春秋电子(603890) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 reached ¥909,055,301.71, representing a year-on-year increase of 30.88%[6] - Net profit attributable to shareholders was ¥14,458,992.89, a significant increase of 149.78% compared to the same period last year[6] - The net profit excluding non-recurring gains and losses was ¥6,046,833.39, reflecting a growth of 120.89% year-on-year[6] - Basic earnings per share were ¥0.03, up by 147.05% from the previous year[6] - Total revenue for Q1 2024 reached CNY 909,055,301.71, a 30.9% increase from CNY 694,590,589.54 in Q1 2023[19] - Net profit for Q1 2024 was CNY 5,291,379.95, compared to a net loss of CNY 34,980,438.54 in Q1 2023[20] - Operating profit for Q1 2024 was CNY 11,673,169.81, a significant recovery from an operating loss of CNY 28,236,871.83 in the same period last year[19] - Basic earnings per share for Q1 2024 was CNY 0.03, recovering from a loss of CNY 0.07 per share in Q1 2023[20] - The company reported a total comprehensive income of CNY 6,177,362.95 for Q1 2024, compared to a loss of CNY 35,386,033.08 in Q1 2023[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥6,049,011,249.24, an increase of 5.21% compared to the end of the previous year[6] - Total assets as of March 31, 2024, reached CNY 6,049,011,249.24, an increase from CNY 5,749,329,385.58 as of December 31, 2023, reflecting a growth of approximately 5.22%[15] - Current assets totaled CNY 3,528,172,675.97, up from CNY 3,230,778,677.12, indicating an increase of about 9.2%[16] - Total liabilities increased to CNY 3,528,172,675.97, up from CNY 3,230,778,677.12, indicating a growth of about 9.2%[16] - Total liabilities rose to CNY 3,196,902,192.47 in Q1 2024, compared to CNY 2,903,400,517.47 in Q1 2023, indicating a 10.1% increase[19] Cash Flow - The company's net cash flow from operating activities was ¥123,401,863.85, showing a decrease of 40.91% year-on-year[6] - In Q1 2024, the net cash flow from operating activities was $123.4 million, a decrease of 40.8% compared to $208.8 million in Q1 2023[24] - Total cash inflow from operating activities was $903.0 million, down 16.2% from $1,077.3 million in the same period last year[24] - Cash outflow from operating activities totaled $779.6 million, a reduction of 10.2% compared to $868.5 million in Q1 2023[24] - The net cash flow from investing activities was -$3.7 million, an improvement from -$20.5 million in Q1 2023[25] - Cash inflow from investing activities increased significantly to $216.9 million, compared to $16.0 million in the previous year[25] - Cash outflow from investing activities rose to $220.6 million, up from $36.5 million in Q1 2023[25] - The net cash flow from financing activities was $6.6 million, a sharp decline from $446.9 million in Q1 2023[25] - Total cash inflow from financing activities was $211.2 million, down from $806.1 million in the same quarter last year[25] - The ending cash and cash equivalents balance was $853.7 million, a decrease from $1,028.9 million at the end of Q1 2023[25] - The impact of exchange rate changes on cash and cash equivalents was positive at $7.1 million, compared to a negative impact of $4.8 million in Q1 2023[25] Shareholder Information - The company reported a total of 27,086 common shareholders at the end of the reporting period[12] - The largest shareholder, Xue Gewen, holds 32.89% of the shares, with 70,540,000 shares pledged[12] Operational Insights - The company received government subsidies amounting to ¥12,667,561.75, which are closely related to its normal business operations[6] - The company reported a significant increase in contract liabilities by 90.95%, indicating a rise in pending contractual obligations[9] - The company experienced a 30.67% increase in operating costs, correlating with the growth in revenue due to the recovery in the global electronics market[9] - Research and development expenses increased to CNY 48,690,180.66 in Q1 2024, up from CNY 38,095,387.92 in Q1 2023, reflecting a 27.5% increase[19] - The company has no significant new strategies or product developments mentioned in the report[14]