金晶科技(600586) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 1,774,927,287.15, representing a decrease of 6.79% compared to the same period last year[3]. - Net profit attributable to shareholders of the listed company reached CNY 170,473,366.75, an increase of 94.02% year-on-year[3]. - The net profit after deducting non-recurring gains and losses was CNY 165,339,606.33, reflecting a growth of 95.94% compared to the previous year[3]. - Basic earnings per share for the period were CNY 0.1203, marking a significant increase of 95.61% from the same quarter last year[3]. - The company reported a total profit of CNY 196,720,188.30 for the quarter, compared to CNY 107,253,883.46 in Q1 2023[28]. - The total comprehensive income for Q1 2024 was 135,114,464.54 RMB, significantly higher than 70,617,293.89 RMB in Q1 2023, indicating a growth of approximately 91.3%[29]. - Basic and diluted earnings per share for Q1 2024 were both 0.1203 RMB, up from 0.0615 RMB in Q1 2023, representing an increase of about 96.2%[29]. - Net profit attributable to shareholders rose by 94.02%, primarily due to lower manufacturing costs and improved gross margins[68]. Cash Flow and Assets - The net cash flow from operating activities was CNY 342,807,374.88, down by 14.13% year-on-year[3]. - The net cash flow from financing activities in Q1 2024 was -29,454,010.18 RMB, contrasting with a positive cash flow of 22,664,760.40 RMB in Q1 2023[31]. - The company's cash and cash equivalents at the end of Q1 2024 stood at 1,318,986,076.32 RMB, an increase from 859,305,009.66 RMB at the end of 2023, reflecting a growth of approximately 53.6%[31]. - Cash outflow from investment activities was CNY 129,009,899.68, compared to CNY 378,773,143.48, showing a decrease of approximately 65.98%[60]. Expenses and Costs - Total operating costs for Q1 2024 were CNY 1,575,563,255.34, a decrease from CNY 1,785,934,507.49 in Q1 2023[28]. - Research and development expenses amounted to CNY 62,217,720.99, up from CNY 38,926,681.65 in the previous year[28]. - Research and development expenses surged by 59.83%, indicating increased investment in innovation[68]. - Sales expenses increased by 46.20%, driven by intensified marketing efforts for new products[68]. - The income tax expense for the quarter was CNY 25,298,430.45, an increase from CNY 18,305,070.52 in the same period last year[28]. Balance Sheet and Equity - The total equity attributable to shareholders of the parent company was CNY 5,975,053,536.11, compared to CNY 5,840,785,678.51 at the end of the previous period[24]. - The total current assets as of March 31, 2024, were 4,334,255,087.04 RMB, up from 4,002,119,987.79 RMB at the end of 2023, indicating an increase of about 8.3%[37]. - The company’s accounts receivable increased to 383,460,522.59 RMB in Q1 2024 from 292,625,721.32 RMB in Q1 2023, marking a rise of approximately 31.0%[37]. - The company’s inventory decreased to 878,367,301.13 RMB in Q1 2024 from 1,014,470,161.30 RMB in Q1 2023, showing a decline of about 13.4%[37]. - The total liabilities decreased to 6,000,000,000.00 RMB in Q1 2024 from 6,500,000,000.00 RMB in Q1 2023, reflecting a reduction of approximately 7.7%[37]. - Total assets increased to CNY 11,581,818,677.05, up from CNY 11,408,634,087.87, representing a growth of approximately 1.51%[51]. - Net assets attributable to shareholders increased to 5.98 billion RMB, a 2.30% rise year-over-year[66]. Investments and Liabilities - The company’s long-term equity investments were valued at 363,405,325.66 RMB as of March 31, 2024, slightly down from 368,957,282.08 RMB at the end of 2023, indicating a decrease of about 1.5%[37]. - Non-current liabilities decreased to CNY 5,542,978,222.35 from CNY 5,504,993,295.70, a reduction of about 0.69%[43]. - Current liabilities rose to CNY 4,661,235,765.58, compared to CNY 4,481,750,279.75, indicating an increase of approximately 4.02%[43]. - The company’s long-term borrowings decreased to CNY 820,144,980.24 from CNY 940,384,745.44, a reduction of approximately 12.78%[43]. - Deferred income decreased to CNY 1,116,666.67 from CNY 1,291,666.67, a decline of about 13.54%[41]. Other Income and Adjustments - Other income increased by 212.82%, largely due to a rise in government subsidies received[68]. - The company reported a net profit of CNY 2,712,847,332.95 in retained earnings, an increase from CNY 2,542,373,966.20, reflecting a growth of about 6.68%[49]. - The company’s intangible assets decreased slightly to CNY 556,458,460.59 from CNY 567,361,911.03, a decline of approximately 1.58%[48]. - Return on equity rose to 2.88%, an increase of 1.26 percentage points compared to the end of the previous year[66].