Financial Performance - Operating revenue increased by 13.63% to CNY 75,145,008.99 for the first quarter of 2024 compared to the same period last year[8] - Net profit attributable to shareholders decreased by 39.53% to CNY 3,578,622.76 for the first quarter of 2024[8] - Total operating revenue for Q1 2024 reached ¥75,145,008.99, a 13.5% increase from ¥66,131,447.53 in Q1 2023[39] - Net profit for Q1 2024 was ¥3,578,622.76, a decrease of 39.4% compared to ¥5,918,076.94 in Q1 2023[39] - The company reported a decrease in total profit to ¥3,678,930.66 in Q1 2024 from ¥6,488,945.35 in Q1 2023, a decline of 43.0%[39] - Operating profit for Q1 2024 was ¥3,640,948.56, down from ¥6,581,970.48 in Q1 2023, reflecting a 44.7% decrease[39] Cash Flow - Cash flow from operating activities decreased by 63.39% to CNY 4,966,735.81 compared to the same period last year[10] - Cash flow from operating activities generated a net amount of ¥4,966,735.81 in Q1 2024, down from ¥13,567,751.15 in Q1 2023[44] - Cash inflow from operating activities totaled 61,330,725.74 in Q1 2024, down from 72,632,647.13 in Q1 2023, indicating a decline in sales performance[47] - Cash outflow for operating activities was 66,749,260.63 in Q1 2024, slightly lower than 71,288,246.49 in Q1 2023, suggesting improved cost management[47] - Cash inflow from investment activities decreased significantly to 40,252,500.00 in Q1 2024 from 145,930,833.33 in Q1 2023, reflecting a reduction in investment recovery[48] - Cash outflow for investment activities was 43,706,743.54 in Q1 2024, down from 163,985,439.02 in Q1 2023, showing a decrease in capital expenditures[48] - Net cash flow from financing activities turned negative at -343,454.17 in Q1 2024, compared to a positive cash flow of 19,605,589.98 in Q1 2023, indicating challenges in financing[48] - The total cash and cash equivalents at the end of Q1 2024 stood at 41,751,230.03, a decrease from 93,363,298.89 at the end of Q1 2023, highlighting liquidity concerns[48] Assets and Liabilities - Total assets decreased by 1.19% to CNY 722,210,484.91 compared to the end of last year[8] - The company's asset-liability ratio decreased to 29.54% from 30.87% at the end of last year[8] - Current assets totaled ¥303,452,450.55, down from ¥331,452,361.86, indicating a decrease of about 8.4%[33] - Non-current assets increased to ¥418,758,034.36 from ¥399,491,929.44, representing a growth of approximately 4.3%[34] - Total liabilities decreased to ¥213,318,842.39 from ¥225,631,271.54, a reduction of about 5.5%[34] - Shareholders' equity rose to ¥508,891,642.52 from ¥505,313,019.76, showing a slight increase of around 1.1%[35] Expenses - Research and development expenses increased by 50.71% to CNY 5,710,943.74 due to increased investment in key projects[10] - The company reported a significant increase in management expenses by 31.39% to CNY 9,584,286.35 due to operational costs in Huizhou[10] - Total operating costs increased to ¥71,175,254.88 in Q1 2024, up from ¥61,952,287.96 in Q1 2023, reflecting a 14.5% rise[39] - The company experienced a significant increase in management expenses, which rose to ¥9,584,286.35 in Q1 2024 from ¥7,294,475.39 in Q1 2023, a 31.4% increase[39] Shareholder Information - Major shareholders hold a total of 53,833,199 shares, representing 76.26% of the company's total shares[17] - Xue Xinghan, a major shareholder, holds 40.45% of the shares, while Wang Daoqun holds 14.17%[17] Guarantees and Commitments - The company provided a total of 170 million CNY in guarantees for its wholly-owned subsidiaries, with an actual guarantee amount of 100 million CNY as of the reporting period[23] - The company has pledged assets totaling 269,601,557.11 CNY, which accounts for 37.33% of total assets[29] - The company has established a guarantee for a loan of up to 80 million CNY, which has not yet been utilized as of the reporting period[24] - There are no overdue commitments or violations of commitments by the company during the reporting period[28] Legal and Compliance - The company has no major litigation or arbitration matters during the reporting period[22] - The company has not experienced any asset freezes or judicial freezes on shares[19] - The company has no changes in its employee stock ownership plan during the reporting period[27] Investment and Future Projections - The company has projected 23 million CNY for purchasing raw materials and 1.2 million CNY for other transactions in the 2024 fiscal year[26]
则成电子(837821) - 2024 Q1 - 季度财报