Operating Performance - Q1 2024 operating income was 831,113,421.96 yuan, a decrease of 40.7% compared to the same period last year (1,402,730,802.83 yuan)[7] - Revenue decreased by 40.75% to 831,113,421.96 yuan due to inventory backlog and market demand fluctuations in overseas residential storage business[31][43] - Operating profit was 147,394,070.77, compared to 305,994,767.11 in the previous period, a decrease of approximately 51.8%[21] - Net profit for the quarter was 123,992,760.43, compared to 243,459,256.65 in the previous period, a decrease of approximately 49%[21] - Net profit attributable to shareholders decreased by 46.91% to 124,003,525.61 yuan[43] - Basic and diluted earnings per share were both 0.21, down from 0.40 in the previous period, a decrease of 47.5%[21] - Total comprehensive income was 124,312,716.91, compared to 243,482,965.42 in the previous period, a decrease of approximately 48.9%[21] Costs and Expenses - Q1 2024 operating costs were 700,956,224.85 yuan, a decrease of 37.3% compared to the same period last year (1,119,533,280.72 yuan)[7] - Operating costs decreased by 41.91% to 553,854,176.50 yuan, in line with reduced sales volume[31] - R&D expenses increased by 58.3% to 61,675,034.48 yuan in Q1 2024 compared to 38,973,174.84 yuan in the same period last year[7] - R&D expenses increased by 58.25% to 61,675,034.48 yuan due to higher salaries for additional R&D personnel and increased material usage[31] - Financial expenses showed a net income of 22,127,203.89 yuan in Q1 2024, compared to a net expense of 6,819,839.62 yuan in the same period last year[7] - Financial expenses decreased by 424.45% to -22,127,203.89 yuan due to increased deposit interest income and higher foreign exchange gains[31] Assets and Liabilities - Total assets at the end of Q1 2024 were 4,255,444,803.93 yuan, a decrease of 5.7% compared to the beginning of the period (4,512,918,905.80 yuan)[18] - Total assets decreased from 6,882,788,978.62 to 6,710,050,632.06, a decline of approximately 2.5%[19] - Total assets decreased by 2.51% to 6,710,050,632.06 yuan[43] - Total liabilities decreased from 2,572,681,542.93 to 2,262,732,074.53, a reduction of approximately 12%[19] - Equity attributable to shareholders increased by 3.25% to 4,359,041,293.41 yuan[43] - Monetary funds at the end of Q1 2024 were 1,427,051,885.63 yuan, a decrease of 8.1% compared to the beginning of the period (1,552,118,583.44 yuan)[18] - Accounts receivable at the end of Q1 2024 were 1,408,996,341.81 yuan, an increase of 2.2% compared to the beginning of the period (1,378,271,833.51 yuan)[18] - Inventory at the end of Q1 2024 was 1,093,364,963.60 yuan, a decrease of 0.6% compared to the beginning of the period (1,100,369,208.92 yuan)[18] - Fixed assets at the end of Q1 2024 were 1,084,162,444.33 yuan, a decrease of 1.1% compared to the beginning of the period (1,095,730,210.30 yuan)[18] - Short-term borrowings decreased from 112,540,279.21 to 48,000,000.00, a reduction of approximately 57.4%[19] - Accounts payable decreased from 985,631,071.22 to 757,871,624.08, a reduction of approximately 23.1%[19] - Contract liabilities increased from 186,665,004.92 to 210,751,963.06, an increase of approximately 12.9%[19] Cash Flow - Net cash flow from operating activities was negative at -50.67 million, compared to a positive 616.69 million in the previous period[22] - Net cash flow from operating activities decreased by 108.22% to -50,668,634.65 yuan, primarily due to reduced sales revenue[31][43] - Sales revenue from goods and services received in cash decreased to 833.28 million, down from 1.52 billion in the previous period[22] - Cash received from tax refunds dropped significantly to 23.37 million from 113.68 million in the previous period[22] - Cash paid for goods and services decreased to 684.23 million from 776.92 million in the previous period[22] - Cash paid to employees increased to 145.26 million from 134.16 million in the previous period[22] - Net cash flow from investing activities was negative at -8.19 million, compared to -215.25 million in the previous period[22] - Cash received from investment returns decreased to 6.52 million from 1.04 million in the previous period[22] - Cash paid for investments decreased to 216.65 million from 335.83 million in the previous period[22] - Net cash flow from financing activities improved by 40.82% to -110,106,236.32 yuan, mainly due to reduced bank acceptance guarantee payments[31][41] Investment and Income - Investment income increased by 720.58% to 3,214,832.07 yuan due to dividends from equity investments[31] - Other comprehensive income increased from 23,708.77 to 319,956.48, an increase of approximately 1,249.5%[21] Shareholder Information - The largest shareholder, Ningbo Kstar Venture Capital Partnership, holds 57.30% of the shares[28] - The total number of ordinary shareholders at the end of the reporting period was 73,669[28] Audit Status - The company's Q1 2024 report was unaudited[9]
科士达(002518) - 2024 Q1 - 季度财报
KSTAR(002518)2024-05-13 10:42