华秦科技(688281) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was RMB 247,603,885.13, representing a year-on-year increase of 32.61%[3] - The net profit attributable to shareholders for Q1 2024 was RMB 114,403,261.94, reflecting a growth of 29.40% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 111,361,680.82, an increase of 28.36% year-on-year[3] - The basic and diluted earnings per share for Q1 2024 were both RMB 0.82, up 28.13% from the previous year[3] - Operating income increased by 32.61% due to a rise in the production and sales volume of the company's main products[27] - Operating costs rose by 34.03%, primarily driven by the increase in operating income[27] - The company reported a basic earnings per share of 0.82 RMB, up from 0.64 RMB in the previous period, indicating improved profitability[34] - The total comprehensive income attributable to the parent company was 114,403,261.94 RMB, compared to 88,410,026.25 RMB in the previous period, showing a significant increase[34] - Net profit for Q1 2024 was CNY 125,714,437.34, compared to CNY 90,334,729.69 in Q1 2023, indicating a 39.1% growth[66] Cash Flow - The net cash flow from operating activities was negative at RMB -113,190,904.17, a decline of 395.13% compared to the same period last year[3] - The net cash flow from operating activities was -395.13 million RMB, attributed to increased material purchases, employee compensation, and tax payments as the company expanded its operations[27] - In Q1 2024, the company reported a net cash flow from operating activities of -96,117,731.69 RMB, a significant decrease compared to 43,621,442.48 RMB in Q1 2023[67] - The company's cash flow from operating activities was significantly impacted, with total cash outflow reaching 279,502,885.65 RMB, compared to 111,199,975.04 RMB in the previous year[67] - The cash outflow from operating activities totaled $302.06 million, compared to $116.95 million in the previous year[86] Assets and Liabilities - Total liabilities as of March 31, 2024, were RMB 903,645,089.90, up from RMB 852,603,005.53 at the end of 2023[13] - Total assets as of March 31, 2024, were CNY 4,724,916,665.94, down from CNY 4,765,443,470.23 at the end of 2023, a decrease of about 0.9%[44] - Current liabilities totaled CNY 421,824,868.30 in Q1 2024, down from CNY 613,297,003.91 in Q1 2023, a decrease of 31.2%[59] - Long-term borrowings increased to CNY 336,676,273.07 in Q1 2024, compared to CNY 178,920,784.71 in Q1 2023, representing an increase of 88.5%[59] - The total equity attributable to shareholders increased by 2.74% to 4,317,932,236.54 RMB from 4,202,613,669.39 RMB at the end of the previous year[73] Inventory and Receivables - Accounts receivable decreased by 62.03% primarily due to the discounting of notes receivable during the period[6] - Inventory increased by 50.23% as a result of increased raw material stocking due to higher sales orders[6] - Accounts receivable increased from CNY 638,416,323.73 to CNY 784,581,345.85, reflecting a growth of approximately 22.9%[36] - The company’s inventory rose to 187,969,119.93 RMB, compared to 125,119,949.10 RMB in the previous year[81] Research and Development - Research and development expenses for Q1 2024 were RMB 13,623,636.95, compared to RMB 11,884,529.18 in the same period last year[14] - Research and development expenses totaled 13,623,636.95 RMB, accounting for 5.50% of operating revenue, a decrease of 0.86 percentage points from the previous year[73] Investment Activities - The net cash flow from investing activities was -141,029,804.19 RMB, a decrease from 436,230,463.61 RMB in the previous period, indicating a significant decline in investment returns[20] - Cash inflow from investment activities amounted to 3,125,861,044.94 RMB, up from 2,835,783,663.97 RMB in the same period last year[67] - The company paid $3.52 billion in cash outflows related to investment activities, up from $2.49 billion in the previous year[86] Government Subsidies - The company received government subsidies amounting to 1,183,602.46 RMB, contributing positively to its financial performance[27]