东方通信(600776) - 2024 Q1 - 季度财报

Financial Performance - The net profit attributable to shareholders increased by 903.59% due to the reclassification of equity in an associate to a trading financial asset, resulting in increased investment income[13] - The net profit excluding non-recurring gains and losses decreased by 36.62%, primarily due to increased R&D expenditures during the reporting period[13] - The company's operating revenue for Q1 2024 was CNY 567,702,225.08, representing a decrease of 5.56% compared to the same period last year[32] - The net profit attributable to shareholders of the listed company was CNY 135,379,659.88, an increase of 903.59% year-on-year[32] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 8,090,904.11, down 36.62% from the previous year[32] - The basic earnings per share for the period was CNY 0.10778635, reflecting a substantial increase of 903.59%[32] - The diluted earnings per share for the period was also CNY 0.10778635, consistent with the basic earnings per share[32] - The weighted average return on equity increased by 3.47 percentage points to 3.87%[32] - Net profit for Q1 2024 increased significantly to ¥134,721,554.76, compared to ¥12,762,013.04 in Q1 2023, representing a growth of over 950%[48] - Basic earnings per share for Q1 2024 were ¥0.108, compared to ¥0.011 in Q1 2023, reflecting improved profitability[54] Assets and Liabilities - Total assets reached RMB 4,453,714,961.10, an increase from RMB 4,354,312,127.79 in the previous period[20] - Non-current assets totaled RMB 1,635,066,897.48, down from RMB 1,669,615,111.98[20] - Current liabilities amounted to RMB 740,997,830.57, a decrease from RMB 775,791,641.66[20] - The company’s intangible assets were valued at RMB 123,095,536.24, a slight decrease from RMB 126,946,622.46[20] - The total number of ordinary shareholders at the end of the reporting period was 117,244[13] - Total current assets rose to ¥2,818,648,063.62 as of March 31, 2024, from ¥2,684,697,015.81 at the end of 2023, showing improved liquidity[45] - Inventory increased to ¥664,165,002.79 as of March 31, 2024, compared to ¥551,200,344.33 at the end of 2023, indicating potential growth in sales[45] Cash Flow - The net cash flow from operating activities was CNY -162,372,997.27, indicating a significant cash outflow[32] - In Q1 2024, the cash inflow from operating activities was CNY 621,462,591.55, an increase from CNY 607,418,377.96 in Q1 2023, representing a growth of approximately 1.72%[55] - The net cash flow from operating activities was -CNY 162,372,997.27, slightly worse than -CNY 161,536,679.82 in the same period last year[55] - Cash outflow for purchasing goods and services was CNY 633,693,979.85, up from CNY 582,881,020.75, indicating an increase of about 8.69%[55] - The cash outflow from investment activities was CNY 16,973,925.38, a decrease from CNY 31,305,364.72, showing a reduction of approximately 45.8%[55] - The net cash flow from investment activities was -CNY 16,973,925.38, improving from -CNY 31,221,796.72 year-over-year[55] - The company reported a cash outflow of CNY 1,652,031.66 related to financing activities[55] Government Support and Fair Value Changes - The company received government subsidies amounting to RMB 385,320.10, which are closely related to its normal business operations[11] - The company reported a fair value change gain of RMB 150,135,738.74 from financial assets and liabilities held[11] Research and Development - Research and development expenses rose to ¥45,052,630.54 in Q1 2024, up from ¥36,224,751.69 in Q1 2023, indicating a focus on innovation[48] - The company reported a significant increase in investment income to ¥108,216,509.07 in Q1 2024, compared to ¥1,495,838.10 in Q1 2023[48]