Financial Performance - Operating revenue for Q1 2024 reached CNY 119,492,854.11, a significant increase of 58.53% year-on-year[10] - Net profit attributable to shareholders decreased by 58.45% to CNY 770,202.80 compared to the same period last year[10] - Total operating revenue for Q1 2024 reached CNY 119,492,854.11, a significant increase of 58.6% compared to CNY 75,376,840.18 in Q1 2023[41] - Net profit for Q1 2024 was CNY 770,202.80, a decrease of 58.4% from CNY 1,853,603.31 in Q1 2023[42] - The company's total cash inflow from financing activities was 34,675,777.35, significantly higher than 4,013,777.08 in the same quarter last year[48] - The company reported a total comprehensive income of ¥1,017,782.30 for Q1 2024, compared to ¥1,967,051.58 in Q1 2023, indicating a significant improvement in overall financial performance[44] Assets and Liabilities - Total assets increased by 4.66% to CNY 519,335,049.56 compared to the end of last year[10] - The company's asset-liability ratio (consolidated) increased to 21.57% from 18.93% at the end of the previous year[10] - Total liabilities increased to CNY 111,489,576.57 in Q1 2024, up 19.4% from CNY 93,359,092.23 in Q1 2023[40] - Short-term borrowings increased by 94.67% to CNY 39,232,616.75 due to increased bank loans and bill discounts[11] - Total liabilities increased to ¥111,999,854.92 from ¥93,929,501.42, reflecting a growth of about 19.4%[36] Cash Flow - The company reported a net cash flow from operating activities of -CNY 14,280,245.31, a decline of 172.89% year-on-year[12] - The company's cash flow from operating activities showed a net outflow of ¥14,280,245.31 in Q1 2024, a decline from a net inflow of ¥19,590,505.45 in Q1 2023[46] - The total cash outflow from operating activities was 107,472,377.23, an increase from 88,670,692.04 in the previous year[48] - The net cash flow from investing activities was -16,649,281.33, compared to -10,024,331.93 in the previous year[48] Shareholder Information - The total share capital of Weifang Zhixin Electronics Co., Ltd. is 106,100,000 shares, with 5,543 common shareholders[20] - Major shareholders include Zhao Qingfu and Li Liangwei, each holding 35,740,000 shares, which is 33.69% of total shares[21] - The number of unrestricted shares is 52,176,500, accounting for 49.18% of total shares, while restricted shares total 53,923,500, representing 50.82%[19] Research and Development - Research and development expenses for Q1 2024 were CNY 3,545,850.19, slightly down from CNY 3,807,330.76 in Q1 2023, indicating a focus on cost management[41] - Research and development expenses for Q1 2024 were ¥3,545,850.19, slightly down from ¥3,807,330.76 in Q1 2023[43] Market and Product Performance - Revenue from automotive and new energy connector products surged by 108.92% year-on-year, reaching CNY 67,853,489.80[16] - The company plans to continue expanding its product applications in the automotive and new energy markets while collaborating closely with clients on new projects[17] Financial Expenses - The company’s financial expenses rose by 158.82% to CNY 1,159,588.91, primarily due to increased interest from bill discounts[12] - The company incurred financial expenses of ¥863,792.85 in Q1 2024, compared to ¥337,534.98 in Q1 2023, showing an increase in financial costs[43] Other Financial Metrics - The estimated sales revenue from products and services for 2024 is 66,000,000 yuan, with 7,595,920.73 yuan realized in Q1 2024[28] - The estimated amount for purchasing raw materials and services in 2024 is 25,000,000 yuan, with 3,462,355.27 yuan incurred in Q1 2024[28] - The company has confirmed the transfer of bankruptcy claims related to Ningbo Yangteng Automotive Electronics Co., Ltd., with the transfer amount already received[26]
智新电子(837212) - 2024 Q1 - 季度财报