海马汽车(000572) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥431,987,189.17, a decrease of 57.97% compared to ¥1,027,835,354.57 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥85,911,745.16, representing a decline of 64.89% from a loss of ¥52,101,004.43 in the previous year[5] - The net profit for Q1 2024 was a loss of ¥118,229,416.07, compared to a loss of ¥33,697,104.53 in Q1 2023, reflecting an increase in losses of approximately 251%[18] - The total comprehensive loss for Q1 2024 was ¥118,590,026.41, compared to a loss of ¥34,057,534.18 in Q1 2023, indicating a significant increase in comprehensive losses[18] - Basic and diluted earnings per share for Q1 2024 were both -¥0.0522, compared to -¥0.0317 in Q1 2023, reflecting a worsening in per-share losses[18] Cash Flow and Liquidity - The net cash flow from operating activities was a negative ¥106,699,241.04, which is a 6.91% increase in cash outflow compared to the previous year's negative ¥99,798,232.76[5] - The cash flow from operating activities showed a net outflow of ¥106,699,241.04, compared to a net outflow of ¥99,798,232.76 in the same period last year[20] - The company reported a net cash inflow from investing activities of ¥52,963,595.61, a significant improvement from a net outflow of ¥66,221,796.12 in Q1 2023[20] - Cash and cash equivalents at the end of Q1 2024 amounted to CNY 677,975,057.59, an increase from CNY 560,081,477.06 at the beginning of the period[12] - The cash and cash equivalents at the end of Q1 2024 were ¥2,182,729,511.81, down from ¥1,443,797,458.42 at the end of Q1 2023, indicating a decrease of approximately 51.1%[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,033,166,443.90, down 4.44% from ¥7,359,688,080.47 at the end of the previous year[5] - Total assets as of March 31, 2024, were CNY 7,033,166,443.90, down from CNY 7,359,688,080.47 at the beginning of the year, representing a decrease of approximately 4.4%[14] - Total liabilities decreased to CNY 4,376,128,524.84 from CNY 4,584,860,135.00, a reduction of about 4.5%[14] - The company's total equity as of March 31, 2024, was CNY 2,657,037,919.06, down from CNY 2,774,827,945.47, reflecting a decrease of approximately 4.2%[14] Operational Efficiency - The company's operating costs decreased by 61.18% to ¥367,840,989.29, attributed to a temporary reduction in export sales[7] - The total operating costs amounted to ¥519,280,769.29, down from ¥1,107,292,804.53 in the previous year, indicating a reduction of about 53%[17] - The company reported a significant drop in revenue, indicating potential challenges in market demand and operational efficiency[16] Research and Development - Research and development expenses increased by 41.84% to ¥105,839,506.72, driven by investments in hydrogen fuel cell vehicle projects[7] Financial Expenses - Financial expenses surged by 433.90% to ¥15,152,941.27, primarily due to increased foreign exchange losses[7] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 92,943[9] Inventory and Receivables - Accounts receivable decreased to CNY 506,270,137.27 from CNY 596,104,609.78, reflecting a reduction of approximately 15.1%[13] - Inventory decreased to CNY 705,324,194.43 from CNY 911,929,921.29, indicating a decline of about 22.6%[13] Management Insights - The company’s management indicated ongoing challenges in the market, impacting revenue and profitability, with a focus on cost control and potential strategic adjustments moving forward[21]