Financial Performance - The company's revenue for Q1 2024 reached ¥613,047,363.27, representing a 36.91% increase compared to ¥447,758,863.29 in the same period last year[6] - Net profit attributable to shareholders was ¥26,475,226.13, a significant increase of 148.19% from ¥10,667,317.19 year-on-year[6] - Basic and diluted earnings per share both increased to ¥0.33, up 153.85% from ¥0.13 in the same period last year[6] - The net profit attributable to the parent company, excluding non-recurring gains and losses, was RMB 29.79 million, up 193.43% year-on-year[16] - The net profit for Q1 2024 was CNY 31,915,750.39, a significant increase from CNY 10,268,390.84 in Q1 2023, representing a growth of approximately 211.5%[27] - The operating profit for the quarter reached CNY 38,221,212.67, compared to CNY 11,967,556.64 in the same period last year, marking an increase of about 219.5%[27] - The total comprehensive income attributable to the parent company was CNY 27,990,257.74, compared to CNY 7,816,191.10 in the previous year, representing an increase of approximately 258.5%[28] Cash Flow and Assets - The net cash flow from operating activities improved to ¥8,764,806.58, compared to a negative cash flow of ¥59,536,373.78 in the previous year, marking a 114.72% increase[6] - The company's cash and cash equivalents increased to CNY 520,348,299.35 from CNY 452,261,095.39, representing a growth of 15%[21] - The cash and cash equivalents at the end of the period were CNY 289,918,518.06, down from CNY 340,080,230.49 at the end of Q1 2023, a decrease of about 14.7%[30] - The net cash flow from investing activities was CNY -281,475,474.98, compared to CNY -21,399,055.48 in the previous year, indicating an increase in cash outflow for investments[30] - The cash flow from financing activities generated a net amount of CNY 114,257,628.74, a decrease from CNY 215,025,681.89 in the previous year, reflecting a decline of approximately 46.9%[30] Expenses and Costs - Sales expenses rose to ¥30,696,971.06, a 35.15% increase due to the integration of WE and expanded business scale[10] - Management expenses increased by 12.98% to ¥28,338,252.89, primarily due to higher intermediary service fees[10] - The total operating costs for Q1 2024 were CNY 566,160,762.96, up from CNY 435,164,492.34, reflecting a 30% increase year-over-year[25] - The net profit margin for Q1 2024 was impacted by increased operating costs, with a focus on maintaining competitive advantages in the semiconductor sector[25] Business Segments and Investments - Revenue from the electronic components distribution business was RMB 540.42 million, a 36.02% increase year-on-year, with a gross profit margin of 15.51%[16] - The self-developed IC business generated RMB 70.94 million in revenue, a 41.17% increase year-on-year, with a gross profit margin of 44.86%, up 7.27 percentage points[16] - The company established a joint venture with an investment of CNY 10 million, acquiring a 25% stake to enhance its R&D capabilities in self-developed ICs[20] - The company invested RMB 12 million to acquire a 2.5% stake in Shanghai Furui Kun Microelectronics through capital increase and equity transfer[19] Shareholder and Market Activities - The company reported a total of 14,355 common shareholders at the end of the reporting period[12] - A share repurchase plan was approved, with a budget of RMB 25 million to RMB 50 million, targeting a maximum price of RMB 40 per share[18] - As of the announcement date, the company has repurchased 800,000 shares, accounting for 1.00% of the total share capital, with a total transaction amount of RMB 29.59 million[18] - The company holds a 21.24% stake in Viyali Electronics, which has not yet disclosed its annual operating data, thus its impact on the company's performance is not reflected in the Q1 financial statements[16] - The company plans to acquire all shares of Viyali Electronics through its wholly-owned subsidiary, pending regulatory approval[17] Overall Growth and Market Presence - The company's gross profit increased significantly, contributing to the rise in net profit attributable to shareholders[10] - The gross profit margin for the same period was 19.06%, an increase of 0.65 percentage points compared to the previous year[16] - The company is expanding its market presence in automotive Bluetooth chip applications, with products already supplied to major manufacturers like Geely and Great Wall[20]
雅创电子(301099) - 2024 Q1 - 季度财报