长盈精密(300115) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥3,939,925,853.67, representing a 30.95% increase compared to ¥3,008,825,107.29 in the same period last year[4]. - Net profit attributable to shareholders was ¥309,206,630.92, a significant recovery from a loss of ¥81,387,907.89 in the previous year[4]. - The net profit after deducting non-recurring gains and losses was ¥126,580,622.47, up from a loss of ¥96,275,086.98 in the same period last year[4]. - The net profit for the first quarter was 323,692,765.45, compared to a net loss of 64,284,500.36 in the same period last year, indicating a significant recovery[28]. - The total profit amounted to 327,021,069.80, a recovery from a loss of 58,707,092.99 year-over-year[28]. - The company's total comprehensive income was 320,929,888.59, compared to a loss of 59,371,322.36 in the previous year[28]. - The company's basic and diluted earnings per share were both 0.26, compared to a loss of 0.07 in the previous year[28]. Revenue and Costs - The total operating revenue for Q1 2024 was approximately RMB 3.94 billion, an increase of 31% compared to RMB 3.01 billion in Q1 2023[26]. - The total operating costs for Q1 2024 were approximately RMB 3.80 billion, up from RMB 3.06 billion in the same period last year, reflecting a 24% increase[26]. - Revenue from new energy product components and connectors grew by 57.17% year-on-year, while the consumer electronics business increased by 24.13%[7]. Cash Flow and Investments - Cash flow from operating activities decreased by 29.05% to ¥432,171,800.13 from ¥609,105,258.86 year-on-year[4]. - Operating cash inflow for the current period is CNY 3,853,842,165.43, a decrease of 2.2% from CNY 3,939,401,420.21 in the previous period[58]. - Net cash flow from operating activities is CNY 432,171,800.13, down 29.1% from CNY 609,105,258.86 year-on-year[58]. - Cash outflow from operating activities totaled CNY 3,421,670,365.30, an increase of 2.7% compared to CNY 3,330,296,161.35 last year[58]. - Cash inflow from investment activities is CNY 17,445,721.51, down 38.8% from CNY 28,503,808.43 in the previous period[58]. - Net cash flow from investment activities is CNY -438,791,159.47, worsening from CNY -376,689,939.84 year-on-year[58]. - Cash paid for purchasing fixed assets and intangible assets is CNY 440,452,419.83, an increase of 19.0% from CNY 369,829,772.77 last year[58]. Assets and Liabilities - The total assets at the end of the reporting period were ¥18,941,469,304.29, a 1.98% increase from the previous year[4]. - The total liabilities as of the end of Q1 2024 were approximately RMB 12.51 billion, slightly up from RMB 12.44 billion at the end of Q4 2023[26]. - The total equity attributable to shareholders of the parent company reached approximately RMB 6.11 billion, an increase from RMB 5.80 billion in the previous quarter[26]. - Short-term borrowings increased to CNY 3,821,473,223.03, up 14.8% from CNY 3,329,298,138.04 last year[66]. Shareholder Information - The number of common shareholders at the end of the reporting period was 55,311[22]. - The largest shareholder, Ningbo Changying Yuefu Investment Co., Ltd., holds 36.89% of the shares, totaling approximately 444 million shares[22]. Strategic Initiatives - The company is focusing on market expansion and new product development as part of its strategic initiatives[26]. - The company plans to transfer 30% of its stake in Guangdong Tianji Intelligent System Co., Ltd. and waive its preemptive rights for this capital increase[23]. Other Financial Metrics - Other income rose by ¥52,184,900, a 241.54% increase, primarily due to VAT rebates[8]. - Credit impairment losses increased by ¥71,517,000, attributed to expanded sales and increased accounts receivable[20]. - Research and development expenses for Q1 2024 amounted to approximately RMB 279 million, compared to RMB 263 million in Q1 2023, indicating a 6% increase[26]. - Financial expenses decreased by 93.86 million, a decline of 81.58%, mainly due to increased exchange gains[38]. - The company's tax expenses decreased by 224.91 million, a decline of 40.33%, due to changes in total profit[38]. - The company reported a decrease in asset impairment losses by CNY 21,757,100, primarily due to reduced inventory write-down provisions[61]. - Other receivables increased by 121.43 million, a growth of 110.68%, mainly due to the increase in receivables from equity transfers and export tax refunds[38]. - Investment income increased by 18,477.89 million, primarily due to the disposal of part of the subsidiary's equity[38]. - The weighted average return on equity increased to 5.19%, up from -1.44% in the previous year[4]. - The company's other comprehensive income after tax was -2,762,876.86, compared to 4,913,178.00 in the same period last year[28].