火炬电子(603678) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥651,580,225.20, representing a year-on-year increase of 1.57%[2] - The net profit attributable to shareholders decreased by 41.22% to ¥74,280,771.31 compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 43.73% to ¥68,963,681.68[2] - The basic earnings per share decreased by 41.76% to ¥0.16[2] - Net profit for Q1 2024 was ¥69,693,211.38, a decrease of 45.5% compared to ¥127,592,294.39 in Q1 2023[44] - Total comprehensive income amounted to CNY 69,932,130.56, a decrease from CNY 121,367,208.38 year-over-year[49] - Net income attributable to the parent company was CNY 74,488,690.50, down from CNY 120,362,929.29[49] - Diluted earnings per share remained at CNY 0.16, slightly down from CNY 0.27[49] Cash Flow - The net cash flow from operating activities decreased significantly by 66.56% to ¥143,339,257.16[2] - Cash flow from operating activities generated ¥143,339,257.16, down 66.5% from ¥428,688,651.72 in Q1 2023[47] - Cash inflow from investment activities was ¥259,303,612.53, with a net cash outflow of ¥121,144,490.96 for the quarter[47] - Cash inflow from financing activities totaled ¥239,707,622.32, compared to ¥124,778,957.01 in Q1 2023[47] - Net cash outflow from financing activities was CNY 240,727,323.53, compared to a net outflow of CNY 88,173,573.17 in the previous period[52] - The ending balance of cash and cash equivalents was CNY 767,870,205.86, down from CNY 837,778,698.88[52] - Cash and cash equivalents net decrease was CNY 218,334,952.02, contrasting with an increase of CNY 26,640,560.91 in the prior period[52] - The total cash outflow related to financing activities was CNY 480,434,945.85, up from CNY 212,952,530.18[52] Assets and Liabilities - The total assets as of March 31, 2024, were ¥7,623,331,766.46, down 3.74% from the end of the previous year[11] - Current liabilities decreased from CNY 1,248,373,807.11 to CNY 870,891,904.99, a reduction of about 30.19%[26] - Total liabilities decreased from CNY 2,251,305,128.23 to CNY 1,902,307,454.00, a decline of about 15.48%[26] - The company reported a decrease in short-term borrowings from CNY 563,420,149.96 to CNY 288,252,975.98, a decrease of approximately 48.92%[26] - Owner's equity increased from CNY 5,668,368,908.71 to CNY 5,721,024,312.46, reflecting a growth of about 0.93%[33] - Non-current assets increased slightly from CNY 3,184,297,092.66 to CNY 3,206,848,826.76, an increase of approximately 0.71%[23] - The company’s long-term equity investments decreased from CNY 23,154,201.29 to CNY 22,350,745.38, a decline of about 3.47%[23] Shareholder Activities - The company completed a share buyback of 1,147,878 shares, accounting for 0.25% of the total share capital, with a total expenditure of ¥24,997,400[6] - The company plans to repurchase shares with a total amount not less than ¥15 million and not exceeding ¥25 million, at a price not exceeding ¥35 per share[6] Operating Costs and Expenses - Total operating costs increased significantly to ¥570,774,589.97, up 15.66% from ¥493,551,997.05 in the same period last year[42] - Research and development expenses rose to ¥25,065,659.44, an increase of 11.5% from ¥22,466,762.14 in Q1 2023[42] - The company reported a significant increase in sales expenses to ¥34,373,354.06, up from ¥31,507,476.41 in the previous year[42] - The tax expenses for Q1 2024 were ¥11,380,929.35, a decrease from ¥21,783,518.09 in Q1 2023[44] Other Comprehensive Income - Other comprehensive income after tax was ¥238,919.18, compared to a loss of ¥6,225,086.01 in the same quarter last year[44] - The net amount of other comprehensive income attributable to minority shareholders was CNY -4,556,559.94, compared to CNY 1,004,279.09 previously[49] Market and Strategic Focus - The company maintains a focus on enhancing its product offerings and market expansion strategies, although specific new products or technologies were not detailed in the provided content[24] - The company’s total revenue for the first quarter of 2024 is not explicitly stated but is implied to be monitored closely for future guidance[24]