FOUNDERTECH(SH:600601)2024-04-25 08:55Financial Performance - Total operating revenue for Q1 2024 reached RMB 769,457,722.76, an increase of 13.0% compared to RMB 680,842,807.78 in Q1 2023[4] - Net profit for Q1 2024 was RMB 76,909,444.45, a significant recovery from a net loss of RMB 20,523,383.96 in Q1 2023[8] - The company reported a profit margin of approximately 10.0% in Q1 2024, compared to a negative margin in the same period last year[8] - The total comprehensive income for Q1 2024 was RMB 74,447,815.52, a recovery from a total loss of RMB 22,203,268.42 in Q1 2023[8] - The company achieved an operating profit of RMB 88,447,304.92 in Q1 2024, compared to an operating loss of RMB 18,473,914.92 in Q1 2023[8] Operating Costs and Expenses - Total operating costs for Q1 2024 were RMB 723,456,957.95, up from RMB 692,295,471.49 in Q1 2023, reflecting a year-over-year increase of 4.5%[4] - Research and development expenses for Q1 2024 amounted to RMB 40,141,735.69, compared to RMB 38,466,571.72 in Q1 2023, indicating a 4.4% increase[4] Cash Flow - Cash flow from operating activities in Q1 2024 was RMB 845,239,024.42, up from RMB 803,810,137.48 in Q1 2023, representing a growth of 5.2%[11] - The net cash flow from operating activities was $172.66 million, an increase from $51.47 million in the previous period[12] - The ending cash and cash equivalents balance was $748.56 million, up from $528.79 million in the previous period[12] - The cash outflow for the acquisition of fixed assets was $269.41 million, significantly higher than $61.08 million last year[12] Shareholder Information - The company’s major shareholder, Zhuhai Huashi Huanxin Fangke Investment Enterprise, holds 23.50% of the shares[17] - The total number of shares held by the top ten shareholders is 1,250,670,956, representing 29.99% of the total share capital[20] - The total number of ordinary shareholders at the end of the reporting period was 147,910[33] Assets and Liabilities - As of March 31, 2024, the total current assets amounted to 2,492,295,954.26 yuan, a decrease from 2,653,499,628.00 yuan as of December 31, 2023, representing a decline of approximately 6.06%[24] - The total non-current assets increased to 3,191,145,832.84 yuan from 3,031,766,272.38 yuan, reflecting an increase of about 5.26%[28] - The total liabilities decreased to 1,759,474,592.88 yuan from 1,835,746,521.68 yuan, indicating a reduction of approximately 4.14%[29] - The company's total assets as of March 31, 2024, were 5,683,441,787.10 yuan, slightly down from 5,685,265,900.38 yuan at the end of the previous period[29] Earnings and Returns - The net profit attributable to shareholders of the listed company turned positive due to optimization in the PCB business product structure[32] - The company reported a basic earnings per share turnaround from negative to positive, driven by changes in net profit attributable to shareholders[32] - The weighted average return on net assets was 1.98% for the reporting period[52] - The equity attributable to shareholders of the listed company was CNY 3,923,967,194.22, reflecting an increase of 1.93% from the previous year[52] Non-Recurring Items - Non-recurring gains and losses amounted to CNY 31,315,829.18 for the reporting period[53] - The company reported a disposal gain from non-current assets of CNY 28,510,210.31[53] - Government subsidies recognized in the current period amounted to CNY 4,544,598.82, contributing to the overall financial performance[53] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[8]