpaced R&D investment growth[9] - Research and development expenses for Q1 2024 amounted to RMB 91,660,255.65, compared to RMB 87,051,722.89 in Q1 2023, indicating a growth of 5.8%[20] Cash Flow and Liquidity - The company’s cash flow from operating activities was CNY 71.59 million, an increase of 26.62% compared to the previous year[4] - The net cash flow from operating activities rose by 26.62%, attributed to accelerated consumption of long-term prepayments[9] - Cash and cash equivalents decreased to RMB 226,711,532.91 as of March 31, 2024, down from RMB 245,096,454.37 at the end of 2023, a decline of 7.0%[17] - The company’s cash flow from financing activities showed a net outflow of CNY 116,201,888.33 in Q1 2024, contrasting with a net inflow of CNY 46,501,174.98 in Q1 2023[24] - The ending balance of cash and cash equivalents decreased to 146,853,204.56 CNY in Q1 2024 from 451,292,734.52 CNY in Q1 2023, a decline of approximately 67.4%[33] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,294[11] - The top three shareholders hold a combined 62.78% of the shares, indicating significant ownership concentration[12] - The company plans to repurchase shares for equity incentives and to maintain company value and shareholder rights within 12 months[14] - The company repurchased a total of 721,655 shares, representing 1.15% of the total share capital, with a total expenditure of RMB 50,004,200.08[15] Assets and Liabilities - Total assets as of March 31, 2024, were CNY 2.19 billion, down 7.57% from the end of 2023[5] - Total assets as of March 31, 2024, were RMB 2,193,453,845.44, down from RMB 2,373,077,954.72 at the end of 2023, a decrease of 7.6%[20] - Total current liabilities decreased to RMB 564,309,192.78 as of March 31, 2024, from RMB 683,430,548.27 at the end of 2023, a reduction of 17.4%[19] - The company's total equity as of March 31, 2024, was RMB 1,425,017,634.12, down from RMB 1,471,463,246.83 at the end of 2023, a decline of 3.1%[20] Profitability Metrics - The company’s basic and diluted earnings per share were both -CNY 0.47, indicating a loss[4] - Basic earnings per share for Q1 2024 were -0.24 CNY, compared to -0.85 CNY in Q1 2023[32] - Operating profit for Q1 2024 was CNY -25,119,570.51, compared to CNY -59,560,140.68 in the same period last year, indicating a significant improvement[21] - The net profit for Q1 2024 was a loss of CNY 7,001,228.58, an improvement from a loss of CNY 53,515,247.23 in Q1 2023[30] - The company reported a net loss from fair value changes of RMB 1,418,310.79 in Q1 2024, compared to a gain of RMB 15,041,903.54 in Q1 2023[20]