飞亚达(000026) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥1,065,150,876, a decrease of 11.24% compared to ¥1,200,095,568.76 in the same period last year[5] - Net profit attributable to shareholders was ¥75,499,096.30, down 26.83% from ¥103,189,489.23 year-on-year[5] - Basic earnings per share decreased by 27.03% to ¥0.1828 from ¥0.2505 in the same period last year[5] - The company's operating profit for Q1 2024 was 98,387,186.14 CNY, a decrease of 25.7% compared to 132,512,634.21 CNY in Q1 2023[22] - Total comprehensive income for Q1 2024 was 69,034,388.28 CNY, compared to 100,700,422.46 CNY in Q1 2023, reflecting a decline of 31.5%[23] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥964,281.20, a decline of 101.20% compared to ¥80,169,964.00 in the previous year[11] - Cash flow from operating activities showed a net outflow of 964,281.20 CNY, contrasting with a net inflow of 80,169,964.00 CNY in Q1 2023[26] - The cash and cash equivalents at the end of the first quarter amounted to CNY 429,133,282.84, a decrease of 15% from CNY 504,629,153.71 at the beginning of the period[18] - The company reported a cash and cash equivalents balance of 429,133,282.84 CNY at the end of Q1 2024, down from 348,095,993.14 CNY at the end of Q1 2023[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,136,305,356.14, a decrease of 1.62% from ¥4,204,260,897.08 at the end of the previous year[5] - The total liabilities decreased to CNY 732,669,203.44 from CNY 870,455,144.89, indicating a reduction of about 15.8%[20] - The total assets as of March 31, 2024, were CNY 4,136,305,356.14, down from CNY 4,204,260,897.08, reflecting a decrease of approximately 1.6%[20] Shareholder Information - The company's total equity attributable to shareholders increased by 2.09% to ¥3,403,636,152.70 from ¥3,333,805,752.19 at the end of the previous year[5] - The number of ordinary shareholders at the end of the reporting period was 28,557[13] - The company repurchased 9,355,763 B shares for a total amount of HKD 70,401,771.17, demonstrating a commitment to shareholder value[16] - The company plans to continue its stock repurchase program and has outlined strategies for market expansion and new product development in future quarters[16] Operational Metrics - The total operating costs for the first quarter were CNY 974,432,726.28, down from CNY 1,070,094,479.27 in the previous period, reflecting a cost reduction strategy[21] - Accounts receivable increased to CNY 354,145,988.29 from CNY 323,142,761.64, indicating a rise of approximately 9.6%[19] - Inventory levels remained stable, with a slight increase to CNY 2,105,364,158.13 from CNY 2,100,666,175.28, showing a marginal growth of 0.1%[19] - Research and development expenses increased to 14,435,086.78 CNY from 13,175,703.59 CNY, indicating a growth of 9.5% year-over-year[22] - The company incurred a credit impairment loss of 2,979,316.13 CNY, compared to a reversal of 240,194.86 CNY in the previous year[22] Non-Recurring Items - The company reported non-recurring gains and losses totaling ¥5,743,140.42 for the period[6] - The company did not report any significant new product launches or technological advancements during this quarter[27] Other Financial Indicators - The company's retained earnings increased to CNY 1,785,012,482.06 from CNY 1,709,513,385.76, representing a growth of about 4.4%[20] - Contract liabilities rose by 52.88% to ¥18,783,506.42, primarily due to increased advance receipts in the watch business[9] - Prepayments increased by 84.00% to ¥12,091,024.86 due to increased advance payments for procurement[8]