Sytech(600183)2024-04-26 11:44Financial Performance - The company's operating revenue for Q1 2024 was CNY 4,423,260,330.56, representing a year-on-year increase of 17.77%[4] - Net profit attributable to shareholders for Q1 2024 was CNY 392,086,387.33, reflecting a significant increase of 58.25% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was CNY 385,974,905.34, up by 65.65% year-on-year[4] - Basic and diluted earnings per share for Q1 2024 were both CNY 0.17, an increase of 54.55% from the previous year[4] - The weighted average return on equity rose to 2.76%, an increase of 0.95 percentage points compared to the previous year[4] - The company reported a net profit margin improvement, with operating profit margin rising from 7.3% in Q1 2023 to 10.3% in Q1 2024[19] - The net profit for Q1 2024 was approximately ¥403.70 million, a significant increase from ¥242.61 million in Q1 2023, representing a growth of 66.4%[20] - The total comprehensive income for Q1 2024 was approximately ¥387.20 million, up from ¥236.56 million in Q1 2023, indicating a growth of 63.6%[20] - The net profit for Q1 2024 was approximately ¥286.28 million, down from ¥424.34 million in Q1 2023, reflecting a decrease of around 32.5%[29] - The total comprehensive income for Q1 2024 was approximately ¥283.19 million, compared to ¥422.26 million in Q1 2023, indicating a decline of about 32.9%[29] Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 25,011,625,876.61, a slight increase of 0.22% from the end of the previous year[5] - Shareholders' equity attributable to the parent company was CNY 14,390,777,322.37, up by 2.91% from the previous year[5] - The company's total assets as of Q1 2024 were ¥25,011,625,876.61, slightly up from ¥24,956,644,491.86 at the end of Q1 2023[17] - Total liabilities decreased to ¥8,893,109,982.49 in Q1 2024 from ¥9,256,451,786.53 in Q1 2023, a reduction of 3.9%[17] - The company's total assets decreased to ¥15,867,074,262.44 as of March 31, 2024, down from ¥15,992,033,825.60 at the end of 2023[26] - The total liabilities decreased to ¥3,984,347,893.10 in Q1 2024 from ¥4,422,217,675.99 in the previous year, showing a reduction of approximately 9.9%[26] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 79.68%, primarily due to a reduction in cash received from sales and an increase in cash paid for purchases[8] - Cash flow from operating activities generated a net amount of approximately ¥133.19 million in Q1 2024, a decrease from ¥655.56 million in Q1 2023[22] - Cash flow from investing activities resulted in a net outflow of approximately ¥373.64 million in Q1 2024, compared to a net outflow of ¥360.14 million in Q1 2023[23] - Cash flow from financing activities showed a net outflow of approximately ¥506.32 million in Q1 2024, compared to a net outflow of ¥49.17 million in Q1 2023[23] - The cash and cash equivalents position improved, contributing to a stronger liquidity position for the company[19] - Cash and cash equivalents decreased to RMB 2,048,459,459.61 from RMB 2,774,667,745.03, indicating a decline of approximately 26.2%[15] - The company reported a decrease in cash and cash equivalents at the end of Q1 2024, totaling approximately ¥2.01 billion, down from ¥3.34 billion at the end of Q1 2023[23] - The cash and cash equivalents at the end of Q1 2024 were approximately ¥713.56 million, down from ¥1,026.48 million at the end of Q1 2023, a reduction of about 30.4%[31] Shareholder Activities - The company plans to increase shareholding by major shareholders, with Dongguan Guohong Investment Co., Ltd. intending to invest between RMB 30 million and RMB 60 million within six months starting from October 30, 2023[14] - Guangdong Guangxin Holdings Group Co., Ltd. plans to increase its shareholding by investing between RMB 75 million and RMB 150 million within the same timeframe[14] - Wehua Electronics Co., Ltd. aims to increase its shareholding by investing between RMB 400 million and RMB 450 million over the next 12 months starting from February 29, 2024[14] - The top ten shareholders and top ten unrestricted shareholders participated in the securities lending business, with a total of 1,400 shares lent out[11] - The total number of shares held by the top ten unrestricted shareholders was 12,594,700, representing 0.5342% of the total shares[13] Research and Development - Research and development expenses for Q1 2024 amounted to ¥217,380,967.94, which is an increase of 19.2% from ¥182,330,605.97 in Q1 2023[19] - Research and development expenses rose to ¥94,927,502.27 in Q1 2024, up from ¥81,400,671.13 in Q1 2023, reflecting a 16.7% increase in investment in innovation[28] Market Strategy - The company plans to continue optimizing product structure and expanding its market presence in response to increased demand for high-layer printed circuit boards[7] - The company plans to continue investing in new technologies and market expansion strategies to drive future growth[19]