联创电子(002036) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 2.465 billion, representing a year-on-year increase of 25.93%[6] - The net loss attributable to shareholders was CNY 68.96 million, a 61.14% improvement compared to the same period last year[6] - The core optical business generated revenue of CNY 1.152 billion, with a significant growth of 145.43% year-on-year[11] - The revenue from automotive optics reached CNY 538 million, marking a remarkable increase of 301.91% year-on-year[11] - Total operating revenue for Q1 2024 reached ¥2,465,473,014.92, an increase of 26.0% compared to ¥1,957,751,460.56 in Q1 2023[23] - Net loss for Q1 2024 was ¥80,695,909.20, compared to a net loss of ¥192,140,895.09 in Q1 2023, representing a 58.0% improvement[24] - Total comprehensive income for the first quarter was -68,052,791.79 CNY, compared to -181,856,443.03 CNY in the previous year, showing an improvement of approximately 62.5%[25] - Basic and diluted earnings per share were both -0.06 CNY, an improvement from -0.17 CNY and -0.16 CNY respectively in the previous year[25] Cash Flow and Assets - The net cash flow from operating activities was CNY 1.706 million, up 29.33% from the previous year[6] - As of March 31, 2024, the company's cash and cash equivalents amounted to RMB 2,263,573,845.82, an increase from RMB 1,831,995,044.91 at the beginning of the period, reflecting a growth of approximately 23.6%[18] - The company's cash and cash equivalents increased to ¥7,541,811,349.35 in Q1 2024, compared to ¥7,040,532,600.17 in Q1 2023, a growth of 7.1%[21] - Cash inflow from operating activities totaled 2,284,271,602.37 CNY, down 7.5% from 2,470,722,862.18 CNY in the previous year[26] - Cash outflow for operating activities was 2,282,565,946.22 CNY, a slight decrease from 2,469,404,061.50 CNY year-over-year[26] - The ending cash and cash equivalents balance was 668,342,055.82 CNY, down from 978,367,383.47 CNY year-over-year[28] Assets and Liabilities - Total assets at the end of the reporting period were CNY 16.152 billion, an increase of 5.72% compared to the end of the previous year[6] - The company's total assets increased to ¥16,152,083,297.41 in Q1 2024, up from ¥15,278,098,957.74 in Q1 2023, reflecting a growth of 5.7%[21] - Total liabilities rose to ¥12,688,494,702.49 in Q1 2024, compared to ¥11,721,256,526.49 in Q1 2023, marking an increase of 8.3%[21] Research and Development - The company's R&D expenses decreased by CNY 58.49 million, a reduction of 33.46% year-on-year, due to lower costs for individual new product development[10] - Research and development expenses for Q1 2024 were ¥116,318,763.69, down 33.5% from ¥174,804,746.28 in Q1 2023[23] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 99,555[13] - The total amount spent on share repurchases reached RMB 49,997,469.00, with an average purchase price between RMB 6.66 and RMB 10.59 per share[17] - The company plans to repurchase shares with a total amount not less than RMB 100 million and not exceeding RMB 200 million, with a maximum price of RMB 14.99 per share[16] - The number of shares repurchased as of March 29, 2024, totaled 6,165,500 shares, accounting for 0.58% of the total share capital[17] Other Income and Expenses - The company reported an increase in other income of CNY 84.03 million, a significant rise of 868.68% year-on-year, primarily from government subsidies[10] - The company reported a significant increase in other income to ¥93,701,077.96 in Q1 2024, compared to ¥9,673,051.22 in Q1 2023[24] Committees and Management - The establishment of the Asset Structure Optimization Committee aims to enhance decision-making efficiency and maximize company benefits through asset management[17] - The company has set up a Cost Control Committee to improve profitability by reducing costs and expenses[17] Accounts Receivable and Inventory - Accounts receivable increased to RMB 3,044,367,948.40 from RMB 2,755,466,417.18, representing a rise of about 10.5%[18] - The company's inventory decreased to RMB 1,380,227,823.17 from RMB 1,732,006,608.28, indicating a reduction of approximately 20.3%[18] - The company reported an increase in prepayments to RMB 346,198,058.47 from RMB 263,721,456.52, reflecting a growth of approximately 31.2%[18] Borrowings - Long-term borrowings increased to ¥1,721,381,265.57 in Q1 2024, compared to ¥1,432,256,265.57 in Q1 2023, reflecting a growth of 20.2%[21] Audit Information - The company did not undergo an audit for the first quarter report[29]