Financial Performance - The company's operating revenue for Q1 2024 was CNY 249.07 million, a decrease of 28.00% compared to the same period last year[4]. - The net profit attributable to shareholders was CNY 18.27 million, down 69.22% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 15.50 million, a decline of 72.16% compared to the previous year[4]. - The basic earnings per share were CNY 0.03, a decrease of 72.41% compared to the same period last year[4]. - Total operating revenue for Q1 2024 was ¥249,074,351.22, a decrease of 28.1% compared to ¥345,935,973.20 in Q1 2023[18]. - Net profit for Q1 2024 was ¥18,266,763.15, a decline of 69.2% from ¥59,345,537.87 in Q1 2023[19]. - Basic and diluted earnings per share for Q1 2024 were both ¥0.03, compared to ¥0.10 in Q1 2023[20]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 53.01 million, representing a decrease of 55.80% year-on-year[4]. - The company’s cash flow from operating activities showed a significant decline, reflecting challenges in revenue generation[22]. - The net cash flow from operating activities for Q1 2024 was $53,011,239.87, a decrease from $119,936,160.74 in the previous period[23]. - The cash inflow from operating activities was $250,133,169.03, down from $417,633,863.95 in the previous period[23]. - The cash balance at the end of the period was $1,683,050,900.45, an increase from $451,507,483.54 at the end of the previous period[24]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,965.90 million, an increase of 35.18% from the end of the previous year[5]. - The total current assets as of March 31, 2024, amounted to ¥2,324,451,123.22, a significant increase from ¥1,009,142,340.47 as of December 31, 2023, indicating a growth of approximately 130%[12]. - The total assets of the company as of March 31, 2024, were ¥4,965,902,608.01, compared to ¥3,673,441,770.36 at the end of 2023, representing an increase of approximately 35.2%[13]. - Total liabilities as of Q1 2024 were ¥762,157,980.86, down 13.8% from ¥884,623,931.48 in Q1 2023[15]. - The company reported a decrease in short-term borrowings to ¥40,589,864.58 from ¥120,229,023.46, a reduction of about 66.2%[13]. Research and Development - Research and development expenses totaled CNY 23.58 million, accounting for 9.47% of operating revenue, an increase of 0.8 percentage points[5]. - Research and development expenses for Q1 2024 were ¥23,582,848.80, a decrease of 21.5% from ¥29,993,812.58 in Q1 2023[18]. Shareholder Equity - Shareholders' equity attributable to the parent company was CNY 4,203.74 million, up 50.74% year-on-year[5]. - Total equity attributable to shareholders was ¥4,203,744,627.15 in Q1 2024, an increase of 50.9% from ¥2,788,817,838.88 in Q1 2023[15]. Non-Recurring Gains - The company reported non-recurring gains of CNY 276.53 million after tax, primarily from government subsidies[6]. Other Observations - The company has not reported any significant changes in the shareholder structure or any new strategies during the quarter[11]. - There were no new product launches or technological advancements mentioned in the earnings call[11]. - The company did not provide specific guidance for future performance or market expansion plans in the current report[11].
上海合晶(688584) - 2024 Q1 - 季度财报