佳禾智能(300793) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was CNY 447,255,741.92, a decrease of 6.54% compared to CNY 478,530,821.70 in the same period last year[4] - Net profit attributable to shareholders was CNY 14,656,739.13, down 54.44% from CNY 32,171,443.19 year-on-year[4] - Basic earnings per share dropped by 60.00% to CNY 0.04 from CNY 0.10 in the same quarter last year[4] - Net profit for Q1 2024 was CNY 14,424,788.00, a decline of 55.2% from CNY 32,171,443.19 in Q1 2023[24] - Total comprehensive income for the first quarter was CNY 9,638,996.99, compared to CNY 33,635,649.04 in the previous period, reflecting a significant decrease[25] Cash Flow - The net cash flow from operating activities decreased by 45.65% to CNY 80,395,073.26 from CNY 147,922,979.87 in the previous year[4] - The net cash flow from investing activities worsened by 80.10%, amounting to -¥932,194,805.15, primarily due to investments in financial products with temporarily idle raised funds[12] - The net cash flow from financing activities surged by 833.85% to ¥1,089,711,745.43, mainly due to the inflow from issuing convertible bonds during the reporting period[12] - The net increase in cash and cash equivalents was ¥238,614,010.13, a significant improvement of 195.14% compared to -¥250,814,489.41 in the previous year[12] - The ending balance of cash and cash equivalents rose by 52.04% to ¥1,017,963,199.02, attributed to the inflow from the issuance of convertible bonds[12] Assets and Liabilities - Total assets increased by 31.22% to CNY 4,282,080,722.38 compared to CNY 3,263,396,302.22 at the end of the previous year[4] - Total liabilities increased significantly to CNY 1,749,694,171.41 from CNY 758,467,056.55, an increase of 130.5%[21] Investments and Expenses - Research and development expenses rose by 43.66% to CNY 28,778,217.30, reflecting increased investment in innovation[9] - Research and development expenses for Q1 2024 were CNY 28,778,217.30, up 43.7% from CNY 20,031,613.38 in Q1 2023[24] - The company experienced a 52.16% increase in taxes and surcharges, totaling CNY 3,538,851.97, primarily due to property tax from new facilities[9] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,761, with no preferred shareholders[14] - The largest shareholder, Dongguan Wenfu Industrial Investment Co., Ltd., holds 31.21% of the shares, totaling 105,600,000 shares[14] - The company plans to repurchase shares using between ¥40 million and ¥80 million, with a maximum repurchase price of ¥22 per share within 12 months[17] - As of the report date, the company has repurchased 4,000,000 shares through a special securities account[18] Other Financial Metrics - Total operating costs for Q1 2024 were CNY 433,992,490.13, down 3.5% from CNY 449,627,912.37 in the previous year[23] - Cash and cash equivalents increased to CNY 1,017,963,199.02 from CNY 779,349,188.89, representing a growth of 30.6%[20] - Accounts receivable decreased to CNY 430,119,386.12 from CNY 523,911,291.62, a reduction of 17.9%[20] - Inventory rose to CNY 504,991,362.92, up 7.0% from CNY 468,823,407.96[20] - The company reported a decrease in comprehensive income, with other comprehensive income after tax at CNY -4,785,791.01 compared to CNY 1,464,205.85 in the previous year[24] - The company received CNY 995,968,000.00 from investment during the current period, with no previous amount reported[28] - The company reported a decrease in cash received from sales of goods and services, totaling CNY 569,204,969.70, compared to CNY 546,210,771.65 in the previous period[27] Audit Information - The company did not undergo an audit for the first quarter report[30]