菱电电控(688667) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥256,456,534.17, representing a year-on-year increase of 10.39%[2] - The net profit attributable to shareholders decreased by 97.22% to ¥378,174.20 compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥1,448,566.24, a decline of 116.45% year-on-year[2] - The basic and diluted earnings per share were both ¥0.01, down 96.15% from the previous year[2] - Total operating costs for Q1 2024 were CNY 263,492,707.79, up from CNY 228,616,714.69 in Q1 2023, representing a 15.2% increase[16] - Net profit for Q1 2024 was CNY 378,174.20, a significant decrease from CNY 13,606,170.63 in Q1 2023[17] - The basic and diluted earnings per share for Q1 2024 were CNY 0.01, down from CNY 0.26 in Q1 2023[18] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,043,188,456.87, a decrease of 2.42% from the end of the previous year[2] - Total current assets as of March 31, 2024, amount to ¥1,581,995,176.60, a decrease from ¥1,634,886,626.11 as of December 31, 2023, reflecting a decline of approximately 3.8%[12] - The total liabilities decreased to CNY 437,326,377.84 in Q1 2024 from CNY 502,259,490.87 in Q1 2023, a reduction of 12.9%[15] - The total equity attributable to shareholders increased to CNY 1,605,862,079.03 in Q1 2024 from CNY 1,591,633,254.61 in Q1 2023, showing a growth of 0.9%[15] Cash Flow - The company experienced a significant increase in cash flow from operating activities, with a net cash flow of ¥2,803,968.53[2] - Cash flow from operating activities for Q1 2024 was CNY 177,304,111.58, compared to CNY 114,766,776.72 in Q1 2023, indicating a 54.5% increase[20] - In Q1 2024, the net cash flow from operating activities was $2,803,968.53, a significant improvement compared to a net outflow of $66,551,521.80 in Q1 2023[21] - The total cash inflow from operating activities included CNY 1,769,184.60 from other operating-related cash in Q1 2024, compared to CNY 15,031,270.79 in Q1 2023[20] - The total cash outflow from operating activities was $174,500,143.05, slightly decreased from $181,318,298.52 in the previous year[21] Research and Development - Research and development expenses totaled ¥47,638,028.46, accounting for 18.58% of operating revenue, an increase of 1.21 percentage points[2] - Research and development expenses increased to CNY 47,638,028.46 in Q1 2024, compared to CNY 40,345,677.19 in Q1 2023, reflecting a growth of 18.1%[16] Operational Challenges - The company attributed the decline in net profit to reduced installation volumes in the commercial vehicle EMS business and increased costs due to expanded operations and personnel[6] - The company reported a significant increase in credit impairment losses, amounting to CNY 6,413,562.35 in Q1 2024, compared to CNY 440,357.27 in Q1 2023[17] Strategic Focus - The company plans to continue focusing on R&D and market expansion despite the current financial challenges[6] - The company continues to focus on enhancing its product offerings and market expansion strategies[11] - The company did not report any new product launches or significant market expansion strategies in this quarter[21] Shareholder Information - The company has no significant changes in the top 10 shareholders or their shareholding structure compared to the previous period[11] - The company reported no participation in margin financing or securities lending activities by major shareholders[11] - The company maintains a stable cash position with no significant short-term borrowings reported[13] Non-Recurring Gains - Non-recurring gains totaled ¥1,826,740.44, primarily from government subsidies and other operational activities[6]