冠中生态(300948) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥33,510,417.38, a decrease of 51.73% compared to ¥69,422,467.28 in the same period last year[5] - The net profit attributable to shareholders was -¥2,150,590.16, representing a decline of 132.04% from ¥6,713,220.38 year-on-year[5] - The total profit for Q1 2024 was -¥3,096,174.00, a decline of 140.01% compared to ¥7,737,810.89 in the same period last year[9] - The company's basic earnings per share for Q1 2024 was -¥0.0154, a decrease of 132.15% from ¥0.0479 in the same period last year[5] - Net profit for Q1 2024 was a loss of CNY 2,150,590.16, compared to a profit of CNY 6,713,220.38 in Q1 2023[20] - Basic and diluted earnings per share for Q1 2024 were both -0.0154 CNY, compared to 0.0479 CNY in the same period last year, reflecting a significant decline[21] Cash Flow and Liquidity - The net cash flow from operating activities was -¥69,372,909.34, a significant drop of 529.09% compared to ¥16,167,443.07 in Q1 2023[5] - Cash inflow from operating activities was 27,871,440.39 CNY, down 76.34% from 117,692,781.59 CNY in the previous year[23] - The net cash flow from operating activities was -69,372,909.34 CNY, compared to a positive flow of 16,167,443.07 CNY in the same period last year[24] - Cash and cash equivalents decreased to CNY 121,228,479.48 from CNY 250,803,543.65, a decline of 51.6%[18] - The company’s cash and cash equivalents decreased by 373.05% to -¥126,666,168.94, reflecting reduced cash inflows from sales and loan repayments[9] - Total cash and cash equivalents at the end of the period were 116,651,562.62 CNY, down from 135,276,884.95 CNY year-over-year, a decrease of 13.1%[24] - Cash outflow from investing activities was 142,962,504.29 CNY, significantly higher than 62,256,438.94 CNY in the previous year, indicating increased investment activity[24] - The net cash flow from investing activities was -1,730,413.76 CNY, an improvement from -32,083,848.84 CNY in the same period last year[24] - The company reported cash outflows from financing activities of 55,562,845.84 CNY, compared to 65,860,016.22 CNY in the previous year, showing a reduction of 15.5%[24] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥1,702,801,952.21, down 4.93% from ¥1,791,049,300.85 at the end of the previous year[5] - Total liabilities decreased to CNY 804,684,787.44 from CNY 885,587,396.12, a decline of 9.1%[19] - The company’s total equity decreased to CNY 898,117,164.77 from CNY 905,461,904.73, a decline of 0.4%[19] Inventory and Expenses - The company reported a significant increase in inventory, which rose by 75.40% to ¥5,650,671.81 compared to ¥3,221,545.61 in the previous year[9] - Financial expenses surged by 625.30% to ¥5,303,941.68, primarily due to interest expenses from convertible bonds[9] - Total operating costs for Q1 2024 were CNY 38,664,028.96, down 37.2% from CNY 61,550,905.89 year-on-year[20] - Research and development expenses for Q1 2024 were CNY 3,743,869.20, up from CNY 3,034,338.05, an increase of 23.4%[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 13,205[11] - Qingdao Guanzhong Investment Group Co., Ltd. holds 35.79% of shares, totaling 50,115,750 shares[11] - The total number of restricted shares at the beginning of the period was 70,350,000, with 9,224,437 shares released during the period[13] - The company has approved a share repurchase plan, intending to buy back shares using its own funds[15] - As of March 31, 2024, the company has repurchased a total of 520,000 shares, accounting for 0.3714% of the total share capital[15] - The top ten shareholders control a combined 50.24% of the company, with significant stakes held by key individuals[11] - The company has a total of 12,299,250 shares held by Xu Jianping, representing 8.78% of the total share capital[11] - The company has released all restricted shares held by Qingdao Guanzhong Investment Group Co., Ltd. and other major shareholders on February 26, 2024[13] Other Information - The convertible bond "Guanzhong Convertible Bond" started conversion on January 29, 2024, with a revised conversion price of 10.50 RMB per share effective from February 27, 2024[14] - The company did not report any net profit from subsidiaries prior to consolidation, indicating no contribution from merged entities[21] - The first quarter report was not audited, which may affect the reliability of the financial data presented[25]