LDXC(SH:603937)2024-04-26 07:41Financial Performance - The company's operating revenue for Q1 2024 was CNY 308,829,494.28, representing a decrease of 16.59% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 1,157,750.24, down 92.10% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 109,143.69, a decline of 99.22% compared to the previous year[5]. - The basic earnings per share decreased by 85.71% to CNY 0.01[5]. - The diluted earnings per share fell by 71.43% to CNY 0.02[6]. - The weighted average return on equity decreased by 0.86 percentage points to 0.07%[6]. - The company reported a net loss of CNY 550,438.95 in Q1 2024, compared to a profit of CNY 17,970,630.45 in Q1 2023[21]. - The net profit for Q1 2024 was CNY 1,157,750.24, a significant decrease from CNY 14,662,325.33 in Q1 2023, indicating a decline of approximately 92.1%[22]. - Basic earnings per share (EPS) for Q1 2024 was CNY 0.01, down from CNY 0.07 in Q1 2023, representing a decrease of 85.7%[23]. Revenue and Costs - Total operating revenue for Q1 2024 was CNY 308,829,494.28, a decrease of 16.6% compared to CNY 370,234,678.13 in Q1 2023[20]. - Total operating costs for Q1 2024 were CNY 310,062,225.17, down 11.8% from CNY 351,574,436.84 in Q1 2023[20]. - R&D expenses increased to CNY 6,936,952.73 in Q1 2024, up 40.9% from CNY 4,921,807.32 in Q1 2023[21]. Cash Flow - The cash flow from operating activities was negative at CNY -41,608,616.18, primarily due to increased cash payments for goods purchased[8]. - Cash inflow from operating activities totaled CNY 285,938,065.49 in Q1 2024, compared to CNY 256,536,067.53 in Q1 2023, reflecting an increase of 11.5%[23]. - The net cash flow from operating activities was negative at CNY -41,608,616.18 for Q1 2024, contrasting with a positive CNY 42,520,483.11 in Q1 2023[23]. - Cash flow from investing activities showed a net inflow of CNY 145,248,386.70 in Q1 2024, a substantial increase from CNY 27,170,609.37 in Q1 2023[24]. - The total cash and cash equivalents at the end of Q1 2024 amounted to CNY 259,436,840.30, up from CNY 228,311,501.79 at the end of Q1 2023, marking an increase of 13.6%[24]. - The company reported cash outflows from financing activities totaling CNY 35,294,920.39 in Q1 2024, compared to CNY 34,823,000.00 in Q1 2023[24]. - The company received CNY 2,490,262.93 in tax refunds during Q1 2024, down from CNY 4,014,019.23 in Q1 2023, indicating a decrease of 38.1%[23]. - The company’s cash flow from operating activities was impacted by increased cash payments for goods and services, which rose to CNY 289,507,875.40 in Q1 2024 from CNY 179,292,452.44 in Q1 2023, an increase of 61.5%[23]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,647,811,479.23, an increase of 1.23% from the end of the previous year[6]. - Total assets as of March 31, 2024, amounted to CNY 2,647,811,479.23, slightly up from CNY 2,615,698,353.76 at the end of 2023[17]. - Total liabilities increased to CNY 1,004,625,742.47 as of March 31, 2024, compared to CNY 973,670,367.24 at the end of 2023[17]. - Inventory as of March 31, 2024, was CNY 411,239,733.55, up from CNY 390,614,674.22 at the end of 2023[15]. - The company’s total equity as of March 31, 2024, was CNY 1,643,185,736.76, a slight increase from CNY 1,642,027,986.52 at the end of 2023[17]. Government Support and Other Factors - The company received a government subsidy of CNY 36,000,000.00 to support its investment in fixed assets[12]. - The subsidiary in Anhui is currently in a trial operation phase, which has contributed to the overall losses reported[8]. - The company reported a financial expense of CNY 1,077,280.09 in Q1 2024, compared to a financial income of CNY 223,776.55 in Q1 2023[21]. - The company did not apply new accounting standards for the first time in 2024[25].