良信股份(002706) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥942,217,611.81, representing a 1.10% increase compared to ¥931,963,371.38 in the same period last year[5]. - Net profit attributable to shareholders was ¥89,573,760.54, up 5.33% from ¥85,054,493.37 year-on-year[5]. - Total operating revenue for Q1 2024 was CNY 942,217,611.81, a slight increase from CNY 931,963,371.38 in the same period last year, representing a growth of approximately 0.27%[20]. - Net profit for Q1 2024 was CNY 89,573,760.54, compared to CNY 85,037,662.75 in Q1 2023, reflecting an increase of approximately 6.3%[22]. - The basic and diluted earnings per share remained stable at CNY 0.08 for both Q1 2024 and Q1 2023[22]. Cash Flow - The net cash flow from operating activities increased by 122.65%, reaching ¥28,826,543.21, compared to a negative cash flow of ¥127,268,805.55 in the previous year[11]. - The net cash flow from operating activities for Q1 2024 was ¥28,826,543.21, a significant improvement compared to the negative ¥127,268,805.55 in the same period last year[24]. - Total cash inflow from operating activities reached ¥729,021,870.93, up from ¥617,345,192.19 year-over-year[24]. - Cash outflow from operating activities decreased to ¥700,195,327.72 from ¥744,613,997.74, indicating better cost management[24]. - The net cash flow from investing activities was negative at ¥56,765,283.37, a decline from a positive ¥174,245,995.61 in Q1 2023[24]. - The net cash flow from financing activities was negative at ¥100,600,000.00, compared to a positive ¥71,966,863.08 in the previous year[25]. Assets and Liabilities - The company's total assets decreased by 2.15% to ¥5,608,012,996.84 from ¥5,731,108,310.46 at the end of the previous year[5]. - The company's total current assets decreased from 3,275,582,176.34 RMB to 3,055,144,493.85 RMB, a reduction of approximately 6.7%[17]. - The total assets of the company decreased from 5,819,530,562.85 RMB to 5,608,012,996.84 RMB, a decline of about 3.6%[17]. - The total liabilities decreased to CNY 1,370,712,764.96 from CNY 1,684,587,998.06, a reduction of about 18.61%[18]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 43,185[12]. - The largest shareholder, Ren Silong, holds 9.44% of shares, amounting to 106,064,330 shares, with 39,489,000 shares pledged[12]. Research and Development - Research and development expenses increased by 43.73% compared to the beginning of the period due to capitalized R&D expenditures[10]. - Research and development expenses for the quarter were CNY 64,486,524.59, up from CNY 61,385,134.34, indicating an increase of about 5.14%[21]. Inventory and Receivables - The company's accounts receivable decreased from 522,957,643.63 RMB to 502,851,956.78 RMB, a decline of about 3.8%[17]. - The inventory increased from 461,785,365.82 RMB to 495,420,512.46 RMB, an increase of approximately 7.3%[17]. Other Financial Metrics - The company's cash and cash equivalents decreased from 1,015,414,411.59 RMB to 884,022,844.88 RMB, a drop of approximately 12.9%[16]. - Other income increased by 207.93% due to VAT deductions for advanced manufacturing enterprises[10]. - The company reported a financial income of CNY 2,679,495.09, down from CNY 3,772,474.72, representing a decrease of approximately 29.05%[21]. - Contract liabilities rose to CNY 27,221,028.58 from CNY 21,800,975.00, indicating an increase of approximately 24.67%[18]. Corporate Developments - The company plans to establish a joint venture, Liangyun Smart (Guangdong) Co., Ltd., with a registered capital of 50 million RMB, where the company will contribute 26 million RMB for a 52% stake[14]. - The company has set up a wholly-owned subsidiary, Liangxin Electric (Hong Kong) Co., Ltd., to enhance its competitiveness in overseas markets[14].