烽火通信(600498) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 5,058,809,265.97, representing a year-on-year increase of 0.85%[4] - The net profit attributable to shareholders for Q1 2024 was CNY 41,476,510.66, reflecting a year-on-year increase of 10.93%[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 41,832,238.99, with a year-on-year increase of 10.34%[4] - The net profit for Q1 2024 is CNY 40,736,637.83, an increase from CNY 36,611,945.82 in the same period last year, representing a growth of approximately 5.8%[22] - The net profit attributable to shareholders of the parent company is CNY 41,476,510.66, up from CNY 37,390,370.18, indicating a year-over-year increase of about 5.6%[22] - The comprehensive income total for Q1 2024 is CNY 31,967,564.29, compared to CNY 48,081,849.10 in the prior year, reflecting a decline of about 33.4%[22] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -1,861,796,926.92, showing a year-on-year decrease of 42.58%[4] - Cash and cash equivalents decreased by 30.84% primarily due to net outflows from operating activities[7] - The net cash flow from operating activities for Q1 2024 was -1,861,796,926.92 RMB, an improvement from -3,242,223,163.09 RMB in Q1 2023, indicating a 42.5% reduction in cash outflow[49] - The total cash outflow from operating activities in Q1 2024 was 8,029,700,342.97 RMB, compared to 9,548,890,282.45 RMB in Q1 2023, marking a decrease of about 15.9%[49] - The ending cash and cash equivalents balance was CNY 1.76 billion, compared to CNY 1.02 billion at the end of Q1 2023, showing an increase of approximately 72.5%[55] Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 40,925,959,598.94, down 2.40% from the end of the previous year[5] - Total liabilities amount to CNY 25,979,276,369.47, a decrease from CNY 27,018,879,684.32, reflecting a reduction of approximately 3.9%[22] - The total assets amount to CNY 40,925,959,598.94, down from CNY 41,933,585,233.82, indicating a decrease of approximately 2.4%[22] - Total liabilities amounted to 22,734,840,510.45 RMB, a decrease from 23,925,214,585.55 RMB in the previous period, reflecting a reduction of approximately 5%[62] - The company's total equity reached 10,286,547,147.35 RMB, up from 9,874,701,230.93 RMB, representing an increase of approximately 4.2%[62] Borrowings and Financing - Short-term borrowings increased by 35.15%, with a balance of CNY 2,738,550,627.10 at the end of the quarter, up CNY 712 million from the beginning of the year[7] - The company's short-term borrowings increased to 2,040,481,530.52 RMB in Q1 2024 from 1,328,633,718.52 RMB in Q1 2023, representing a rise of about 53.5%[51] - The company reported a cash flow statement for Q1 2024, indicating ongoing financial management efforts[65] - The company’s long-term borrowings increased to 45,400,000.00 RMB from 5,000,000.00 RMB, reflecting a significant rise in financing activities[62] Operational Efficiency - Total operating costs for Q1 2024 were ¥5,143,445,985.73, compared to ¥5,058,685,007.10 in Q1 2023, indicating an increase of about 1.68%[46] - The company reported a significant increase in other income, which rose to ¥78,533,843.18 from ¥33,873,031.68 in the previous year[46] - The company’s financial expenses for Q1 2024 were ¥93,655,515.60, compared to ¥12,310,482.56 in Q1 2023, indicating a substantial increase[46] - The company’s investment income decreased to ¥38,112,574.39 from ¥64,427,196.62 year-over-year, reflecting a decline of approximately 40.83%[46] Inventory and Receivables - Accounts receivable decreased to ¥12,046,109,813.69 from ¥12,411,795,063.89, showing a reduction of about 2.94%[39] - Inventory increased to ¥10,817,403,012.16 from ¥9,718,931,893.58, marking an increase of approximately 11.34%[39] - The company's inventory increased to 6,246,876,289.45 RMB in Q1 2024 from 5,918,900,112.93 RMB in Q1 2023, representing a growth of approximately 5.6%[51] Research and Development - Research and development expenses for Q1 2024 were 268,031,937.19 RMB, slightly up from 264,615,408.28 RMB in Q1 2023, indicating a 1.6% increase[53]