海洋王(002724) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥261,898,879.05, a decrease of 17.21% compared to ¥316,336,565.77 in the same period last year[5] - Net profit attributable to shareholders was ¥336,270.60, down 96.56% from ¥9,781,713.33 year-on-year[5] - Total operating revenue for Q1 2024 was ¥261,898,879.05, a decrease of 17.2% compared to ¥316,336,565.77 in Q1 2023[19] - Net profit for Q1 2024 was -¥2,431,252.71, compared to a net profit of ¥12,963,850.13 in Q1 2023, indicating a significant decline[20] - The total comprehensive income attributable to the parent company was CNY 651,706.66, a decrease from CNY 9,605,367.03 in the previous period, reflecting a significant decline[21] Cash Flow and Liquidity - The net cash flow from operating activities was -¥53,544,478.91, a decline of 104.65% compared to -¥26,164,272.86 in the previous year[5] - The net cash flow from operating activities was -CNY 53,544,478.91, compared to -CNY 26,164,272.86 in the previous period, indicating worsening cash flow performance[22] - Cash inflow from investment activities was CNY 294,020,292.89, up from CNY 138,331,087.48 in the previous period, showing improved investment recovery[22] - The net cash flow from investment activities was CNY 105,575,417.91, a significant improvement from -CNY 160,396,800.75 in the previous period[22] - The total cash and cash equivalents at the end of the period were CNY 302,189,841.11, compared to CNY 138,422,235.08 at the end of the previous period, indicating a recovery in liquidity[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,664,520,249.53, a decrease of 6.38% from ¥3,914,335,509.81 at the end of the previous year[5] - Total liabilities decreased to ¥627,724,201.37 in Q1 2024 from ¥807,413,395.50 in Q1 2023, reflecting a decline of about 22.2%[18] - The company's equity attributable to shareholders decreased to ¥2,797,839,409.08 in Q1 2024 from ¥2,865,197,951.93 in Q1 2023, a decline of approximately 2.4%[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 21,913[10] - The largest shareholder, Xu Su, holds 35.52% of the shares, amounting to 274,029,734 shares[11] Operational Insights - The company's revenue and net profit attributable to shareholders decreased primarily due to the long project durations in the subsidiary Mingzhihui, impacting accounts receivable turnover[14] - The company reported an increase in revenue and sales collections in the professional lighting business compared to the same period last year, driven by new product development and technology investments[14] - New project orders decreased due to stricter client payment capability assessments, leading to fewer signed contracts[14] - The subsidiary Mingzhihui experienced a significant decline in revenue and incurred losses due to reduced orders and long project cycles[14] Investment and R&D - The company reported a significant increase in investment income, which rose by 4306.20% to ¥991,909.69 from ¥22,511.66 in the previous year[9] - Research and development expenses for Q1 2024 were ¥24,879,337.23, slightly down from ¥26,403,934.53 in Q1 2023, showing a focus on cost control[19] Inventory and Receivables - Accounts receivable decreased to CNY 733,015,793.37 from CNY 850,731,559.15, indicating a decline in outstanding customer payments[16] - Total current assets decreased to CNY 2,475,080,881.96 from CNY 2,671,650,921.32, reflecting a reduction in liquidity[16] - Inventory increased to CNY 144,871,768.36 from CNY 127,190,040.16, suggesting a buildup of stock[16] Other Financial Metrics - The weighted average return on equity was 0.01%, down 0.33% from 0.34% in the same period last year[5] - Basic and diluted earnings per share were both CNY 0.0004, down from CNY 0.0125 in the previous period, reflecting a decline in profitability[21] - Other comprehensive income for Q1 2024 was ¥315,436.06, compared to -¥176,346.30 in Q1 2023, reflecting a positive turnaround[20] Audit and Reporting - The first quarter report was not audited, which may affect the reliability of the financial data presented[23] - The company did not report any new product launches or technological advancements during this quarter[23]