久远银海(002777) - 2024 Q1 - 季度财报

Revenue and Profitability - The total operating revenue for Q1 2024 was CNY 195,517,542.81, an increase of 4.5% compared to CNY 187,669,914.94 in Q1 2023[15] - The company’s operating revenue for the first quarter was ¥195,517,542.81, representing a 4.18% increase compared to ¥187,669,914.94 in the same period last year[23] - Net profit attributable to shareholders of the listed company decreased by 19.80% to ¥13,433,533.02 from ¥16,749,089.72 year-on-year[23] - The net profit after deducting non-recurring gains and losses was ¥10,175,883.86, down 28.25% from ¥14,183,275.94 in the previous year[23] - Operating profit fell by 47.25% to 10,229,566.96 from 19,393,085.15, mainly due to significant increases in operating costs and selling expenses[26] - Net profit decreased by 48.65% to 8,148,527.36 from 15,868,546.53, primarily due to a reduction in operating profit[26] Costs and Expenses - The total operating costs for Q1 2024 were CNY 183,835,316.02, up 9.8% from CNY 167,447,079.03 in the same period last year[15] - The gross profit margin for Q1 2024 was approximately 6.5%, down from the previous year's margin due to increased operating costs[15] - The company reported R&D expenses of CNY 16,689,326.28 for Q1 2024, a slight decrease from CNY 17,339,969.42 in Q1 2023[15] Cash Flow and Liquidity - Cash and cash equivalents at the end of Q1 2024 were CNY 551,272,503.27, a decrease of 20% from CNY 688,276,391.49 at the beginning of the period[13] - Net cash flow from operating activities improved by 13.45%, amounting to -¥107,768,498.84 compared to -¥124,519,285.98 in the same period last year[23] - Operating cash inflow totaled CNY 199,166,742.58, a decrease of 1.0% from CNY 201,375,898.23 in the previous period[38] - Operating cash outflow amounted to CNY 306,935,241.42, down 5.8% from CNY 325,895,184.21 in the prior period[39] - Cash inflow from investment activities reached CNY 46,402,510.25, significantly up from CNY 10,262,972.50 in the previous period[39] - Cash outflow from investment activities was CNY 71,154,576.65, an increase from CNY 59,183,026.70 in the prior period[39] Assets and Liabilities - The total assets as of the end of Q1 2024 were CNY 2,632,864,126.03, a decrease of 2.7% from CNY 2,706,126,290.19 at the start of the year[14] - The total liabilities at the end of Q1 2024 were CNY 792,786,943.39, down from CNY 873,831,129.08 at the beginning of the period[14] - Total liabilities amounted to CNY 828,252,921.06, down from CNY 909,663,612.58 in the prior period[43] - Total equity reached CNY 1,804,611,204.97, an increase from CNY 1,796,462,677.61 year-over-year[43] Other Financial Metrics - Basic and diluted earnings per share both decreased by 25.00% to ¥0.03 from ¥0.04 year-on-year[23] - The weighted average return on equity was 0.80%, down from 1.08% in the previous year, reflecting a decrease of 0.28%[23] - Shareholders' equity attributable to the listed company increased by 0.80% to ¥1,683,467,745.94 from ¥1,670,034,212.92 year-on-year[23] - The company received government subsidies amounting to ¥2,122,009.82 during the reporting period[23] Changes in Receivables and Inventory - Accounts receivable at the end of Q1 2024 stood at CNY 595,366,789.34, slightly down from CNY 596,211,736.96 at the start of the quarter[13] - Accounts receivable decreased to 0.00 from 621,950.00, a reduction of 100.00% due to the maturity of receivables[26] - Inventory increased to CNY 375,257,209.14 in Q1 2024, up 15.3% from CNY 325,336,882.00 at the beginning of the period[13] - Prepayments decreased by 35.25% to 14,225,284.04 from 21,970,820.70, primarily due to a reduction in advance procurement payments[26] Employee Compensation and Other Assets - The company reported a significant decrease in employee compensation payable by 31.58% to 79,188,869.74 from 115,733,667.78, mainly due to reduced performance payments[26] - The company’s other non-current assets increased by 82.50% to 28,000,000.00 from 15,342,684.93, primarily due to growth in time deposits[26]