盈方微(000670) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was CNY 970,218,416.49, representing a 55.87% increase compared to CNY 622,438,964.06 in the same period last year[5]. - The net profit attributable to shareholders was a loss of CNY 3,276,270.44, an improvement of 68.39% from a loss of CNY 10,365,705.14 year-over-year[5]. - The net profit for the current period was ¥12,902,041.82, compared to a net loss of ¥4,892,184.50 in the previous period, marking a turnaround in profitability[21]. - The company reported a total comprehensive income of ¥8,511,524.92, recovering from a loss of ¥12,417,139.16 in the previous period[21]. - Basic and diluted earnings per share were both -0.0040, an improvement from -0.0127 in the previous period[21]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 109.88% to CNY 94,210,066.09, up from CNY 44,887,191.08 in the previous year[5]. - Operating cash flow generated was ¥94,210,066.09, an increase from ¥44,887,191.08 in the previous period, indicating improved cash generation capabilities[22]. - Cash and cash equivalents increased to RMB 40,391,549.16 from RMB 16,647,142.74, representing a growth of approximately 142.5%[15]. - Cash and cash equivalents at the end of the period totaled ¥40,391,549.16, up from ¥30,013,778.81, representing a 34% increase[23]. - The company incurred a net investment cash outflow of ¥1,201,349.36, compared to ¥46,716.00 in the previous period, indicating increased investment activities[22]. - Financing activities resulted in a net cash outflow of ¥69,437,455.90, compared to a net outflow of ¥28,924,011.06 in the previous period, reflecting higher financing costs[23]. Assets and Liabilities - Total assets decreased by 8.96% to CNY 1,821,733,614.58 from CNY 2,001,072,330.07 at the end of the previous year[5]. - The company's total liabilities were RMB 1,469,629,161.57, down from RMB 1,664,851,648.62 at the start of the quarter[17]. - The total equity attributable to shareholders was RMB 37,881,533.74, slightly up from RMB 37,172,661.95[18]. - The total non-current assets were RMB 469,133,590.65, slightly down from RMB 471,949,560.78[17]. Inventory and Receivables - Inventory decreased by 41.82% to CNY 230,190,022.31, down from CNY 395,647,601.81, due to increased sales reducing stock levels[9]. - The company reported a significant increase in accounts receivable, which rose by 150.59% to CNY 15,563,040.11, attributed to increased sales transactions[8]. - Accounts receivable decreased to RMB 1,003,655,840.81 from RMB 1,073,260,944.57, a decline of about 6.5%[16]. - Inventory levels dropped significantly to RMB 230,190,022.31 from RMB 395,647,601.81, a reduction of approximately 41.8%[16]. Research and Development - Research and development expenses decreased by 60.87% to CNY 1,931,944.98, down from CNY 4,937,731.40, primarily due to reduced personnel costs[9]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 102,715[10]. Future Plans - The company plans to continue expanding its business operations to drive revenue growth further[9]. - The company plans to acquire 49% equity in Shenzhen Huaxin Technology Co., Ltd. and WORLD STYLE TECHNOLOGY HOLDINGS LIMITED through a combination of share issuance and cash payment[13]. - The total amount of funds raised through the issuance of shares for the acquisition is not to exceed 100% of the transaction price[13].