江航装备(688586) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 308,921,731.50, representing a year-on-year increase of 1.23%[2] - The net profit attributable to shareholders for the same period was CNY 60,868,475.85, reflecting a growth of 1.10% compared to the previous year[2] - The net profit after deducting non-recurring gains and losses was CNY 54,206,967.19, with an increase of 1.09% year-on-year[2] - Total operating revenue for Q1 2024 was RMB 308,921,731.50, a slight increase of 0.9% compared to RMB 305,175,006.16 in Q1 2023[18] - Net profit for Q1 2024 reached RMB 60,868,475.85, representing a 1.1% increase from RMB 60,206,675.54 in Q1 2023[19] - Operating profit for Q1 2024 was RMB 68,975,438.42, an increase of 1.9% compared to RMB 67,709,242.95 in Q1 2023[19] - Basic and diluted earnings per share for Q1 2024 remained at RMB 0.08, unchanged from Q1 2023[20] Cash Flow - The net cash flow from operating activities was negative at CNY -80,947,723.55, with the reason attributed to an increase in received payments[7] - Cash inflow from operating activities in Q1 2024 was RMB 126,709,093.94, up 35.8% from RMB 93,275,600.10 in Q1 2023[21] - Cash outflow from operating activities in Q1 2024 totaled RMB 207,656,817.49, a decrease of 7.2% compared to RMB 223,807,488.28 in Q1 2023[21] - The net cash flow from operating activities for Q1 2024 was -$80,947,723.55, compared to -$130,531,888.18 in Q1 2023, indicating an improvement[22] - The net cash flow from investment activities was $2,589,214.27, significantly lower than $527,499,249.98 in Q1 2023[22] - The net cash flow from financing activities was -$961,500.00, slightly worse than -$914,100.00 in Q1 2023[22] - The net increase in cash and cash equivalents was -$79,320,009.28, contrasting with an increase of $396,053,261.80 in Q1 2023[22] - The ending balance of cash and cash equivalents was $922,003,076.36, down from $1,426,174,198.82 at the end of Q1 2023[22] Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,566,234,039.16, a decrease of 0.52% from the end of the previous year[3] - As of March 31, 2024, the company's total assets amounted to RMB 3,566,234,039.16, a decrease from RMB 3,584,944,155.52 as of December 31, 2023, reflecting a reduction of approximately 0.8%[13][15] - The company's cash and cash equivalents decreased to RMB 949,187,109.69 from RMB 1,027,483,419.23, representing a decline of about 7.6%[13] - Accounts receivable increased significantly to RMB 693,338,602.72 from RMB 561,573,046.81, marking an increase of approximately 23.4%[13] - The total current liabilities decreased to RMB 773,271,282.10 from RMB 839,278,330.19, a reduction of about 7.9%[15] - The company's total equity rose to RMB 2,539,159,343.06 from RMB 2,477,052,408.97, indicating an increase of approximately 2.5%[15] - The company's total liabilities decreased to RMB 1,027,074,696.10 from RMB 1,107,891,746.55, a reduction of about 7.3%[15] Research and Development - The company's R&D investment totaled CNY 31,032,355.37, accounting for 10.05% of operating revenue, which is a decrease of 1.17 percentage points year-on-year[3] - Research and development expenses for Q1 2024 were RMB 15,253,391.59, a decrease of 12.3% from RMB 17,467,040.33 in Q1 2023[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,074[10] - The largest shareholder, AVIC Aircraft Systems Co., Ltd., holds 324,592,366 shares, accounting for 41.02% of the total shares[10] Government Subsidies - The company received government subsidies amounting to CNY 4,145,926.90, which are closely related to its normal business operations[5] Other Information - The company did not report any significant new product developments or market expansion strategies during the quarter[12] - The company has adopted new accounting standards starting in 2024, which may affect financial reporting[24]