Suzhou Centec (SH:688702)2024-04-24 11:24Financial Performance - The company's revenue for Q1 2024 was ¥254,278,747.28, representing a year-over-year decrease of 13.61% but a quarter-over-quarter increase of 58.80% compared to Q4 2023[10] - The net profit attributable to shareholders for Q1 2024 was -¥6,068,799.04, reflecting a significant decline of 138.73% year-over-year[10] - Total operating revenue for Q1 2024 was ¥254,278,747.28, a decrease of 13.6% compared to ¥294,348,855.60 in Q1 2023[32] - The company reported a net loss of ¥69,747,874.94 for Q1 2024, compared to a net loss of ¥63,679,075.90 in Q1 2023[31] - Total comprehensive income for Q1 2024 was a loss of ¥6,068,799.04, down from a gain of ¥15,668,688.19 in Q1 2023[37] - Basic and diluted earnings per share for Q1 2024 were both -¥0.01, compared to ¥0.04 in Q1 2023[37] Research and Development - The R&D investment totaled ¥93,415,905.36 in Q1 2024, an increase of 67.03% compared to the same period last year, indicating a strong focus on product development[7] - The proportion of R&D investment to operating revenue was 36.74%, up by 17.74 percentage points year-over-year, highlighting the company's commitment to innovation[7] - R&D expenses increased to ¥93,415,905.36 in Q1 2024 from ¥55,928,144.20 in Q1 2023, representing a growth of 67.0%[35] Cash Flow and Liquidity - The net cash flow from operating activities for Q1 2024 was -¥81,177,019.43, a decline of 140.92% year-over-year, primarily due to a decrease in cash received from customers[10] - Operating cash flow for Q1 2024 showed a net outflow of ¥81,177,019.43, contrasting with a net inflow of ¥198,381,038.28 in Q1 2023[41] - Cash and cash equivalents as of March 31, 2024, amount to ¥1,146,025,185.13, an increase from ¥1,031,089,295.76 on December 31, 2023, reflecting a growth of approximately 11.1%[22] - Cash inflow from investment activities in Q1 2024 was ¥201,169,586.85, compared to an outflow of ¥22,019,269.09 in Q1 2023, indicating a turnaround[41] - Cash outflow from financing activities in Q1 2024 was ¥135,221,365.80, down from ¥170,131,451.39 in Q1 2023, a decrease of 20.5%[41] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥3,096,531,749.21, a decrease of 1.54% from the end of the previous year[7] - Total assets decreased to ¥3,096,531,749.21 as of March 31, 2024, from ¥3,144,903,168.15 as of December 31, 2023, a decline of 1.5%[31] - Total liabilities decreased to ¥725,499,600.53 as of March 31, 2024, from ¥775,877,840.49 as of December 31, 2023, a reduction of 6.5%[29] Shareholder Information - The total number of common shareholders at the end of the reporting period is 8,732, with the largest shareholder, China Zhinhua Electronics Group Co., Ltd., holding 87,172,346 shares, representing 21.26% of the total[15] - The top ten shareholders include state-owned entities, with the second-largest shareholder, National Integrated Circuit Industry Investment Fund Co., Ltd., holding 80,357,143 shares, or 19.60%[15] - The total number of shares held by the top ten unrestricted shareholders includes significant holdings from various investment funds, indicating a diverse shareholder base[18] Financial Statement Notes - The financial statements for the first quarter of 2024 are unaudited, indicating that the figures presented are subject to final review[21] - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending activities[20] - The company has not identified any other significant relationships or concerted actions among shareholders beyond those disclosed[18]