有研新材(600206) - 2024 Q1 - 季度财报

Revenue and Profit Performance - Revenue for the reporting period was 2,262,259,127.37, a decrease of 25.21% year-over-year[1] - Net profit attributable to shareholders of the listed company was 455,359.85, a decrease of 98.83% year-over-year[1] - Net profit for the period was -14,345,967.12, a significant decline from 36,120,060.50 in the previous period, indicating potential operational challenges[23] - Total operating revenue for Q1 2024 was 2,262,259,127.37 RMB, a decrease from 3,024,894,599.86 RMB in Q1 2023[36] - Sales revenue from goods and services in Q1 2024 was RMB 2,088,487,527.37, a decrease from RMB 3,082,654,773.66 in Q1 2023[39] Cash Flow and Financial Position - Net cash flow from operating activities was -563,445,618.82, not applicable for comparison[1] - Total assets at the end of the reporting period were 6,938,683,476.39, an increase of 11.25% compared to the end of the previous year[4] - Total assets increased to 6,938,683,476.39 from 6,237,192,964.97, reflecting growth in the company's financial position[16][18] - Current assets rose to 4,986,157,084.15 from 4,297,829,870.40, driven by increases in cash and cash equivalents, trade receivables, and inventories[14][16] - Cash and cash equivalents decreased to 1,171,578,408.75 from 1,536,593,776.98, indicating potential cash outflows or investments[14] - Trade receivables grew significantly to 837,148,150.47 from 534,161,831.71, suggesting increased sales or slower collections[14] - Inventories increased to 1,497,274,800.19 from 1,352,405,403.63, possibly due to higher production or slower sales[16] - Total liabilities rose to 2,337,175,212.02 from 2,206,497,712.79, with an increase in short-term borrowings and trade payables[16][21] - Short-term borrowings increased to 605,769,746.78 from 503,567,726.34, indicating higher reliance on short-term financing[16] - Trade payables grew to 399,590,564.97 from 334,036,635.06, reflecting increased purchases or delayed payments[21] - Total cash inflow from operating activities in Q1 2024 was RMB 2,124,986,815.25, down from RMB 3,120,777,311.22 in Q1 2023[43] - Total cash outflow from operating activities in Q1 2024 was RMB 2,688,432,434.07, compared to RMB 3,517,076,112.01 in Q1 2023[43] - Net cash flow from operating activities in Q1 2024 was negative RMB 563,445,618.82, compared to negative RMB 396,298,800.79 in Q1 2023[43] - Net cash flow from investing activities in Q1 2024 was negative RMB 586,409,058.22, a significant decline from positive RMB 3,772,204.20 in Q1 2023[43] - Net cash flow from financing activities in Q1 2024 was positive RMB 783,528,103.06, a substantial increase from RMB 67,826,670.88 in Q1 2023[45] - The company's cash and cash equivalents at the end of Q1 2024 were RMB 1,167,012,004.12, compared to RMB 793,438,780.37 at the end of Q1 2023[45] Equity and Shareholder Information - Equity attributable to shareholders of the listed company was 3,883,619,653.98, an increase of 2.92% compared to the end of the previous year[4] - Minority interests increased to 717,888,610.39 from 257,289,063.90, suggesting changes in subsidiary ownership or performance[18] - Comprehensive income for the period totaled -14,673,464.11 RMB, compared to 36,120,060.50 RMB in the previous period[24] - Net income attributable to the parent company's owners was 155,091.91 RMB, while net income attributable to minority shareholders was -14,828,556.02 RMB[24] - Basic and diluted earnings per share were both 0.001 RMB, compared to 0.046 RMB in the previous period[24] - The company's largest shareholder, China National Research Group Co., Ltd., holds 33.09% of the shares, totaling 280,098,368 shares[27] - Hong Kong Securities Clearing Company Limited is the second-largest shareholder with 2.76% ownership, totaling 23,333,652 shares[27] - The number of ordinary shareholders at the end of the reporting period was 73,934[27] Non-Recurring Items and Subsidiary Transactions - Non-recurring gains and losses amounted to 5,737,597.98, including government subsidies and gains from financial assets[6] - The company completed the sale of a 38.7244% stake in its subsidiary, Youyan Rare Earth, to China Rare Earth Group, reducing its ownership from 88.7244% to 45%[13] Operating Costs and R&D Expenses - Operating costs for Q1 2024 were 2,156,774,718.66 RMB, down from 2,866,675,635.37 RMB in Q1 2023[36] - R&D expenses increased to 43,262,658.57 RMB in Q1 2024 from 41,635,358.70 RMB in Q1 2023[36] Revenue from Specific Products - Revenue from rare earth materials decreased by 36%, and revenue from platinum group products decreased by 33% due to falling raw material prices[8]