Financial Performance - The company's revenue for Q1 2024 was ¥300,032,335.71, representing a 1.49% increase compared to ¥295,628,668.83 in the same period last year[5]. - Net profit attributable to shareholders decreased by 4.14% to ¥25,270,891.13 from ¥26,362,374.89 year-on-year[5]. - Basic and diluted earnings per share both decreased by 4.11% to ¥0.2494 from ¥0.2601 in the same period last year[5]. - Total operating revenue for Q1 2024 was CNY 300,032,335.71, an increase of 1.4% compared to CNY 295,628,668.83 in the same period last year[23]. - Net profit for Q1 2024 was CNY 25,270,891.13, a decrease of 4.1% from CNY 26,362,374.89 in Q1 2023[25]. - Earnings per share for Q1 2024 were CNY 0.2494, down from CNY 0.2601 in the previous year[25]. Cash Flow - The net cash flow from operating activities was negative at -¥22,190,197.56, a decline of 435.65% compared to ¥6,611,022.87 in the previous year[5][13]. - The company reported a cash inflow from operating activities of CNY 256,530,154.88, slightly up from CNY 256,168,821.64 in the same period last year[27]. - Total cash inflow from investment activities was 273,596,797.41 CNY, while cash outflow was 258,845,749.18 CNY, resulting in a net cash flow of 14,751,048.23 CNY[28]. - The net increase in cash and cash equivalents was -33,255,452.56 CNY, contrasting with an increase of 34,148,505.99 CNY in the previous year[29]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,723,413,991.97, down 1.11% from ¥1,742,746,444.00 at the end of the previous year[5]. - The company's cash and cash equivalents decreased to CNY 481,027,383.96 from CNY 543,207,623.09, reflecting a decline of approximately 11.46%[20]. - Total liabilities decreased to CNY 401,066,242.55 from CNY 445,245,208.15, showing a reduction in financial obligations[22]. - The total current liabilities decreased to CNY 372,572,369.31 from CNY 416,327,268.53, showing a decline of approximately 10.50%[21]. Research and Development - The company's R&D expenses increased by 33.08% to ¥15,252,708.29, primarily due to higher personnel and material costs[11]. - Research and development expenses increased to CNY 15,252,708.29 from CNY 11,461,564.71, highlighting a focus on innovation[23]. Other Income and Expenses - Other income surged by 431.84% to ¥6,836,651.00, mainly due to an increase in government subsidies received[11]. - The company reported a significant decrease in investment income, down 99.14% to ¥37,397.26 from ¥4,324,270.39 year-on-year[11]. - Other comprehensive income after tax was reported at CNY -424,377.56, indicating a negative impact on overall comprehensive income[25]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,488, with no preferred shareholders[15]. - The company approved a stock incentive plan, granting 856,000 restricted shares at a price of CNY 13.78 per share to 27 eligible participants[18]. Inventory and Receivables - Accounts receivable increased to CNY 343,400,928.54 from CNY 325,480,894.30, representing a growth of about 5.63%[20]. - Inventory rose to CNY 210,811,788.69 from CNY 194,726,106.32, indicating an increase of approximately 8.26%[20]. - The company reported a significant increase in other receivables, which rose to CNY 8,335,813.66 from CNY 4,039,931.05, marking an increase of about 106.00%[20]. Fixed Assets - The company's fixed assets increased to CNY 333,375,288.50 from CNY 283,718,183.31, reflecting a growth of about 17.53%[21]. - Cash outflow for the purchase of fixed assets was 15,945,749.18 CNY, compared to 18,561,915.40 CNY in the previous year[28]. Audit Information - The company did not conduct an audit for the first quarter report[30].
天山电子(301379) - 2024 Q1 - 季度财报