铭普光磁(002902) - 2024 Q1 - 季度财报

Financial Performance - Revenue for Q1 2024 was CNY 402,411,821.75, a decrease of 23.88% compared to CNY 528,647,411.31 in the same period last year[5] - Net loss attributable to shareholders was CNY -22,772,448.28, representing a decline of 501.26% from a profit of CNY 5,675,189.54 in Q1 2023[5] - Total operating revenue for Q1 2024 was CNY 402,411,821.75, a decrease of 23.9% compared to CNY 528,647,411.31 in the previous period[25] - The net profit for Q1 2024 was -24,515,969.24 CNY, a significant decline compared to a net profit of 5,940,832.50 CNY in Q1 2023, representing a year-over-year decrease of approximately 511%[26] - Operating profit for Q1 2024 was -23,574,156.24 CNY, compared to an operating profit of 6,632,613.58 CNY in the same period last year, indicating a decline of around 455%[26] - The company experienced a total comprehensive loss of -22,422,526.72 CNY in Q1 2024, compared to a comprehensive income of 4,806,602.42 CNY in the same quarter last year[26] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 1,489,711.25, down 98.90% from CNY 135,927,087.90 in the previous year[5] - Cash flow from operating activities generated a net cash inflow of 1,489,711.25 CNY, down from 135,927,087.90 CNY in Q1 2023, reflecting a decrease of approximately 99%[27] - The company’s cash and cash equivalents increased by 176.39% to CNY 638,946,774.11, primarily due to the receipt of funds from fundraising[10] - Total cash and cash equivalents at the end of Q1 2024 amounted to 555,216,359.45 CNY, an increase from 164,491,007.77 CNY at the end of Q1 2023, showing a growth of about 237%[28] - The company reported a 432.33% increase in net cash flow from financing activities, amounting to CNY 445,935,320.19, compared to a net outflow of CNY -134,184,742.42 in Q1 2023[13] Assets and Liabilities - Total assets increased by 12.02% to CNY 2,874,274,505.75 from CNY 2,565,779,077.71 at the end of the previous year[5] - Total liabilities decreased to CNY 1,639,151,265.03 from CNY 1,731,390,115.05, a reduction of 5.3%[25] Shareholder Equity - Shareholders' equity attributable to the parent company rose by 48.51% to CNY 1,222,700,828.76 from CNY 823,305,342.35[5] - As of March 31, 2024, the company reported a significant increase in shareholder equity, with major shareholders holding over 5% of shares, including Yang Jianxin at 32.39%[16] - The company's equity attributable to shareholders increased to CNY 1,222,700,828.76 from CNY 823,305,342.35, reflecting a growth of 48.5%[25] Research and Development - Research and development expenses for Q1 2024 were CNY 29,698,350.39, slightly up from CNY 28,199,371.50, indicating a focus on innovation[25] Stock and Share Issuance - The company successfully raised a total of RMB 416,999,994.30 through the issuance of 23,626,062 shares at an issuance price of RMB 17.65 per share[18] - The net proceeds from the issuance, after deducting issuance costs of RMB 9,405,307.13, amounted to RMB 407,594,687.17[18] - The company has completed the registration of new shares with the China Securities Depository and Clearing Corporation, and these shares were listed on the Shenzhen Stock Exchange on March 22, 2024[18] Strategic Plans - The company plans to use the raised funds for projects including photovoltaic energy storage, communication magnetic components manufacturing, and vehicle BMS transformer industrialization[17] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[24] - The company is focused on expanding its market presence through strategic investments and new product developments in the energy sector[17] Share Repurchase - The company has initiated a stock repurchase plan, targeting the cancellation of 50,000 restricted shares from an incentive plan due to non-compliance with incentive conditions[19] - The company is also planning to cancel 300,000 restricted shares from the 2023 incentive plan for similar reasons[21] Other Income - Other income increased by 173.73% to CNY 5,045,703.15, primarily due to an increase in government subsidies[12] Earnings Per Share - The basic and diluted earnings per share for Q1 2024 were both -0.1075 CNY, compared to 0.0269 CNY in Q1 2023, indicating a significant decline in profitability per share[26]