ZHUHAI COSMX(SH:688772)2024-04-22 09:20Financial Performance - The company's operating revenue for Q1 2024 was RMB 2,548,830,423.39, representing a year-on-year increase of 7.23%[4] - The net profit attributable to shareholders was RMB 9,996,303.22, while the net profit after deducting non-recurring gains and losses was a loss of RMB 16,309,604.11[4] - The company's long-term borrowings decreased slightly to CNY 1.14 billion from CNY 1.21 billion, reflecting a decline of approximately 5.9%[17] - The company reported a net profit margin of approximately 10% for the quarter, maintaining its profitability despite fluctuations in revenue[16] - The net profit attributable to shareholders of the parent company for Q1 2024 was ¥9,996,303.22, a recovery from a net loss of ¥139,841,497.10 in Q1 2023[20] - The total comprehensive income attributable to the parent company's owners for Q1 2024 was ¥9,831,761.99, compared to a loss of ¥139,772,067.29 in Q1 2023[21] - Basic earnings per share for Q1 2024 were ¥0.01, recovering from a loss of ¥0.12 in Q1 2023[21] Cash Flow - The net cash flow from operating activities increased significantly by 91.93% to RMB 617,841,098.63[4] - In Q1 2024, the net cash flow from operating activities was CNY 617,841,098.63, a significant increase from CNY 321,904,965.88 in the previous year[23] - Cash inflow from operating activities in Q1 2024 was ¥3,183,082,922.53, slightly down from ¥3,230,275,550.52 in Q1 2023[22] - The company reported a net increase in cash and cash equivalents of CNY 19,075,114.94, contrasting with a decrease of CNY 745,415,565.70 in Q1 2023[23] - The cash and cash equivalents at the end of the period stood at CNY 3,657,065,749.49, an increase from CNY 2,733,128,771.90 year-over-year[23] - The total cash outflow from investing activities amounted to CNY 1,096,146,776.01, compared to CNY 1,918,595,153.91 in Q1 2023, indicating a reduction in investment expenditures[23] - The net cash flow from financing activities was CNY 403,738,800.78, up from CNY 355,688,478.94 in the same quarter last year, reflecting improved financing conditions[23] Research and Development - Total R&D investment reached RMB 333,694,194.15, accounting for 13.09% of operating revenue, an increase of 3.95 percentage points year-on-year[6] - Research and development expenses increased significantly to ¥333,694,194.15 in Q1 2024, compared to ¥217,218,952.35 in Q1 2023, marking a 53.8% increase[19] - The company plans to continue increasing R&D investment to maintain its competitive advantage in technology innovation[9] Assets and Liabilities - The company's total assets at the end of the reporting period were RMB 21,487,502,674.80, a slight decrease of 0.10% compared to the end of the previous year[6] - As of March 31, 2024, the total current assets amounted to approximately CNY 9.74 billion, compared to CNY 9.70 billion as of December 31, 2023, reflecting a slight increase[15] - The total assets of the company stood at CNY 21.49 billion as of March 31, 2024, a marginal decrease from CNY 21.51 billion at the end of 2023[16] - Total liabilities increased to CNY 14.30 billion from CNY 14.28 billion, indicating a rise of approximately 0.2%[17] - Short-term borrowings rose significantly to CNY 1.94 billion from CNY 1.39 billion, marking an increase of about 39.5%[17] - The total equity of the company remained stable at CNY 7.18 billion, consistent with the previous reporting period[17] Shareholder Information - The top shareholder, Zhuhai Prida Investment Co., Ltd., holds 17.83% of the shares, with a total of 199,973,600 shares[10] Inventory and Receivables - Accounts receivable decreased to CNY 2.44 billion from CNY 2.85 billion, indicating a reduction of approximately 14.4%[15] - Inventory levels were reported at CNY 1.87 billion, down from CNY 1.95 billion, representing a decline of about 3.9%[16] Non-Recurring Gains and Losses - Non-recurring gains and losses amounted to RMB 26,305,907.33, primarily due to government subsidies and asset disposal gains[8]