Halo Micro(SH:688173)2024-07-09 10:34Financial Performance - The company's operating revenue for Q1 2024 was CNY 122,908,664.18, representing a year-on-year increase of 205.94%[18]. - The net profit attributable to shareholders of the listed company was a loss of CNY 48,891,400.92, reflecting a decrease of 191.09% compared to the same period last year[18]. - The net cash flow from operating activities was a negative CNY 73,338,268.92, with no applicable year-on-year comparison[18]. - The basic earnings per share were CNY -0.119, a decrease of 190.15% year-on-year[18]. - The total assets at the end of the reporting period were CNY 1,926,546,593.70, down 4.45% from the end of the previous year[18]. - The equity attributable to shareholders of the listed company decreased by 5.22% to CNY 1,739,102,627.31 compared to the end of the previous year[18]. - The net loss for Q1 2024 was 54.15 million yuan, a decline of 191.09% compared to the previous year, primarily due to increased sales expenses and the absence of non-recurring gains[23]. - The total comprehensive income for the current period is -80,433,118.32 RMB, compared to 104,023,619.25 RMB in the previous year, reflecting a substantial decrease[70]. - The net profit for the current period is -48,891,400.92 RMB, compared to a net profit of 53,671,656.01 RMB in the same period last year, indicating a significant decline[68]. Revenue and Profitability - The company's total revenue for Q1 2024 increased by 205.94% compared to the same period last year, reaching a significant growth milestone[22]. - The gross profit margin for Q1 2024 decreased by 11.11 percentage points year-on-year, impacting overall profitability despite revenue growth[22]. - The company reported a gross profit of 39.89 million yuan for Q1 2024, an increase of 127.93% year-on-year[23]. - The gross profit for Q1 2024 was RMB 3,988.61 million, up 127.93% from RMB 1,749.93 million in the same period last year[49]. Research and Development - Research and development expenses totaled CNY 58,357,773.06, accounting for 47.48% of operating revenue, a decrease of 100.73 percentage points year-on-year[18]. - Research and development expenses as a percentage of revenue decreased by 100.73 percentage points, attributed to a significant rise in revenue[21]. - The company has maintained a high level of R&D investment, which is expected to support future growth despite the current financial challenges[46]. Cash Flow and Liquidity - Cash and cash equivalents at the end of the reporting period were ¥830,547,250.51, up from ¥621,125,207.73 in the previous period, an increase of 33.6%[58]. - The cash flow from operating activities shows a net outflow of -73,338,268.92 RMB, an improvement from -120,145,270.00 RMB in the same period last year[72]. - Cash inflow from investment activities is 554,532,072.75 RMB, compared to 453,110,109.11 RMB in the previous year, indicating growth in investment returns[72]. - The company has reported a significant increase in cash received from other operating activities, totaling 103,545,657.84 RMB, compared to 13,281,944.77 RMB last year[71]. Market and Competition - The company faces risks related to fluctuations in gross profit margins and potential declines in net profit due to market competition and technological advancements[7][15]. - The company continues to face risks related to macroeconomic factors, industry competition, and potential declines in market demand, which could impact future net profits[42]. - The company is actively addressing risks related to gross margin fluctuations and net profit declines, focusing on cost control and market demand management[23]. Shareholder Information - The number of shareholders at the end of the reporting period was 13,138, with the largest shareholder holding 22.89% of the shares[55]. - The top 10 shareholders collectively hold 69.85% of the total shares, indicating a concentrated ownership structure[55]. - The company has no significant changes in the top 10 shareholders due to margin trading activities during the reporting period[58]. Strategic Plans - The company plans to enhance its global market presence by leveraging its customer resources in both domestic and international markets, focusing on product innovation and high-quality acquisitions[23]. - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[58]. - The company aims to optimize its supply chain and reduce outsourcing costs through effective supplier resource allocation[23].