盈趣科技(002925) - 2024 Q1 - 季度财报

Financial Performance - Revenue for Q1 2024 was CNY 764,187,779.90, a decrease of 12.30% compared to CNY 871,392,103.77 in the same period last year[12] - Net profit attributable to shareholders was CNY 55,611,763.22, down 30.63% from CNY 80,167,406.63 year-on-year[12] - Basic and diluted earnings per share were both CNY 0.07, a decrease of 30.00% from CNY 0.10 in the same period last year[12] - Net profit for the first quarter of 2024 was ¥56,425,997.70, a decrease of 37.0% compared to ¥89,588,368.31 in the previous year[47] - The company reported a total comprehensive income of ¥41,635,566.07 for the first quarter, down from ¥71,148,214.69 in the previous year, reflecting a decline of approximately 41.5%[47] Cash Flow - Net cash flow from operating activities increased by 41.62% to CNY 131,388,008.88, compared to CNY 92,776,357.72 in the previous year[12] - The net cash flow from operating activities increased to CNY 131,388,008.88, up from CNY 92,776,357.72, representing a growth of 41.4%[60] - Cash received from sales of goods and services rose to CNY 942,923,628.51, compared to CNY 884,100,378.10 in the previous period, an increase of about 6.6%[59] - The net cash flow from investing activities improved significantly by 156.69%, reaching ¥227,090,719.97, compared to a negative cash flow of ¥400,615,033.74 in the previous year, mainly due to increased redemption of financial products and reduced external investments[21] - The cash inflow from investment activities was CNY 623,580,579.91, compared to CNY 370,067,615.16 in the previous period, indicating a substantial increase of 68.3%[60] - The cash outflow from investment activities decreased significantly from CNY 770,682,648.90 to CNY 396,489,859.94, a reduction of approximately 48.5%[60] Assets and Liabilities - Total assets at the end of the quarter were CNY 7,242,958,024.43, a decrease of 1.69% from CNY 7,367,542,271.70 at the end of the previous year[12] - The total liabilities decreased from ¥2,126,257,639.09 to ¥1,989,439,093.67, indicating a reduction in overall debt levels[34] - The total liabilities increased from CNY 1,489,514,003.30 to CNY 1,550,032,768.38, reflecting a rise of approximately 4.1%[53] - The total current assets decreased to ¥4,000,818,024.91 from ¥4,136,440,797.11, a decline of about 3.3%[40] - The total owner's equity increased slightly from ¥5,241,284,632.61 to ¥5,253,518,930.76, reflecting a stable equity position[34] Shareholder Activities - The company completed a share repurchase plan, acquiring 4,584,553 shares at a total cost of ¥69,920,133.01, representing 0.5875% of the total share capital[26] - The company plans to initiate a new round of share repurchase with a total amount between ¥50 million and ¥100 million, at a maximum price of ¥25.00 per share[37] Investment and Expansion - The company approved an investment of up to $50 million to establish a manufacturing base in Mexico through its wholly-owned subsidiary Intretech (HK) Co., Limited[38] - The company is in the process of completing the registration procedures for its Mexican subsidiary, expected to be finalized by April 2024[38] Expenses - The total operating costs decreased to ¥706,636,085.12 from ¥799,446,787.15, a reduction of approximately 11.6%[45] - Research and development expenses for the first quarter were ¥79,015,678.97, a decrease from ¥84,437,708.78, indicating a reduction of about 6.4%[45] Other Financial Metrics - The company reported a net profit of CNY 43,338,195.12 after deducting non-recurring gains and losses, which is a slight increase of 2.19% from CNY 42,410,033.96 year-on-year[12] - The weighted average return on equity was 1.11%, down 0.40 percentage points from 1.51% in the previous year[12] - The investment income dropped significantly by 106.64% to -¥580,031.07, compared to ¥8,735,967.53 in the previous year, primarily due to decreased financial management income[21] - The fair value change income decreased by 67.40% to ¥7,594,464.04, down from ¥23,292,819.19, mainly due to reduced financial management income from trading financial assets measured at fair value[21] - The company experienced a 51.86% increase in payable employee compensation, reaching CNY 964,620,486.49, primarily due to the distribution of last year's year-end bonuses[14] - Long-term borrowings decreased by 43.04% to CNY 264,129,210.50, mainly due to reclassification of long-term debts due within one year[14]