恒玄科技(688608) - 2024 Q1 - 季度财报

Financial Performance - Total operating revenue for Q1 2024 reached ¥653,188,332.52, a significant increase of 70.4% compared to ¥383,609,680.76 in Q1 2023[12] - In Q1 2024, the company achieved operating revenue of 653 million RMB, a year-on-year increase of 70.27%[29] - The net profit attributable to shareholders of the parent company was 27,602,889.78 RMB, compared to a net loss of 761,660.81 RMB in the same period last year[17] - The total profit for the period was 27,611,978.75 RMB, compared to a loss of 662,130.14 RMB in the previous year[17] - The company reported cash inflows from operating activities totaling 706,007,854.60 RMB, up from 390,521,693.83 RMB in the same period last year[17] - The company noted that the increase in revenue was driven by growing chip demand from downstream customers and the rapid increase in sales of smartwatches and wristbands[29] - The company's operating revenue for Q1 2024 was ¥653,188,332.52, representing a year-on-year increase of 70.27%[43] - The net profit attributable to shareholders of the listed company was ¥27,602,889.78, marking a turnaround from a loss due to significant revenue growth[45] Operating Costs and Cash Flow - Total operating costs for Q1 2024 were ¥631,919,953.76, up from ¥400,750,132.87 in Q1 2023, reflecting a year-over-year increase of 57.7%[12] - Net cash flow from operating activities was negative at -¥96,828,473.71 for Q1 2024, compared to a positive cash flow of ¥5,429,399.51 in Q1 2023[5] - The net cash flow from operating activities was a net outflow of ¥96,828,473.71, primarily due to increased inventory purchases corresponding to rapid revenue growth[46] Research and Development - Research and development expenses for Q1 2024 amounted to ¥164,650,203.44, an increase from ¥119,326,476.75 in Q1 2023, indicating a focus on innovation[12] - Research and development expenses totaled ¥164,650,203.44, which is an increase of 37.98% compared to the previous year[43] - The ratio of R&D expenses to operating revenue was 25.21%, a decrease of 5.90 percentage points from the previous year[44] Assets and Liabilities - The total assets as of Q1 2024 were ¥6,476,750,112.20, a slight decrease from ¥6,551,376,442.37 in the previous year[10] - The total liabilities decreased from ¥5,000,000,000.00 in Q1 2023 to ¥4,800,000,000.00 in Q1 2024, indicating improved financial stability[10] - The total liabilities amounted to 369,081,931.02 RMB, a decrease from 454,204,359.63 RMB year-on-year[19] - The total equity attributable to shareholders of the parent company was 6,107,668,181.18 RMB, compared to 6,097,172,082.74 RMB in the previous year[19] - The equity attributable to shareholders of the listed company was ¥6,107,668,181.18, reflecting a slight increase of 0.17%[44] Cash and Cash Equivalents - Cash and cash equivalents at the end of Q1 2024 totaled ¥2,154,831,666.41, down from ¥1,567,885,602.23 at the end of Q1 2023[7] - The company reported a net decrease in cash and cash equivalents of -¥379,870,104.87 for Q1 2024, compared to -¥276,961,073.91 in Q1 2023[7] Other Income and Gains - Government subsidies related to normal business operations amounted to ¥2,204,403.78[47] - Gains from the disposal of financial assets and liabilities amounted to ¥5,540,559.86[47] - Profit from entrusted investment management reached ¥10,598,748.56[47] Market Expansion and Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[12] - The company experienced a significant increase in chip demand from downstream customers, contributing to revenue growth[33] - The average selling price of the company's chips has improved due to the rapid increase in sales of smartwatches and wristbands[33] - The company has successfully onboarded new customers and projects, further driving revenue growth[33] Profitability Metrics - The comprehensive gross profit margin for the reporting period was 32.93%, a decrease of 2.76 percentage points compared to the same period last year, but an increase of 0.38 percentage points quarter-on-quarter[30] - The basic earnings per share for the period was 0.2300 RMB, compared to a loss of 0.0063 RMB per share in the previous year[17]