共进股份(603118) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 1,921,223,558.57, representing a decrease of 9.50% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was CNY 6,065,669.55, down 92.06% year-on-year[5]. - The net cash flow from operating activities was negative at CNY -311,572,839.95, a decline of 323.64% compared to the previous year[5]. - Basic earnings per share decreased by 90.00% to CNY 0.01[6]. - The gross profit margin decreased by 0.91 percentage points, contributing to the decline in net profit[9]. - Net profit attributable to shareholders was CNY 0.06 billion, down 92.06% year-on-year, while the net profit excluding non-recurring gains and losses was -CNY 0.07 billion, a decrease of 110.88%[13]. - Operating profit for Q1 2024 was CNY 3,035,676.04, a decrease of 95.9% compared to CNY 73,411,751.85 in Q1 2023[21]. - Net profit for Q1 2024 was CNY 2,291,300.78, a significant decline from CNY 73,988,337.59 in Q1 2023[21]. - Operating profit for Q1 2024 was a loss of CNY 9,990,739.15, a significant decline from a profit of CNY 28,629,569.61 in Q1 2023[31]. - Net profit for Q1 2024 was a loss of CNY 8,451,267.25, compared to a net profit of CNY 30,829,138.05 in the same period last year[32]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,715,493,202.99, down 4.89% from the end of the previous year[6]. - Total current assets as of March 31, 2024, were CNY 5.995 billion, down from CNY 6.514 billion at the end of 2023[16]. - Total assets decreased to CNY 9,715,493,202.99 in Q1 2024 from CNY 10,214,476,693.90 in Q1 2023[18]. - Total liabilities decreased to CNY 4,588,065,819.56 in Q1 2024 from CNY 5,080,737,338.78 in Q1 2023[18]. - The total liabilities increased to 6,270,441,723.64 RMB from 5,540,342,780.27 RMB at the end of 2023, indicating a rise in financial obligations[29]. - The company’s total equity decreased to CNY 4,621,611,676.14 in Q1 2024 from CNY 4,630,062,943.39 in Q1 2023[30]. Cash Flow - In Q1 2024, the net cash flow from operating activities was -311,572,839.95 RMB, a decrease from 139,320,097.64 RMB in Q1 2023, indicating a significant decline in operational performance[25]. - Total cash inflow from operating activities was 1,644,901,571.27 RMB, down 37% from 2,620,471,406.05 RMB in the same period last year[25]. - Cash flow from operating activities for Q1 2024 was CNY 36,334,134.60, a decrease of 92.9% from CNY 516,301,343.13 in Q1 2023[34]. - Cash and cash equivalents decreased from CNY 2.423 billion at the end of 2023 to CNY 1.994 billion as of March 31, 2024[16]. - Cash and cash equivalents at the end of Q1 2024 were CNY 852,714,565.27, down from CNY 1,491,422,795.85 at the end of Q1 2023[35]. - The cash flow from financing activities showed a net outflow of -73,426,232.92 RMB, compared to a net inflow of 13,086,613.56 RMB in the previous year[25]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 52,024[10]. - The top two shareholders held a combined 40.51% of the shares, with Tang Funan holding 20.73% and Wang Davi holding 19.78%[11]. Research and Development - R&D expenses as a percentage of revenue increased from 3.59% in Q1 2023 to 4.98% in Q1 2024, reflecting the company's commitment to developing new products and expanding markets[13]. - Research and development expenses increased to CNY 95,768,494.39 in Q1 2024, up 25.6% from CNY 76,293,300.39 in Q1 2023[21]. - Research and development expenses increased to CNY 60,995,003.48 in Q1 2024, up from CNY 35,962,368.37 in Q1 2023, reflecting a growth of 69.5%[31]. Market and Sales - The automotive electronics revenue reached nearly CNY 60 million during the reporting period, indicating significant growth in this segment[14]. - The company plans to enhance its R&D and market expansion efforts in optical networks and automotive electronics, focusing on North America and Southeast Asia[14]. - The company reported a significant increase in sales costs, which rose to CNY 1,200,152,461.63 in Q1 2024 from CNY 1,148,918,395.06 in Q1 2023[31]. - The company is actively exploring direct sales models with operators, focusing on Southeast Asia, the Middle East, and domestic markets for operational breakthroughs[14].