Yiheda(301029)2024-04-28 07:51Revenue and Profit Performance - Revenue for the first quarter of 2024 was RMB 540.22 million, a decrease of 23.22% compared to the same period last year[5] - Net profit attributable to shareholders of the listed company was RMB 96.29 million, a decrease of 40.22% year-on-year[5] - The company's total operating revenue for the current period is 540,223,174.40, a decrease from the previous period's 703,557,294.31[37] - Operating profit for the period was RMB 109.78 million, compared to RMB 189.87 million in the previous period[39] - Net profit for the period was RMB 96.29 million, a decrease from RMB 161.07 million in the previous period[39] - Basic earnings per share (EPS) for the period was RMB 0.17, down from RMB 0.28 in the previous period[39] Operating Costs and Expenses - Operating costs for the current period are 446,707,543.99, down from 507,714,265.12 in the previous period[37] - Sales expenses increased to 28,968,165.59 from 26,833,016.76 in the previous period[37] - Management expenses decreased to 40,252,059.36 from 41,879,906.48 in the previous period[37] - R&D expenses decreased to 25,282,021.82 from 26,829,081.38 in the previous period[37] - Financial expenses showed a net income of 2,053,676.67, compared to 2,038,316.56 in the previous period[37] - Income tax expenses decreased by 53.76% to RMB 13.33 million, reflecting a reduction in total profit[8] Cash Flow and Financial Position - Operating cash flow increased significantly by 404.68% to RMB 250.98 million[5] - Cash and cash equivalents at the end of the period increased to RMB 1.29 billion, up from RMB 1.11 billion at the beginning of the period[43] - Net cash flow from operating activities improved significantly to 250,978,885.99 yuan from -82,375,475.03 yuan[54] - Cash received from sales of goods and services increased to 574,636,396.81 yuan from 461,135,919.89 yuan[54] - Cash paid for goods and services decreased to 172,173,972.30 yuan from 368,172,052.82 yuan[54] - Cash paid for employee benefits increased to 122,278,080.38 yuan from 118,717,924.07 yuan[54] - Cash paid for taxes decreased to 20,851,901.43 yuan from 39,619,114.85 yuan[54] - Net cash flow from investing activities was -73,665,886.53 yuan, slightly improved from -78,362,442.03 yuan[54] Assets and Liabilities - Total assets increased by 1.86% to RMB 3.72 billion compared to the end of the previous year[5] - Total assets increased to 3,716,699,619.43 yuan, up from 3,648,928,036.48 yuan in the previous period[48] - Accounts receivable decreased to RMB 683.16 million from RMB 813.85 million at the beginning of the period[47] - Inventory decreased to RMB 457.54 million from RMB 471.05 million at the beginning of the period[47] - Fixed assets decreased to RMB 683.10 million from RMB 695.82 million at the beginning of the period[47] - Construction in progress increased to RMB 165.58 million from RMB 99.84 million at the beginning of the period[47] - Deferred tax assets decreased to 9,955,252.83 yuan from 11,337,829.50 yuan[48] - Non-current assets increased to 1,050,553,786.15 yuan from 999,966,196.41 yuan[48] - Total liabilities decreased to 547,433,186.84 yuan from 575,969,547.77 yuan[48] Other Income and Expenses - The company's other income surged by 1174.09% to RMB 8.82 million due to the impact of the advanced manufacturing industry's VAT deduction policy[8] - Other income increased significantly to 8,820,498.57 from 692,297.73 in the previous period[37] - Credit impairment losses turned positive at 8,458,512.77, compared to a loss of 6,164,359.74 in the previous period[37] - Asset impairment losses increased to 1,013,100.30 from 515,330.00 in the previous period[37] - Asset disposal losses were 3,888.84, compared to a gain of 14,215.94 in the previous period[37] Shareholder Equity and Investments - The company's total equity attributable to shareholders increased by 3.13% to RMB 3.17 billion[16] - Construction in progress increased by 65.85% to RMB 165.58 million, mainly due to the investment in the second phase of the South China Center for Intelligent Manufacturing Supply Chain[8] - Restricted shares held by major shareholders remained unchanged, with Jin Liguo holding 124.38 million shares and Zhang Hong holding 92.75 million shares[45] Accounts Receivable and Payable - The company's accounts receivable increased by 105.87% to RMB 4.72 million due to the receipt of commercial acceptance bills[8]