AWINIC(688798)2024-04-25 12:08Revenue and Profit - Revenue for the first quarter reached 775,694,473.64 yuan, a year-on-year increase of 101.75%[3] - Total operating revenue for Q1 2024 reached 775,694,473.64 RMB, a significant increase from 384,478,021.22 RMB in Q1 2023[21] - Net profit attributable to shareholders of the listed company was 35,823,072.17 yuan, with no comparative data available[3] - Net profit for Q1 2024 was 35,823,072.17 RMB, compared to a net loss of -70,602,742.93 RMB in Q1 2023[23] - Basic and diluted earnings per share were both 0.15 yuan, with no comparative data available[11] - Basic earnings per share improved to 0.15 RMB in Q1 2024 from -0.31 RMB in Q1 2023[24] - Total comprehensive income for Q1 2024 was 38,426,886.09 RMB, compared to a loss of -71,860,409.04 RMB in Q1 2023[24] R&D Investment - R&D investment totaled 125,734,082.24 yuan, a decrease of 23.21% compared to the previous year[11] - R&D investment accounted for 16.21% of revenue, a decrease of 26.38 percentage points[11] - R&D expenses decreased to 125,734,082.24 RMB in Q1 2024 from 163,730,782.48 RMB in Q1 2023[21] Assets and Liabilities - Total assets at the end of the reporting period were 4,919,544,018.71 yuan, a slight decrease of 0.33% compared to the end of the previous year[11] - Total assets at the end of the period were 4,919,544,018.71, slightly down from 4,935,797,732.71 at the end of the previous year[37] - Equity attributable to shareholders of the listed company increased by 1.47% to 3,675,119,425.98 yuan[11] - Total equity attributable to shareholders increased to 3,675,119,425.98 RMB in Q1 2024 from 3,622,053,913.90 RMB in Q1 2023[21] - Total liabilities decreased to 1,244,424,592.73 RMB in Q1 2024 from 1,313,743,818.81 RMB in Q1 2023[20] - Long-term borrowings decreased to 201,841,550.73 RMB in Q1 2024 from 330,083,331.20 RMB in Q1 2023[20] - Short-term borrowings decreased to 225,132,381.99 from 326,075,388.90[37] Cash Flow - Net cash flow from operating activities was 99,684,973.43 yuan, reflecting improved cash management[11] - Net cash flow from operating activities increased to 99,684,973.43, compared to a negative flow of -148,552,870.02 in the previous period[27] - Net cash flow from investing activities was -717,690,943.04, a significant decrease from -509,937,860.00 in the prior period[27] - Net cash flow from financing activities was -111,809,841.33, compared to a positive flow of 1,664,415.53 previously[28] - Total cash and cash equivalents decreased by -725,844,248.90, slightly better than the previous decrease of -659,829,831.30[28] - Monetary funds at the end of the period were 635,491,138.94, down from 1,365,455,424.95 at the end of the previous year[35] - Cash received from sales of goods and services increased to 878,302,472.33 RMB in Q1 2024 from 411,052,165.39 RMB in Q1 2023[25] Non-Recurring Items and Other Financials - Non-recurring gains and losses amounted to 12,001,685.61 yuan, including government subsidies and financial asset gains[11] - Contract liabilities increased to 102,904,267.87 RMB in Q1 2024 from 95,248,612.44 RMB in Q1 2023[20] - Trading financial assets increased to 1,748,090,213.94 from 1,126,093,183.17[35] - Accounts receivable rose to 73,265,997.83 from 61,659,225.07[35] - Inventory increased to 702,446,557.97 from 674,749,140.53[37] - No significant financial impact from the merger of entities under common control, with pre-merger net profit of the merged entity at 0 yuan[43] Company Leadership and Reporting - The company's leadership remains unchanged with Sun Hongjun as the company head and Chen Xiaoyun as the chief accounting officer[43][46] - The company has released its Q1 2024 financial report[45] Market and Revenue Drivers - The company's revenue growth was driven by market recovery, increased customer demand, and product diversification[13]