乾照光电(300102) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥556,423,293.79, representing a 21.18% increase compared to ¥459,173,055.49 in the same period last year[5]. - The net loss attributable to shareholders was ¥5,646,020.12, a significant improvement of 94.47% from a loss of ¥102,055,747.38 in the previous year[5]. - The company’s basic and diluted earnings per share improved to -¥0.01 from -¥0.11, marking a 90.91% improvement[5]. - Net profit for Q1 2024 was -5,646,020.05 CNY, an increase of 94.47% compared to -102,116,594.69 CNY in Q1 2023[9]. - The company reported a total profit of 2,097,316.11 CNY for Q1 2024, compared to a total loss of -104,189,235.47 CNY in the previous year[22]. Cash Flow and Investments - The net cash flow from operating activities decreased by 3.92% to ¥102,100,612.94 from ¥106,271,215.10 year-on-year[5]. - Cash received from tax refunds was 9,030,535.86 CNY, a substantial increase of 3812.86% compared to 230,790.89 CNY in the same period last year[9]. - Cash paid for various taxes increased by 65.28% to 37,730,876.99 CNY, primarily due to higher VAT and additional tax payments[10]. - Cash paid for fixed asset purchases rose by 93.15% to 64,503,465.70 CNY, reflecting increased investment in project equipment[9]. - Cash flow from investing activities resulted in a net outflow of -37,371,124.38 CNY, worsening from -19,973,874.85 CNY year-over-year[24]. - Cash flow from financing activities showed a net inflow of 2,507,835.40 CNY, a recovery from a net outflow of -427,178,293.04 CNY in the previous year[25]. Assets and Liabilities - The total assets at the end of Q1 2024 were ¥6,703,385,812.89, an increase of 1.45% from ¥6,607,607,762.93 at the end of the previous year[5]. - Current assets totaled ¥3,012,111,796.02, an increase from ¥2,911,868,397.79 at the start of the year[19]. - The company’s cash and cash equivalents rose to ¥817,134,896.20, compared to ¥670,680,200.68 at the beginning of the period, marking a growth of 21.9%[19]. - Total liabilities increased to ¥2,540,045,970.74 from ¥2,441,785,886.33, reflecting a rise of 4.0%[20]. - The company’s equity attributable to shareholders decreased slightly to ¥4,162,949,549.12 from ¥4,165,431,583.64[20]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 45,122[11]. - The largest shareholder, Hisense Visual Technology Co., Ltd., holds 24.24% of the shares, totaling 221,359,682 shares[11]. - The top 10 shareholders include Hisense Visual Technology Co., Ltd. with 221,359,682 shares and Shenzhen Hejun Zhengde Asset Management Co., Ltd. with 58,800,000 shares[12]. - The total number of restricted shares held by executives at the end of the period is 3,817,276 shares, with 1,272,426 shares released during the period[15]. - The company has a consistent policy of releasing 25% of the restricted shares annually for executives[15]. Operational Highlights - Revenue from LED chips significantly increased due to a recovery in market demand, leading to higher shipment volumes[9]. - The company reported a 65.95% increase in other income, totaling ¥29,689,209.84 compared to ¥17,890,550.09 in the same period last year[8]. - The company experienced a 146.92% increase in contract liabilities, reaching ¥4,148,471.26 due to unfulfilled settlement conditions[8]. - The company’s investment income decreased significantly by 1228.02% to -¥1,538,580.56, attributed to reduced gains from the disposal of trading financial assets[8]. - Research and development expenses increased to ¥34,322,912.76, a significant rise of 34.0% from ¥25,631,623.54 in the previous year[21]. Strategic Initiatives - The company plans to grant 32 million shares of restricted stock under the 2024 incentive plan, with 29.65 million shares for initial grant and 2.35 million shares reserved for future grants[16]. - The company has approved a share repurchase plan to buy back shares using its own funds for equity incentives or employee stock ownership plans[16]. - The company has engaged in structured private equity investments, indicating a strategy for capital management and growth[12]. - The company is focused on maintaining compliance with regulations regarding shareholding and stock incentives[16].