Financial Performance - The company's operating revenue for Q1 2024 was ¥257,532,514.10, a decrease of 15.33% compared to ¥304,175,666.88 in the same period last year[5] - Net profit attributable to shareholders was ¥39,872,200.49, representing a 3.60% increase from ¥38,524,033.76 year-on-year[5] - The company's basic earnings per share increased to ¥0.4785, up 3.44% from ¥0.4630 in the same quarter last year[5] - Total operating revenue for Q1 2024 was CNY 257,532,514.10, a decrease of 15.3% compared to CNY 304,175,666.88 in Q1 2023[22] - Net profit for Q1 2024 reached CNY 39,872,200.49, representing an increase of 3.6% from CNY 38,486,319.42 in Q1 2023[23] - The total comprehensive income for Q1 2024 was CNY 40,270,127.50, compared to CNY 38,447,834.78 in the same period last year, indicating an increase of about 4.8%[24] - Basic and diluted earnings per share for Q1 2024 were both CNY 0.4785, up from CNY 0.4626 in Q1 2023, reflecting a rise of approximately 3.9%[24] Cash Flow and Investments - The net cash flow from operating activities improved significantly to ¥135,208,344.00, a 605.31% increase from a negative cash flow of ¥26,757,364.76 in the previous year[5] - Cash inflows from operating activities totaled CNY 245,702,306.43, compared to CNY 187,749,493.56 in the previous year, marking an increase of about 30.8%[27] - The net cash flow from operating activities for Q1 2024 was CNY 135,208,344.00, a significant recovery from a negative cash flow of CNY -26,757,364.76 in Q1 2023[27] - Cash outflows from investing activities amounted to CNY 383,968,713.11, compared to CNY 164,767,072.53 in the previous year, indicating a substantial increase in investment activities[27] - The net cash flow from investing activities for Q1 2024 was CNY -210,007,335.03, down from CNY 57,170,524.43 in Q1 2023, reflecting increased capital expenditures[27] - The company reported a net decrease in cash and cash equivalents of CNY -74,748,066.20 for Q1 2024, contrasting with an increase of CNY 28,513,506.88 in the same period last year[27] Assets and Liabilities - Total assets at the end of Q1 2024 reached ¥1,731,568,598.35, reflecting a 2.88% increase from ¥1,683,104,546.51 at the end of the previous year[5] - Total liabilities increased to CNY 503,728,792.93 in Q1 2024, compared to CNY 496,284,146.11 in Q1 2023[20] - As of March 31, 2024, the company's cash and cash equivalents amount to RMB 290,856,275.68, down from RMB 357,358,331.06 at the beginning of the period[18] - The company's cash and cash equivalents decreased to CNY 126,121,222.22 from CNY 130,376,232.88 year-over-year[19] - Accounts receivable decreased to CNY 280,688,940.34 from CNY 296,161,806.76, indicating a reduction of 5.2%[19] - Inventory levels slightly decreased to CNY 117,099,011.76 from CNY 121,140,157.13, a decline of 3.4%[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 12,535[14] - The largest shareholder, Duan Zhenggang, holds 47.69% of the shares, totaling 39,734,000 shares[14] - The second-largest shareholder, Wang Xinlin, owns 14.64% of the shares, amounting to 12,196,045 shares[14] Legal Matters - The company is currently facing a lawsuit from Jiangsu Huilang Electronics for a total claim of RMB 11,728,159.67 due to alleged quality defects in connectors[16] Future Plans - The company plans to continue expanding its production capacity and R&D efforts, supported by recent financing activities[11] - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[23] Other Financial Metrics - The company reported a significant increase in prepayments, which rose by 87.29% to ¥7,600,644.37 due to increased advance payments for expansion and R&D projects[10] - Sales expenses increased by 31.27% to ¥1,961,616.82, primarily due to efforts in promoting overseas markets and new product categories[12] - Investment income surged by 213.94% to ¥4,793,976.69, attributed to enhanced fund management and increased investment amounts[12] - The company experienced a 60.92% decrease in tax and additional charges, down to ¥556,937.44, due to changes in VAT policies[12] - The company reported a financial expense of CNY -2,659,424.18, a significant improvement compared to CNY 1,511,440.47 in the previous year[23] - The company received tax refunds of CNY 9,414,757.07, compared to CNY 8,188,475.03 in Q1 2023, showing a growth of approximately 15%[27] Audit Status - The company has not undergone an audit for the Q1 2024 report[29]
快可电子(301278) - 2024 Q1 - 季度财报