Cybrid(SH:603212)2024-04-29 11:57Financial Performance - The company's operating revenue for Q1 2024 was ¥885,342,522.82, representing a decrease of 14.93% compared to the same period last year[4] - The net profit attributable to shareholders was ¥28,550,377.85, down 13.98% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥27,982,928.73, a decrease of 8.03%[4] - The basic and diluted earnings per share were both ¥0.06, reflecting a decline of 25.00%[4] - Total operating revenue for Q1 2024 was ¥885,342,522.82, a decrease of 15% compared to ¥1,040,696,371.49 in Q1 2023[20] - Net profit for Q1 2024 was ¥28,124,900.38, a decline of 15% from ¥33,078,317.09 in Q1 2023[22] - Earnings per share for Q1 2024 were ¥0.06, compared to ¥0.08 in Q1 2023, indicating a 25% decrease[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,095,943,622.85, an increase of 3.11% from the end of the previous year[4] - Total assets increased to ¥5,095,943,622.85 in Q1 2024 from ¥4,942,040,470.74 in Q1 2023, representing a growth of approximately 3.1%[17] - Total liabilities rose to ¥2,066,759,297.86 in Q1 2024, up from ¥1,946,505,015.18 in Q1 2023, marking an increase of about 6.1%[17] - Non-current assets totaled ¥1,409,334,581.17 in Q1 2024, compared to ¥1,355,860,114.00 in Q1 2023, reflecting an increase of approximately 3.9%[17] Cash Flow - The net cash flow from operating activities was negative at -¥25,198,831.53, indicating a significant cash outflow[4] - Cash inflow from operating activities for Q1 2024 was $859.78 million, an increase of 22.2% compared to $703.53 million in Q1 2023[25] - Cash outflow from operating activities for Q1 2024 was $884.98 million, down 13.5% from $1.02 billion in Q1 2023[25] - Net cash flow from operating activities improved to -$25.20 million in Q1 2024, compared to -$319.21 million in Q1 2023[25] - Cash inflow from investment activities was $20.00 million in Q1 2024, a decrease of 79.5% from $97.19 million in Q1 2023[25] - Cash outflow from investment activities decreased to $102.47 million in Q1 2024 from $179.82 million in Q1 2023[25] - Net cash flow from investment activities was -$82.47 million in Q1 2024, slightly improved from -$82.64 million in Q1 2023[25] - Cash inflow from financing activities increased to $298.02 million in Q1 2024, up from $251.46 million in Q1 2023[26] - Net cash flow from financing activities rose to $86.21 million in Q1 2024, compared to $60.64 million in Q1 2023[26] - The ending cash and cash equivalents balance for Q1 2024 was $698.63 million, compared to $525.28 million in Q1 2023, reflecting a significant increase[26] - The company reported a negative impact of $996.13 thousand from exchange rate fluctuations on cash and cash equivalents in Q1 2024[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 46,836[9] - The company’s major shareholders include Suzhou High-tech Zone Fanyang Technology Development Co., Ltd., holding 115,968,024 shares, which represents a significant portion of the equity[11] - The top ten shareholders collectively hold a substantial amount of shares, with the largest shareholder holding approximately 26.51% of the total shares[11] - The company has not reported any significant changes in the shareholding structure or any new strategic initiatives during the reporting period[13] Operational Insights - The decline in revenue was primarily due to a decrease in the sales volume of photovoltaic products[7] - The company received government subsidies amounting to ¥2,986,712.09, which positively impacted the financial results[6] - The company reported a decrease in research and development expenses to ¥33,833,892.52 in Q1 2024 from ¥41,503,914.93 in Q1 2023, a reduction of about 18.6%[21] Current Assets - The total current assets as of March 31, 2024, amounted to RMB 3,686,609,041.68, an increase from RMB 3,586,180,356.74 as of December 31, 2023, reflecting a growth of approximately 2.8%[15] - Cash and cash equivalents decreased to RMB 716,403,924.29 from RMB 757,744,812.29, indicating a decline of about 5.4%[15] - Accounts receivable decreased from RMB 1,463,216,822.57 to RMB 1,317,402,017.73, a reduction of approximately 10%[15] - Inventory decreased from RMB 699,134,718.43 to RMB 663,873,962.09, showing a decline of about 5%[15] - The total amount of financial assets held for trading increased to RMB 30,000,000.00 from RMB 20,664,444.44, representing a growth of approximately 45%[15] - The company reported a significant increase in prepayments, rising from RMB 59,919,545.07 to RMB 142,021,023.91, which is an increase of approximately 137%[15] - The total non-current assets were not detailed in the provided data, indicating a need for further information on long-term investments and assets[15]