航天环宇(688523) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 reached ¥43,605,579.70, representing a year-on-year increase of 71.79%[4] - Net profit attributable to shareholders decreased by 27.27% to ¥4,052,850.90, while the net profit after deducting non-recurring gains and losses was -¥2,100,663.20[4] - Basic and diluted earnings per share were both ¥0.01, reflecting a decline of 34.21% compared to the previous year[5] - Total operating revenue for Q1 2024 reached ¥43,605,579.70, a significant increase of 72% compared to ¥25,383,076.83 in Q1 2023[19] - Net profit for Q1 2024 was ¥4,504,789.62, down 14% from ¥5,288,880.41 in Q1 2023[20] - Earnings per share for Q1 2024 were ¥0.0100, compared to ¥0.0152 in Q1 2023, indicating a decrease of 34.2%[20] Expenses and Costs - Research and development expenses totaled ¥9,485,758.46, accounting for 21.75% of operating revenue, a decrease of 11.81 percentage points year-on-year[5] - Total operating costs for Q1 2024 were ¥48,599,346.36, up from ¥27,505,900.03 in Q1 2023, reflecting a 76.7% increase[19] - Research and development expenses for Q1 2024 were ¥9,485,758.46, compared to ¥8,517,940.83 in Q1 2023, marking an increase of 11.4%[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,243,034,024.26, down 3.67% from the end of the previous year[5] - Total assets as of Q1 2024 amounted to ¥2,243,034,024.26, a decrease from ¥2,328,537,273.14 in the previous year[17] - Total liabilities for Q1 2024 were ¥555,124,088.43, down from ¥626,166,475.61 in Q1 2023, showing a reduction of 11.4%[17] - Non-current assets totaled ¥913,887,704.01 in Q1 2024, an increase from ¥856,727,699.07 in Q1 2023, reflecting a growth of 6.7%[17] Cash Flow - The company reported a net cash flow from operating activities of -¥69,568,994.32, indicating a significant cash outflow[4] - Cash flow from operating activities for Q1 2024 showed a positive trend, indicating improved liquidity management compared to the previous quarter[21] - In Q1 2024, the company reported cash inflows from operating activities of ¥60,359,257.66, an increase of 64.5% compared to ¥36,699,693.61 in Q1 2023[23] - The net cash flow from operating activities was -¥69,568,994.32, an improvement from -¥85,117,602.05 in the same period last year[23] - The company experienced a total net decrease in cash and cash equivalents of -¥141,672,129.61 in Q1 2024, compared to -¥127,611,830.39 in Q1 2023[24] Share Repurchase - The company repurchased a total of 910,000 shares, representing 0.22% of the total share capital, with a total expenditure of approximately RMB 18,897,900[13] - The maximum repurchase price was RMB 22.37 per share, while the minimum was RMB 18.00 per share[13] - The company plans to use the repurchased shares for employee stock ownership plans or equity incentives[12] - The total amount allocated for the share repurchase is between RMB 50 million and RMB 100 million[12] Inventory and Receivables - The company reported an increase in inventory to RMB 152,050,817.89 from RMB 126,854,567.46, marking a rise of approximately 19.8%[15] - Accounts receivable increased to RMB 328,656,211.99 from RMB 315,048,511.31, showing a growth of about 4.1%[15] - The company’s other receivables rose to RMB 4,203,839.45 from RMB 2,616,669.70, indicating a growth of about 60.6%[15] Non-Recurring Gains - Non-recurring gains included government subsidies amounting to ¥2,814,508.83 and fair value changes of financial assets totaling ¥4,420,462.73[6] Revenue Drivers - The increase in operating revenue was primarily driven by higher sales in aerospace equipment[7] - The decline in net profit was attributed to changes in product pricing and structure, increased management and R&D expenses[7] Cash and Cash Equivalents - The company's cash and cash equivalents were RMB 145,320,847.52, down from RMB 290,675,168.20, indicating a decline of 50%[15] - The ending balance of cash and cash equivalents was ¥138,062,212.71, up from ¥36,700,855.64 in Q1 2023[24] Accounting Standards - The company has not adopted new accounting standards for the current year, maintaining consistency in financial reporting[24]