Financial Performance - The company's revenue for Q1 2024 was CNY 430,415,845.94, representing an increase of 11.10% compared to CNY 387,418,655.47 in the same period last year[5] - Net profit attributable to shareholders decreased by 2.74% to CNY 18,799,551.18 from CNY 19,328,616.47 year-on-year[5] - Total operating revenue for Q1 2024 reached ¥430,415,845.94, an increase of 11.1% compared to ¥387,418,655.47 in the same period last year[16] - Net profit for Q1 2024 was ¥18,799,551.18, a decrease of 2.7% from ¥19,328,616.47 in Q1 2023[18] Cash Flow - The net cash flow from operating activities showed a significant decline of 173.73%, resulting in a net outflow of CNY 11,994,747.61 compared to a net inflow of CNY 16,267,942.17 in the previous year[5] - Operating cash flow for the period was negative at -¥11,994,747.61, compared to a positive cash flow of ¥16,267,942.17 in the previous year[19] - The net cash flow from investing activities was -86,951,596.13, compared to -166,074,087.75 in the previous year, indicating a reduction in cash outflow by approximately 47.7%[20] - The net cash flow from financing activities was 9,204,830.51, a significant decline from 184,060,865.44 in the previous year, representing a decrease of approximately 95%[20] - The cash and cash equivalents at the end of the period were 74,770,229.97, down from 265,861,409.21, indicating a decrease of about 71.9%[20] - The cash and cash equivalents net increase was -87,013,883.41, contrasting with an increase of 32,106,246.84 in the same period last year[20] Assets and Liabilities - Total assets at the end of the reporting period increased by 1.04% to CNY 2,342,550,845.23 from CNY 2,318,443,408.98 at the end of the previous year[5] - Current assets totaled CNY 1,163,631,615.82, up from CNY 1,148,002,864.44 at the start of the quarter, reflecting a growth of approximately 1.5%[13] - Total liabilities stood at CNY 1,028,471,115.93, slightly up from CNY 1,023,163,230.86, showing a marginal increase[14] - The total non-current assets were CNY 1,178,919,229.41, a slight increase from CNY 1,170,440,544.54, reflecting a growth of about 0.7%[14] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 64,971, with the largest shareholder holding 19.72% of the shares[10] - The company's equity remained stable with a share capital of CNY 375,284,000.00, unchanged from the previous period[14] Expenses - Total operating costs amounted to ¥418,395,432.98, up 12.8% from ¥370,807,521.90 year-on-year[16] - Research and development expenses decreased to ¥15,832,524.46, down 7.9% from ¥17,200,973.14 in the prior year[16] - The company reported a decrease in financial expenses to ¥1,118,362.64, down from ¥6,034,895.25 in the previous year[16] Investment and Prepayments - The company reported a significant increase in investment income, rising by 283.06% to CNY 189,600 compared to the previous year[10] - The company experienced a 150.27% increase in prepayments, amounting to CNY 6,699,000, primarily due to increased material payments[10] - The company reported a significant increase in prepayments, which rose to CNY 11,157,122.68 from CNY 4,458,113.70, marking a growth of approximately 150.7%[13] Other Information - The company's basic earnings per share remained unchanged at CNY 0.05, with a diluted earnings per share also at CNY 0.05[5] - The weighted average return on equity decreased to 1.44% from 1.56% in the previous year[5] - The company has not disclosed any new product developments or market expansion strategies in the current report[12] - The company plans to focus on market expansion and new product development in the upcoming quarters[18] - The impact of exchange rate changes on cash and cash equivalents was 2,727,629.82, compared to -2,148,473.02 in the previous year, showing a positive shift[20] - The company's first-quarter report was not audited, which may affect the reliability of the financial data presented[21]
康强电子(002119) - 2024 Q1 - 季度财报