联合光电(300691) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was CNY 382,328,516.03, representing a 15.94% increase compared to CNY 329,750,339.04 in the same period last year[4]. - The net profit attributable to shareholders was a loss of CNY 1,465,254.84, a decrease of 117.04% from a profit of CNY 8,599,932.65 in the previous year[4]. - The total operating revenue for Q1 2024 was CNY 382,328,516.03, an increase of 15.9% compared to CNY 329,750,339.04 in the same period last year[27]. - The total operating costs for Q1 2024 were CNY 394,070,425.67, up 22% from CNY 323,778,427.34 in Q1 2023[27]. - The net profit for Q1 2024 was -1,105,219.09 CNY, a significant decline compared to the net profit of 8,614,274.20 CNY in the same period last year, representing a year-over-year decrease of approximately 112.8%[28]. - The total comprehensive income for Q1 2024 was -1,344,616.15 CNY, compared to 8,157,751.22 CNY in Q1 2023, indicating a decline of about 116.5%[29]. - The company reported a decrease in operating profit, with a loss of -910,601.79 CNY in Q1 2024 compared to a profit of 12,067,173.34 CNY in Q1 2023, indicating a decline of approximately 107.5%[28]. Cash Flow and Investments - The net cash flow from operating activities was negative CNY 29,650,512.04, down 116.68% from CNY 177,774,473.14 in the same period last year[4]. - Operating cash flow for Q1 2024 was -29,650,512.04 CNY, a decrease from 177,774,473.14 CNY in the previous year, reflecting a change of approximately -116.7%[32]. - The company’s investment activities resulted in a net cash outflow of -204,072,732.55 CNY in Q1 2024, compared to -16,885,586.07 CNY in the previous year, reflecting a worsening of about 1,109.5%[33]. - The company’s financing activities generated a net cash inflow of 93,474,853.58 CNY in Q1 2024, a recovery from a net outflow of -40,449,434.27 CNY in Q1 2023[33]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 2,624,943,499.35, a 0.55% increase from CNY 2,610,646,719.41 at the end of the previous year[4]. - The total liabilities were CNY 1,029,097,693.88, compared to CNY 971,482,686.44 at the beginning of the period, indicating an increase of 5.9%[25]. - The cash and cash equivalents at the end of the period were CNY 323,393,197.51, slightly up from CNY 319,721,286.28 at the beginning of the period[22]. - The inventory at the end of the period was CNY 413,905,423.74, up from CNY 366,552,697.62 at the beginning of the period, reflecting a 12.9% increase[22]. - The long-term equity investments increased to CNY 157,703,717.82 from CNY 139,525,856.63, marking a growth of 13%[23]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 19,427[12]. - The company has a significant number of unrestricted shares held by major shareholders, including 17,465,371 shares held by Guangbo Investment Co., Ltd.[13]. - The company’s major shareholders include Wang Yiren with 13,783,956 shares and Gong Junqiang with 10,016,068 shares[13]. - The company’s shareholding structure indicates a concentration of ownership among a few key shareholders, which may impact governance and decision-making[13]. - The company reported a decrease in restricted shares held by executives, with a total of 75,818,380 shares remaining after the release of 4,569,775 shares[16]. - The company has a total of 74,582,753 restricted shares, with various reasons for their restriction including executive lock-up and stock incentive plans[16]. Strategic Initiatives - The company plans to acquire 65% of Xi'an Weipu Optoelectronics Technology Co., enhancing its product structure and market competitiveness in the infrared lens sector[18]. - The company is currently in the due diligence phase for the acquisition of Xi'an Weipu, which is expected to strengthen its technological advantages[18]. - The company launched a 2024 employee stock ownership plan aiming to raise up to CNY 24,442,250[20]. - As of February 28, 2024, the company completed a share buyback of 2,793,400 shares, representing 1.0377% of the total share capital, with a total transaction amount of 46,490,604.00 RMB[19]. - The maximum and minimum prices during the share buyback were 20.30 RMB and 12.50 RMB per share, respectively[19]. Research and Development - The company's R&D expenses increased to CNY 48,877,163.02, representing a 48.7% rise from CNY 32,847,773.61 in the previous year[27].