鸿远电子(603267) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for the first quarter was RMB 429,163,241.75, a decrease of 1.44% compared to the same period last year[13] - The net profit attributable to shareholders was RMB 72,434,826.38, down 28.70% year-on-year[13] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 71,862,410.70, a decrease of 28.35% compared to the previous year[13] - The basic earnings per share was RMB 0.31, reflecting a decline of 29.55% year-on-year[13] - The net profit for Q1 2024 was RMB 60,496,638.15, a decline of 42.0% compared to RMB 104,328,362.75 in Q1 2023[36] - The company's sales revenue from goods and services received in Q1 2024 was RMB 339,257,343.82, a decrease of 18.3% from RMB 415,389,041.49 in Q1 2023[29] - The total comprehensive income for Q1 2024 was RMB 60,747,034.28, down 41.9% from RMB 104,476,993.74 in Q1 2023[36] - The company's total revenue for the period was 82,713,927.64, down from 117,734,930.29, reflecting a decline of approximately 30%[54] - Operating profit decreased to 82,775,652.99, down 29.8% from 117,861,027.76 in the previous period[54] Assets and Liabilities - The total assets at the end of the reporting period were RMB 5,192,655,919.37, a decrease of 2.30% from the end of the previous year[14] - The company's total assets amounted to RMB 5.19 billion, a decrease from RMB 5.31 billion in the previous period[49] - Current liabilities decreased to RMB 873.23 million, down from RMB 1.08 billion in the previous period[49] - Non-current liabilities totaled RMB 85.34 million, an increase from RMB 54.54 million in the previous period[49] - The company's total liabilities decreased to ¥601,957,488.27 as of March 31, 2024, from ¥669,396,279.72 as of December 31, 2023, a reduction of 10.05%[61] Cash Flow - The net cash flow from operating activities was RMB -37,596,092.16, indicating a significant reduction in cash payments for goods and services due to inventory and market conditions[13] - The cash flow from operating activities for Q1 2024 was RMB 355,721,436.24, down 15.7% from RMB 421,929,702.35 in Q1 2023[29] - The company reported a decrease in total operating cash inflow, which was RMB 252,154,842.26 in Q1 2024, down from RMB 304,502,669.37 in Q1 2023[37] - Cash flow from operating activities showed a net outflow of 37,596,092.16, an improvement from the previous outflow of 193,227,407.56[57] - The company reported a total cash outflow from operating activities of $391.07 million, compared to $375.99 million previously, suggesting ongoing operational challenges[69] Shareholder Equity - The equity attributable to shareholders increased to RMB 4,234,089,627.23, representing a growth of 1.35% compared to the end of the previous year[14] - The total equity attributable to shareholders reached RMB 4.23 billion, up from RMB 4.18 billion in the previous period[49] - The total equity increased to ¥4,299,870,487.76 as of March 31, 2024, from ¥4,255,190,963.06 as of December 31, 2023, an increase of 1.05%[66] Investment and Expenses - The company repurchased 471,000 shares, accounting for 0.20% of the total share capital, with a total payment of RMB 20,291,200 (excluding transaction fees)[20] - Research and development expenses increased to 23,934,538.10, compared to 23,418,738.17, indicating a growth of about 2.2%[54] - Research and development expenses for Q1 2024 were ¥13,055,146.65, down from ¥16,182,743.55 in Q1 2023, a decrease of 19.00%[67] - The cash paid for purchasing goods and services in Q1 2024 was RMB 228,797,276.02, a decrease of 46.4% from RMB 426,846,265.99 in Q1 2023[29] Market Conditions - The net profit attributable to shareholders decreased by 28.70% in Q1 2024, primarily due to efforts to cut costs and a slight decline in operating income[42] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 28.35%, impacted by a decrease in gross margin due to price declines and rising unit costs in ceramic capacitors[42] - Total operating costs increased to RMB 324.29 million in Q1 2024, up from RMB 299.27 million in the same period last year[51]