Financial Performance - The company's operating revenue for Q1 2024 was ¥82,267,476.97, representing a year-on-year increase of 37.15%[2] - The net profit attributable to shareholders was -¥24,069,746.72, with a significant decline in gross profit compared to the same period last year[5] - The basic and diluted earnings per share were both -¥0.0567, reflecting a decrease due to reduced net profit[2] - Total operating revenue for Q1 2024 was CNY 82,267,476.97, an increase of 37.2% compared to CNY 59,981,883.75 in Q1 2023[16] - Net loss for Q1 2024 was CNY 24,069,746.72, compared to a net loss of CNY 11,706,591.30 in Q1 2023, reflecting a 105.5% increase in losses[17] - The company reported a comprehensive loss of CNY 24,768,355.84 for Q1 2024, compared to a comprehensive loss of CNY 10,820,068.68 in Q1 2023[18] Research and Development - R&D expenses totaled ¥25,130,365.57, marking a 100.32% increase, primarily due to higher expenses related to R&D wafer processing and personnel salaries[5] - R&D investment accounted for 30.55% of operating revenue, an increase of 9.63 percentage points year-on-year[2] - R&D expenses surged to CNY 25,130,365.57 in Q1 2024, representing a 100.5% increase from CNY 12,544,799.97 in Q1 2023[17] Cash Flow and Liquidity - The cash flow from operating activities was -¥31,273,615.95, attributed to increased material payments compared to the previous year[5] - Cash inflow from investment activities in Q1 2024 was CNY 200,139,674.70, significantly higher than CNY 39,517,787.69 in Q1 2023[20] - The net cash flow from investing activities was -$5,303,640.17, compared to a positive cash flow of $34,318,913.08 in the previous period[22] - Total cash and cash equivalents at the end of the period amounted to $884,243,576.70, down from $928,993,830.74 at the beginning of the period[22] - The net decrease in cash and cash equivalents for the period was -$44,750,254.04, contrasting with an increase of $25,594,179.63 in the previous period[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,645,952,835.69, a decrease of 3.58% from the end of the previous year[3] - Total current assets amounted to ¥1,478,622,113.50, a decrease of about 7.7% from ¥1,602,443,064.68 at the end of 2023[12] - Total liabilities amounted to CNY 54,347,814.32 in Q1 2024, a decrease from CNY 92,122,657.66 in Q1 2023[14] - Current liabilities decreased to ¥52,036,475.40 from ¥89,415,670.23, a reduction of about 41.8%[13] - The company’s non-current assets totaled ¥167,330,722.19, an increase from ¥104,542,396.33, reflecting a growth of approximately 60.0%[13] Government Support and Other Factors - The company received government subsidies amounting to ¥3,100,000.00, which are closely related to its normal business operations[4] - The company has not reported any significant changes in shareholder structure or major financing activities during the reporting period[9] - There are no significant new product developments or market expansion strategies disclosed in the current report[10] - The company has not adopted new accounting standards or interpretations for the current year[22]
康希通信(688653) - 2024 Q1 - 季度财报