国力股份(688103) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥144,377,694.53, representing an increase of 11.93% compared to the same period last year[5]. - Net profit attributable to shareholders decreased by 63.59% to ¥4,160,603.65, while the net profit after deducting non-recurring gains and losses fell by 71.64% to ¥3,191,985.97[5][8]. - Basic and diluted earnings per share were both ¥0.04, down 66.67% year-on-year[6]. - The weighted average return on equity decreased to 0.37%, down 0.73 percentage points from the previous year[6]. - Total operating revenue for Q1 2024 reached ¥144,377,694.53, an increase of 11.0% compared to ¥128,989,245.19 in Q1 2023[20]. - Net profit for Q1 2024 was ¥4,490,681.55, a decrease of 59.0% from ¥10,961,362.93 in Q1 2023[21]. - Basic earnings per share for Q1 2024 were ¥0.04, down from ¥0.12 in Q1 2023, reflecting a decrease of 66.7%[22]. - The company reported a tax expense of ¥525,441.53 for Q1 2024, compared to ¥2,629,163.49 in Q1 2023, indicating a substantial reduction in tax liabilities[21]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥34,865,688.09, a decline of 408.79% compared to the previous year[5][9]. - In Q1 2024, the company reported cash inflows from operating activities totaling $112,412,392.28, a decrease of 32.2% compared to $165,887,291.60 in Q1 2023[24]. - The net cash outflow from operating activities was $34,865,688.09, contrasting with a net inflow of $11,290,933.36 in the same period last year[24]. - Cash outflows for investing activities amounted to $385,326,609.75, significantly higher than $12,285,643.54 in Q1 2023, resulting in a net cash outflow of $385,318,609.75[25]. - The net increase in cash and cash equivalents was a decrease of $420,111,587.08, compared to a decrease of $28,498,382.62 in Q1 2023[25]. - The ending balance of cash and cash equivalents was $402,224,722.97, down from $822,336,310.05 at the beginning of the period[25]. - The company received tax refunds amounting to $841,917.46, a decrease from $4,323,872.22 in the previous year[24]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,070,304,182.69, a slight decrease of 0.56% from the end of the previous year[6]. - The company's total current assets amounted to approximately CNY 1.52 billion, a slight increase from CNY 1.51 billion as of December 31, 2023[16]. - The company's cash and cash equivalents decreased to CNY 402.22 million from CNY 822.34 million, indicating a significant reduction in liquidity[16]. - Accounts receivable stood at CNY 324.01 million, showing a minor decrease from CNY 330.05 million in the previous quarter[16]. - The inventory level increased to CNY 218.11 million from CNY 209.89 million, reflecting a growth in stock[16]. - The company's long-term equity investments were valued at CNY 10.11 million, slightly up from CNY 10.05 million[16]. - Total liabilities for Q1 2024 were ¥933,951,908.44, up from ¥927,941,662.70 in Q1 2023[18]. Research and Development - Research and development expenses totaled ¥16,758,481.47, accounting for 11.61% of operating revenue, a decrease of 0.61 percentage points[6]. - Research and development expenses increased to ¥16,758,481.47 in Q1 2024, compared to ¥15,768,163.66 in Q1 2023, reflecting a growth of 6.3%[21]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,015[10]. - The company has a significant shareholder structure, with the top shareholder holding 26,485,120 shares, representing a substantial ownership stake[12]. - There are no significant changes in the shareholder structure or any new strategic initiatives mentioned in the report[15]. Other Information - The company issued 48 million convertible bonds, leading to increased financial expenses due to interest payments[8]. - The company experienced a significant increase in sales volume in the new energy vehicle sector, but overall product gross margins declined due to intense competition[8]. - The company has not disclosed any new product launches or technological advancements in the current report[15]. - The company has adopted new accounting standards starting in 2024, which may affect future financial reporting[25].