振华科技(000733) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥1,014,207,036.46, a decrease of 51.75% compared to ¥2,101,947,224.17 in the same period last year[4] - Net profit attributable to shareholders was ¥101,940,089.06, down 86.13% from ¥734,623,812.89 year-on-year[4] - Basic earnings per share decreased to ¥0.1844, down 86.94% from ¥1.4116 in the same period last year[4] - The total profit for Q1 2024 was CNY 123,997,337.71, down 85.5% from CNY 855,616,226.57 in Q1 2023[18] - Operating profit for the quarter was CNY 123,512,943.26, significantly lower than CNY 854,816,111.51 in the previous year[18] - Total comprehensive income for Q1 2024 was CNY 102,992,915.40, compared to CNY 735,331,519.53 in the same quarter last year[19] Cash Flow - The net cash flow from operating activities increased significantly to ¥140,539,910.63, a rise of 686.78% compared to ¥17,862,608.35 in the previous year[4] - The net cash flow from operating activities for Q1 2024 was approximately ¥140.54 million, an increase of 686.78% compared to the previous period[11] - The net cash flow from investing activities decreased by 55.02%, amounting to approximately -¥64.96 million, primarily due to increased cash payments for fixed assets and intangible assets[11] - The net cash flow from financing activities was approximately -¥17.90 million, a decrease of 119.64% compared to the previous year, mainly due to reduced net cash from loans and debt repayments[11] - Cash and cash equivalents at the end of Q1 2024 amounted to CNY 2,604,717,235.01, an increase from CNY 1,783,294,107.97 at the end of Q1 2023[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥17,966,741,776.49, a slight decrease of 0.04% from ¥17,974,514,043.52 at the end of the previous year[5] - Total liabilities decreased to CNY 3,497,210,593.22 from CNY 3,627,845,506.90 in the previous quarter, reflecting a reduction of approximately 3.6%[16] - The total equity attributable to shareholders increased to CNY 14,471,456,831.49 from CNY 14,348,600,240.98, representing a growth of 0.9%[16] - Short-term borrowings decreased to CNY 467,000,000.00 from CNY 485,900,000.00, a reduction of 2.0%[16] - The company’s long-term borrowings were CNY 663,621,000.00, slightly down from CNY 669,731,000.00, reflecting a decrease of 0.2%[16] Research and Development - The company's R&D expenses for Q1 2024 were ¥70,372,771.96, a decrease of 40.20% compared to ¥117,686,790.43 in the same period last year[10] - Research and development expenses for Q1 2024 amounted to CNY 70,372,771.96, a decrease of 40.2% compared to CNY 117,686,790.43 in the previous year[17] - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[11] Tax and Subsidies - The company reported a significant reduction in income tax expenses, which were ¥22,051,192.51, down 81.73% from ¥120,705,261.86 year-on-year[10] - The company received government subsidies amounting to ¥10,295,534.10 during the reporting period, which positively impacted its financial results[6] Shareholder Information - The largest shareholder, China Zhenhua Electronics Group Co., Ltd., holds 30.60% of the shares, totaling approximately 169.57 million shares[12] - The company has no related party transactions with its major shareholders, ensuring transparency in ownership[13] Other Financial Metrics - The weighted average return on net assets was 0.71%, down 6.55% from 7.26% in the previous year[4] - The company reported a significant reduction in sales expenses, which were CNY 80,716,817.10, down from CNY 95,071,010.06, indicating a decrease of 15.2%[17] - The company recorded a decrease in interest expenses, with CNY 9,627,394.70 in Q1 2024 compared to CNY 10,436,496.90 in Q1 2023[18] - Accounts receivable increased to approximately ¥5.07 billion from ¥4.73 billion, indicating a growth in sales or credit terms[14] - Inventory levels rose to approximately ¥2.23 billion, up from ¥2.10 billion, reflecting potential growth in production or sales[14]