智明达(688636) - 2024 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter was ¥48,992,843.49, a decrease of 28.38% compared to the same period last year[6]. - Net profit attributable to shareholders was -¥11,118,350.37, with a net profit excluding non-recurring gains and losses of -¥12,528,513.60[6]. - Net cash flow from operating activities was -¥24,091,991.38[6]. - Total operating revenue for Q1 2024 was ¥48,992,843.49, a decrease of 28.4% compared to ¥68,407,933.45 in Q1 2023[22]. - Net profit for Q1 2024 was a loss of ¥11,118,350.37, compared to a loss of ¥1,306,334.49 in Q1 2023, representing an increase in loss of 752.5%[24]. - Operating profit for Q1 2024 was a loss of ¥15,958,253.53, compared to a loss of ¥4,902,610.29 in Q1 2023[22]. - The total profit for Q1 2024 was a loss of ¥16,003,778.61, compared to a loss of ¥4,904,396.02 in Q1 2023[24]. - Tax expenses for Q1 2024 were ¥-4,885,428.24, compared to ¥-3,598,061.53 in Q1 2023[24]. Assets and Equity - Total assets at the end of the reporting period were ¥1,478,834,801.03, a decrease of 3.57% from the end of the previous year[6]. - Shareholders' equity attributable to the parent company was ¥1,078,287,740.55, down 0.74% from the previous year[6]. - Total assets amounted to 1,478,834,801.03 yuan, a decrease from 1,533,626,960.36 yuan[41]. - The total equity attributable to shareholders of the parent company was 1,078,287,740.55 yuan, down from 1,086,349,579.85 yuan[41]. - The company reported a decrease in long-term investments from 87,816,982.32 yuan to 85,403,122.78 yuan[40]. Research and Development - R&D investment totaled ¥27,367,756.22, accounting for 55.86% of operating revenue, an increase of 12.99 percentage points[6]. - Research and development expenses for Q1 2024 were ¥27,367,756.22, a decrease of 6.7% from ¥29,325,063.26 in Q1 2023[22]. Shareholder Information - The number of common shareholders at the end of the reporting period was 4,585[9]. - The largest shareholder, Wang Yong, holds 22,176,787 shares, representing 29.47% of total shares[9]. - The company reported a basic earnings per share of -¥0.1480 and diluted earnings per share of -¥0.1476[6]. - The basic earnings per share for Q1 2024 was -¥0.1480, compared to -¥0.0259 in Q1 2023[24]. - The basic earnings per share decreased by 981.20 thousand yuan compared to the previous year[32]. Cash Flow and Liquidity - The company’s cash and cash equivalents decreased significantly, impacting liquidity[41]. - In Q1 2024, the cash inflow from operating activities was approximately $95.93 million, compared to $60.87 million in Q1 2023, representing a 57.6% increase[45]. - The net cash outflow from operating activities in Q1 2024 was approximately -$24.09 million, an improvement from -$54.51 million in Q1 2023[45]. - Cash outflow from investing activities in Q1 2024 was approximately $39.60 million, a decrease from $54.45 million in Q1 2023[46]. - The net cash flow from financing activities in Q1 2024 was approximately -$12.38 million, compared to a positive net cash flow of $48.36 million in Q1 2023[46]. - The ending cash and cash equivalents balance for Q1 2024 was approximately $30.58 million, down from $52.59 million in Q1 2023[46]. - The company received approximately $20.00 million in cash from borrowings in Q1 2024, compared to $50.00 million in Q1 2023[46]. - Cash paid for employee compensation in Q1 2024 was approximately $54.31 million, slightly down from $55.68 million in Q1 2023[45]. - The company reported a cash inflow of approximately $5.73 million from tax refunds in Q1 2024, compared to $4.69 million in Q1 2023[45]. - The cash outflow for taxes in Q1 2024 was approximately $12.70 million, compared to $7.09 million in Q1 2023, indicating a 79.5% increase[45]. - The company did not report any cash inflow from investment activities in Q1 2024, while it recorded a cash inflow of $75,080 in Q1 2023[46]. Company Strategy and Outlook - The company has not disclosed any new product developments or market expansion strategies in this report[13]. - The company plans to increase its capital stock through a profit distribution and capital reserve transfer plan approved in 2023[34]. - The net profit attributable to shareholders of the listed company decreased due to delayed expected orders and reduced government subsidies compared to the same period last year[32].