Financial Performance - The company's operating revenue for Q1 2024 was ¥884,612,737.75, representing a year-on-year increase of 19.12%[3] - Total revenue for Q1 2024 reached ¥884,612,737.75, a 19.1% increase from ¥742,604,987.42 in Q1 2023[13] - Operating profit for Q1 2024 was ¥22,915,459.20, compared to a loss of ¥11,548,597.98 in Q1 2023[13] - Net profit for Q1 2024 was ¥26,448,680.58, recovering from a net loss of ¥4,008,036.13 in Q1 2023[14] - The net profit attributable to shareholders was ¥26,448,680.58, marking a turnaround from a loss in the previous year[4] - Basic and diluted earnings per share for Q1 2024 were both ¥0.03, compared to ¥0.00 in Q1 2023, indicating a return to profitability[14] - The company reported a basic earnings per share of ¥0.03 for the quarter[3] - The company's net profit for Q1 2024 was ¥29,489,825.71, compared to a net loss of ¥12,223,631.94 in Q1 2023, indicating a significant turnaround[23] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 78.79% to ¥45,710,924.42 due to increased cash payments for goods and services[4] - The company's cash and cash equivalents decreased to RMB 324,631,928.95 from RMB 428,903,984.31, representing a decline of 24.36%[10] - The cash inflow from operating activities was CNY 913,887,272.70, a decrease of 2.8% compared to CNY 934,179,350.79 in Q1 2023[16] - The net cash outflow from operating activities was CNY 45,710,924.42, significantly lower than CNY 215,475,877.93 in the same period last year, indicating a decline of 78.8%[16] - Cash inflow from financing activities was CNY 88,300,000.00, down 72.2% from CNY 317,470,000.00 in Q1 2023[17] - The company's cash flow from investing activities showed a net outflow of ¥140,561,983.54 in Q1 2024, compared to a net outflow of ¥131,699,324.55 in Q1 2023[26] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥6,278,274,085.14, a slight decrease of 0.09% compared to the end of the previous year[4] - The total liabilities decreased to ¥2,328,751,451.70 in Q1 2024 from ¥2,357,355,934.76 in Q4 2023, a reduction of approximately 1.2%[12] - The total liabilities decreased to ¥2,949,000,000.00 as of March 31, 2024, compared to RMB 3,000,000,000.00 at the end of 2023, indicating a reduction of approximately 1.70%[11] - The total current assets amounted to RMB 2,162,513,897.45, a decrease of 3.55% from RMB 2,242,181,241.83 on December 31, 2023[10] - The company's inventory increased to RMB 666,636,619.32 from RMB 639,934,148.98, reflecting a growth of 4.16%[10] - Non-current assets totaled RMB 4,115,760,187.69 as of March 31, 2024, an increase from RMB 4,041,875,360.96 at the end of 2023, marking a growth of 1.81%[11] Research and Development - Research and development expenses totaled ¥48,713,662.67, accounting for 5.51% of operating revenue, an increase of 0.21 percentage points[3] - Research and development expenses rose to ¥48,713,662.67 in Q1 2024, up from ¥39,333,476.73 in Q1 2023, indicating a 23.5% increase[13] - Research and development expenses increased to ¥41,670,592.13 in Q1 2024, up from ¥32,765,488.61 in Q1 2023, reflecting a 27.5% rise[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,092[5] - The equity attributable to shareholders increased by 0.58% to ¥3,949,522,633.44[4] - Total equity increased to ¥3,949,522,633.44 in Q1 2024 from ¥3,926,700,668.03 in Q4 2023, reflecting a growth of about 0.6%[12] - The total equity increased to ¥3,947,183,204.39 in Q1 2024 from ¥3,917,866,523.42 in Q4 2023, reflecting a growth of about 0.7%[21] - The company has repurchased a total of 8,905,035 shares, representing 1.07% of the total share capital, with a total expenditure of RMB 83,305,840.73[9] - The maximum repurchase price was set at RMB 13.13 per share, with a total repurchase fund not less than RMB 80 million and not exceeding RMB 150 million[8] - The company plans to use its own funds for share repurchase to implement equity incentives or employee stock ownership plans[8]
生益电子(688183) - 2024 Q1 - 季度财报