民德电子(300656) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥65,685,171.43, a decrease of 10.57% compared to ¥73,447,580.39 in the same period last year[4] - Net profit attributable to shareholders was ¥204,097.12, down 96.56% from ¥5,935,469.57 year-on-year[4] - The net cash flow from operating activities was -¥22,834,288.72, a decline of 201.38% compared to ¥22,522,640.11 in the previous year[4] - Basic earnings per share decreased by 96.51% to ¥0.0012 from ¥0.0344 in the same period last year[11] - The net profit after deducting non-recurring gains and losses was -2.1806 million RMB, a decrease of 703.86 thousand RMB or 144.89% year-on-year[16] - The net profit for Q1 2024 was -1,173,663.49 CNY, a significant decrease compared to 5,106,732.51 CNY in Q1 2023, indicating a decline of approximately 123% year-over-year[24] - The total comprehensive income for Q1 2024 was -1,030,875.71 CNY, compared to 4,079,215.89 CNY in Q1 2023, showing a decline of approximately 125.3%[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,747,729,462.04, a decrease of 0.82% from ¥1,762,251,656.83 at the end of the previous year[4] - The total liabilities were ¥588,601,220.57, slightly up from ¥581,247,254.48, an increase of about 1.9%[21] - The company's cash and cash equivalents at the end of the period were ¥135,387,519.11, a slight decrease from ¥137,241,571.33 at the beginning of the period[20] - Accounts receivable decreased to ¥181,558,662.07 from ¥205,121,731.61, reflecting a reduction of approximately 11.4%[20] - Inventory increased to ¥108,279,612.32, up from ¥97,357,877.58, indicating an increase of about 11.8%[20] Operating Costs and Expenses - Total operating costs for Q1 2024 were ¥59,810,253.49, down 14.5% from ¥69,990,368.41 in the previous period[22] - Research and development expenses for Q1 2024 were ¥5,302,196.95, down from ¥6,432,639.14, a decrease of approximately 17.6%[22] - The company incurred financial expenses of 3,773,997.60 CNY in Q1 2024, an increase from 3,207,428.40 CNY in Q1 2023, indicating a rise of about 17.6%[24] Shareholder Information - The top 10 shareholders collectively hold 25.12% of the company's shares, with the largest shareholder, Xu Xiangcan, holding 12.72%[14] - The total number of common stock shareholders at the end of the reporting period was 9,958[13] - The total number of restricted shares at the end of the period was 43,988,292, with 1,415,775 shares released during the period[15] Investment Performance - Investment income decreased by 4119.51% due to a decline in net profit from associated enterprises compared to the previous year[8] - The company reported an investment loss of -9,645,182.66 CNY in Q1 2024, compared to a loss of -228,585.40 CNY in Q1 2023, reflecting a deterioration in investment performance[24] Business Developments - The barcode recognition business maintained steady growth, with revenue increasing by 13% year-on-year, and has been upgraded to the AiDC division[17] - New visual inspection equipment for the IVD industry has passed tests from several leading companies and is beginning small-scale supply[17] - The semiconductor industry remains sluggish, leading to significant declines in revenue and net profit for joint ventures compared to the previous year[17] - The company’s subsidiary, Taibo Xunrui, experienced a decrease in revenue and net profit due to customer structure adjustments and weak market demand in the battery business[17] Cash Flow - Cash and cash equivalents net increase decreased by 103.43% compared to the previous year, primarily due to increased payments for goods and services[10] - The net cash flow from financing activities in Q1 2024 was 22,973,409.79 CNY, a significant drop from 176,974,270.89 CNY in Q1 2023, indicating a decline of approximately 87%[26] - Operating cash flow for Q1 2024 was -22,834,288.72 CNY, contrasting with a positive cash flow of 22,522,640.11 CNY in the same period last year, marking a change of 202%[25]