连城数控(835368) - 2024 Q1 - 季度财报

Financial Performance - The company's total revenue for the first quarter of 2024 reached ¥1,096,657,578.03, representing a 69.35% increase compared to ¥647,555,317.43 in the same period last year[22]. - The net profit attributable to shareholders for the same period was ¥220,936,368.89, a significant increase of 116.05% from ¥102,263,336.39 year-on-year[22]. - The net profit after deducting non-recurring gains and losses surged by 681.20% to ¥212,648,051.35, compared to ¥27,220,552.86 in the previous year[22]. - The company's gross profit margin improved, with operating costs rising to ¥742,538,163.39, reflecting a 52.16% increase due to higher sales revenue[23]. - The weighted average return on net assets based on net profit attributable to shareholders was 5.60%, up from 3.16% in the previous year[22]. - The net profit for the current period reached 228,993,117.53, a significant increase from 97,804,735.46 in the previous period, representing a growth of approximately 133.5%[41]. - The total profit amounted to 231,238,912.65, compared to 98,931,208.55 in the same period last year, indicating an increase of about 133.4%[41]. - The operating profit for the current period was 230,876,164.68, up from 97,531,642.70, reflecting a growth of approximately 136.2%[41]. - The basic earnings per share (EPS) for the current period was 0.95, compared to 0.44 in the previous period, marking an increase of about 115.9%[42]. - The diluted EPS also increased to 0.94 from 0.44, showing a growth of approximately 113.6%[42]. Cash Flow and Liquidity - The company's cash flow from operating activities showed a slight decline, with a net outflow of ¥223,489,772.14, compared to ¥221,967,761.54 in the same period last year, a change of -0.69%[22]. - Cash inflow from operating activities totaled 1,548,764,711.28, compared to 972,455,559.69 in the previous year, representing an increase of about 59.2%[43]. - The net cash flow from operating activities was -223,489,772.14, slightly worse than -221,967,761.54 in the same period last year[43]. - Cash and cash equivalents increased to CNY 1.33 billion as of March 31, 2024, compared to CNY 1.19 billion at the end of 2023, reflecting a growth of approximately 11.5%[36]. - The company achieved a net cash increase of approximately $127.93 million during the reporting period, contrasting with a decrease of $38.23 million in the previous period[67]. - Cash and cash equivalents at the end of the period totaled approximately $946.41 million, up from $481.11 million at the end of the previous period, indicating a strong liquidity position[67]. Assets and Liabilities - The company's total assets decreased by 3.47% to ¥12,265,633,336.83 from ¥12,705,933,440.56 at the end of the previous year[22]. - The company's current assets as of March 31, 2024, amounted to CNY 10.48 billion, a decrease from CNY 10.99 billion as of December 31, 2023, representing a decline of approximately 4.7%[36]. - The company's accounts receivable increased to CNY 2.27 billion as of March 31, 2024, compared to CNY 2.21 billion at the end of 2023, reflecting a growth of about 2.5%[36]. - The company reported a total of CNY 4.6 billion in inventory as of March 31, 2024, down from CNY 4.68 billion at the end of 2023, indicating a decrease of approximately 3.2%[36]. - Total assets decreased from 12,705,933,440.56 to 12,265,633,336.83, a decline of approximately 3.46%[38]. - Total liabilities decreased from 8,714,778,674.23 to 8,051,638,021.39, a reduction of about 7.59%[38]. - Current liabilities decreased from 8,571,037,423.49 to 7,845,528,354.73, a decrease of around 8.47%[38]. - The company's equity attributable to shareholders increased from 3,837,363,289.15 to 4,058,871,990.52, reflecting a growth of about 5.76%[38]. - The total equity increased from 3,991,154,766.33 to 4,213,995,315.44, representing an increase of approximately 5.56%[38]. Investments and R&D - The company reported R&D expenses of ¥65,154,649.41 for Q1 2024, an increase from ¥53,132,851.35 in Q1 2023, reflecting a growth of approximately 22.6%[60]. - Research and development expenses increased to approximately $12.90 million in Q1 2024, up from $9.83 million in Q1 2023, representing a growth of 31.5%[66]. - The company reported a net cash inflow from investment activities of approximately $418.55 million, compared to a net outflow of $122.25 million in the previous period, indicating a significant improvement in investment cash flow[65]. - The company’s total cash inflow from investment activities was approximately $149.96 million, compared to $78.23 million in the previous period, indicating a positive trend in investment returns[67]. Strategic Focus and Market Position - The company aims to become a global leader in photovoltaic and semiconductor equipment integration services, indicating a strategic focus on market expansion and innovation[16]. - The company executed related party transactions with a total expected amount of CNY 3.6 billion for the sale of products and services, with actual transactions amounting to CNY 609.58 million, representing about 17% of the expected amount[31]. - The top ten shareholders hold a combined 63.21% of the company's shares, with Hainan Huizhi Investment Co., Ltd. being the largest shareholder at 30.21%[47]. Regulatory and Compliance Issues - The company has committed to ongoing monitoring of regulatory investigations involving its chairman, with no definitive conclusion reached as of the report date[34]. - The company is under investigation by the Liaoning Securities Regulatory Bureau for alleged insider trading by its chairman, Li Chun'an[54]. Stock and Equity - The company has not made any adjustments or exercised options in its stock incentive plans during the reporting period[32]. - The company has two ongoing stock option incentive plans, with details disclosed on October 15, 2020, and October 17, 2023[52]. - The company's total share capital remained at 233,499,640, with no changes reported during the period[46].