Financial Performance - The company's revenue for Q1 2024 was ¥134,852,543.24, representing a 66.95% increase compared to ¥80,774,720.20 in the same period last year[5] - Net profit attributable to shareholders was ¥6,998,025.25, a significant turnaround from a loss of ¥21,779,680.91 in the previous year, marking a 132.13% increase[5] - The net profit after deducting non-recurring gains and losses was ¥5,371,354.97, compared to a loss of ¥24,053,643.66 last year, reflecting a 122.33% improvement[5] - Total operating revenue for Q1 2024 reached ¥134,852,543.24, a significant increase of 67.0% compared to ¥80,774,720.20 in the same period last year[31] - The company reported a net profit of ¥3,748,071.55, recovering from a loss of ¥3,249,953.70 in the previous period[29] - The net profit for Q1 2024 was ¥5,698,330.24, a significant recovery from a net loss of ¥26,277,237.31 in the same period last year, marking a turnaround of approximately 121.7%[32] - Operating profit for Q1 2024 was ¥6,129,300.70, compared to an operating loss of ¥28,413,046.41 in Q1 2023, indicating a substantial improvement[32] - The total comprehensive income for Q1 2024 was ¥5,698,330.24, a recovery from a comprehensive loss of ¥26,277,237.31 in Q1 2023[32] - The basic and diluted earnings per share for Q1 2024 were both ¥0.01, compared to a loss per share of ¥0.04 in the same period last year[32] Assets and Liabilities - The company's total assets decreased by 1.93% to ¥2,497,281,809.71 from ¥2,546,311,780.21 at the end of the previous year[5] - Total liabilities decreased to ¥882,065,460.99 from ¥937,232,787.67, a reduction of 5.9%[29] - The company's equity attributable to shareholders increased to ¥1,645,998,051.14 from ¥1,639,060,999.95, a growth of 0.4%[29] - Cash and cash equivalents decreased to ¥242,753,207.93 from ¥318,312,938.22, a decline of 23.7%[27] - Accounts receivable increased to ¥141,355,698.29, up 12.9% from ¥125,141,986.30 at the beginning of the period[27] - Inventory levels remained stable, with a slight decrease to ¥286,442,705.49 from ¥288,560,834.02, a change of -0.7%[27] - Non-current assets totaled ¥1,709,452,262.35, an increase from ¥1,681,678,410.64, reflecting a growth of 1.4%[28] Cash Flow - Cash flow from operating activities showed a net outflow of ¥27,615,786.27, an improvement of 9.16% compared to the previous year's outflow of ¥30,402,008.79[5] - Cash flow from operating activities showed a net outflow of ¥27,615,786.27, slightly improved from a net outflow of ¥30,402,008.79 in Q1 2023[34] - Cash flow from investing activities resulted in a net outflow of ¥41,276,963.86, compared to a net outflow of ¥57,182,678.64 in the same quarter last year, reflecting better cash management[35] - Cash flow from financing activities generated a net inflow of ¥3,347,602.16, a decrease from ¥49,442,155.07 in Q1 2023, indicating reduced financing activities[35] Shareholder Information - The total number of common shareholders at the end of the reporting period is 49,970[11] - The largest shareholder, He Zenglin, holds 25.11% of the shares, amounting to 129,971,700 shares, with 91,171,000 shares pledged[11] - Liu Daning, the second-largest shareholder, holds 3.04% of the shares, totaling 15,747,300 shares, with all shares pledged[11] - The top ten shareholders do not participate in margin financing business[12] - The company has not disclosed any other shareholder relationships or concerted actions[12] - The company has no changes in the number of shares lent or returned due to margin financing among the top ten shareholders[12] - The total number of shares with limited sales at the end of the period is 112,131,337 shares[15] Investment and Projects - The company plans to invest CNY 1.69981 billion in the construction of the 5G Communication Industrial Park project in Xi'an[16] - The project will focus on the production of 5G communication electronic products and dual-use military-civilian products[16] - The company has established a project company, Xi'an Tianhe Tengfei Communication Industrial Park Co., Ltd., to oversee the investment project[16] - The company acquired two plots of land for construction projects on August 29, 2019, for a total of RMB 85.04 million, covering an area of 266.264 acres[17] - The Tianrong Big Data (Xi'an) Computing Center project will be built in two phases, with an estimated first phase investment of RMB 2.15536 billion and a second phase investment of RMB 1.20114 billion[17] - The 5G Communication Industrial Park project is facing delays due to archaeological excavations, seasonal weather conditions, and external factors, with construction progress postponed to June 2025[19] - The company’s subsidiary, Nanjing Biao Electronics, plans to invest approximately RMB 1.2 billion in the first phase and RMB 3.8 billion in the second phase for a microwave ferrite and ceramic materials project[20] - The company is actively promoting the construction of the Tianrong Big Data (Xi'an) Computing Center project, which has received approval from relevant authorities[19] - The company’s 5G business-related product lines are being developed in the North plot of the 5G Communication Industrial Park, which has completed all planning and construction permits[18] - The company is coordinating with construction parties to expedite the 5G Communication Industrial Park project to meet completion timelines[19] - The company’s investment in the 5G Communication Industrial Park is part of an optimization adjustment to enhance its related business operations[17] Research and Development - Research and development expenses for Q1 2024 were ¥17,686,730.89, down 26.3% from ¥24,021,068.00 in the previous year[31] Other Financial Metrics - Investment income decreased by 92.54% to ¥81,623.92, primarily due to reduced returns from financial products[8] - The company received government subsidies amounting to ¥2,717,827.60, which positively impacted its financial performance[6] - The weighted average return on equity improved to 0.43% from -1.19% year-on-year[5] - Interest expenses of ¥965,929.71, up from ¥492,069.37 in the previous year, reflecting increased borrowing costs[32] - Total operating costs for Q1 2024 were ¥133,093,935.18, up from ¥114,546,008.80, reflecting a rise of 16.1% year-over-year[31]
天和防务(300397) - 2024 Q1 - 季度财报