Financial Performance - The total operating revenue for Q1 2024 was CNY 233,646,551.88, representing a 14.05% increase compared to Q1 2023[13]. - The net profit attributable to shareholders of the listed company was CNY 7,583,040.24, with a significant increase in interest income during the reporting period[13][18]. - Net profit for the period was ¥8,706,420.05, a significant recovery from a net loss of ¥1,426,590.35 in the previous year[37]. - The total profit for the period reached ¥10,159,189.11, up from ¥777,331.64, showing a substantial increase[35]. - The net profit attributable to shareholders of the parent company was ¥7,583,040.24, a recovery from a loss of ¥1,252,261.20 in the previous year[37]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 68.76% to CNY 13,566,295.85 due to the concentration of accounts payable due for settlement[13][18]. - Cash flow from operating activities generated ¥13,566,295.85, down from ¥43,427,983.62 in the same quarter last year, reflecting a decrease of approximately 68.8%[39]. - The net increase in cash inflow from operating activities was ¥280,398,508.17, compared to ¥263,387,980.76 in the previous year, reflecting a growth of approximately 6.5%[39]. - The net increase in cash and cash equivalents was -$126.65 million, compared to -$30.62 million in the previous period, highlighting a decline in liquidity[40]. - The ending balance of cash and cash equivalents was $287.33 million, down from $413.98 million at the beginning of the period, indicating a reduction in available cash[40]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,964,303,724.78, a slight increase of 0.08% from the end of the previous year[16]. - The total liabilities amounted to CNY 838,677,033.22, showing a decrease from CNY 849,376,054.11 in the previous year[8]. - Current liabilities total approximately RMB 659.29 million, down from RMB 682.65 million[31]. - Long-term borrowings increased from RMB 71.63 million to RMB 86.80 million, reflecting a growth of approximately 21.1%[32]. - As of March 31, 2024, total current assets amount to approximately RMB 2.28 billion, slightly down from RMB 2.28 billion at the end of 2023[28]. Shareholder Information - The company reported a total of 1,477,276,000 shares in capital stock, unchanged from the previous period[8]. - Total number of common shareholders at the end of the reporting period is 38,732[21]. - Zhejiang Juhua Co., Ltd. and National Integrated Circuit Industry Investment Fund Co., Ltd. each hold 390,000,000 shares, representing 26.40% of total shares[21]. - The top ten shareholders include entities with significant stakes, such as QZ Hengxin Enterprise Management Partnership holding 107,957,000 shares (7.31%) and Shenzhen Yuanzhi Fuhai Investment Management holding 100,000,000 shares (6.77%)[21]. Research and Development - Research and development expenses totaled CNY 14,216,703.28, accounting for 6.08% of operating revenue, a decrease of 0.77 percentage points year-on-year[16]. - Research and development expenses were reported at ¥14,216,703.28, slightly up from ¥14,031,498.56, indicating a focus on innovation[35]. Financial Management - The company reported a financial expense of -¥10,693,017.74, a significant decrease from ¥2,172,704.58, indicating improved financial management[35]. - Net cash flow from investing activities was -$194.27 million, compared to -$79.72 million in the previous period, indicating a significant increase in cash outflows[40]. - Total cash inflow from financing activities was $78 million, up from $59.92 million in the previous period, reflecting a positive trend in financing[40]. - Net cash flow from financing activities increased to $53.33 million, compared to $6.37 million in the previous period, showing improved financial management[40]. Inventory and Receivables - Accounts receivable increased from RMB 215.76 million to RMB 236.93 million, indicating a growth of approximately 9.8%[28]. - Inventory decreased from RMB 194.02 million to RMB 186.64 million, a decline of about 3.7%[28].
中巨芯(688549) - 2024 Q1 - 季度财报