元利科技(603217) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 552,407,605.55, representing a decrease of 2.03% compared to the same period last year[5] - The net profit attributable to shareholders was CNY 55,495,434.10, down 13.27% year-on-year[5] - The net profit for Q1 2024 was CNY 55,495,434.10, a decrease of 13.8% compared to CNY 63,983,411.16 in Q1 2023[22] - Total revenue for Q1 2024 was CNY 521,693,658.95, a decrease of 1.19% compared to CNY 530,325,418.91 in Q1 2023[31] - The company reported a decrease in sales revenue from CNY 377,291,028.75 in Q1 2023 to CNY 301,928,027.92 in Q1 2024, a decline of approximately 20%[25] - Basic earnings per share decreased by 12.90% to CNY 0.27[6] - Basic and diluted earnings per share for Q1 2024 were both CNY 0.27, compared to CNY 0.31 in Q1 2023[22] Cash Flow - The net cash flow from operating activities was negative at CNY -62,735,354.93, a decline of 168.94% compared to the previous year[5] - Cash flow from operating activities showed a net outflow of CNY -62,735,354.93, compared to a net inflow of CNY 90,998,741.99 in the previous year[25] - Cash flow from operating activities was CNY 274,329,473.12, a decrease from CNY 342,856,883.48 in Q1 2023[34] - Total cash inflow from operating activities was $297,844,231.94, while cash outflow was $437,685,839.88, resulting in a cash flow deficit from operations[35] - The cash flow from financing activities resulted in a net outflow of -$40,000,000.00, with no cash inflow recorded from financing activities[35] Assets and Liabilities - Total assets increased to CNY 3,870,402,886.24, up 3.69% from the end of the previous year[6] - Total current liabilities amounted to RMB 632,817,682.50, an increase from RMB 521,090,607.00 at the end of 2023[17] - The company's total liabilities were RMB 666,375,069.56, compared to RMB 555,178,785.59 at the end of 2023, marking an increase of 19.9%[18] - Total current assets decreased to CNY 947,818,209.05 from CNY 981,970,630.94 as of December 31, 2023[28] - Total liabilities increased slightly to CNY 689,754,551.29 from CNY 679,837,709.89 as of December 31, 2023[29] - Total assets decreased to CNY 2,984,615,223.65 from CNY 3,002,051,639.75 as of December 31, 2023[30] Shareholder Information - The company reported a total of 14,266 common shareholders at the end of the reporting period[11] - The top shareholder, Liu Xiuhua, holds 57.67% of the shares, totaling 120,063,602 shares[12] Inventory and Receivables - Accounts receivable rose by 42.67%, attributed to increased credit sales to reliable customers[10] - Accounts receivable increased to RMB 177,404,346.87 from RMB 124,347,676.40, representing a growth of 42.7%[16] - Inventory rose to RMB 386,886,263.28, compared to RMB 330,046,601.32 at the end of 2023, indicating an increase of 17.2%[16] - The company reported a decrease in other receivables to RMB 1,716,710.76 from RMB 2,299,265.95, a decline of 25.3%[16] Expenses - Total operating costs for Q1 2024 were CNY 495,776,696.19, up from CNY 499,250,633.50 in Q1 2023[21] - Research and development expenses decreased to CNY 18,643,690.63 from CNY 22,740,166.62, reflecting a reduction of 18% year-over-year[21] - The company experienced a tax expense of CNY 9,054,556.69 in Q1 2024, down from CNY 11,622,294.82 in Q1 2023, indicating a reduction of 22%[21] Cash and Cash Equivalents - Cash and cash equivalents increased by 90.71%, primarily due to the redemption of bank wealth management products[10] - Cash and cash equivalents increased to RMB 1,351,751,221.80 as of March 31, 2024, up from RMB 708,815,032.30 on December 31, 2023[16] - The cash and cash equivalents at the end of Q1 2024 amounted to CNY 1,263,461,504.21, an increase from CNY 1,165,582,424.18 at the end of Q1 2023[26] - The company’s cash and cash equivalents decreased to CNY 238,307,372.87 from CNY 329,869,307.73[28] Other Financial Activities - Investment activities generated a net cash inflow of CNY 595,676,813.84, an increase from CNY 400,340,969.51 in Q1 2023[26] - The net cash flow from investing activities was $37,273,880.00, a recovery from a negative cash flow of -$2,125,000.00 in the previous year[35] - The company received $19,359,547.05 in tax refunds, a decrease from $32,051,044.67 in the same quarter last year[35] - Cash received from other operating activities was $4,155,211.77, significantly lower than $64,556,008.69 in Q1 2023[35] Accounting Standards - The company did not apply new accounting standards or interpretations for the year 2024[36]