襄阳轴承(000678) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was CNY 354,723,153.60, representing a 9.92% increase compared to CNY 322,701,932.82 in the same period last year[5] - Total operating revenue for Q1 2024 was CNY 354,723,153.60, an increase of 9.4% compared to CNY 325,408,968.59 in Q1 2023[18] - The net profit attributable to shareholders was a loss of CNY 13,391,521.61, an improvement of 38.50% from a loss of CNY 21,773,136.12 in Q1 2023[5] - Net loss for Q1 2024 was CNY 14,923,646.83, an improvement from a net loss of CNY 22,594,445.12 in Q1 2023, indicating a reduction in losses by approximately 33.5%[19] - The total comprehensive income attributable to the parent company was -29,046,505.79 CNY, compared to -22,982,036.96 CNY in the previous period, indicating a decline of approximately 26.5%[20] Cash Flow - The net cash flow from operating activities increased by 22.76% to CNY 32,755,584.97, up from CNY 26,682,793.05 in the previous year[5] - The net cash flow from operating activities was 32,755,584.97 CNY, an increase of 22.5% from 26,682,793.05 CNY in the previous period[21] - The cash inflow from financing activities was 137,931,050.51 CNY, significantly higher than 20,967,522.30 CNY in the previous period, marking a growth of approximately 558.5%[22] - The cash outflow from operating activities totaled 218,866,830.76 CNY, down from 247,682,152.79 CNY, indicating a decrease of about 11.6%[21] - The total cash outflow for financing activities was 164,401,719.56 CNY, significantly higher than 73,440,851.45 CNY in the previous period, indicating an increase of approximately 123.1%[22] Assets and Liabilities - The total assets at the end of Q1 2024 were CNY 2,383,050,254.58, a slight decrease of 0.11% from CNY 2,385,723,567.63 at the end of the previous year[5] - The total liabilities of the company amounted to CNY 1,470,487,679.21, compared to CNY 1,459,656,101.62 at the beginning of the period, reflecting a slight increase of 0.2%[17] - The company's total current assets increased to CNY 1,051,531,292.11 from CNY 1,031,638,092.87, representing a growth of 1.9%[15] - The equity attributable to shareholders decreased by 3.46% to CNY 809,754,779.99 from CNY 838,801,285.78 at the end of the last year[5] - The equity attributable to shareholders of the parent company decreased to CNY 809,754,779.99 from CNY 838,801,285.78, a decline of 3.5%[17] Operational Metrics - The basic and diluted earnings per share improved to -CNY 0.03, a 40.00% increase from -CNY 0.05 in Q1 2023[5] - Research and development expenses for Q1 2024 were CNY 3,940,229.28, significantly higher than CNY 1,253,137.36 in Q1 2023, indicating an increase of 214.5%[18] - The accounts receivable increased by 31.30% to CNY 71,543,052.13 from CNY 54,488,277.50 in the previous year[8] - Inventory levels rose to CNY 425,141,107.75, up from CNY 407,942,061.08, marking an increase of 4.2%[14] - The company did not report any significant new product developments or market expansion strategies during this quarter[12] Other Income and Expenses - The company reported a 59.82% increase in other income, totaling CNY 968,681.05 compared to CNY 606,124.31 in the previous year[8] - Total operating costs for Q1 2024 were CNY 374,826,675.88, up from CNY 353,491,269.50 in the previous year, reflecting a year-over-year increase of 6.5%[18] - The company's cash and cash equivalents decreased to CNY 171,225,593.68 from CNY 178,089,064.86, a decline of 4.9%[14] - The net cash flow from financing activities improved by 49.55%, amounting to -CNY 26,470,669.05, compared to -CNY 52,473,329.15 in Q1 2023[8] - The net cash flow from investing activities was -1,801,123.51 CNY, worsening from -964,174.35 CNY in the previous period[22] Foreign Currency Impact - The company reported a foreign currency translation loss of -15,655,255.82 CNY, compared to -1,194,287.00 CNY in the previous period[20]