Hytera(002583)2024-04-29 17:44Financial Performance - Total revenue for Q1 2024 reached CNY 1,421,692,574.12, an increase from CNY 1,206,897,374.20 in the same period last year, representing a growth of approximately 17.7%[8] - Net profit for Q1 2024 was CNY 100,544,059.87, compared to a net loss of CNY 61,292,975.90 in Q1 2023, indicating a significant turnaround[6] - Operating profit for Q1 2024 was CNY 125,632,817.36, a recovery from an operating loss of CNY 64,509,869.89 in the previous year[6] - The company's operating revenue for the reporting period increased by 408.62 million yuan, representing a growth of 47.68% compared to the previous year[29] - Net profit attributable to shareholders was ¥112,263,011.79, a significant turnaround from a loss of ¥56,325,223.36 in the same period last year, marking a 299.31% increase[47] - The net profit after deducting non-recurring gains and losses was ¥86,316,254.71, compared to a loss of ¥62,036,996.12 last year, reflecting a 239.14% improvement[47] - Basic earnings per share rose to ¥0.0617, compared to a loss of ¥0.0310 in the previous year, indicating a 299.03% increase[47] - The total comprehensive income attributable to the parent company was ¥90,067,583.03, compared to a loss of ¥79,397,727.54 in the previous period[84] - Basic and diluted earnings per share improved to ¥0.0617 from a loss of ¥0.0310[84] Cash Flow and Assets - Cash flow from operating activities for Q1 2024 was CNY 21,412,122.26, a decrease from CNY 79,946,286.80 in Q1 2023[9] - The company's cash and cash equivalents at the end of Q1 2024 were CNY 884,591,293.01, compared to CNY 820,445,520.21 at the end of Q1 2023, reflecting an increase of approximately 7.8%[10] - The total assets at the end of the reporting period were ¥11,907,582,748.99, a slight increase of 0.74% from the end of the previous year[47] - The company's total assets amounted to 11.91 billion yuan, an increase from 11.82 billion yuan at the beginning of the period[41] - Cash and cash equivalents rose to ¥1,321,154,894.68, up from ¥1,157,323,921.70, indicating an increase of about 14.1%[79] - The total current assets increased to ¥7,105,432,730.04 from ¥6,967,079,130.06, reflecting a growth of approximately 2.0%[79] - Inventory increased to ¥1,857,004,617.72 from ¥1,703,018,036.70, representing a growth of approximately 9.1%[79] Liabilities and Equity - Total liabilities as of the end of Q1 2024 amounted to CNY 5,787,683,846.03, slightly up from CNY 5,779,236,202.63 at the end of the previous year[4] - The company’s long-term borrowings increased to CNY 207,875,082.10 from CNY 199,268,235.11 year-over-year, indicating a rise of approximately 4.0%[4] - The total equity of the company remained stable at CNY 4,663,527,000.78, with no significant changes compared to the previous year[4] Operating Costs and Expenses - The company's total operating costs for the reporting period were 1.20 billion yuan, compared to 953.54 million yuan in the previous period[43] - The company's income tax expense increased by 27.61 million yuan, a significant rise of 478.49% year-on-year[34] - Financial expenses rose by ¥8.97 million (31.74%) primarily due to exchange rate fluctuations[56] - The company's operating costs increased by ¥215.79 million (49.51%) due to higher sales volume during the reporting period[55] Other Income and Gains - The company reported other income of CNY 56,561,475.52 in Q1 2024, up from CNY 30,234,213.71 in the same period last year, marking an increase of about 87.0%[6] - The company's non-current asset disposal gain was 107,117.83 yuan, while government subsidies recognized in the current period totaled 28,996,351.30 yuan[24] - The net cash flow from investment activities increased by 17.88 million yuan, up 25.13% year-on-year, primarily due to a reduction in investment expenditures[34] Accounts Receivable and Impairments - The company's accounts receivable financing increased by 21.60 million yuan, a rise of 42.46% compared to the beginning of the period[26] - The company's accounts receivable decreased by ¥73.6 million (-33.41%) due to increased cash recovery from matured receivables[50] - The company reported a decrease in accounts receivable from ¥2,550,501,017.36 to ¥2,501,124,002.21, a decline of approximately 1.9%[79] - The company's credit impairment losses increased by 820,000 yuan, reflecting a 42.08% increase year-on-year[32] Future Outlook and Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[3] - The company is expected to continue focusing on market expansion and new product development, although specific future guidance was not detailed in the provided content[84] - The company maintained a focus on high-quality development, with a 50% increase in specialized communication business revenue and over 80% growth in EMS business driven by orders in the new energy vehicle sector[49] Audit Status - The company has not yet audited the first quarter report, indicating that the figures may be subject to change[88]