宏达高科(002144) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was CNY 120,997,467.59, representing a 0.70% increase compared to CNY 120,153,487.21 in the same period last year[5]. - Net profit attributable to shareholders was CNY 17,877,888.35, up 3.80% from CNY 17,223,917.74 year-on-year[5]. - The company's net profit for Q1 2024 was CNY 18,056,268.14, an increase from CNY 17,522,185.87 in Q1 2023, representing a growth of approximately 3.06%[18]. - Operating revenue for Q1 2024 was CNY 134,889,551.28, compared to CNY 131,195,516.79 in Q1 2023, indicating a year-over-year increase of about 2.06%[21]. - The total operating profit for Q1 2024 was CNY 20,554,810.76, compared to CNY 19,705,509.83 in Q1 2023, marking an increase of approximately 4.31%[18]. - The total comprehensive income for Q1 2024 was CNY 6,724,068.14, compared to CNY 19,325,035.87 in Q1 2023, indicating a significant decrease[19]. Cash Flow and Assets - The net cash flow from operating activities increased by 15.02% to CNY 19,135,862.21 from CNY 16,636,610.36 in the previous year[5]. - Cash and cash equivalents increased by 803.02% to CNY 123,239,403.06, primarily due to net increases from investment and financing activities[9]. - Cash and cash equivalents increased to RMB 657,844,131.12 from RMB 536,148,860.18, representing a growth of 22.67%[14]. - The cash and cash equivalents at the end of Q1 2024 amounted to CNY 657,803,156.18, an increase from CNY 512,266,644.24 at the end of Q1 2023, representing a growth of approximately 28.38%[22]. - Total assets as of March 31, 2024, were CNY 2,228,108,415.79, a 2.66% increase from CNY 2,170,375,592.53 at the end of the previous year[5]. - Total current assets rose to RMB 916,204,064.93, up 9.34% from RMB 838,089,609.64 at the beginning of the period[15]. - Total assets increased to RMB 2,228,108,415.79 from RMB 2,170,375,592.53, reflecting a growth of 2.65%[16]. Liabilities and Shareholder Information - Total liabilities increased to RMB 220,487,529.96 from RMB 169,478,774.84, an increase of 30.06%[16]. - The number of ordinary shareholders at the end of the reporting period was 17,473, with the largest shareholder holding 24.10% of the shares[10]. - The company's major shareholder, Mr. Shen Guofu, increased his stake by acquiring 1,305,700 shares, bringing his total ownership to 42,600,090 shares, or 24.10% of the total share capital[12]. - Short-term borrowings surged by 725.52% to CNY 83,590,847.81, attributed to new low-interest bank loans[9]. Expenses and Financial Costs - Total operating costs decreased to RMB 104,055,545.06, down 2.58% from RMB 106,830,552.14 in the previous year[17]. - The company experienced a 139.25% increase in financial expenses, mainly due to increased foreign exchange gains[9]. - The company's tax expenses for Q1 2024 were CNY 2,514,074.23, up from CNY 2,133,700.40 in Q1 2023, reflecting an increase of about 17.80%[18]. - The company reported a financial expense of CNY -2,320,733.43 in Q1 2024, compared to CNY -970,017.78 in Q1 2023, reflecting a worsening in financial costs[18]. Investments and R&D - The company holds a long-term equity investment of RMB 430,578,066.76, slightly up from RMB 428,401,115.84[15]. - Research and development expenses for Q1 2024 were CNY 6,664,605.96, slightly higher than CNY 6,559,933.54 in Q1 2023, showing an increase of about 1.60%[18]. - The company achieved an investment income of CNY 2,210,483.00 in Q1 2024, down from CNY 4,051,036.65 in Q1 2023, indicating a decline of about 45.49%[18]. Government Subsidies - The company received government subsidies amounting to CNY 688,457.24, a decrease of 28.14% compared to the previous year[9]. IPO Activity - The company is involved in the initial public offering of Zhejiang Fute Technology Co., Ltd., which received approval from the China Securities Regulatory Commission[12].