振华风光(688439) - 2024 Q1 - 季度财报

Financial Performance - The total operating revenue for Q1 2024 was RMB 348,416,333.21, representing an increase of 7.9% compared to RMB 323,711,558.36 in Q1 2023[15] - The company's operating revenue for Q1 2024 was ¥348,416,333.21, an increase from ¥323,711,558.36 in Q1 2023, representing a growth of approximately 7.5%[17] - Total operating costs rose to ¥165,137,581.99 in Q1 2024 from ¥146,150,846.64 in Q1 2023, marking an increase of about 12.9%[17] - Net profit for Q1 2024 was ¥139,131,087.55, slightly down from ¥141,759,048.21 in Q1 2023, reflecting a decrease of approximately 1.9%[18] - The net profit attributable to shareholders was $139,793,081.93, reflecting an increase of 8.57% compared to the same period last year[44] - The total profit for Q1 2024 was ¥163,968,218.49, down from ¥167,237,511.64 in Q1 2023, indicating a decrease of approximately 1.5%[17] - The net profit after deducting non-recurring gains and losses was $134,025,825.26, showing a year-over-year increase of 4.71%[44] Shareholder Information - The company reported a total of 9,401 common shareholders at the end of the reporting period, indicating a stable shareholder base[8] - The largest shareholder, China Zhihua Electronics Group, holds 40.12% of the shares, maintaining significant control over the company[8] - There are no significant changes in the top 10 shareholders or their shareholding status compared to the previous period[11] Cash Flow and Liquidity - Cash and cash equivalents increased to RMB 1,386,235,271.32 as of March 31, 2024, up from RMB 1,259,030,367.26 at the end of 2023, indicating improved liquidity[13] - The cash flow from operating activities decreased due to a reduction in cash received from sales and services compared to the previous year[24] - The company's cash received from sales of goods and services was approximately $79.95 million, down from $133.56 million, a decrease of about 40%[37] - The company's cash paid for goods and services was approximately $57.09 million, down from $100.76 million, reflecting a decrease of about 43%[39] - The net cash flow from operating activities was -$95,891,246.52, indicating a significant cash outflow[44] Assets and Liabilities - Total assets increased to approximately $5.56 billion, up from $5.36 billion, representing a growth of about 3.8% year-over-year[32] - The company reported a total liability of approximately $658.18 million, an increase from $594.34 million, indicating a rise of about 10.7%[33] - The total equity attributable to shareholders increased to approximately $4.87 billion, up from $4.73 billion, marking a growth of about 3%[33] - Non-current assets totaled approximately $709.73 million, an increase from $622.52 million, reflecting a growth of about 14%[32] Research and Development - Research and development expenses increased to ¥34,408,346.82 in Q1 2024 from ¥33,285,337.26 in Q1 2023, showing a rise of approximately 3.4%[17] - R&D investment totaled $34,408,346.82, accounting for 9.88% of operating revenue, a decrease of 0.40 percentage points[58] Tax and Impairment - The company reported a significant increase in tax expenses, which rose to ¥2,524,770.88 in Q1 2024 from ¥340,407.40 in Q1 2023, reflecting a growth of about 640.5%[17] - The company experienced a credit impairment loss of ¥-23,159,345.36 in Q1 2024, compared to ¥-9,334,889.13 in Q1 2023, which is a significant increase in losses[17] Future Outlook - The company’s future outlook remains cautious, with no specific guidance provided for the upcoming quarters[10] - The company has not disclosed any new product launches or technological advancements during this reporting period[10]