威力传动(300904) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥28,695,036.47, a decrease of 70.15% compared to ¥96,127,660.99 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥7,773,412.58, representing a decline of 292.05% from a profit of ¥4,047,646.02 in the previous year[5] - Basic and diluted earnings per share were both ¥-0.11, down 257.14% from ¥0.07 in the same period last year[5] - Total operating revenue for Q1 2024 was CNY 28,695,036.47, a decrease of 70.16% compared to CNY 96,127,660.99 in the same period last year[26] - Net profit for Q1 2024 was a loss of CNY 7,773,412.58, compared to a profit of CNY 4,047,646.02 in Q1 2023, representing a significant decline[28] Cash Flow - The net cash flow from operating activities was negative at ¥44,431,358.65, a 5.70% increase in outflow compared to ¥-42,034,909.59 in the previous year[5] - The cash flow from operating activities was CNY 6,733,387.02, a decrease from CNY 55,607,226.78 in the previous year[31] - Total cash inflow from investment activities was 14,037.26 CNY, while cash outflow was 109,207,273.28 CNY, resulting in a net cash flow from investment activities of -109,193,236.02 CNY[33] - Cash inflow from financing activities amounted to 27,310,000.00 CNY, with cash outflow totaling 13,165,906.53 CNY, leading to a net cash flow from financing activities of 14,144,093.47 CNY[33] - The company's cash and cash equivalents decreased from CNY 281,074,625.74 at the beginning of the period to CNY 161,766,191.03 at the end of the period, representing a decline of approximately 42.5%[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,490,524,288.27, a decrease of 0.71% from ¥1,501,168,433.04 at the end of the previous year[5] - Total current assets decreased from CNY 883,056,870.20 to CNY 782,621,111.90, a decline of about 11.4%[22] - Total liabilities decreased slightly to CNY 656,157,524.16 from CNY 659,028,256.35, a decline of 0.42%[24] - The company’s non-current assets totaled CNY 707,903,176.37, an increase from CNY 618,111,562.84 year-on-year[25] Expenses - Research and development expenses rose to ¥11,829,596.17, a 34.73% increase from ¥8,780,360.33 in the previous year, reflecting an increase in R&D personnel and average salaries[12] - The company reported a significant increase in sales expenses, which rose to CNY 4,298,449.14, compared to CNY 2,253,587.78 in the same period last year[27] - Total operating costs for Q1 2024 were CNY 62,243,250.27, down 36.06% from CNY 97,215,025.76 year-on-year[26] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,710[15] - The company has a significant shareholder structure, with the largest shareholder, Li Abbo, holding 35,280,000 shares, which represents a substantial portion of the total shares[18] - The company reported a total of 55,221,122 restricted shares at the beginning of the period, with 933,890 shares released, resulting in 54,287,232 restricted shares at the end of the period[19] - The company is planning to lift restrictions on certain shares by August 2024, which may impact liquidity and shareholder structure[18] Other Information - The company has engaged in various financing activities, with notable participation from major shareholders in margin trading[17] - The company is focused on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[19] - The company has adopted new accounting standards effective from October 25, 2023, regarding the accounting treatment of sale-leaseback transactions[35] - The Q1 2024 report has not been audited, indicating that the figures may be subject to change upon final audit[36]