派能科技(688063) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥385,579,683.51, representing a decrease of 79.05% compared to the same period last year[4] - The net profit attributable to shareholders was ¥4,000,435.14, down 99.13% year-on-year[4] - The net profit after deducting non-recurring gains and losses was -¥8,428,633.45, a decline of 101.85% compared to the previous year[4] - The net cash flow from operating activities was ¥210,254,481.05, down 78.56% year-on-year[4] - Basic and diluted earnings per share were both ¥0.02, reflecting a decrease of 99.27% compared to the same period last year[6] - Total revenue for Q1 2024 was ¥385,579,683.51, a significant decrease from ¥1,840,676,935.98 in Q1 2023[19] - In Q1 2024, the company reported a net profit of CNY 3,951,860.14, a significant decrease compared to CNY 461,900,491.35 in Q1 2023[21] - The total operating profit for Q1 2024 was CNY -7,281,256.64, contrasting with CNY 552,097,377.51 in the same period last year[21] - The company reported a basic earnings per share of CNY 0.02, compared to CNY 2.74 in the same quarter last year[22] - The total comprehensive income for Q1 2024 was CNY 3,254,154.48, a sharp decline from CNY 461,900,491.35 in Q1 2023[22] Cash Flow and Liquidity - Cash and cash equivalents increased to ¥4,890,002,218.92 from ¥4,286,503,593.82 as of December 31, 2023[16] - The ending cash and cash equivalents balance was approximately $2.69 billion, compared to $6.78 billion at the end of the previous year, showing a decrease in liquidity[25] - The cash flow from operating activities was not detailed, but the overall cash position improved with a net increase of approximately $840.88 million[25] - The net cash inflow from investment activities was approximately $4.77 billion, compared to $1.50 billion in the previous year, indicating a significant increase[25] - The net cash outflow from financing activities was approximately $58.37 million, a decrease from $95.73 million year-over-year, reflecting improved cash management[25] - The net cash flow from investment activities was approximately $669.86 million, a turnaround from a negative cash flow of $610.78 million in the previous year[25] - The company received approximately $15 million from borrowings, indicating continued reliance on debt financing[25] - The cash outflow for financing activities included approximately $64,930 in dividend payments, reflecting ongoing shareholder returns despite reduced cash flow[25] Research and Development - Total R&D investment amounted to ¥93,582,948.33, which is 24.27% of operating revenue, an increase of 17.67 percentage points year-on-year[6] - Research and development expenses amounted to CNY 93,582,948.33, down from CNY 121,570,812.47 in Q1 2023, indicating a reduction of approximately 23%[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 25,334[10] - The top ten shareholders held a total of 7,726,025 shares, representing 4.40% of the total shares[12] - The company reported a total of 1,081,042 shares held by the China Agricultural Bank Co., Ltd. - CSI 500 ETF, representing 0.62% of the total shares[12] - The company repurchased a total of 226,200 shares, accounting for 0.129% of the total share capital, with a total expenditure of RMB 19.72 million[14] - The highest repurchase price was RMB 89.81 per share, and the lowest was RMB 80.66 per share[14] - The company plans to utilize repurchased shares for equity incentives or employee stock ownership plans in the future[14] Market Conditions and Challenges - The company experienced a significant decline in revenue due to reduced demand in the household energy storage market and the impact of subsidy policy adjustments[9] - The company faced challenges due to changes in macroeconomic conditions and a slowdown in market demand, impacting revenue and sales volume[14] - The company is at risk of operational pressure and potential losses if macroeconomic conditions worsen or if it fails to maintain customer relationships[14] - The company reported a net profit margin decline due to reduced revenue and increased costs, reflecting ongoing market challenges[19] - The company has seen a recovery in production and sales compared to the previous quarter, indicating a potential positive trend moving forward[14] - The company is focusing on new product development and market expansion strategies to improve future performance[19] Asset Management - Total assets at the end of the reporting period were ¥11,948,292,355.95, a decrease of 1.50% from the end of the previous year[6] - Total assets decreased to ¥11,948,292,355.95 from ¥12,130,848,098.25 as of December 31, 2023[18] - Total liabilities decreased to ¥2,449,461,258.97 from ¥2,600,562,363.28 as of December 31, 2023[18] - Non-current assets remained stable at ¥3,480,264,398.37 compared to ¥3,480,224,526.03 as of December 31, 2023[17] - Inventory slightly decreased to ¥702,181,466.02 from ¥706,897,279.20 as of December 31, 2023[16] Non-Recurring Gains and Losses - The company reported a loss in non-recurring gains and losses, with a total of ¥12,429,068.59 after tax[8]