Financial Performance - Operating revenue for Q1 2024 was CNY 626,239,260.71, representing an increase of 8.62% year-over-year[10] - Net profit attributable to shareholders for Q1 2024 was CNY 6,090,469.38, a decline of 48.56% compared to the same period last year[10] - The weighted average return on equity based on net profit attributable to shareholders was 0.72%, down from 1.45% in the previous year[10] - Total operating revenue for Q1 2024 reached ¥626,239,260.71, an increase of 8.64% compared to ¥576,534,231.23 in Q1 2023[39] - Net profit for Q1 2024 was ¥5,950,885.14, a decrease of 49.73% from ¥11,839,378.56 in Q1 2023[39] - Earnings per share for Q1 2024 was ¥0.0609, down from ¥0.1184 in Q1 2023[40] - Net profit for Q1 2024 was a loss of $9.80 million, improving from a loss of $20.39 million in Q1 2023[44] - Total comprehensive income for Q1 2024 was a loss of $9.80 million, compared to a loss of $20.39 million in Q1 2023[44] - The company reported a total profit loss of $11.52 million in Q1 2024, an improvement from a loss of $23.99 million in Q1 2023[43] Cash Flow - The net cash flow from operating activities was CNY -1,388,802.37, a decrease of 103.51% year-over-year[10] - Cash flow from operating activities showed a net outflow of $1.39 million in Q1 2024, compared to a net inflow of $39.56 million in Q1 2023[47] - Operating cash flow for Q1 2024 was negative at -25,009,055.79 CNY, an improvement from -104,561,199.40 CNY in Q1 2023, indicating a 76.1% reduction in cash outflow[50] - Total cash inflow from operating activities increased to 312,276,944.08 CNY in Q1 2024, up from 261,706,624.45 CNY in Q1 2023, representing a growth of 19.3%[50] - Cash outflow from operating activities decreased to 337,285,999.87 CNY in Q1 2024, compared to 366,267,823.85 CNY in Q1 2023, reflecting a decrease of 7.9%[50] - Investment activities generated a net cash inflow of 30,000,000.00 CNY in Q1 2024, a significant recovery from a net outflow of -5,387,787.11 CNY in Q1 2023[50] - Cash and cash equivalents at the end of Q1 2024 stood at 213,459,609.06 CNY, an increase from 196,429,358.14 CNY at the end of Q1 2023, marking an increase of 8.5%[50] - The net increase in cash and cash equivalents for Q1 2024 was 3,473,135.40 CNY, contrasting with a significant decrease of -113,910,155.18 CNY in Q1 2023[50] Assets and Liabilities - Total assets as of March 31, 2024, were CNY 1,383,036,927.03, a decrease of 1.89% compared to the end of 2023[10] - The company’s total liabilities to assets ratio (consolidated) was 38.93%, a decrease from 40.54% at the end of 2023[10] - Total current assets as of March 31, 2024, amounted to ¥1,350,507,176.03, a slight increase from ¥1,325,567,744.16 as of December 31, 2023, representing a growth of approximately 1.4%[32] - Total liabilities increased to ¥538,401,596.41 as of March 31, 2024, compared to ¥571,476,065.64 at the end of December 2023, showing a decrease of about 5.8%[34] - Total equity attributable to shareholders rose to ¥844,410,738.36 from ¥837,837,708.05, marking an increase of approximately 0.7%[34] - The company's fixed assets increased to ¥1,233,735.35 from ¥1,121,230.03, representing a growth of about 10%[32] - The total assets as of March 31, 2024, were ¥1,383,036,927.03, a slight increase from ¥1,409,677,950.19 as of December 31, 2023[34] - Total liabilities increased to ¥297,113,768.25 in Q1 2024 from ¥249,098,737.72 in Q1 2023, reflecting a growth of 19.29%[37] - Total equity decreased to ¥660,332,179.44 in Q1 2024 from ¥670,127,671.63 in Q1 2023, a decline of 1.19%[37] Research and Development - Research and development expenses decreased by 29.75% to CNY 13,645,523.12 due to reduced outsourcing[12] - Research and development expenses for Q1 2024 were ¥13,645,523.12, down 29.83% from ¥19,425,269.67 in Q1 2023[39] - Research and development expenses decreased to $11.38 million in Q1 2024 from $16.56 million in Q1 2023, a reduction of 31.5%[43] Shareholder Information - The number of ordinary shareholders was 8,466 as of the report date[17] - The company has a total of 51,847,302 shares held by the top ten shareholders, representing 51.8474% of total shares[19] - The largest shareholder, Suzhou Haixin Information Technology Co., holds 28,943,578 shares, accounting for 28.9436% of total shares[18] - The company has committed to an employee stock ownership plan, with 480,000 shares allocated, representing 0.7680% of total shares post-issuance[26] Other Financial Activities - The company has projected a total of 900 million yuan for related party transactions in 2024, with actual transactions in Q1 2024 amounting to 105,115,784.53 yuan[25] - The company has a planned expenditure of 50 million yuan for purchasing raw materials and services in 2024[25] - The company has disclosed that all previously announced commitments are being fulfilled without violations[27] - There were no significant changes in litigation or arbitration matters during the reporting period[23] - The company has not engaged in any external loan activities during the reporting period[24] - The company has reported no pledges or judicial freezes on shares held by shareholders[20] - The company has not reported any significant changes in external guarantee matters during the reporting period[24] Income and Expenses - Total operating costs for Q1 2024 were ¥623,551,580.24, up 11.43% from ¥559,713,514.57 in Q1 2023[39] - Financial expenses increased to ¥4,901,700.93 in Q1 2024 from ¥1,976,119.38 in Q1 2023, marking a rise of 147.80%[39] - The company incurred sales expenses of $15.48 million in Q1 2024, down from $18.11 million in Q1 2023, a decrease of 14.4%[43] - The company's financial expenses included interest expenses of $1.18 million in Q1 2024, compared to $20,271.91 in Q1 2023[43] Other Income - The company reported a significant increase in other income, which rose by 793.50% to CNY 1,765,254.79, primarily from government subsidies[12] - Other comprehensive income after tax for Q1 2024 was ¥482,560.93, compared to a loss of ¥3,773,949.57 in Q1 2023[40]
雷神科技(872190) - 2024 Q1 - 季度财报