琏升科技(300051) - 2024 Q1 - 季度财报

Revenue and Profitability - Revenue for Q1 2024 reached ¥62,029,627.03, an increase of 29.28% compared to ¥47,980,060.90 in the same period last year[5] - Net profit attributable to shareholders was -¥28,487,742.29, a significant decline of 925.67% from -¥2,777,851.46 in the previous year[5] - Net loss for Q1 2024 was ¥77,724,492.37, compared to a net loss of ¥4,817,474.90 in the same period last year[39] - The total comprehensive loss for Q1 2024 was ¥77,747,344.48, compared to a loss of ¥4,822,345.80 in the same period last year[39] - Basic and diluted earnings per share were both reported at -¥0.08, compared to -¥0.01 in the previous year[39] Cash Flow - Operating cash flow net amount increased by 1,044.99% to ¥38,549,057.27 from ¥3,366,773.91 year-on-year[5] - Cash flow from operating activities generated a net inflow of ¥38,549,057.27, significantly higher than ¥3,366,773.91 in the previous year[41] - Net cash flow from operating activities increased by 1044.99% year-on-year, primarily due to government subsidies related to assets received during the period[27] - In Q1 2024, the net cash flow from financing activities was approximately ¥338.52 million, a decrease from ¥520.85 million in the previous period[42] - The total cash inflow from financing activities amounted to ¥358.99 million, compared to ¥528.00 million in the prior year[42] - The cash and cash equivalents at the end of Q1 2024 were ¥28.54 million, significantly down from ¥231.87 million at the end of the previous period[42] - The company reported a negative net increase in cash and cash equivalents of ¥205.52 million for Q1 2024[42] - The impact of exchange rate changes on cash and cash equivalents was a positive ¥8,969.45 in Q1 2024[42] Assets and Liabilities - Total assets decreased by 7.93% to ¥3,181,168,760.96 from ¥3,455,003,752.37 at the end of the previous year[5] - The company's total assets and equity decreased to ¥3,181,168,760.96 and ¥996,669,253.61 respectively, down from ¥3,455,003,752.37 and ¥1,059,814,508.08[38] - Long-term borrowings increased by 32.40% to ¥481,577,447.01 from ¥363,722,829.48 at the beginning of the year[8] - The company's total liabilities decreased from CNY 2,395,189,244.29 to CNY 2,184,499,507.35, a decline of approximately 8.8%[37] - Total current liabilities decreased from CNY 1,589,930,758.44 to CNY 1,196,074,688.46, reflecting a reduction of approximately 24.8%[37] Operating Costs and Expenses - The company reported a significant increase in operating costs, which rose by 163.98% to ¥57,272,585.29 from ¥21,695,869.70 year-on-year[16] - Total operating costs surged to ¥111,661,895.85, up 115.5% from ¥51,778,079.01 in the prior year[38] - Management expenses rose by 103.14% year-on-year, mainly due to increased expenses in the solar cell business[18] - Financial expenses surged by 198.40% year-on-year, mainly due to unrecognized financing costs related to lease liabilities and increased interest expenses from bank loans[20] - The company experienced a 198.40% increase in financial expenses, amounting to ¥12,277,698.22 compared to ¥4,114,450.68 in the previous year[16] Research and Development - R&D expenses rose by 53.63% to ¥7,051,226.61 compared to ¥4,589,868.86 in the previous year[16] - R&D expenses increased by 53.63% year-on-year, attributed to higher investments in R&D for the solar cell business[19] - Research and development expenses increased to ¥7,051,226.61, up from ¥4,589,868.86, reflecting a focus on innovation[38] Investments and Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,089[31] - The company has provided guarantees for its subsidiaries to secure loans from financial institutions, indicating a strategic move to support growth[34] - The company has announced plans for capital increases in its subsidiaries, which may enhance operational capabilities and market presence[34] - The company recorded investment cash inflows of ¥17,420,000.00, up from ¥9,140,000.00 in the prior year[41] - Investment income increased by 109.30% year-on-year, mainly due to higher investment income from associated enterprises[22] Other Income and Subsidies - Deferred income increased by 888.72% to ¥66,703,069.77, primarily due to government subsidies related to assets[8] - Other income decreased by 42.96% year-on-year, primarily due to a reduction in government subsidies received[21] - The company reported a significant increase in sales cash receipts to ¥73,421,373.72, compared to ¥50,190,058.00 in the previous period[41] Audit and Reporting - The first quarter report for 2024 was not audited[43]