Financial Performance - The company's operating revenue for Q1 2024 was RMB 484,002,973.06, representing a decrease of 13.28% compared to the same period last year[2]. - The net profit attributable to shareholders of the listed company was RMB -45,922,679.29, indicating a significant loss[2]. - The net cash flow from operating activities was RMB -22,987,313.49, reflecting ongoing financial challenges[2]. - Total operating revenue for Q1 2024 was RMB 484,002,973.06, a decrease of 13.3% compared to RMB 558,119,921.10 in the same period last year[25]. - Net profit for Q1 2024 was a loss of RMB 34,980,470.90, compared to a loss of RMB 20,710,567.39 in the same period last year, representing a 68.8% increase in losses[29]. - Total comprehensive income attributable to the parent company was -45,922,679.29 RMB, compared to -30,392,445.83 RMB in the same period last year, reflecting a significant decline[31]. - Basic and diluted earnings per share were both -0.0503 RMB, compared to -0.0333 RMB in the previous year[31]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 5,315,233,684.17, down 4.07% from the end of the previous year[2]. - The total liabilities decreased to RMB 1,778,878,340.99 from RMB 1,963,919,385.99 at the beginning of the year, a reduction of 9.4%[23]. - Current liabilities totaled RMB 1,721,598,916.44, down 9.5% from RMB 1,901,673,450.91 at the beginning of the year[22]. - The total equity attributable to shareholders decreased to RMB 3,257,312,620.69 from RMB 3,303,235,992.24, a decline of 1.4%[24]. Cash Flow - Cash inflow from operating activities totaled 802,221,146.42 RMB, down from 884,883,104.00 RMB year-on-year, indicating a decrease of approximately 9.3%[32]. - Cash outflow from operating activities was 825,208,459.91 RMB, compared to 1,058,863,212.81 RMB in the same period last year, showing a reduction of about 22.0%[35]. - Net cash flow from operating activities was -22,987,313.49 RMB, an improvement from -173,980,108.81 RMB year-on-year[36]. - Net cash flow from investing activities was 230,637,612.84 RMB, slightly up from 227,408,036.07 RMB in the previous year[40]. - Cash inflow from financing activities was -5,769,620.00 RMB, compared to 18,064,688.48 RMB in the same period last year, indicating a significant decrease[41]. - The net increase in cash and cash equivalents was 202,843,530.96 RMB, compared to 71,695,203.25 RMB in the previous year, representing a substantial increase[42]. - The ending balance of cash and cash equivalents was 1,001,263,284.05 RMB, down from 1,026,239,493.10 RMB year-on-year[42]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 88,370[6]. - The top shareholder, Hong Kong Central Clearing Limited, holds 242,330,646 shares, representing 26.52% of the total issued share capital[11]. - Panda Electronics Group Company holds 210,661,444 shares, accounting for 23.05% of the total shares[11]. - The total number of shares held by the top ten shareholders amounts to 482,000,000, which is approximately 53.50% of the total issued shares[11]. - Panda Group has pledged 105,091,430 shares, which is 49.89% of its total holdings and 11.50% of the company's total share capital[11]. - The number of shares held by Nanjing Zhongdian Panda Information Industry Group is 35,888,611, representing 3.93% of the total shares[11]. - The total number of unrestricted shares held by the top ten unrestricted shareholders is 242,330,646[9]. - The company does not have knowledge of any individual customer holding more than 5% of the issued share capital[11]. - The Shenzhen Zeyuan Private Fund holds 4,513,900 shares, which is 0.49% of the total shares[11]. - The total number of shares held by the top ten unrestricted shareholders is 482,000,000, which is approximately 53.50% of the total issued shares[9]. Operational Highlights - The company completed the registration procedures for the absorption and merger of its wholly-owned subsidiary, Nanjing Panda Electronics Technology Development Co., Ltd., which does not affect the consolidated net assets and current profits[16]. - The company approved the annual related party transaction limits for 2024, with sales to Nanjing Ailixin Panda Communication Co., Ltd. not exceeding RMB 27.5 million[16]. - The company is in ongoing communication with Ericsson regarding the special tax adjustment matters related to its associate, Nanjing Ailixin Panda Communication Co., Ltd.[17]. - The company is actively taking necessary measures to address the impact of the special tax adjustment on its operations and protect the legal rights of its shareholders[17]. - The company plans to expand its market presence and invest in new technologies to drive future growth[25]. Research and Development - Research and development expenses increased to RMB 56,009,940.02, up 10.3% from RMB 50,851,851.93 year-on-year, indicating a focus on innovation[25].
南京熊猫电子股份(00553) - 2024 Q1 - 季度业绩