四创电子(600990) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 339,165,426.68, representing a year-on-year increase of 60.84%[4] - Total operating revenue for Q1 2024 reached CNY 339,165,426.68, a significant increase of 60.5% compared to CNY 210,874,432.62 in Q1 2023[17] - The net profit attributable to shareholders was a loss of CNY 7,574,596.39, with a net profit excluding non-recurring gains and losses at a loss of CNY 26,611,142.85[4] - The net loss for Q1 2024 was CNY 7,549,096.55, compared to a net loss of CNY 69,999,354.41 in Q1 2023, indicating a reduction in losses[18] - The total comprehensive income for Q1 2024 was -7,549,096.55 RMB, compared to -69,999,354.41 RMB in the same period last year, reflecting a reduction in losses[19] - The basic and diluted earnings per share for Q1 2024 were both -0.0274 RMB, an improvement from -0.2541 RMB in Q1 2023[19] Cash Flow - The net cash flow from operating activities was negative at CNY -214,478,247.58, indicating a decrease in cash received from sales and services[4] - Cash flow from operating activities for Q1 2024 was -214,478,247.58 RMB, compared to -77,873,095.60 RMB in Q1 2023, indicating a worsening cash flow situation[22] - Cash inflow from operating activities totaled 329,843,031.53 RMB in Q1 2024, down from 527,646,666.97 RMB in Q1 2023[22] - Cash outflow from operating activities was 544,321,279.11 RMB in Q1 2024, compared to 605,519,762.57 RMB in Q1 2023, showing a decrease in cash outflows[22] - The net cash flow from investing activities was 4,496,596.21 RMB in Q1 2024, compared to -2,127,009.08 RMB in Q1 2023, indicating a positive shift[24] - Cash flow from financing activities resulted in a net outflow of -62,566,640.62 RMB in Q1 2024, compared to -200,427,576.58 RMB in Q1 2023, showing an improvement[24] - The ending cash and cash equivalents balance for Q1 2024 was 110,756,861.47 RMB, down from 203,949,271.10 RMB in Q1 2023[24] Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 6,210,515,560.86, down 5.65% from the end of the previous year[5] - Current assets totaled CNY 4,132,743,750.63 as of March 31, 2024, down from CNY 4,427,517,880.41 at the end of 2023, a decrease of 6.6%[12] - Total liabilities decreased to CNY 4,019,643,893.32 as of March 31, 2024, from CNY 4,389,045,268.83 at the end of 2023, a reduction of 8.4%[14] - The company's total assets were CNY 6,210,515,560.86 as of March 31, 2024, down from CNY 6,582,758,200.00 at the end of 2023, a decline of 5.6%[14] - The total equity attributable to shareholders was CNY 2,159,297,855.99 as of March 31, 2024, slightly down from CNY 2,162,164,619.45 at the end of 2023[14] Research and Development - The company's R&D expenses decreased by 32.70% due to reduced spending by subsidiaries[6] - Research and development expenses for Q1 2024 were CNY 1,670,935.78, down from CNY 2,482,787.11 in Q1 2023, a decrease of 32.6%[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 28,447[8] - The largest shareholder, China Electronics Corporation, holds 41.75% of the shares, totaling 115,246,277 shares[9] Other Income and Expenses - Financial expenses increased by 74.17%, attributed to a decrease in interest income[6] - Other income rose by 83.15%, primarily due to an increase in government subsidies received[6] - The company reported a significant increase in non-operating income, which rose by 488.04% due to compensation received during the period[7] Operational Efficiency - The company reported a gross profit margin of approximately -9.0% for Q1 2024, compared to -36.5% in Q1 2023, indicating an improvement in operational efficiency[18] Market Activity - The company did not report any new product launches or significant market expansion strategies during this quarter[26]