金牛化工(600722) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 128,341,718.02, representing a decrease of 18.20% compared to the same period last year[3]. - Net profit attributable to shareholders was CNY 12,603,618.88, an increase of 25.65% year-on-year[3]. - Total revenue for Q1 2024 was CNY 128,341,718.02, a decrease of 18.2% compared to CNY 156,890,259.80 in Q1 2023[18]. - The company reported a net profit margin of approximately 19.5% for Q1 2024, compared to 13.5% in Q1 2023[18]. - The total profit for Q1 2024 is approximately ¥25.09 million, an increase of 17.5% compared to ¥21.29 million in Q1 2023[19]. - The net profit for Q1 2024 is approximately ¥23.27 million, up 17.9% from ¥19.86 million in Q1 2023[19]. - The net profit attributable to the parent company's shareholders is approximately ¥12.60 million, a 25.5% increase from ¥10.03 million in Q1 2023[19]. - Basic and diluted earnings per share for Q1 2024 are both ¥0.0185, an increase from ¥0.0147 in Q1 2023[19]. - The total comprehensive income for Q1 2024 is approximately ¥23.27 million, compared to ¥19.86 million in Q1 2023[19]. Cash Flow and Investments - The net cash flow from operating activities was negative at CNY -21,526,899.04, a significant decline of 953.22% compared to the previous year[3]. - The operating cash flow for Q1 2024 is negative at approximately -¥21.53 million, compared to a positive cash flow of ¥2.52 million in Q1 2023[22]. - Cash inflow from investment activities in Q1 2024 is approximately ¥200.52 million, significantly higher than ¥15.03 million in Q1 2023[23]. - The net cash flow from investment activities is negative at approximately -¥401.38 million, compared to a positive cash flow of ¥12.03 million in Q1 2023[23]. - Cash and cash equivalents decreased to CNY 628,783,651.61 as of March 31, 2024, from CNY 1,051,849,810.99 as of December 31, 2023, a decline of 40.1%[12]. - The cash and cash equivalents at the end of Q1 2024 are approximately ¥628.78 million, down from ¥1.08 billion at the end of Q1 2023[23]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,447,192,945.83, reflecting a 1.26% increase from the end of the previous year[4]. - Total assets as of March 31, 2024, amounted to CNY 1,447,192,945.83, a slight increase from CNY 1,429,119,669.81 as of December 31, 2023[14]. - Total liabilities decreased to CNY 133,081,371.57 as of March 31, 2024, from CNY 138,872,041.81 as of December 31, 2023, a reduction of 4.0%[14]. Operational Metrics - Total operating costs for Q1 2024 were CNY 106,593,796.31, down 21.6% from CNY 135,985,888.63 in Q1 2023[18]. - Operating profit for Q1 2024 increased to CNY 25,085,517.93, compared to CNY 21,220,368.70 in Q1 2023, reflecting a growth of 18.1%[18]. - The weighted average return on equity was 1.0942%, showing a slight increase of 0.19%[3]. Research and Development - Research and development expenses decreased by 42.86%, primarily due to reduced R&D spending at the subsidiary Jinniu Xuyang[4]. - Research and development expenses for Q1 2024 were CNY 3,604,251.25, down 42.5% from CNY 6,307,795.37 in Q1 2023[18]. Other Financial Activities - The company reported non-operating income of CNY 523,526.40, primarily from fair value changes of financial assets[4]. - The company has invested CNY 400,000,000.00 in trading financial assets as of March 31, 2024, compared to CNY 0.00 at the end of 2023[12]. Future Outlook - The company plans to expand its market presence and enhance product offerings in the upcoming quarters[18]. Accounts Receivable and Inventory - Accounts receivable increased by 340.08%, mainly due to increased receivables from the subsidiary Jinniu Logistics[4]. - Inventory rose by 107.38%, attributed to an increase in raw materials at the subsidiary Jinniu Xuyang[4]. Cash and Cash Equivalents - The company's cash and cash equivalents decreased by 40.22%, primarily due to investments in structured deposits[4].