格科微(688728) - 2024 Q1 - 季度财报

Financial Performance - In Q1 2024, the company achieved operating revenue of CNY 1,289,489,531, representing a year-on-year increase of 51.13%[6] - The net profit attributable to shareholders was CNY 30,163,398, marking a significant turnaround from the previous year[10] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 11,973,918, also indicating a substantial improvement[10] - The total operating revenue for Q1 2024 was CNY 1,289,489,531, a significant increase from CNY 853,204,583 in Q1 2023, representing a growth of approximately 51.1%[26] - The net profit for Q1 2024 was CNY 30,163,398, a recovery from a net loss of CNY 129,193,711 in Q1 2023[27] - The total comprehensive income for Q1 2024 was CNY 28,211,659, a significant improvement from a loss of CNY 117,038,964 in Q1 2023[28] - The basic earnings per share for Q1 2024 were CNY 0.01, compared to a loss of CNY 0.05 per share in Q1 2023[28] Research and Development - Research and development expenses totaled CNY 201,214,604, accounting for 15.60% of operating revenue, despite a decrease of 0.88 percentage points year-on-year[7] - Research and development expenses for Q1 2024 were CNY 201,214,604, up from CNY 140,649,399 in Q1 2023, indicating a rise of about 43%[26] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of -CNY 370,813,656, primarily due to increased inventory procurement for high-pixel products[11] - Cash inflow from operating activities for Q1 2024 was $1,650,948,722, an increase of 11.4% compared to $1,482,317,162 in Q1 2023[31] - Net cash outflow from operating activities for Q1 2024 was -$370,813,656, compared to -$18,503,461 in Q1 2023, indicating a significant decline in operational cash flow[31] - Cash and cash equivalents as of March 31, 2024, amounted to ¥4,280,855,787, compared to ¥4,318,382,796 as of December 31, 2023[22] - The company's cash and cash equivalents increased to CNY 10,428,331,970 in Q1 2024 from CNY 9,788,688,196 in Q1 2023, marking a growth of approximately 6.5%[25] - Cash inflow from financing activities for Q1 2024 was $2,470,243,764, compared to $2,340,246,942 in Q1 2023, showing a growth of 5.6%[32] - Net cash flow from financing activities for Q1 2024 was $524,862,926, down from $616,816,004 in Q1 2023, indicating a decrease in financing efficiency[32] - Cash and cash equivalents at the end of Q1 2024 totaled $4,110,223,136, a decrease from $3,613,445,714 at the end of Q1 2023[32] Assets and Liabilities - The total assets at the end of the reporting period were CNY 20,738,530,203, reflecting a 2.65% increase from the end of the previous year[7] - The company's total assets as of Q1 2024 amounted to CNY 20,738,530,203, up from CNY 20,203,228,116 in the previous year, reflecting an increase of approximately 2.6%[25] - The total liabilities for Q1 2024 were CNY 12,848,207,397, compared to CNY 12,323,360,149 in Q1 2023, showing an increase of about 4.3%[24] - The accounts receivable as of March 31, 2024, totaled ¥364,608,532, slightly down from ¥372,758,315 as of December 31, 2023[22] - The prepayments increased to ¥76,969,711 as of March 31, 2024, from ¥64,036,684 as of December 31, 2023[22] - The company reported a decrease in accounts payable to CNY 685,805,010 in Q1 2024 from CNY 788,290,672 in Q1 2023, a reduction of approximately 13.1%[24] Shareholder Information - The total number of shares held by the top 10 unrestricted shareholders includes 175,000,000 shares from Keenway International Limited and 164,990,000 shares from Hopefield Holding Limited[15] - The total number of unrestricted circulating shares held by the top 10 shareholders is 57,825,627 shares for China Merchants Bank Co., Ltd. - Huaxia SSE Sci-Tech Innovation Board 50 ETF[15] - The total number of shares held by ZHAOHUI WANG is 35,500,000 shares[15] - The total number of shares held by Shanghai Chengyuan Technology Partnership (Limited Partnership) is 35,946,420 shares[15] - The total number of shares held by Hong Kong Central Clearing Limited is 33,162,484 shares[15] Operational Efficiency - The gross profit margin remained stable at 25.26% after considering depreciation following the completion of fundraising projects[12] - Management expenses decreased by approximately CNY 80,673,400, mainly due to the cessation of startup costs after project completion[11] - The company successfully expanded its high-pixel product line, with over CNY 200 million in revenue contributed by products with pixel counts above 13 million in Q1[11] - The initial lending balance for China Merchants Bank Co., Ltd. - Huaxia SSE Sci-Tech Innovation Board 50 ETF was 4,217,500 shares, which decreased to 1,081,100 shares by the end of the period[17] - The initial lending balance for Industrial and Commercial Bank of China Co., Ltd. - E Fund SSE Sci-Tech Innovation Board 50 ETF was 2,396,100 shares, which decreased to 675,200 shares by the end of the period[17] Tax and Other Income - The company reported a significant increase in tax refunds received, amounting to $183,996,162 in Q1 2024, compared to $82,130,722 in Q1 2023, representing a growth of 124.5%[31] - Cash inflow of $1,000,000 from the disposal of fixed assets in Q1 2024, marking a new revenue stream[31] - The impact of exchange rate changes on cash and cash equivalents was a positive $70,628 in Q1 2024, compared to a negative impact of -$648,944 in Q1 2023[32]