长鸿高科(605008) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 reached ¥771,102,071.99, representing a year-on-year increase of 105.36%[5] - The net profit attributable to shareholders decreased by 15.71% to ¥64,520,522.67 compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 88.42% to ¥41,639,685.18[5] - The diluted earnings per share for the period was ¥0.10, a decrease of 16.67% year-on-year[6] - The company's net profit for Q1 2024 was CNY 64,549,682.52, a decrease of 15.6% compared to CNY 76,524,528.49 in Q1 2023[21] - Operating profit for Q1 2024 was CNY 72,004,023.65, down from CNY 90,166,476.62 in the same period last year, reflecting a decline of 20.2%[21] - Total revenue from sales and services received in Q1 2024 was CNY 487,098,197.19, an increase of 50.5% from CNY 323,776,548.10 in Q1 2023[24] Cash Flow and Expenses - The net cash flow from operating activities was negative at -¥62,494,901.59, a decline of 137.58% year-on-year, primarily due to increased raw material payments[10] - The net cash flow from operating activities for Q1 2024 was negative CNY 62,494,901.59, compared to positive CNY 166,296,938.03 in Q1 2023[25] - The company's total operating expenses for Q1 2024 were CNY 685,578,716.21, compared to CNY 301,861,914.10 in Q1 2023, indicating a significant increase[21] - Research and development expenses increased to CNY 18,359,376.74 in Q1 2024, up 50.5% from CNY 12,172,460.60 in Q1 2023[21] - The company experienced a net cash outflow from investing activities of CNY 166,415,789.58 in Q1 2024, compared to CNY 227,828,820.24 in Q1 2023[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,823,445,021.89, up 2.67% from the end of the previous year[6] - The company's total liabilities as of March 31, 2024, were CNY 2,658,029,658.57, slightly up from CNY 2,640,903,712.77 at the end of 2023, showing an increase of about 0.3%[18] - The company's non-current liabilities increased to CNY 974,663,205.84 from CNY 640,933,205.69, indicating a rise of about 52.1%[18] - The total equity attributable to shareholders increased to CNY 2,163,305,996.36 from CNY 2,055,249,269.54, reflecting a growth of approximately 5.3%[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,318[12] - The top shareholder, Ningbo Dinghong Venture Capital Partnership, holds 65.87% of the shares, totaling 425,490,094 shares[12] Cash and Receivables - The company's cash and cash equivalents decreased to CNY 308,702,680.61 from CNY 434,915,733.99 at the end of 2023, a decline of approximately 29.0%[16] - Accounts receivable increased to CNY 392,552,230.38 from CNY 256,813,915.85, representing a growth of about 53.0%[16] - Inventory decreased to CNY 451,038,242.14 from CNY 500,087,959.76, a reduction of approximately 9.8%[16] - The company reported a total cash and cash equivalents balance of CNY 285,189,924.99 at the end of Q1 2024, compared to CNY 259,759,840.31 at the end of Q1 2023[26] Government Subsidies - The company received government subsidies amounting to ¥23,048,666.66, which are expected to have a sustained impact on profits[9] Borrowings - The company raised CNY 457,450,760.41 in borrowings during Q1 2024, an increase from CNY 312,093,012.00 in Q1 2023[26]