Eontec(SZ:300328)2024-04-24 11:11Revenue and Profitability - Revenue for Q1 2024 was CNY 380,449,483.23, a decrease of 0.30% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 911,986.30, representing a significant increase of 292.35% year-over-year[5] - Basic and diluted earnings per share were both CNY 0.0013, up 285.71% from the same period last year[5] - Total operating revenue for Q1 2024 was CNY 380,449,483.23, a slight decrease of 0.3% compared to CNY 381,585,071.17 in Q1 2023[19] - Operating profit for Q1 2024 was a loss of CNY 5,586,133.28, an improvement from a loss of CNY 8,688,042.79 in the same period last year[20] - Net profit for Q1 2024 was a loss of CNY 2,154,015.59, compared to a loss of CNY 4,813,813.06 in Q1 2023, indicating a significant reduction in losses[20] - The total comprehensive income attributable to the parent company was approximately ¥611,948.14, a significant improvement from a loss of ¥2.66 million in the same period last year[21] Cash Flow and Financial Position - Operating cash flow increased by 401.09% to CNY 53,854,792.97 compared to the previous year[5] - The net cash flow generated from operating activities was ¥53.85 million, significantly up from ¥10.75 million in the same period last year, indicating a year-over-year increase of approximately 400.5%[24] - The total cash and cash equivalents at the end of Q1 2024 amounted to ¥219.79 million, compared to ¥113.78 million at the end of Q1 2023, reflecting an increase of about 93.2%[24] - The company reported cash and cash equivalents of ¥313,087,067.02 at the end of the period, an increase from ¥285,109,442.59 at the beginning of the period, representing a growth of approximately 9.3%[16] - The cash outflow from investing activities was ¥59.32 million, down from ¥65.99 million in the previous year, showing a decrease of about 10.2%[24] - The net cash flow from financing activities was ¥646,172.37, a decrease from ¥29.22 million in the previous year, indicating a decline of approximately 97.8%[24] - The company received cash from other financing activities amounting to ¥44.44 million, an increase from ¥24.87 million in the previous year, representing a growth of about 78.5%[24] Assets and Liabilities - Total assets decreased by 2.07% to CNY 2,762,343,429.50 compared to the end of the previous year[5] - The company's total assets decreased to CNY 2,762,343,429.50 from CNY 2,820,706,244.25, a decline of approximately 2.1%[18] - Current liabilities decreased to CNY 1,157,873,296.62 from CNY 1,235,736,876.17, a reduction of about 6.3%[18] - The company experienced a 46.63% decrease in current liabilities due to repayments of due borrowings and lease payments[9] - Long-term borrowings increased slightly to CNY 269,062,446.00 from CNY 267,102,446.00, reflecting a growth of 0.7%[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 31,277[12] - The largest shareholder, Zhuzhou State-owned Assets Investment Holding Group Co., Ltd., holds 25.99% of shares, totaling 179,445,000 shares[12] - The company has a total of 5.00% shares held by Yian Industrial Co., Ltd., amounting to 34,521,000 shares[12] - A total of 1,350,000 restricted shares were released during the period, reducing the total restricted shares to 4,055,625[14] - The company has not reported any changes in the top 10 shareholders or the top 10 unrestricted shareholders due to securities lending or returning[13] - The company has not disclosed any related party relationships or concerted actions among shareholders[12] - The company’s financial report indicates no significant changes in the number of preferred shareholders or their holdings[13] - The company maintains a policy that executives can only transfer up to 25% of their total shareholdings during their tenure[14] Expenses - Total operating costs increased to CNY 398,334,891.73, up from CNY 396,848,997.76, reflecting a rise of 0.4%[19] - Research and development expenses for Q1 2024 were CNY 20,951,954.72, down from CNY 22,734,043.41, a decrease of approximately 7.8%[20] - The company reported a decrease in sales expenses to CNY 10,060,253.92 from CNY 13,961,018.78, a reduction of about 28.5%[20] Non-Operating Income and Expenses - Non-operating income increased by 577.59% year-over-year, primarily due to an increase in other non-operating income[10] - Financial expenses decreased by 47.03% compared to the same period last year, mainly due to reduced exchange losses[10] - The company reported a tax refund of ¥10.10 million, down from ¥12.87 million in the previous year, indicating a decrease of about 21.5%[24]