Revenue and Profitability - The company's revenue for Q1 2024 was ¥235,283,890.71, a decrease of 17.92% compared to ¥286,639,002.05 in the same period last year[5] - Net profit attributable to shareholders was ¥8,232,474.15, an increase of 174.96% from a loss of ¥10,981,876.75 in the previous year[5] - Basic earnings per share increased to ¥0.02 from a loss of ¥0.03, representing a 166.67% improvement[5] - Total operating revenue for Q1 2024 was CNY 235,283,890.71, a decrease of 18% compared to CNY 286,639,002.05 in Q1 2023[20] - Net profit for Q1 2024 was CNY 8,232,474.15, a significant recovery from a net loss of CNY 10,981,876.75 in the same period last year[21] - Earnings per share for Q1 2024 was CNY 0.02, compared to a loss per share of CNY 0.03 in Q1 2023[22] - The company reported a comprehensive income of CNY 7,462,950.37 for Q1 2024, compared to a comprehensive loss of CNY 11,339,781.72 in the previous year[22] Cash Flow and Investments - The net cash flow from operating activities was ¥8,443,104.90, down 91.41% from ¥98,299,173.82 in the same period last year[5] - Cash flow from operating activities generated a net inflow of CNY 8,443,104.90, down from CNY 98,299,173.82 in the previous year[23] - The net cash flow from investment activities was -63,263,020.18, compared to -21,607,657.47 in the previous year, indicating a significant increase in cash outflow[24] - Cash inflow from investment activities totaled 30,888,237.79, an increase from 20,204,709.59 year-over-year[24] - Cash outflow from investment activities was 94,151,257.97, significantly higher than 41,812,367.06 in the previous year, indicating increased investment spending[24] - Cash flow from financing activities resulted in a net outflow of -2,434,403.25, compared to -3,474,664.60 in the same period last year, showing a decrease in cash outflow[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,162,000,484.48, a decrease of 0.99% from ¥2,183,592,717.35 at the end of the previous year[5] - Total liabilities decreased to CNY 296,357,872.39 from CNY 325,413,055.63, a reduction of approximately 9%[21] - Total non-current assets decreased to ¥687,402,983.56 from ¥703,852,847.77[17] - The company's cash and cash equivalents at the end of the reporting period amount to ¥882,196,635.01, down from ¥936,149,371.52 at the beginning of the period[16] - Total cash and cash equivalents at the end of the period amounted to 864,648,280.46, down from 908,866,332.14 in the previous year[24] Shareholder Information - Total number of common shareholders at the end of the reporting period is 29,035[13] - The largest shareholder, Huizhou Huifengbao Equity Investment Partnership, holds 30.05% of shares, totaling 124,213,228 shares[13] - The company has a total of 6,722,912 shares held by Huizhou Junqiang Equity Investment Partnership, representing 1.63% of shares[13] - The company reported a total of 15,026,005 shares held by HQH Ventures Limited, which are unrestricted[14] Financial Performance Metrics - The company's investment income rose to ¥60.11 million, an increase of 323.01% compared to the same period last year[10] - Total operating costs decreased to CNY 215,786,965.11 from CNY 288,626,182.54, reflecting a reduction of approximately 25%[20] - Research and development expenses for Q1 2024 were CNY 22,523,991.71, down from CNY 28,286,132.16, indicating a reduction of approximately 20%[21] - Tax expenses decreased to CNY 1,041,181.92 from CNY 755,784.76, reflecting an increase of about 38%[21] Accounting and Reporting - The company did not undergo an audit for the first quarter report, as indicated in the financial statements[25] - The company has adopted new accounting standards starting in 2024, which may affect future financial reporting[25] Other Financial Metrics - The company reported a significant increase in contract liabilities, which rose by 585.00% to ¥28,085,900[9] - The company’s financial expenses decreased by 367.26% to -¥16,162,300, mainly due to increased exchange gains and interest income[10] - The company’s cash and cash equivalents were positively impacted by exchange rate fluctuations, increasing by 149.80% to ¥6,210,900[11] - The impact of exchange rate changes on cash and cash equivalents was positive at 6,210,905.37, contrasting with a negative impact of -12,470,953.39 in the previous year[24] - Trading financial assets increased to ¥100,900,000.00 from ¥50,000,000.00[16] - Accounts receivable decreased slightly to ¥248,017,685.13 from ¥249,025,525.81[17] - Inventory decreased to ¥184,088,560.49 from ¥194,584,611.81[17]
格林精密(300968) - 2024 Q1 - 季度财报