Anhui Estone Materials Technology (688733)2024-04-29 09:01Financial Performance - The company's operating revenue for Q1 2024 was CNY 113,729,714.98, representing a year-on-year increase of 6.87%[5] - The net profit attributable to shareholders was CNY -17,919,119.60, reflecting a significant decline of 241.04% compared to the same period last year[5] - The basic earnings per share (EPS) was CNY -0.09, indicating a decrease of 250.00% year-on-year[6] - Total operating revenue for Q1 2024 was CNY 113.73 million, an increase of 6.2% compared to CNY 106.42 million in Q1 2023[17] - Net profit for Q1 2024 was a loss of CNY 17.96 million, compared to a profit of CNY 12.70 million in Q1 2023, representing a significant decline[18] - Basic and diluted earnings per share for Q1 2024 were both CNY -0.09, a decrease from CNY 0.06 in Q1 2023[19] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,159,031,455.32, an increase of 6.26% from the end of the previous year[6] - As of March 31, 2024, total assets amounted to RMB 3,159,031,455.32, an increase from RMB 2,972,901,276.30 as of December 31, 2023, reflecting a growth of approximately 6.3%[14] - Current assets totaled RMB 1,397,262,591.58, up from RMB 1,291,467,843.64, indicating an increase of about 8.2%[15] - Total liabilities reached RMB 930,275,165.03, compared to RMB 735,705,168.33, which is an increase of approximately 26.4%[16] - The company's long-term borrowings rose to RMB 373,403,963.89 from RMB 174,761,614.58, reflecting a substantial increase of about 113.0%[16] - Total liabilities and equity increased to CNY 3.16 billion in Q1 2024, up from CNY 2.97 billion in Q1 2023[17] Cash Flow - The net cash flow from operating activities was CNY -34,281,220.82, with a significant decrease attributed to the timing of bill receipts and reduced government subsidies[9] - The company reported a net cash outflow from operating activities of CNY -34.28 million in Q1 2024, worsening from CNY -14.54 million in Q1 2023[22] - Cash inflow from investment activities was CNY 387.58 million in Q1 2024, down from CNY 1.14 billion in Q1 2023[22] - Cash outflow from investment activities totaled CNY 823.47 million in Q1 2024, compared to CNY 1.35 billion in Q1 2023[22] - The net cash flow from financing activities was 41,473,007.79 in the previous period, indicating strong financing performance[23] - The cash outflow from financing activities totaled 25,914,957.92 in the previous period, showing an increase in financing costs[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,466[10] - The largest shareholder, Jiang Xuexin, holds 20.40% of the shares, totaling 40,760,675 shares[11] - The company reported a total of 5% or more shareholders controlling 27.82% of the shares, with Jiang Xinxin being the controlling shareholder[12] - The company has not reported any significant changes in the participation of major shareholders in margin financing and securities lending activities[13] Costs and Expenses - Total operating costs rose to CNY 140.43 million in Q1 2024, up 23.1% from CNY 114.06 million in Q1 2023[17] - Research and development (R&D) expenses totaled CNY 15,864,211.24, accounting for 13.95% of operating revenue, a decrease of 0.27 percentage points from the previous year[6] - The company experienced a decline in net profit due to increased competition leading to lower product prices and higher unit costs from depreciation[8] Inventory and Equity - Inventory decreased to RMB 104,264,001.63 from RMB 121,786,574.19, showing a decline of about 14.5%[15] - The total equity stood at RMB 2,228,756,290.29, up from RMB 2,237,196,107.97, indicating a slight decrease of approximately 0.4%[16] - The company's cash and cash equivalents decreased to RMB 335,755,895.60 from RMB 602,372,393.06, representing a decline of approximately 44.4%[14] - The trading financial assets increased significantly to RMB 695,206,655.94 from RMB 315,204,642.49, marking a growth of around 120.5%[14]