微创光电(430198) - 2024 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders was a loss of CNY 43,625,309.86, a decline of 40.15% year-on-year[14] - Operating revenue increased by 114.65% to CNY 24,362,203.60, attributed to the recognition of revenue from projects delayed from the previous year[14] - The net loss for Q1 2024 was ¥43,625,309.86, compared to a net loss of ¥31,127,701.12 in Q1 2023, reflecting a deterioration of approximately 40%[33] - Total revenue for Q1 2024 reached ¥24,362,203.60, a significant increase from ¥11,349,699.48 in Q1 2023, representing a growth of approximately 115.4%[32] - Total operating costs for Q1 2024 were ¥33,531,302.11, up from ¥23,437,693.15 in Q1 2023, indicating an increase of about 43.2%[32] - The total comprehensive income attributable to the parent company was -43,625,309.86 CNY, compared to -31,127,701.12 CNY in the same period last year[34] - Basic earnings per share were -0.27 CNY[34] Assets and Liabilities - Total assets decreased by 17.17% to CNY 631,423,258.49 compared to the end of last year[12] - The company's total liabilities decreased from ¥323,837,625.92 to ¥236,615,580.00, a decline of approximately 26.9%[31] - Current liabilities decreased significantly from ¥265,896,075.43 to ¥163,674,029.51, a reduction of approximately 38.5%[31] - Long-term borrowings increased from ¥32,000,000.00 to ¥47,000,000.00, representing a growth of about 46.9%[31] - The company's equity decreased from ¥438,432,988.35 to ¥394,807,678.49, a decline of about 9.9%[31] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 63,871,012.48, a decrease of 42.22% compared to the same period last year[12] - Cash inflow from operating activities totaled 54,895,193.33 CNY, down from 91,927,868.69 CNY year-over-year[34] - Cash outflow from operating activities was 118,766,205.81 CNY, compared to 136,837,710.90 CNY in the previous year[34] - Net cash flow from operating activities was -63,871,012.48 CNY, worsening from -44,909,842.21 CNY year-over-year[34] - Cash inflow from investment activities was 167,742.26 CNY, up from 50,565.60 CNY in the previous year[35] - Cash outflow from investment activities was 2,447,782.37 CNY, down from 12,116,076.29 CNY year-over-year[35] - Net cash flow from investment activities was -2,280,040.11 CNY, compared to -12,065,510.69 CNY in the previous year[35] - Cash inflow from financing activities was 29,500,000.00 CNY, down from 45,918,735.60 CNY year-over-year[35] - The ending cash and cash equivalents balance was 68,375,097.04 CNY, significantly down from 232,582,522.98 CNY in the previous year[35] Shareholder Information - The number of ordinary shareholders increased to 6,645 by the end of the reporting period[19] - The total number of shares held by the top ten shareholders is 113,446,743, representing 70.29% of the total shares[20] - The largest shareholder, Hubei Jiaotou Capital Investment Co., Ltd., holds 37,237,800 shares, accounting for 23.08% of the total[20] Other Financial Metrics - Significant decrease in cash and cash equivalents by 55.00% to CNY 68,375,097.04 due to repayment of bank loans[13] - Short-term borrowings decreased by 46.09% to CNY 36,833,049.44 as a result of loan repayments[13] - The company reported a substantial increase in financial expenses by 581.17% to CNY 565,991.63 due to increased borrowings[14] - The company recorded a significant increase in credit impairment losses by 108.16% to CNY -40,907,179.35, primarily due to poor collection of receivables[14] - Accounts receivable decreased from 198,175,281.29 yuan to 146,938,951.59 yuan, a reduction of about 26%[29] - Inventory increased from 99,969,717.06 yuan to 110,349,931.34 yuan, an increase of approximately 10.4%[29] Legal and Compliance - The company has no major litigation or arbitration matters during the reporting period[25] - The company has fulfilled its previously disclosed commitments in a timely manner[25] - The company has engaged in daily related transactions within the expected amount range as approved in the shareholder meetings[25] - The company reported a significant dispute regarding the "Dual Carbon Green Energy Center Project," leading to full provision for bad debts related to this project[26] Research and Development - Research and development expenses for Q1 2024 were ¥6,022,263.21, slightly down from ¥6,936,018.25 in Q1 2023, indicating a decrease of about 13.2%[32] Deferred Tax Assets - The deferred tax assets increased from ¥14,519,179.52 to ¥20,629,289.22, an increase of approximately 42.3%[30]