巨轮智能(002031) - 2024 Q1 - 季度财报

Financial Performance - Revenue for the first quarter decreased by 22.73% to RMB 158.98 million compared to the same period last year[11] - Net profit attributable to shareholders of the listed company was RMB -14.14 million, a decrease of 356.07% year-on-year[11] - Net profit attributable to parent company owners was -14,137,350.18 RMB, a significant decline compared to the previous period's 5,520,968.84 RMB[18] - Total comprehensive income was -15,780,717.92 RMB, down from 5,305,126.14 RMB in the previous period[19] - Basic earnings per share were -0.0064 RMB, compared to 0.0025 RMB in the previous period[19] - Sales revenue from goods and services was 220,035,435.20 RMB, an increase from 132,632,316.34 RMB in the previous period[20] - Non-recurring gains and losses amounted to RMB 2.51 million, mainly due to government subsidies and other non-operating income[12] Cash Flow - Net cash flow from operating activities was RMB -238.71 million, a decrease of 3,866.05% compared to the same period last year[11] - Cash flow from operating activities was -238,711,197.67 RMB, a substantial decrease from -6,018,864.72 RMB in the previous period[20] - Cash flow from investing activities was -35,661,628.40 RMB, compared to 127,302,481.25 RMB in the previous period[22] - Cash flow from financing activities was 5,034,327.58 RMB, an improvement from -34,673,918.45 RMB in the previous period[22] - Cash and cash equivalents at the end of the period were 116,875,560.74 RMB, down from 258,947,825.45 RMB in the previous period[22] - Cash paid for goods and services was 417,843,281.49 RMB, significantly higher than 102,867,121.44 RMB in the previous period[20] - Cash received from disposal of subsidiaries and other business units was 37,906,400.00 RMB[22] Assets and Liabilities - The company's monetary funds decreased from RMB 387.95 million at the beginning of the period to RMB 123.64 million at the end of the period[9] - Accounts receivable increased from RMB 318.10 million at the beginning of the period to RMB 354.53 million at the end of the period[9] - Prepayments increased significantly from RMB 145.30 million at the beginning of the period to RMB 454.77 million at the end of the period[9] - Inventory increased from RMB 326.37 million at the beginning of the period to RMB 409.87 million at the end of the period[9] - The company's total current assets increased slightly from RMB 1,602.37 million at the beginning of the period to RMB 1,670.19 million at the end of the period[9] - Total assets increased by 2.87% to RMB 4.32 billion compared to the end of the previous year[11] - Long-term receivables decreased slightly to RMB 16.20 million from RMB 16.47 million at the end of the previous year[14] - Fixed assets decreased to RMB 1.49 billion from RMB 1.52 billion at the end of the previous year[14] - Short-term borrowings increased to RMB 796.81 million from RMB 735.24 million at the end of the previous year[14] - Total liabilities increased to RMB 1.90 billion from RMB 1.76 billion at the end of the previous year[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 199,719[5] - The top shareholder, Wu Chaozhong, holds 11.79% of the shares, amounting to 259,210,587 shares[5] Management Changes - The company appointed a new Vice President and Board Secretary on January 8, 2024[7] - The company appointed a new CFO on January 30, 2024[8] Business Contracts - The company signed a sales contract for hydraulic vulcanizing machines with 10 tire manufacturers, with a total contract value of RMB 573.93 million, which is expected to positively impact the company's 2024 performance[8] - The significant decrease in net profit and cash flow was primarily due to increased prepayments for materials as a result of higher orders for vulcanizing machines[13]