Tony Tech(SH:603595)2024-04-26 12:41Financial Performance - The company's operating revenue for Q1 2024 was CNY 409,366,869.21, representing a year-on-year increase of 22.27%[5] - The net profit attributable to shareholders for Q1 2024 was CNY 12,867,632.33, reflecting a significant increase of 132.45% compared to the same period last year[5] - The net cash flow from operating activities reached CNY 187,842,200.80, marking a 46.97% increase year-on-year[5] - The basic and diluted earnings per share for Q1 2024 were both CNY 0.06, up by 135.29% from the previous year[5] - In Q1 2024, the company reported a net profit of CNY 1,577,204.62, a significant improvement compared to a net loss of CNY 42,186,559.80 in Q1 2023[19] - The total comprehensive income for the period was CNY 1,577,204.62, compared to a loss of CNY 42,186,559.80 in Q1 2023[20] - Basic and diluted earnings per share were both CNY 0.06, recovering from a loss of CNY 0.17 per share in the same quarter last year[20] Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 5,123,852,429.90, a decrease of 3.35% from the end of the previous year[6] - Total assets as of March 31, 2024, were ¥5,123,852,429.90, down from ¥5,301,496,325.00, a decrease of about 3.4%[14] - Total liabilities decreased to ¥3,332,672,522.86 from ¥3,511,893,622.58, a reduction of approximately 5.1%[15] - The company's equity attributable to shareholders increased to ¥1,565,297,951.92 from ¥1,552,430,319.59, an increase of about 0.8%[15] - Long-term borrowings decreased to ¥476,820,000.00 from ¥564,129,158.84, a decline of approximately 15.4%[15] Revenue and Costs - Total operating revenue for Q1 2024 reached ¥409,366,869.21, an increase from ¥334,800,789.94 in Q1 2023, representing a growth of approximately 22.3%[18] - Total operating costs for Q1 2024 were ¥416,189,800.77, up from ¥383,539,438.49 in Q1 2023, indicating an increase of about 8.5%[18] - The total revenue from operating activities was CNY 527,858,705.72, up from CNY 488,057,618.03 in the same period last year[22] Cash Flow and Financial Expenses - The company's cash and cash equivalents decreased to ¥95,576,634.39 from ¥178,312,452.85, a decline of approximately 46.3%[12] - The company's cash and cash equivalents at the end of the period were CNY 92,055,091.95, down from CNY 263,246,621.46 at the end of Q1 2023[23] - Cash flow from operating activities showed a net increase of CNY 187,842,200.80, compared to CNY 127,807,089.60 in Q1 2023, indicating a 46.9% increase[23] - The company incurred financial expenses of CNY 32,123,753.95, which is an increase from CNY 26,998,175.26 in the previous year[19] Shareholder Information - The company reported a total of 20,195 common shareholders at the end of the reporting period[9] Research and Development - Research and development expenses increased to CNY 61,280,098.51, compared to CNY 36,056,655.29 in Q1 2023, reflecting a growth of 70.1%[19] Market Expansion - The company’s subsidiary, Huzhou Dongni Semiconductor Technology Co., signed a supplementary procurement agreement for the delivery of 6-inch silicon carbide substrates, indicating ongoing market expansion efforts[10] Other Financial Metrics - The weighted average return on equity increased by 2.93 percentage points to 0.83%[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 33.81% due to changes in revenue from the photovoltaic sector[5] - Accounts receivable decreased to ¥613,125,988.34 from ¥742,464,572.73, a reduction of about 17.4%[12] - Inventory increased to ¥560,596,866.84 from ¥508,561,312.34, reflecting a rise of approximately 10.2%[12] - Deferred tax assets slightly decreased to ¥198,611,987.69 from ¥200,969,605.52, a reduction of about 1.2%[14] - The company's operating profit improved to CNY -18,196,259.62 from CNY -54,740,796.65 year-over-year[19] - The company reported a significant increase in sales expenses, totaling CNY 1,525,421.02, compared to CNY 523,402.44 in the previous year, marking a 191.5% increase[19]