莱特光电(688150) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 reached ¥114,068,353.51, representing a year-on-year increase of 61.94%[3] - Net profit attributable to shareholders was ¥43,511,586.05, marking an 85.00% increase compared to the same period last year[3] - The net profit excluding non-recurring gains and losses was ¥38,769,944.10, reflecting a significant increase of 106.97% year-on-year[3] - Basic and diluted earnings per share were both ¥0.11, an increase of 83.33% compared to the previous year[3] - Total operating revenue for Q1 2024 reached ¥114,068,353.51, a significant increase from ¥70,438,382.09 in Q1 2023, representing a growth of approximately 62%[21] - Net profit for Q1 2024 was ¥43,511,586.05, up from ¥23,520,075.60 in Q1 2023, reflecting a growth of approximately 85%[24] - Earnings per share for Q1 2024 were ¥0.11, compared to ¥0.06 in Q1 2023, marking an increase of 83%[24] Cash Flow and Liquidity - The net cash flow from operating activities was ¥22,509,275.06, up by 44.88% due to increased sales collections[3] - As of March 31, 2024, the company's cash and cash equivalents amounted to RMB 561,731,332.63, a significant increase from RMB 206,110,014.73 at the end of 2023[16] - The total current assets reached RMB 1,175,762,997.08, compared to RMB 1,127,181,559.94 at the end of 2023, indicating a growth in liquidity[16] - The net cash flow from operating activities for Q1 2024 was $22.51 million, up 45% from $15.54 million in Q1 2023[27] - The total cash and cash equivalents at the end of Q1 2024 amounted to approximately $559.65 million, down from $707.60 million at the end of Q1 2023[28] Research and Development - Research and development expenses totaled ¥14,232,623.91, up by 31.16% as the company increased its investment in R&D[3] - R&D expenses accounted for 12.48% of revenue, a decrease of 2.93 percentage points year-on-year[3] - Research and development expenses for Q1 2024 were ¥14,232,623.91, up from ¥10,851,391.12 in Q1 2023, indicating a growth of about 31%[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,993,563,829.57, a 2.62% increase from the end of the previous year[3] - The total assets as of Q1 2024 amounted to ¥1,993,563,829.57, up from ¥1,942,657,636.97 at the end of the previous period[18] - Total liabilities for Q1 2024 were ¥249,217,588.04, slightly increased from ¥245,982,198.85 in the previous period[18] - Non-current liabilities totaled ¥145,407,497.04 in Q1 2024, compared to ¥131,271,256.06 in Q1 2023, showing an increase of approximately 11%[18] Shareholder Activities - The company repurchased a total of 2,794,800 shares, representing 0.69% of the total share capital, with a total transaction amount of RMB 49,784,075.46[12] - The maximum repurchase price was set at RMB 29.40 per share, while the actual highest and lowest transaction prices were RMB 24.00 and RMB 13.88, respectively[12] - The employee stock ownership plan involves a maximum of 198,700 shares, accounting for 0.49% of the total share capital, with participation from up to 97 employees[13] - The company plans to continue its share repurchase program based on market conditions within the designated timeframe[12] - The total number of shares held by the top ten unrestricted shareholders is 17,136,544, with the largest shareholder being Beijing Junlian Chengye Equity Investment Partnership[11] Sales and Performance Metrics - The significant growth in revenue and profit was primarily driven by increased sales of OLED terminal materials[7] - The company reported an increase in accounts receivable to RMB 140,317,459.38 from RMB 104,761,464.25, reflecting improved sales performance[16] - Total cash inflow from sales and services reached approximately $87.99 million, an increase of 9.4% compared to $80.07 million in Q1 2023[26] Other Financial Metrics - The weighted average return on net assets was 2.55%, an increase of 1.16 percentage points[3] - The company reported a total of ¥1,990,235.46 in other income for Q1 2024, compared to ¥623,007.37 in Q1 2023, reflecting a significant increase[23] - Trading financial assets decreased to RMB 350,949,444.43 from RMB 693,495,397.23, indicating a strategic shift in asset allocation[16] - The company received tax refunds of approximately $539,352 in Q1 2024, a decrease of 68% from $1.69 million in Q1 2023[27] - Cash paid for purchasing goods and services in Q1 2024 was approximately $34.70 million, an increase of 43.4% from $24.20 million in Q1 2023[27] - The company reported a cash outflow of $11.47 million for taxes in Q1 2024, a decrease of 43.5% from $20.37 million in Q1 2023[27] - The impact of exchange rate changes on cash and cash equivalents in Q1 2024 was a positive $95,135, contrasting with a negative impact of $1.41 million in Q1 2023[28]