ST工智(000584) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 reached ¥428,186,944.50, representing a 29.34% increase compared to ¥331,058,184.53 in the same period last year[5]. - Net profit attributable to shareholders was ¥1,375,494.49, up 30.94% from ¥1,050,449.08 year-on-year[5]. - The net profit after deducting non-recurring gains and losses was ¥1,291,787.34, a significant recovery from a loss of ¥26,335,181.39 in the previous year, marking a 104.91% increase[5]. - Net profit for Q1 2024 was ¥565,825.70, compared to a net profit of ¥64,352.25 in Q1 2023, indicating a significant improvement[43]. - The company reported a total comprehensive income of ¥604,084.60 for Q1 2024, compared to ¥139,453.96 in the same period last year[44]. - Basic and diluted earnings per share for Q1 2024 were both ¥0.0018, up from ¥0.0014 in Q1 2023[44]. Cash Flow and Liquidity - The company's cash flow from operating activities showed a net outflow of ¥41,208,272.73, worsening by 63.25% compared to a net outflow of ¥25,242,571.55 in the same period last year[5]. - The cash and cash equivalents at the end of the period amounted to ¥63,025,081.34, down from ¥157,553,412.34 at the beginning of the period[46]. - The net cash flow from investment activities was ¥6,919,202.57, with total cash inflows of ¥91,823,386.33 and outflows of ¥49,732,541.61[46]. - The net cash flow from financing activities was -¥59,832,260.71, with total cash inflows of ¥122,934,178.30 and outflows of ¥204,025,299.35[46]. - The company incurred cash outflows of ¥46,400,415.63 for debt repayment in the financing activities[46]. - The cash flow from investment activities included cash received from the disposal of subsidiaries amounting to ¥10,017,709.60[46]. - The company reported a cash outflow of ¥21,695,845.08 for dividend distribution and interest payments[46]. Assets and Liabilities - Total assets decreased by 5.49% to ¥3,879,628,027.06 from ¥4,105,167,853.94 at the end of the previous year[5]. - The company’s total liabilities decreased to ¥3,328,510,300.67 from ¥3,556,312,974.94 year-on-year[40]. - The company's total current liabilities decreased from ¥3,150,786,133.39 to ¥2,923,430,257.22 during the reporting period[39]. - The total equity attributable to shareholders of the parent company increased to ¥546,165,771.87 from ¥543,067,817.56 in the previous year[40]. Operating Costs and Expenses - The company reported a 32.33% increase in operating costs, totaling ¥377,341,724.99, compared to ¥285,158,401.56 in the previous year[11]. - Total operating costs amounted to ¥436,067,315.79, up 25.8% from ¥346,471,219.61 year-on-year[42]. - Financial expenses surged by 146.34% to ¥10,084,710.75, primarily due to exchange rate fluctuations[11]. - Research and development expenses were ¥16,719,286.40, slightly increasing from ¥16,126,687.77 in the same quarter last year[42]. Legal Matters and Obligations - The company has initiated a lawsuit against Suzhou Strict Group for the buyback of 18.4336% of shares in Jiangsu Haidu, with a remaining buyback payment of 61,052,500 RMB as of December 31, 2023[18]. - Company received a lawsuit from Changcheng Securities demanding a payment of 94,043,706.57 CNY for investment principal and corresponding returns[21]. - Company faced a lawsuit regarding a loan dispute, resulting in the freezing of assets worth 25.1 million CNY[24]. - Company was ordered to pay 29.1 million CNY in compensation to Liu Yanzhong, with an appeal filed against the ruling[25]. - The company has engaged legal counsel to enforce the buyback obligations from the merger fund's investments[19]. - The company is closely monitoring the progress of the lawsuits and will fulfill its information disclosure obligations[20]. - The company is involved in a lawsuit regarding a construction contract dispute, with a court hearing scheduled for April 29, 2024, and has frozen certain bank accounts[32]. - Some bank accounts have been unfrozen as the company actively communicates with relevant parties to resolve the lawsuit[33]. Investments and Acquisitions - Company agreed to acquire 70% of Jilin Jiangji Minke Industrial Co., Ltd. for 840 million CNY to enter military optical products and equipment markets[22]. - The company has only paid 289.99 million CNY of the 840 million CNY acquisition price, leading to a breach of contract situation[23]. - The local administration requires tax proof for the acquisition, with personal income tax estimated at approximately 129 million CNY, causing payment delays[23]. - The company plans to acquire 70% of Jiangxi Dingxing Mining Co., Ltd. and 49% of Jiangxi Xingli Technology Co., Ltd. through a combination of cash and stock issuance, with a total investment of approximately 300 million RMB for the acquisition[27]. - The company has recognized a penalty of 30 million RMB related to the equity acquisition of Jiangji Minke, which is currently under legal resolution[27]. - The company reached a settlement with Yilian Robot, agreeing to pay a total of 96,137,890.85 RMB for equity repurchase and interest, with a deadline for payment by October 31, 2023[29]. - The company has reported a cash payment obligation of 60,387,890.84 RMB remaining for equity repurchase and penalties[29]. Performance Commitments and Issues - Keling Industrial failed to meet its performance commitments in 2022 due to production halts and loss of orders, leading to a compensation claim of RMB 13.8377 million[35]. - The average amount of funds occupied by the company from Keling Industrial in 2022 was RMB 10,256,407.99, resulting in a profit reduction of RMB 10,145,305.70[36]. - Keling Industrial reported a net profit of -RMB 1.4291 million for 2023, failing to meet the performance commitment of at least RMB 12 million[36]. - The company has requested a performance compensation of RMB 37.2422 million from Keling Industrial for the unmet commitments in 2023[36]. - As of the latest report, Keling Industrial has not yet paid the 2022 performance compensation of RMB 13.8377 million[36]. Audit and Compliance - The company is actively working to resolve issues related to the audit opinions raised by its auditors regarding the 2022 financial statements[27]. - The company has initiated a plan to issue shares and raise funds for asset acquisition, pending the completion of necessary audits and approvals[27]. - The company has faced risk warnings from the Shenzhen Stock Exchange due to the audit opinions and ongoing legal matters[27]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 44,587[13]. - The top ten shareholders include Wuxi Lianchuang Artificial Intelligence Investment Partnership, holding 69,305,650 shares[14]. - The company has a total of 114,078,327 shares held by Wuxi Zhefeng Harbin Intelligent Robot Investment Partnership, accounting for a significant portion of its equity[14].