Guobo Electronics (SH:688375)2024-04-29 12:41Financial Performance - The company's operating revenue for Q1 2024 was ¥693,204,264.14, representing a decrease of 0.62% compared to the same period last year[4] - Net profit attributable to shareholders of the listed company was ¥120,776,726.47, an increase of 4.22% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥118,396,875.27, reflecting a growth of 14.32%[4] - Total operating revenue for Q1 2024 was ¥693,204,264.14, a decrease of 0.47% from ¥697,530,230.07 in Q1 2023[19] - Net profit for Q1 2024 was ¥120,776,726.47, an increase of 4.88% compared to ¥115,885,540.26 in Q1 2023[21] - Earnings per share for Q1 2024 was ¥0.30, up from ¥0.29 in Q1 2023[22] Cash Flow - The net cash flow from operating activities was negative at ¥240,764,880.71, primarily due to increased sales collections during the reporting period[5][8] - Cash flow from operating activities increased significantly to ¥575,596,165.04 in Q1 2024, compared to ¥276,753,913.98 in Q1 2023[23] - The net cash flow from operating activities was -240,764,880.71, compared to -258,867,845.89 in the previous year, indicating a slight improvement[25] - The net increase in cash and cash equivalents was -189,934,935.44, compared to -493,154,538.03 in the previous year, showing a reduction in cash outflow[26] - The ending balance of cash and cash equivalents was 2,140,738,703.46, down from 2,337,657,558.57 at the beginning of the period[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,192,885,729.52, a decrease of 3.28% from the end of the previous year[5] - The company's current assets totaled approximately CNY 6.18 billion, down from CNY 6.50 billion in the previous period[16] - The company's total liabilities were approximately CNY 2.07 billion, down from CNY 2.47 billion[17] - The total liabilities and equity amounted to ¥8,192,885,729.52, a decrease from ¥8,471,069,558.54 in the previous year[18] Shareholder Equity - Shareholders' equity attributable to shareholders of the listed company increased by 2.06% to ¥6,121,377,690.09 compared to the end of the previous year[5] - The company's total equity attributable to shareholders reached ¥6,121,377,690.09, an increase from ¥5,998,068,027.98 year-over-year[18] Research and Development - Research and development expenses totaled ¥78,792,100.04, accounting for 11.37% of operating revenue, which is an increase of 0.02 percentage points[5] - Research and development expenses for Q1 2024 were ¥78,792,100.04, slightly down from ¥79,169,749.74 in Q1 2023[19] Other Income and Expenses - The company received government subsidies amounting to ¥1,544,161.77, which are closely related to its normal business operations[6] - The company reported a decrease in tax and additional charges to ¥2,725,482.63 in Q1 2024 from ¥3,877,946.95 in Q1 2023[19] - Other income for Q1 2024 was ¥4,470,637.46, down from ¥13,778,881.71 in Q1 2023[21] Inventory and Receivables - Accounts receivable increased to approximately CNY 2.26 billion from CNY 1.74 billion, reflecting a growth of about 30%[15] - The company’s inventory decreased to approximately CNY 474 million from CNY 617 million, indicating a reduction of about 23%[16] Investment Activities - Total cash inflow from investment activities was 603,736,424.66, up from 503,766,849.32 year-over-year[25] - The net cash flow from investment activities was 50,850,288.52, a significant recovery from -233,600,781.15 in the previous year[25] - Cash paid for purchasing fixed assets and other long-term assets was 130,886,136.14, slightly down from 137,367,630.47 year-over-year[25] - Cash paid for investments was 422,000,000.00, a decrease from 600,000,000.00 in the previous year[25] Financial Strategy - The company has not reported any significant changes in its financing or investment strategies during the quarter[14]