GRIPM(SH:688456)2024-04-29 09:16Financial Performance - The company's operating revenue for Q1 2024 was ¥661,188,774.72, representing an increase of 8.76% compared to the same period last year[5]. - The net profit attributable to shareholders decreased by 8.44% to ¥9,778,867.36, while the net profit after deducting non-recurring gains and losses fell by 37.29% to ¥6,186,262.87[5][6]. - Basic and diluted earnings per share were both ¥0.09, down 10.00% from the previous year[6]. - The company reported a year-on-year revenue growth of 9% in Q1 2024, with sales volume increasing by 11%[12]. - Net profit for Q1 2024 was ¥9,919,482.48, a decrease of 11.0% from ¥11,139,780.53 in Q1 2023[20]. - Earnings per share for Q1 2024 were ¥0.09, down from ¥0.10 in Q1 2023[21]. - The company reported a decrease in other comprehensive income, with a net amount of -¥2,334,441.74 in Q1 2024 compared to ¥3,119,174.40 in Q1 2023[21]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥76,162,018.24, showing a slight improvement of 1.80% year-on-year[5]. - Cash inflow from investment activities totaled $60.19 million, a significant increase from $11.73 million in the prior quarter[24]. - The total cash and cash equivalents at the end of the period were $153.23 million, compared to $193.75 million at the end of the previous quarter[25]. - The cash inflow from operating activities was $501.85 million, compared to $474.17 million in the previous quarter[24]. - The company reported a cash outflow of $578.01 million from operating activities, an increase from $551.72 million in the previous quarter[24]. - The impact of exchange rate changes on cash and cash equivalents was -$140.66 thousand, contrasting with a positive impact of $579.74 thousand in the previous quarter[25]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,601,796,832.33, reflecting a 1.32% increase from the end of the previous year[6]. - Total liabilities as of Q1 2024 amounted to ¥416,314,842.36, up from ¥403,167,396.81 in the previous year[17]. - The total assets of the company reached ¥1,601,796,832.33, up from ¥1,580,944,413.19, indicating a growth of approximately 1.4%[15]. - The company’s non-current assets totaled ¥495,902,024.51, slightly down from ¥502,147,184.42, reflecting a decrease of about 1.5%[15]. - The total equity for Q1 2024 was ¥1,185,481,989.97, compared to ¥1,177,777,016.38 in Q1 2023, reflecting a slight increase of 0.6%[17]. Expenses and Costs - Total operating costs for Q1 2024 were ¥652,853,196.03, up from ¥594,107,285.25 in Q1 2023, reflecting a year-over-year increase of 9.8%[19]. - Research and development expenses totaled ¥24,656,355.62, accounting for 3.73% of operating revenue, which is an increase of 0.48 percentage points year-on-year[6]. - Research and development expenses for Q1 2024 totaled ¥24,656,355.62, an increase of 24.5% from ¥19,774,462.14 in Q1 2023[19]. - The company’s financial expenses for Q1 2024 were ¥977,620.40, an increase from ¥630,732.96 in Q1 2023[20]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,220[10]. - The weighted average return on equity was 0.84%, down 11.58% compared to the previous year[6]. Government Support and Market Conditions - The company received government subsidies amounting to ¥6,336,680.87, which positively impacted the financial results[7]. - The company faced a decline in profits due to fluctuations in raw material prices in the copper substrate sector and decreased export demand in the tin substrate sector[12]. - The company is actively expanding into new fields and markets to cultivate new productive forces[12]. Inventory and Receivables - Accounts receivable increased significantly to ¥321,347,675.66 from ¥189,895,364.92, marking a rise of about 69%[15]. - The company reported a decrease in inventory to ¥226,833,050.25 from ¥242,118,702.78, a reduction of about 6.3%[15]. Financing Activities - The company has not engaged in any financing or securities lending activities during the reporting period[12]. - The net cash flow from financing activities was $4.89 million, down from $71.70 million in the previous quarter[25]. - The company received $77.18 million in borrowings, a decrease from $95.08 million in the previous quarter[25]. - Cash outflow for purchasing fixed assets and intangible assets was $10.14 million, down from $35.87 million in the prior quarter[24]. - The company paid $70.70 million in debt repayments, significantly higher than $22.34 million in the previous quarter[25]. Derivative Financial Assets - The company’s derivative financial assets increased to ¥60,693,897.00 from ¥4,755,625.42, showing a substantial rise[14].