弘信电子(300657) - 2024 Q1 - 季度财报

Financial Performance - The net profit attributable to shareholders of the listed company reached ¥28,101,611.19, a significant increase of 137.72% compared to the same period last year, primarily due to the recognition of net profit from computing power business[8] - Operating revenue for the first quarter was ¥1,456,455,451.76, representing a year-on-year growth of 134.11% driven by increased sales in the computing power business[8] - The company's operating revenue for the current period reached ¥1,669,987,666.48, representing a 161.08% increase compared to ¥639,656,223.45 in the same period last year[19] - The net profit attributable to shareholders of the listed company was ¥28,101,611.19, a significant recovery from a loss of ¥74,492,224.46 in the previous year, marking a 137.72% increase[19] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥15,485,375.74, compared to a loss of ¥81,961,308.10 last year, reflecting an increase of 118.89%[19] - The basic earnings per share improved to ¥0.06 from a loss of ¥0.15, indicating a 140.00% increase[19] - The net profit for the first quarter of 2024 is CNY 79,770,804.45, a significant recovery from a net loss of CNY -83,036,362.64 in the same period last year[51] - The operating profit for the quarter stands at CNY 108,525,705.31, compared to an operating loss of CNY -93,164,826.64 in the previous year[51] - The total profit for the quarter is CNY 107,562,801.80, recovering from a total loss of CNY -93,879,141.51 in the prior year[51] - The company reported a basic earnings per share of CNY 0.06, a turnaround from a loss per share of CNY -0.15 in the same quarter last year[51] - The profit attributable to the parent company's shareholders is CNY 28,101,611.19, compared to a loss of CNY -74,492,224.46 in the previous year[51] - The profit attributable to minority shareholders is CNY 51,669,193.26, recovering from a loss of CNY -8,544,138.18 in the same period last year[51] Cash Flow and Investments - The company recorded a net cash flow from operating activities of -¥154,766,539.03, a decline of 62.34% compared to the same period last year, mainly due to increased payments for computing power business[8] - The company reported a net cash flow from operating activities of -¥154,766,539.03, which is a decline of 62.34% compared to -¥95,337,305.19 in the previous year[19] - Cash flow from investing activities improved by 61.91% to -¥20,266,325.49, mainly due to reduced investment outflows[24] - The company reported a net cash outflow from investing activities of -¥20,266,325.49 in Q1 2024, compared to -¥53,205,147.84 in Q1 2023[38] - Cash flow from financing activities saw a drastic decline of 1005.72% to -¥51,754,411.40, primarily due to increased loan repayments compared to the previous year[24] Assets and Liabilities - The total number of ordinary shareholders at the end of the reporting period was 32,429, with the largest shareholder holding 17.24% of the shares[10] - The company reported a decrease in inventory by 46.56%, down to ¥455,551,063.64, as a result of sales in the computing power business[8] - The company’s long-term payables decreased by 56.65% to ¥4,418,136.01, primarily due to repayments made during the period[8] - The company’s receivables decreased by 85.68% to ¥2,356,896.72, mainly due to changes in settlement methods with certain customers[8] - The company’s total liabilities increased by 136.21% in contract liabilities, reaching ¥3,067,058.30, due to an increase in advance payments received[8] - The total assets at the end of the current period were ¥5,338,480,819.43, down 6.06% from ¥5,683,163,116.16 at the end of the previous year[19] - The equity attributable to shareholders of the listed company increased by 2.21% to ¥1,300,739,924.41 from ¥1,272,638,313.22[19] - The company’s total assets decreased from ¥5,683,163,116.16 to ¥5,338,480,819.43, reflecting a decline of approximately 6.1%[33] - The total liabilities and owners' equity as of March 31, 2024, was ¥5,338,480,819.43, a decrease from ¥5,683,163,116.16 at the end of the previous year[33] Income and Expenses - The company’s other income increased by 80.88% to ¥18,921,809.36, attributed to the increase in recoverable input tax[8] - The company recorded other income of CNY 259,799.09, a significant increase from CNY 10,075.08 in the previous year[51] - The company reported a significant increase in income tax expenses, which rose by 356.32% to ¥27,791,997.35, due to the reversal of deferred tax assets recognized in the previous year[8] - The income tax expense for the quarter is CNY 27,791,997.35, compared to a tax benefit of CNY -10,842,778.87 in the same period last year[51] - The company incurred financial expenses of ¥15,238,841.80 in Q1 2024, compared to ¥14,094,047.07 in the previous year[33] Research and Development - Research and development expenses for Q1 2024 amounted to ¥33,468,288.32, slightly down from ¥35,272,574.80 in Q1 2023[33]