高铁电气(688285) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥116,597,315.28, representing a decrease of 45.95% compared to the same period last year[5] - The net profit attributable to shareholders was -¥86,262.19, a decline of 100.62% year-over-year[5] - The net profit after deducting non-recurring gains and losses was -¥2,480,001.31, reflecting a decrease of 121.96% compared to the previous year[10] - The basic and diluted earnings per share were both -¥0.0002, a decline of 100.51% compared to the same period last year[6] - Net profit for Q1 2024 was ¥662,344.10, a significant decline from ¥14,627,892.22 in Q1 2023[20] - Operating profit for Q1 2024 was ¥61,816.07, compared to ¥16,437,800.54 in Q1 2023[19] Cash Flow and Liquidity - The net cash flow from operating activities was -¥56,147,445.88, indicating a significant cash outflow[6] - Cash flow from operating activities for Q1 2024 was negative at -¥56,147,445.88, an improvement from -¥155,540,078.76 in Q1 2023[22] - Cash and cash equivalents at the end of Q1 2024 were ¥508,480,380.88, down from ¥559,400,697.24 at the end of Q1 2023[23] - The total cash outflow from financing activities for Q1 2024 was -¥3,770,848.68, an improvement from -¥5,275,075.53 in Q1 2023[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,037,362,778.27, a decrease of 5.55% from the end of the previous year[6] - As of March 31, 2024, the total assets of the company amounted to ¥3,037,362,778.27, a decrease from ¥3,215,850,503.10 as of December 31, 2023, representing a decline of approximately 5.55%[15] - The company's total liabilities decreased to ¥1,407,701,462.70 from ¥1,586,851,531.63, reflecting a reduction of about 11.29%[17] - Current assets totaled ¥2,268,081,164.76, down from ¥2,455,422,408.25, indicating a decrease of approximately 7.63%[15] - The company's cash and cash equivalents were reported at ¥516,964,058.89, a decrease from ¥604,985,650.69, representing a decline of about 14.51%[15] - Accounts receivable decreased to ¥1,278,455,245.04 from ¥1,436,809,745.77, showing a reduction of approximately 11.03%[15] - Inventory increased to ¥393,863,061.88 from ¥328,589,710.94, reflecting an increase of about 19.87%[15] - The total equity attributable to shareholders was reported at ¥1,611,753,658.70, slightly down from ¥1,611,839,920.89, indicating a marginal decrease of approximately 0.005%[17] - The company reported a total current liability of ¥1,389,288,487.65, down from ¥1,567,810,741.07, which is a decrease of about 11.39%[17] - The company’s non-current assets totaled ¥769,281,613.51, a slight increase from ¥760,428,094.85, representing an increase of approximately 1.12%[16] Research and Development - Research and development expenses totaled ¥11,103,284.23, down 22.49% year-over-year, while R&D expenses accounted for 9.52% of operating revenue, an increase of 2.88 percentage points[6] - Research and development expenses for Q1 2024 were ¥11,103,284.23, a decrease of 22.9% from ¥14,325,703.10 in Q1 2023[19] Operational Challenges - The decline in operating revenue was primarily due to policy impacts, with some urban rail transit projects being suspended or delayed, leading to reduced sales of related products[9] - The company received government subsidies amounting to ¥2,831,896.17, which are closely related to its normal business operations[7]