博众精工(688097) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥742,955,747.03, representing a decrease of 15.88% compared to the same period last year[3] - The net profit attributable to shareholders was a loss of ¥21,277,243.18, a decline of 140.85% year-over-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥47,150,337.63, down 249.06% from the previous year[3] - The basic and diluted earnings per share were both -¥0.048, reflecting a decrease of 141.03%[9] - The total comprehensive income attributable to the parent company was -12,762,523.66 RMB, compared to 52,078,416.21 RMB in the previous period[23] - The net profit attributable to shareholders of the listed company decreased by 140.85% compared to the previous period[34] - The basic and diluted earnings per share were both -0.048 RMB, down from 0.117 RMB in the previous period[23] - The company reported a net loss of $17,010,831.20 for the current period, a significant decrease from a net profit of $52,475,087.59 in the previous period[51] - The total profit (loss) for the period was -$18,254,572.81, compared to a profit of $59,882,967.76 in the previous year[51] Cash Flow and Liquidity - The company's cash flow from operating activities was negative at -¥498,139,189.54, indicating a significant cash outflow[3] - The net cash flow from operating activities was -498,139,189.54 RMB, a significant decrease from -5,184,714.40 RMB in the previous period[25] - Cash flow from operating activities was RMB 683,220,997.89 in Q1 2024, significantly lower than RMB 1,091,802,091.11 in Q1 2023, indicating a decline of approximately 37%[47] - The company’s cash and cash equivalents decreased significantly, impacting liquidity and operational flexibility[47] - The total cash and cash equivalents at the end of the period decreased to $971,147,783.70 from $1,151,956,149.66, reflecting a decline of approximately 15.7%[49] - The net cash flow from financing activities was $367,246,408.47, compared to a net outflow of -$89,762,388.53 in the previous period, indicating a significant improvement[49] Expenses and Costs - Research and development expenses totaled ¥129,277,858.27, accounting for 17.40% of operating revenue, an increase of 3.42 percentage points[9] - Total operating costs for Q1 2024 were RMB 782,776,790.99, down from RMB 862,111,317.31 in Q1 2023, reflecting a reduction of approximately 9%[44] - The company reported a decrease in sales expenses to RMB 75,596,198.99 in Q1 2024 from RMB 71,491,797.58 in Q1 2023, reflecting an increase of about 5%[44] - The company’s financial expenses decreased significantly to RMB 5,911,505.24 in Q1 2024 from RMB 17,163,706.79 in Q1 2023, a reduction of approximately 65%[44] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,057,162,938.57, up 3.00% from the end of the previous year[9] - The company's total liabilities and shareholders' equity amounted to ¥8,057,162,938.57, reflecting a growth from ¥7,822,402,225.12 in the previous year[20] - The company reported a total inventory of ¥2,898,377,184.71, an increase from ¥2,434,933,654.48 year-over-year[18] - Accounts payable increased to RMB 1,146,712,714.50 as of March 31, 2024, compared to RMB 895,746,337.28 at the end of 2023, representing a rise of about 28%[42] - The total liabilities as of March 31, 2024, amounted to RMB 3,900,536,778.89, up from RMB 3,637,491,342.56 at the end of 2023, indicating an increase of approximately 7.2%[42] Government Support and Other Income - The company received government subsidies amounting to 29,431,563.28 RMB during the reporting period[33] - The company reported a total of 16,299,882.01 RMB in tax refunds received during the reporting period[25] - The company reported a significant increase in cash received from other operating activities, totaling 127,379,229.20 RMB, compared to 88,974,851.85 RMB in the previous period[25] Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters to drive growth[39]