联创电子(002036) - 2025 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2025 was CNY 2.18 billion, a decrease of 11.71% compared to CNY 2.47 billion in the same period last year[6] - Net profit attributable to shareholders was CNY 3.26 million, a significant increase of 104.73% from a net loss of CNY 68.96 million in the previous year[6] - Total operating revenue decreased to ¥2,176,728,189.33 from ¥2,465,473,014.92, representing a decline of approximately 11.7% year-over-year[22] - Operating profit turned negative at -¥2,102,792.38 compared to -¥79,057,433.03 in the previous period, showing an improvement in loss[23] - Net profit for the period was -¥7,724,022.39, an improvement from -¥80,695,909.20 year-over-year[23] - Total comprehensive income attributable to the parent company was 2,152,897.70, compared to a loss of 68,052,791.79 in the previous period[24] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of CNY 22.10 million, an increase of 29.56% compared to CNY 17.06 million in the previous year[6] - Net cash flow from operating activities was 2,209,901.01, an increase from 1,705,656.15 in the previous period[26] - Cash received from sales of goods and services was 1,928,835,769.09, down from 2,181,828,007.26 in the previous period, indicating a decrease of approximately 11.5%[25] - Cash outflow for purchasing goods and services was 1,749,815,358.70, compared to 2,004,036,295.38 in the previous period, reflecting a decrease of about 12.7%[26] - Cash flow from financing activities generated a net inflow of 265,191,598.76, up from 81,038,628.58 in the previous period[26] - The company recorded a net cash outflow from investing activities of -306,204,789.37, an improvement from -379,645,325.04 in the previous period[26] Assets and Liabilities - Total assets at the end of the reporting period were CNY 17.34 billion, reflecting a growth of 7.77% from CNY 16.09 billion at the end of the previous year[6] - Total assets increased to ¥17,338,816,746.42 from ¥16,088,770,101.64, reflecting a growth of about 7.8%[20] - Total liabilities rose to ¥14,695,254,888.80 from ¥13,437,776,990.14, an increase of approximately 9.4%[20] - Long-term borrowings increased to ¥2,072,432,726.54 from ¥1,960,025,057.38, marking a rise of about 5.7%[20] - The company’s contract liabilities increased by 130.27% to CNY 37.30 million, indicating a rise in advance payments received[8] Shareholder and Equity Information - The company’s basic earnings per share improved to CNY 0.0031 from a loss of CNY 0.06 per share in the same period last year, marking a 105.17% increase[6] - The top ten shareholders hold a total of 91,584,312 shares, representing a significant portion of the company's equity[15] - The company has a repurchase account holding 12,482,300 shares, which accounts for 1.18% of total shares outstanding[15] - The company is actively managing its shareholder structure and financing strategies to enhance shareholder value[15] Operational Efficiency - The core optical business generated revenue of CNY 1.12 billion, with automotive optics revenue reaching CNY 770 million, up 43.18% year-on-year[10] - Total operating costs decreased to ¥2,217,462,393.20 from ¥2,619,879,324.12, a reduction of about 15.4% year-over-year[22] - Research and development expenses decreased to ¥88,688,543.70 from ¥116,318,763.69, a decline of approximately 23.8%[23] Government Support - The company received government subsidies amounting to CNY 29.41 million during the reporting period[7] Credit and Impairment - The company reported a credit impairment loss of ¥9,457,218.22 compared to a gain of -¥21,551,105.01 in the previous period, indicating a significant change in credit quality[23]