固德威(688390) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥1,126,132,578.17, representing a decrease of 34.50% compared to the same period last year[4] - The net profit attributable to shareholders was a loss of ¥28,821,465.63, reflecting a decline of 108.57% year-over-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥34,925,977.69, down 110.48% from the previous year[4] - The net cash flow from operating activities was negative at ¥713,270,490.64, a decrease of 763.64% compared to the same period last year[4] - The basic earnings per share were -¥0.17, a decline of 108.72% year-over-year[4] - The diluted earnings per share were also -¥0.17, reflecting a decrease of 108.80% compared to the previous year[4] - The net profit for Q1 2024 was -19,170,005.19 RMB, compared to a net profit of 331,477,053.13 RMB in Q1 2023, representing a significant decline[22] - The total comprehensive income for Q1 2024 was -20,332,837.18 RMB, compared to 332,107,308.08 RMB in Q1 2023, indicating a drastic reduction in overall financial performance[23] Research and Development - The company's R&D investment totaled ¥135,560,241.14, an increase of 37.82% year-over-year[6] - R&D expenses accounted for 12.04% of operating revenue, an increase of 6.32 percentage points compared to the previous year[6] - Research and development expenses increased to CNY 135,560,241.14 in Q1 2024, up from CNY 98,362,938.71 in Q1 2023, representing a growth of 37.7%[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,803,246,487.66, a decrease of 4.33% from the end of the previous year[6] - The company's total assets decreased to CNY 6,803,246,487.66 in Q1 2024 from CNY 7,111,232,868.50 in Q1 2023, a decline of 4.3%[20] - Total liabilities amounted to CNY 3,724,558,260.58 in Q1 2024, down from CNY 4,051,101,993.17 in Q1 2023, indicating a decrease of 8.0%[19] - The company's total equity increased slightly to CNY 3,078,688,227.08 in Q1 2024 from CNY 3,060,130,875.33 in Q1 2023, a growth of 0.6%[20] Cash Flow and Equivalents - The company's cash and cash equivalents as of March 31, 2024, amount to approximately RMB 906.88 million, a decrease from RMB 1.84 billion at the end of December 2023[16] - Cash and cash equivalents at the end of Q1 2024 amounted to 670,689,530.46 RMB, down from 1,211,997,587.89 RMB at the end of Q1 2023, showing a decrease of approximately 44.5%[26] - The cash flow from operating activities showed a net outflow of -713,270,490.64 RMB in Q1 2024, contrasting with a net inflow of 107,478,995.84 RMB in Q1 2023[25] - The investment activities resulted in a net cash outflow of -142,134,855.53 RMB in Q1 2024, compared to -181,238,788.05 RMB in Q1 2023, indicating a slight improvement in investment cash flow[25] - The financing activities generated a net cash outflow of -85,272,532.46 RMB in Q1 2024, contrasting with a net inflow of 15,144,010.05 RMB in Q1 2023, highlighting challenges in financing[25] Shareholder Information - The total number of common shareholders at the end of the reporting period is 17,976, with the largest shareholder, Huang Min, holding 53,410,000 shares, representing 30.89% of the total shares[11] - The top ten shareholders collectively hold a significant portion of the company's shares, with the second-largest shareholder, Lu Hongping, owning 7,921,744 shares, or 4.58%[11] - Huang Min, the largest shareholder, also serves as the chairman and general manager, indicating a strong influence on company operations[12] - The company has not identified any significant related party transactions among the top shareholders[12] Operational Insights - The company reported a net profit margin of approximately 6.5% for Q1 2024, compared to 10.5% in Q1 2023[21] - The company plans to expand its market presence and invest in new technologies to drive future growth[21] - There are no significant reminders or additional important information regarding the company's operational situation during the reporting period[15] - The company has not reported any significant changes in the participation of major shareholders in margin trading or securities lending activities[14] Other Financial Metrics - The total operating costs for Q1 2024 were CNY 1,153,505,802.74, down from CNY 1,316,822,517.49 in Q1 2023, reflecting a reduction of 12.4%[21] - The company incurred a total operating expense of 2,050,008,211.90 RMB in Q1 2024, which is an increase from 1,437,292,884.26 RMB in Q1 2023, reflecting rising operational costs[25] - The company reported a significant increase in credit impairment losses, totaling -631,828.28 RMB in Q1 2024, compared to -12,204,341.93 RMB in Q1 2023, indicating deteriorating asset quality[22]