Financial Performance - The company's operating revenue for Q1 2024 reached ¥597,800,414.49, representing a year-on-year increase of 31.98%[5] - The net profit attributable to shareholders was ¥58,475,460.53, marking a significant increase of 95.38% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥41,989,077.29, up by 50.97% year-on-year[6] - Basic and diluted earnings per share were both ¥0.37, an increase of 94.74% year-on-year[6] - Operating profit for Q1 2024 was ¥68.80 million, compared to ¥32.47 million in Q1 2023, reflecting a 112% increase[18] - Other income increased significantly to ¥20.84 million in Q1 2024 from ¥0.17 million in Q1 2023[18] Cash Flow and Liquidity - The net cash flow from operating activities was ¥99,771,166.88, reflecting a growth of 63.35% compared to the previous year[6] - In Q1 2024, the company reported a net cash flow from financing activities of $27,639,882.07, a significant improvement compared to a net outflow of $53,515,236.26 in the same period last year[23] - The total cash and cash equivalents at the end of Q1 2024 increased to $509,359,744.07, up from $442,672,232.56 in Q1 2023, reflecting a net increase of $47,711,002.00[23] - The company made cash payments for debt repayment totaling $107,684,333.38 in Q1 2024, compared to $166,669,319.50 in Q1 2023, indicating a reduction in debt servicing[23] - Cash outflows from financing activities totaled $112,673,586.63 in Q1 2024, down from $176,014,640.67 in the same quarter last year, showing improved cash management[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,908,464,832.73, a slight increase of 0.84% from the end of the previous year[6] - The company's total liabilities decreased to RMB 1,539,200,996.42 from RMB 1,579,346,576.68, indicating a decline of approximately 2.5%[16] - The company's equity increased slightly to RMB 1,369,263,836.31 from RMB 1,304,818,980.89, reflecting a growth of about 4.9%[16] - Accounts receivable decreased to RMB 635,046,272.98 from RMB 737,336,114.53, representing a decline of about 13.9%[14] - Inventory increased to RMB 320,557,698.73 from RMB 309,091,197.28, showing a rise of approximately 3.5%[15] Research and Development - Research and development expenses totaled ¥40,290,049.56, accounting for 6.74% of operating revenue, which is a decrease of 0.35 percentage points[6] - Research and development expenses increased to ¥40.29 million in Q1 2024, up from ¥32.09 million in Q1 2023, representing a 25% increase[17] Market and Competitive Position - The automotive market's development and improved product competitiveness were key factors driving revenue growth and profit margins[9] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[20] Other Information - The company received government subsidies amounting to ¥19,442,800.00, which positively impacted the net profit[7] - The company has not disclosed any new product developments or market expansion strategies in this report[13] - There are no significant changes in the shareholding structure or major shareholder activities reported for this quarter[13] - The company did not apply new accounting standards or interpretations for the first time in 2024, ensuring consistency in financial reporting[23]
上声电子(688533) - 2024 Q1 - 季度财报