通达动力(002576) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥384,471,943.20, a decrease of 23.29% compared to ¥501,169,765.55 in the same period last year[4] - Net profit attributable to shareholders was ¥13,313,664.02, down 47.71% from ¥25,460,215.67 year-on-year[4] - Basic and diluted earnings per share were both ¥0.0806, reflecting a decline of 47.73% from ¥0.1542 in the same period last year[4] - The net profit for Q1 2024 was CNY 13,316,347.42, a decrease of 47.6% compared to CNY 25,371,770.80 in Q1 2023[18] - Operating profit for Q1 2024 was CNY 14,952,774.51, down 46.0% from CNY 27,704,670.27 in the same period last year[18] - The total comprehensive income for Q1 2024 was CNY 13,316,347.42, down from CNY 25,371,770.80 in the same quarter last year[19] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 376.97%, resulting in a negative cash flow of ¥12,222,742.22, compared to a positive cash flow of ¥4,412,977.50 in the previous year[4][9] - The cash flow from operating activities showed a net outflow of CNY 12,222,742.22, compared to a net inflow of CNY 4,412,977.50 in the previous year[20] - Investment activities resulted in a net cash outflow of CNY 26,230,755.38, contrasting with a net inflow of CNY 20,176,002.30 in Q1 2023[21] - Cash and cash equivalents at the end of Q1 2024 totaled CNY 168,192,042.30, compared to CNY 151,415,725.81 at the end of Q1 2023[21] - The company's cash and cash equivalents decreased to CNY 232,445,190.30 from CNY 266,817,012.14, a decline of 12.9%[13] Expenses and Costs - Total operating costs for Q1 2024 were CNY 370,634,312.05, down 20.1% from CNY 464,150,523.10 in Q1 2023[17] - The company reported a significant decrease in sales expenses by 44.42%, attributed to the decline in sales revenue[8] - Research and development expenses decreased by 32.31%, indicating reduced spending in this area[8] - Research and development expenses for Q1 2024 were CNY 10,737,563.05, down 32.4% from CNY 15,862,773.71 in Q1 2023[17] Assets and Liabilities - Total assets increased by 2.12% to ¥1,722,288,805.93 from ¥1,686,524,953.55 at the end of the previous year[4] - Total assets amounted to CNY 1,722,288,805.93, up from CNY 1,686,524,953.55, reflecting a growth of 2.1%[14] - Total liabilities increased to CNY 520,489,321.95 from CNY 498,041,816.99, marking a rise of 4.1%[15] - Accounts receivable increased to CNY 488,782,258.05, up 8.2% from CNY 451,659,465.63 at the beginning of the period[13] - Inventory rose to CNY 326,199,211.39, an increase of 3.8% compared to CNY 314,864,860.96 at the start of the quarter[13] Investment and Income - Investment income increased by 194.40%, primarily due to higher returns from financial products[11] - The company reported a significant increase in other income to CNY 2,926,481.79 from CNY 316,283.42 in the previous year[18] - The company experienced a 61.72% reduction in credit impairment losses, reflecting a decrease in the provision for various impairment reserves[11] - The company experienced a credit impairment loss of CNY -1,037,818.05, an improvement from CNY -2,711,217.54 in Q1 2023[18] Future Plans - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[4] - The company plans to focus on market expansion and new product development in the upcoming quarters[16]