鼎阳科技(688112) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was CNY 103,844,597.71, representing a year-on-year increase of 1.62%[5] - Net profit attributable to shareholders decreased by 15.33% to CNY 30,374,251.24, while the diluted earnings per share fell by 17.39% to CNY 0.19[5] - Operating profit for Q1 2024 was CNY 33,780,799.98, down 13.1% from CNY 39,015,728.99 in Q1 2023[22] - Net profit for Q1 2024 was CNY 30,374,251.24, a decrease of 15.5% compared to CNY 35,871,817.50 in Q1 2023[23] - The company's operating revenue for Q1 2024 was ¥83,743,619.18, a decrease of 8.0% compared to ¥91,578,049.92 in Q1 2023[32] - Operating profit for Q1 2024 was ¥23,645,880.55, down 38.9% from ¥38,708,516.48 in Q1 2023[33] - Net profit for Q1 2024 was ¥23,017,619.50, a decline of 34.8% compared to ¥35,316,655.84 in Q1 2023[33] Research and Development - Research and development (R&D) expenses totaled CNY 20,836,638.20, accounting for 20.07% of revenue, an increase of 3.67 percentage points year-on-year[6] - Research and development expenses increased to CNY 20,836,638.20 in Q1 2024, up 24.7% from CNY 16,759,415.05 in Q1 2023[22] - Research and development expenses increased to ¥20,836,638.20 in Q1 2024, up 24.8% from ¥16,759,415.05 in Q1 2023[32] - The company plans to continue investing in R&D to drive future growth despite the current decline in profits[37] Product Development and Sales - The company launched two new products, including the SDS7000A series digital oscilloscope and SDM4000A series multimeter, contributing to a significant increase in high-end product sales[9] - Revenue from the company's self-owned brand "SIGLENT" grew by 5.63% year-on-year, highlighting the brand's increasing recognition and market presence[8] Financial Position - Total assets as of Q1 2024 were CNY 1,720,788,259.73, compared to CNY 1,662,861,622.25 in Q1 2023, reflecting a growth of 3.5%[20] - Total liabilities increased to CNY 127,852,457.02 in Q1 2024, up from CNY 100,787,186.50 in Q1 2023, representing a rise of 26.9%[20] - The company's total assets as of March 31, 2024, reached ¥1,705,421,254.75, compared to ¥1,654,036,494.52 at the end of 2023[29] - The total liabilities increased to ¥139,385,251.52 in Q1 2024 from ¥111,425,295.69 in Q4 2023[31] Cash Flow and Liquidity - Cash flow from operating activities was CNY 113,956,070.88 in Q1 2024, down from CNY 118,845,495.24 in Q1 2023[26] - Net cash flow from operating activities for Q1 2024 was ¥20,561,945.82, a significant improvement from a net outflow of ¥15,054,729.22 in Q1 2023[36] - Cash and cash equivalents at the end of Q1 2024 were ¥1,248,459,587.85, an increase from ¥1,219,233,907.17 at the end of Q1 2023[36] - The company's cash and cash equivalents as of March 31, 2024, amount to ¥1,322,139,333.96, an increase from ¥1,308,305,043.22 at the end of 2023[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 3,972[16] - The largest shareholder, Qin Ke, holds 35,527,113 shares, representing 22.32% of the total shares[16] - The top three shareholders, Qin Ke, Shao Haitao, and Zhao Yafeng, are identified as acting in concert[17] Operational Insights - The company had unrecognized revenue from shipped orders amounting to CNY 12,554,600, which could have increased revenue growth to 13.90% if recognized[7] - The gross profit margin improved to 63.10%, up from 59.17% in Q1 2023, reflecting the success of the high-end product strategy[9] - The company experienced a decrease in government subsidies by CNY 3,024,400, impacting net profit[10] - Financial expenses increased by CNY 2,731,200 due to foreign exchange fluctuations, while R&D expenses rose by CNY 4,077,200 as the company focused on innovation and market expansion[10] - Management expenses decreased by 20.23%, indicating effective cost control measures[11] - There are no reminders for investors regarding the company's operational situation during the reporting period[18] - The company has not disclosed any significant new strategies or product developments during the reporting period[18]