Financial Performance - The company's operating revenue for Q1 2024 was CNY 2,834,785,940.87, representing a 30.80% increase compared to CNY 2,167,270,932.37 in the same period last year[2]. - Net profit attributable to shareholders decreased by 26.69% to CNY 185,389,285.31 from CNY 252,887,184.67 year-on-year[2]. - Basic and diluted earnings per share fell by 43.75% to CNY 0.27 from CNY 0.48 in the same period last year[2]. - The company achieved operating revenue of RMB 283,478.59 million in Q1 2024, representing a year-on-year growth of 30.80%[15]. - Net profit attributable to shareholders was RMB 18,538.93 million, a decrease of 26.69% compared to the same period last year[15]. - The company's operating profit for the current period is approximately ¥181.29 million, a decrease of 29% compared to ¥254.91 million in the previous period[21]. - Net profit attributable to the parent company is approximately ¥185.39 million, down from ¥252.89 million, representing a decline of 27%[21]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -261,557,797.44, a decline of 159.05% compared to CNY 442,970,089.07 in the previous year[2]. - Cash and cash equivalents increased by 76.26% to ¥2,723,339,280.42 from ¥1,545,064,714.99, primarily due to effective planning in receiving customer payments and borrowing from banks for raw material purchases[9]. - Net cash flow from operating activities decreased by 159.05% to -¥261,557,797.44 from ¥442,970,089.07, primarily due to higher cash payments for raw materials outpacing cash receipts from sales[11]. - Net cash flow from financing activities increased by 139.08% to ¥948,249,999.85 from ¥396,628,196.22, resulting from loans obtained to improve capital utilization[12]. - The total cash and cash equivalents at the end of the period is approximately ¥1.96 billion, down from ¥3.07 billion in the previous period[24]. Assets and Liabilities - Total assets increased by 10.91% to CNY 15,627,859,959.31 from CNY 14,090,590,100.28 at the end of the previous year[2]. - Total liabilities increased to CNY 8,464,593,573.65 from CNY 7,142,830,966.91, indicating a rise in financial obligations[18]. - Deferred tax assets rose by 34.32% to ¥130,631,343.06 from ¥97,255,239.10, due to an increase in deductible losses[9]. - The total current assets reached RMB 13,273,252,718.66, compared to RMB 11,799,274,763.47 at the beginning of the period[16]. Sales and Revenue Growth - The company's sales of smart interactive display products, innovative display products, and smart TVs saw year-on-year revenue growth of 11.28%, 114.62%, and 16.77% respectively[6]. - The shipment volume of smart interactive display products increased by 6.49%, with smart interactive panels growing by 12.97%[15]. - Innovative display products' shipment volume surged by 258.32% year-on-year[15]. - The cost of sales increased by RMB 72,334.45 million, a growth rate of 41.24%, impacting profit margins[15]. Expenses - Operating costs rose by 41.24% to CNY 2,477,335,126.62, primarily due to a 21.59% increase in sales volume and rising prices of liquid crystal panels[7]. - Selling expenses surged by 86.04% to CNY 88,544,089.28, attributed to increased brand promotion and advertising costs[6]. - Research and development expenses increased to CNY 138,232,002.02, compared to CNY 112,935,631.82 in the previous year, reflecting a 22.4% rise[19]. - Employee compensation payable decreased by 56.25% to ¥97,795,734.52 from ¥223,537,817.31, mainly due to the payment of annual bonuses for 2023[9]. Investment and Financing - Investment income increased by 235.44% to CNY 3,492,098.05, driven by higher financial management returns[6]. - The company received cash from borrowings amounting to approximately ¥759 million, compared to ¥180.67 million in the previous period, indicating a significant increase[24]. - The company reported a total revenue from sales of goods and services of approximately ¥4.12 billion, an increase from ¥2.68 billion in the previous period[23].
康冠科技(001308) - 2024 Q1 - 季度财报