必易微(688045) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 135,612,257.58, representing a year-on-year increase of 2.48%[5] - The net profit attributable to shareholders was CNY 284,973.32, while the net profit after deducting non-recurring gains and losses was CNY -7,797,778.42[5] - The net cash flow from operating activities was CNY 12,675,637.92, indicating an improvement due to increased sales collections[10] - Total operating revenue for Q1 2024 was CNY 135,612,257.58, a slight increase of 2.3% compared to CNY 132,334,997.91 in Q1 2023[25] - Total operating costs for Q1 2024 were CNY 148,078,551.57, up from CNY 145,621,344.68 in Q1 2023, reflecting a 1.0% increase[25] - Net loss for Q1 2024 was CNY 3,632,662.31, an improvement from a net loss of CNY 5,293,951.75 in Q1 2023, representing a 31.4% reduction in losses[26] - The company reported a gross profit margin of approximately -9.1% for Q1 2024, compared to -2.6% in Q1 2023[25] - Basic and diluted earnings per share for Q1 2024 were CNY 0.0041, compared to a loss of CNY 0.0335 per share in Q1 2023[27] Research and Development - Research and development expenses totaled CNY 36,178,631.26, accounting for 26.68% of operating revenue, an increase of 2.28 percentage points year-on-year[6] - Research and development expenses increased to CNY 36,178,631.26 in Q1 2024, up 12.0% from CNY 32,289,347.42 in Q1 2023[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,425,144,273.20, a decrease of 1.15% compared to the end of the previous year[6] - The company's total assets as of March 31, 2024, amounted to RMB 1,425,144,273.20, a decrease from RMB 1,441,737,084.97 as of December 31, 2023[21] - The company’s total liabilities decreased to CNY 118,729,895.64 in Q1 2024 from CNY 133,798,638.92 in Q1 2023, a reduction of 11.3%[22] - The total equity attributable to shareholders increased slightly to CNY 1,328,428,842.17 in Q1 2024 from CNY 1,326,035,275.03 in Q1 2023[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,557[12] - The top shareholder, Xie Pengcun, held 12,766,050 shares, representing 18.49% of the total shares[12] Cash Flow and Financing Activities - The company's cash and cash equivalents decreased to RMB 208,761,092.87 from RMB 724,172,628.73 as of December 31, 2023, representing a decline of approximately 71.1%[20] - The net cash flow from investment activities was -$506.95 million, a significant decrease from -$123.14 million in the previous year[29] - Total cash inflow from investment activities was $683.83 million, down from $996.88 million year-over-year[29] - Cash outflow from investment activities totaled $1.19 billion, compared to $1.12 billion in the same period last year[29] - The net cash flow from financing activities was -$21.13 million, contrasting with a positive $9.10 million in the previous year[29] - Cash outflow related to financing activities was $21.13 million, primarily due to dividend payments and other financing costs[29] - The company received $10 million related to financing activities, indicating limited new financing sources[29] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 4,350,545.61, which positively impacted the financial results[8] - The company reported a total of CNY 8,082,751.74 in non-recurring gains and losses for the period[9] Stock and Share Repurchase - As of March 31, 2024, the company has repurchased a total of 1,040,000 shares, accounting for 1.51% of the total share capital, with a total expenditure of RMB 45,351,988.59[17] - The company has approved a share repurchase plan with a total amount not less than RMB 42 million and not exceeding RMB 84 million, with a repurchase price capped at RMB 78.00 per share[16] Inventory and Accounts Payable - The company's inventory decreased to RMB 147,661,033.85 from RMB 160,120,426.87, reflecting a decline of approximately 7.4%[20] - The accounts payable decreased to RMB 53,882,298.56 from RMB 57,238,882.37, indicating a reduction of approximately 5.9%[21] Cash Flow Analysis - The company reported a significant increase in cash received from sales to CNY 102,010,482.32 in Q1 2024, up from CNY 78,346,817.99 in Q1 2023, marking a 30.2% increase[28] - Cash flow from operating activities for Q1 2024 was CNY 12,675,637.92, a significant recovery from a negative cash flow of CNY 22,964,254.77 in Q1 2023[28] Strategic Considerations - The company’s cash flow situation indicates a need for strategic adjustments in investment and financing activities moving forward[29] - The impact of exchange rate changes on cash and cash equivalents was minimal, with a slight increase of $326.89[29] - The company did not adopt new accounting standards for the first quarter of 2024[30]