宜宾纸业(600793) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥354,490,276.05, representing a decrease of 29.78% compared to the same period last year[6] - The net profit attributable to shareholders was -¥19,269,224.79, a decline of 399.50% year-on-year[6] - The basic earnings per share (EPS) was -¥0.1089, reflecting a decrease of 399.18% compared to the previous year[6] - Total revenue for Q1 2024 was CNY 354,490,276.05, a decrease of 29.7% compared to CNY 504,827,868.18 in Q1 2023[19] - Operating profit for Q1 2024 was a loss of CNY 24,285,700.55, compared to a profit of CNY 6,371,401.71 in Q1 2023[20] - Net profit for Q1 2024 was a loss of CNY 19,269,224.79, compared to a profit of CNY 6,433,758.03 in Q1 2023[20] - The company incurred a net loss attributable to the parent company of ¥19,269,224.79, compared to a profit of ¥6,433,758.03 in Q1 2023, marking a significant decline[21] - The total comprehensive income for the period was -¥19,269,224.79, compared to ¥6,433,758.03 in Q1 2023, showing a substantial decline[21] Cash Flow and Financial Position - The net cash flow from operating activities was ¥9,985,116.52, down 82.19% year-on-year due to a decline in sales price and quantity[9] - In Q1 2024, the company reported a net cash flow from operating activities of ¥9,985,116.52, a decrease of 82.2% compared to ¥56,074,119.80 in Q1 2023[24] - Cash and cash equivalents increased to CNY 63,020,656.19 as of March 31, 2024, from CNY 58,767,514.74 as of December 31, 2023[15] - Cash and cash equivalents at the end of Q1 2024 increased to ¥38,902,235.30 from ¥12,215,067.67 in Q1 2023, reflecting a positive change of 219.5%[25] - The company raised ¥35,000,000.00 through borrowings in Q1 2024, a decrease of 84.1% from ¥220,000,000.00 in Q1 2023[24] - Cash outflow for financing activities was reduced to ¥31,265,426.50 from ¥311,945,070.24, indicating a significant decrease in cash used for financing[24] - The company reported a net cash flow from investing activities of -¥3,187,016.94, worsening from -¥392,866.43 in the previous year[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,531,714,893.34, a decrease of 1.77% from the end of the previous year[7] - Total assets as of March 31, 2024, were CNY 2,531,714,893.34, down from CNY 2,577,416,623.87 as of December 31, 2023[17] - Current liabilities decreased to CNY 1,931,116,474.79 from CNY 1,954,580,829.38, showing a slight improvement in the company's short-term financial position[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,169[11] - The largest shareholder, Sichuan Yibin Wuliangye Group Co., Ltd., holds 44.87% of the shares[11] Operational Metrics - The company's gross profit margin decreased, leading to a significant drop in net profit attributable to shareholders[9] - Total operating costs for Q1 2024 were CNY 374,941,197.90, down 25.1% from CNY 500,660,162.80 in Q1 2023[20] - The company reported a significant increase in R&D expenses to CNY 5,102,638.96 in Q1 2024, compared to CNY 161,394.73 in Q1 2023, indicating a focus on innovation[20] - Total revenue from sales of goods and services was ¥410,093,616.84, down 31.1% from ¥596,196,819.23 in the same period last year[23] Other Financial Metrics - Non-recurring gains and losses amounted to ¥6,773,554.41, primarily from government subsidies[9] - The weighted average return on equity decreased by 4.35 percentage points to -3.38%[7] - The company received ¥804,214.47 in tax refunds, down from ¥1,030,040.71 in the same quarter last year, reflecting a decrease of 22%[24] - Accounts receivable decreased to CNY 33,511,593.72 from CNY 38,732,932.56, indicating improved collection efforts[15] - Inventory decreased to CNY 448,929,763.59 from CNY 471,911,551.91, reflecting a reduction in stock levels[15]