长虹华意(000404) - 2024 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2024 was CNY 3,340,525,465.30, a decrease of 21.2% compared to CNY 4,237,222,935.89 in the same period last year[5] - In Q1 2024, the company reported a net profit of CNY 115,521,952.61, an increase of 27.6% compared to CNY 90,586,662.21 in the same period last year[7] - The total revenue from operating activities was CNY 2,039,971,135.29, down 27.5% from CNY 2,814,493,521.26 in Q1 2023[10] - Basic earnings per share increased to CNY 0.1148 from CNY 0.0904, reflecting a growth of 27.1%[9] - The total comprehensive income for the period was CNY 120,008,429.43, compared to CNY 96,079,716.84 in the previous year, marking a 24.8% increase[9] - Net profit attributable to shareholders was ¥79,921,685.50, an increase of 26.96% year-over-year[29] Operating Costs and Expenses - Total operating costs for Q1 2024 were CNY 3,208,222,199.33, down from CNY 4,105,012,036.60 year-over-year[5] - Research and development expenses amounted to CNY 83,855,047.49, a decrease of 17.2% from CNY 101,294,265.77 in the previous year[7] - The company reported a decrease in net profit margin due to rising costs and lower revenue[5] - The company’s tax expenses for the quarter were CNY 21,278,086.57, up from CNY 11,003,423.61 in the same period last year[7] - The financial expenses showed a notable change, with interest expenses rising to CNY 16,663,705.96 from CNY 13,342,319.17, while interest income increased to CNY 29,973,174.66 from CNY 18,938,311.61[7] Cash Flow and Liquidity - Cash and cash equivalents increased to CNY 5,609,812,539.26 from CNY 4,471,529,530.14, representing a growth of 25.4%[2] - The cash inflow from operating activities decreased significantly, totaling CNY 2,039,971,135.29 compared to CNY 2,814,493,521.26 in Q1 2023[10] - The net cash flow from operating activities was -441,797,769.69, compared to -406,548,101.79 in the previous period, indicating a decline in operational performance[12] - Cash inflow from investment activities totaled 721,744,293.81, up from 456,348,715.92, reflecting a significant increase in investment recovery[12] - The net cash flow from financing activities increased to 951,600,700.51 from 400,741,917.72, showing improved financing capabilities[12] - The total cash and cash equivalents at the end of the period reached 5,520,952,878.05, compared to 3,437,470,574.40 at the end of the previous period, marking a substantial increase of 60.5%[12] Assets and Liabilities - Total assets increased to CNY 14,760,428,222.38 from CNY 13,902,538,933.55, marking a growth of 6.2%[5] - Total liabilities rose to CNY 9,639,700,547.42 from CNY 8,708,735,530.90, an increase of 10.7%[5] - Accounts receivable rose to CNY 3,087,158,864.51, up from CNY 2,033,162,128.36, indicating a significant increase of 52%[2] - Inventory decreased to CNY 1,304,322,590.61 from CNY 1,695,362,012.95, reflecting a decline of 23%[2] Shareholder Information - The largest shareholder, Sichuan Changhong Electric Co., Ltd., holds 30.60% of the shares, totaling 212,994,972 shares[42] - Mianyang Science City Development Investment (Group) Co., Ltd. holds 4.13% of the shares, totaling 28,750,000 shares, with 14,370,000 shares pledged[42] - The total number of common shareholders at the end of the reporting period is 29,990[46] - The top ten shareholders collectively hold a significant portion of the company's shares, with the first two shareholders alone accounting for over 34%[42] - The report indicates that there are no changes in the participation of the top ten shareholders in the securities lending business compared to the previous period[50] Strategic Focus - The company plans to focus on market expansion and new product development in the upcoming quarters[5] - The company has allocated resources for research and development to enhance its technological capabilities[5] - The company has not disclosed any new product developments or market expansion strategies in the current report[21] - There were no significant mergers or acquisitions reported during this period[21] - There is no indication of any new strategies or market expansions discussed in the report[49]