Financial Performance - The company's revenue for the reporting period was ¥556,252,592.79, a decrease of 50.43% compared to ¥1,122,168,665.84 in the same period last year[5]. - Net profit attributable to shareholders was ¥42,750,557.95, down 67.21% from ¥130,359,681.64 year-on-year[5]. - Basic earnings per share decreased by 66.67% to ¥0.06 from ¥0.18 in the same period last year[5]. - Net profit for the current period is ¥49,080,145.38, a decline of 65.8% from ¥143,493,068.47 in the previous period[21]. - The company recorded a total comprehensive income of approximately ¥42.54 million for Q1 2024, compared to ¥146.37 million in Q1 2023, reflecting a substantial decrease in overall profitability[52]. Cash Flow - The net cash flow from operating activities was -¥60,248,227.47, a decline of 113.38% compared to ¥450,374,067.83 in the previous year[5]. - In Q1 2024, Jiangsu Ruitai New Energy Materials Co., Ltd. reported cash flow from operating activities of approximately ¥567.72 million, a decrease from ¥1.50 billion in the same period last year, indicating a significant decline in cash inflow[52]. - Net cash flow from operating activities was negative at -450.37 million in the previous period[54]. - Net cash flow from financing activities was 176.12 million in the previous year[54]. Assets and Liabilities - Total assets at the end of the reporting period were ¥10,632,292,051.90, a decrease of 2.88% from ¥10,947,746,741.99 at the end of the previous year[5]. - The total liabilities decreased to ¥7,888,298,616.71 from ¥8,423,642,433.60, indicating a decline of approximately 6.3%[19]. - The company's total liabilities decreased to ¥3,097,116,777.16, down 10.4% from ¥3,456,501,732.44 in the previous period[20]. - The company's cash and cash equivalents increased to ¥5,612,542,055.95 from ¥5,153,080,471.64, representing a growth of approximately 8.9%[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 44,096[12]. - The largest shareholder, Jiangsu Guotai International Group Co., Ltd., holds 68.18% of the company's shares[12]. - The top ten shareholders include Zhangjiagang Guotai Investment Co., Ltd. holding 2.73% of the shares, indicating a stable ownership structure[33]. Operational Metrics - The company's R&D expenses were ¥18,761,891.11, down 30.98% from ¥27,182,961.26 year-on-year[10]. - The company experienced a 201.66% increase in net cash flow from financing activities, amounting to ¥179,053,551.64 compared to -¥176,124,888.58 in the previous year[10]. - Total operating costs for the current period amount to ¥501,581,101.25, down 47.1% from ¥947,781,662.59 in the previous period[21]. Changes in Assets - Accounts receivable decreased to ¥1,179,769,897.20 from ¥1,318,721,448.10, a decline of about 10.6%[19]. - The company's inventory decreased to ¥189,180,257.20 from ¥216,186,523.89, a decrease of about 12.5%[19]. - The long-term equity investments increased to ¥523,414,813.73 from ¥456,353,865.59, showing an increase of approximately 14.7%[19]. - The company's total non-current assets increased to ¥2,743,993,435.19 from ¥2,524,104,308.39, reflecting a growth of about 8.7%[19]. Other Financial Metrics - The company's contract liabilities increased to ¥6,860,709.79 from ¥3,669,109.02, a significant increase of approximately 87.5%[19]. - Other comprehensive income decreased by 89.44% to ¥736,679.12 from ¥6,974,891.79, mainly due to reduced foreign currency translation differences[29]. - The company reported a significant reduction in employee compensation payable, which decreased by 35.12% to ¥39,978,724.04 from ¥61,615,676.82[29]. Governance and Reporting - Jiangsu Ruitai New Energy Materials Co., Ltd. is in the process of implementing new accounting standards starting from 2024, which may impact future financial reporting[46]. - The company has acknowledged the resignation of an independent director, which may affect governance but does not directly impact financial performance[47]. - The company has not disclosed any new product developments or technological advancements in this quarter's report[39]. - There are no announcements regarding market expansion or mergers and acquisitions in the current financial report[39].
瑞泰新材(301238) - 2024 Q1 - 季度财报