Dingtong(SH:688668)2024-04-16 12:07Financial Performance - The company's operating revenue for Q1 2024 was CNY 193,948,424.31, representing a year-on-year increase of 19.73%[7] - The net profit attributable to shareholders for Q1 2024 was CNY 18,232,625.04, showing a decrease of 45.11% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 15,771,687.11, down 48.18% year-on-year[7] - The company's operating income increased by 19.73% due to rising demand for communication connectors during the reporting period[21] - Investment income surged by 838.89%, primarily attributed to an increase in cash management balances[21] - The net profit attributable to shareholders decreased by 45.11%, mainly due to a decline in product gross margin and rising costs[21] - Total operating revenue for Q1 2024 reached RMB 193,948,424.31, an increase of 19.7% compared to RMB 161,984,478.66 in Q1 2023[36] - Operating profit for Q1 2024 decreased to RMB 19,903,925.33 from RMB 36,722,941.82 in Q1 2023, reflecting a decline of 45.4%[36] - Net profit for Q1 2024 was RMB 19,527,043.17, down 46.8% from RMB 36,739,916.94 in Q1 2023[36] - The total comprehensive income for the current period is 17,401,127.32, down from 33,217,709.99 in the previous period, indicating a decline of approximately 48%[38] Assets and Liabilities - The total assets at the end of Q1 2024 amounted to CNY 1,962,704,330.68, reflecting a 0.64% increase from the end of the previous year[9] - The total liabilities amounted to CNY 213,399,636.46, a decrease from CNY 223,226,184.47 in the previous period[2] - The equity attributable to shareholders of the listed company was CNY 1,749,304,694.22, up 1.30% from the previous year-end[9] Cash Flow - The net cash flow from operating activities was negative CNY 3,300,026.64, representing a decrease of 155.34% compared to the previous period[9] - Cash flow from operating activities shows a net outflow of -3,300,026.64, compared to a net inflow of 5,963,457.17 in the previous period[41] - The company reported a decrease in cash received from sales of goods and services, totaling 162,023,343.50 compared to 176,203,870.24 in the previous period, a decline of about 8%[41] - The company experienced a decrease in cash received from other operating activities, which totaled 10,991,637.22, down from 19,527,166.06 in the previous period, reflecting a decline of approximately 44%[41] Research and Development - The company's R&D investment totaled CNY 17,833,523.18, accounting for 9.19% of operating revenue, a decrease of 1.16 percentage points year-on-year[9] - Research and development expenses for Q1 2024 were RMB 17,833,523.18, compared to RMB 16,769,702.82 in Q1 2023, reflecting an increase of 6.3%[36] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,774[22] - The largest shareholder, Dongguan Dinghong Junsheng Investment Co., Ltd., holds 39,122,631 shares, accounting for 39.48% of total shares[22] Other Financial Metrics - The basic earnings per share for Q1 2024 was CNY 0.18, down 47.06% year-on-year[9] - The basic and diluted earnings per share are both 0.18, down from 0.34 in the previous period, representing a 47% decline[38] - The company recognized government subsidies of CNY 3,019,079.90 during the period, which are closely related to its normal business operations[9] - Financial expenses for Q1 2024 showed a significant improvement, with a net income of RMB -816,415.58 compared to RMB -5,465,407.70 in Q1 2023[36] - Other income for Q1 2024 was RMB 3,019,079.90, an increase from RMB 2,503,866.53 in Q1 2023, representing a growth of 20.5%[36] Inventory and Receivables - Accounts receivable increased to RMB 291,071,179.36 from RMB 273,250,034.17 at the end of 2023, indicating a rise of 6.5%[31] - Inventory as of March 31, 2024, was RMB 249,680,754.61, down from RMB 268,079,410.76 at the end of 2023, a decrease of 6.8%[31] - The accounts receivable increased by 3,818.32%, mainly due to an increase in held-to-maturity bills[21]