毅昌科技(002420) - 2024 Q1 - 季度财报

Financial Performance - Revenue for Q1 2024 reached CNY 571.89 million, an increase of 12.37% compared to CNY 508.92 million in the same period last year[5]. - Net profit attributable to shareholders was CNY 53.94 million, a significant increase of 401.20% from CNY 10.76 million year-on-year[5]. - The net profit after deducting non-recurring gains and losses was CNY 40.26 million, up 1,222.66% from a loss of CNY 3.59 million in the previous year[5]. - Basic and diluted earnings per share were CNY 0.1346, representing a growth of 402.24% compared to CNY 0.0268 in the same quarter last year[5]. - Operating profit surged by 5,895.80% year-on-year, primarily due to a significant increase in investment income and improved product mix[13]. - Other income grew by 584.09% year-on-year, mainly due to an increase in government subsidies received[9]. - The company reported a 348.9% increase in total profit, driven by substantial investment income and revenue growth from product adjustments[15]. - Total operating revenue for Q1 2024 reached ¥571,889,151.20, an increase of 12.36% compared to ¥508,919,970.52 in Q1 2023[31]. - Net profit for Q1 2024 was ¥55,310,327.44, significantly higher than ¥11,532,361.30 in Q1 2023, marking an increase of 378.73%[33]. Assets and Liabilities - Total assets at the end of the quarter were CNY 2.22 billion, a decrease of 2.90% from CNY 2.29 billion at the end of the previous year[5]. - The company's total assets decreased to ¥2,219,752,078.29 from ¥2,285,971,609.79, a decline of 2.89%[30]. - Total liabilities decreased to ¥1,662,269,398.67 from ¥1,781,255,783.29, a reduction of 6.67%[30]. - The equity attributable to shareholders of the parent company increased to ¥524,088,661.30 from ¥472,690,060.92, an increase of 10.91%[30]. Cash Flow - Cash flow from operating activities showed a net outflow of CNY 42.35 million, a decline of 552.90% compared to a net inflow of CNY 9.35 million in the previous year[5][19]. - The cash flow from operating activities showed improvement, contributing positively to the overall financial health of the company[33]. - Cash inflows from operating activities totaled CNY 237,640,783.99, a decrease of 57.6% from CNY 556,264,339.98 in the previous year[34]. - The net cash flow from operating activities was negative CNY 42,349,840.66, compared to a positive CNY 9,350,837.02 in the same period last year[34]. - Cash inflows from financing activities amounted to CNY 188,239,581.67, an increase of 30.9% from CNY 143,800,000.00 in the previous year[35]. - The net cash flow from financing activities was CNY 68,319,213.59, up from CNY 54,455,245.67 in the same period last year, reflecting a growth of 25.5%[35]. - The ending balance of cash and cash equivalents was CNY 207,990,952.01, compared to CNY 104,402,338.08 at the end of the previous period, representing a 99.5% increase[35]. - The company reported cash outflows from investing activities of CNY 17,994,799.93, compared to CNY 20,511,355.31 in the previous year, indicating a decrease of 12.3%[35]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 38,729[21]. - The largest shareholder, Gaojin Technology Industry Group Co., Ltd., holds 25.98% of the shares, totaling 104,198,900 shares[21]. - The company plans to repurchase shares with a total fund amounting to no less than RMB 30 million and no more than RMB 60 million, with a maximum repurchase price of RMB 5 per share[26]. - As of March 31, 2024, the company has repurchased a total of 624,000 shares, accounting for approximately 0.16% of the total share capital, with a total transaction amount of RMB 2,543,220[26]. Inventory and Receivables - Accounts receivable stand at RMB 514,087,333.05, a decrease from RMB 580,911,684.67 at the beginning of the period[28]. - Inventory has increased to RMB 245,243,621.13 from RMB 224,472,294.20 at the beginning of the period[28]. Research and Development - Research and development expenses for Q1 2024 were ¥18,055,558.12, slightly down from ¥18,346,609.23 in Q1 2023[31]. Future Plans and Standards - The company plans to focus on market expansion and new product development in the upcoming quarters to sustain growth momentum[33]. - The company is set to implement new accounting standards starting in 2024, which may impact future financial reporting[36]. - The company has not yet audited the Q1 2024 report, which may affect the reliability of the financial data presented[36].