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 attributed to decreased gross profit compared to the same period last year[5] - The basic and diluted earnings per share were both -¥0.0567, indicating a decrease due to reduced net profit[5] - Total operating revenue for Q1 2024 was ¥82,267,476.97, an increase of 37.2% compared to ¥59,981,883.75 in Q1 2023[16] - Net loss for Q1 2024 was ¥24,069,746.72, compared to a net loss of ¥11,706,591.30 in Q1 2023, reflecting a deterioration in performance[18] - Other comprehensive income after tax for Q1 2024 was -¥698,609.12, compared to ¥886,522.62 in Q1 2023, indicating a decline in overall financial health[18] Research and Development - Research and development expenses totaled ¥25,130,365.57, marking a 100.32% increase, primarily due to higher costs associated with R&D and personnel salaries[5] - R&D investment accounted for 30.55% of operating revenue, an increase of 9.63 percentage points[2] - R&D expenses surged to ¥25,130,365.57 in Q1 2024, a significant increase of 100.5% from ¥12,544,799.97 in Q1 2023[17] Cash Flow and Liquidity - The cash flow from operating activities was -¥31,273,615.95, reflecting increased material payments compared to the previous year[5] - The net cash flow from operating activities for Q1 2024 was -¥31,273,615.95, worsening from -¥6,965,944.45 in Q1 2023[20] - Cash inflow from investment activities in Q1 2024 was ¥200,139,674.70, a substantial increase from ¥39,517,787.69 in Q1 2023[20] - 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 increase in cash and cash equivalents was -$44,750,254.04, contrasting with an increase of $25,594,179.63 in the prior 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 decreased to ¥1,478,622,113.50 from ¥1,602,443,064.68, reflecting a decline of about 7.7%[12] - Accounts receivable decreased to ¥220,267,905.48 from ¥278,675,742.26, indicating a reduction of approximately 21%[12] - Inventory increased to ¥168,909,068.61 from ¥150,832,673.73, showing an increase of about 12%[12] - Current liabilities decreased to ¥52,036,475.40 from ¥89,415,670.23, reflecting a significant reduction of about 41.8%[13] - Total liabilities amounted to ¥54,347,814.32 in Q1 2024, a decrease from ¥92,122,657.66 in Q1 2023[14] - The total equity attributable to shareholders was ¥1,591,605,021.37 in Q1 2024, slightly down from ¥1,614,862,803.35 in Q1 2023[14] Government Support and Market Performance - The company received government subsidies amounting to ¥3,100,000.00, which positively impacted the financial results[4] - The increase in Wi-Fi 6 product sales significantly contributed to the revenue growth compared to the same period last year[5] Other Information - The company has no short-term borrowings reported in the current liabilities section[13] - The company’s total equity position remains stable with no significant changes reported in the equity section[10] - There are no significant new strategies or product developments mentioned in the report[10] - The company did not apply new accounting standards or interpretations for the year 2024[22]
康希通信(688653) - 2024 Q1 - 季度财报(更正)