东材科技(601208) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 920,634,355.21, representing a year-on-year increase of 7.26%[6] - The net profit attributable to shareholders decreased by 28.23% to CNY 50,716,353.68 compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses fell by 36.54% to CNY 37,116,110.01[6] - Total operating revenue for Q1 2024 reached ¥920,634,355.21, an increase of 7.25% compared to ¥858,320,668.73 in Q1 2023[20] - Net profit for Q1 2024 was ¥44,264,399.60, a decrease of 37.73% from ¥71,089,639.71 in Q1 2023[21] - Earnings per share for Q1 2024 were ¥0.06 (basic) and ¥0.05 (diluted), down from ¥0.08 for both in Q1 2023[22] Cash Flow - The net cash flow from operating activities was negative at CNY -192,664,583.03, an increase in outflow of 28.01%[6] - In Q1 2024, the cash inflow from operating activities was CNY 654,443,105.92, a significant increase of 71.4% compared to CNY 381,659,839.74 in Q1 2023[23] - The net cash flow from operating activities was -CNY 192,664,583.03, an improvement from -CNY 267,611,918.76 in the same period last year[24] - The cash inflow from investment activities totaled CNY 237,300,581.52, down 73.7% from CNY 902,439,012.69 in Q1 2023[24] - The net cash flow from investment activities was -CNY 403,812,464.42, worsening from -CNY 65,120,547.23 year-over-year[24] - The cash inflow from financing activities was CNY 1,033,923,617.41, a decrease of 11.3% compared to CNY 1,164,979,098.97 in Q1 2023[24] - The net cash flow from financing activities was CNY 315,919,450.62, down from CNY 424,505,387.47 in the previous year[24] - The total cash and cash equivalents at the end of Q1 2024 were CNY 694,343,232.88, a decrease from CNY 1,437,354,267.04 at the end of Q1 2023[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 10,107,381,717.54, up 1.82% from the end of the previous year[7] - The company's equity attributable to shareholders decreased slightly by 0.01% to CNY 4,569,189,177.96[7] - The total liabilities increased to RMB 3,000,000,000, reflecting the company's ongoing investment and operational strategies[17] - Total liabilities as of Q1 2024 amounted to ¥5,401,229,268.68, an increase from ¥5,214,776,290.84 in Q1 2023[19] - The company's total assets increased to ¥10,107,381,717.54 in Q1 2024 from ¥9,926,704,438.57 in Q1 2023[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 34,421[11] - The top shareholder, Gaojin Technology Industry Group Co., Ltd., holds 19.87% of the shares, totaling 182,387,480 shares[11] Expenses - Total operating costs for Q1 2024 were ¥892,226,577.75, up 12.99% from ¥789,208,494.62 in Q1 2023[20] - Research and development expenses for Q1 2024 totaled ¥34,748,193.47, a decrease of 35.14% compared to ¥53,572,120.70 in Q1 2023[20] - The company reported a decrease in management expenses to ¥20,808,271.95 in Q1 2024 from ¥29,239,009.18 in Q1 2023, a reduction of 28.66%[20] - The company paid CNY 113,241,197.79 in employee compensation, an increase of 6.5% from CNY 106,314,923.55 in Q1 2023[24] - The company reported a cash outflow of CNY 28,513,935.79 for taxes, up 27% from CNY 22,472,332.54 in the same quarter last year[24] - The company experienced a cash outflow of CNY 37,513,926.70 for other operating activities, an increase of 14.8% compared to CNY 32,697,906.33 in Q1 2023[24] Borrowings and Debt - The company reported a significant increase in short-term borrowings by 39.82% due to increased bank loans[9] - Short-term borrowings rose significantly to RMB 1,231,692,110.37 from RMB 880,927,513.86, marking an increase of around 39.8%[17] Inventory and Receivables - The company's accounts receivable increased to RMB 832,270,518.61 from RMB 736,397,954.78, which is an increase of approximately 13%[16] - The company's inventory decreased to RMB 472,480,435.24 from RMB 498,484,425.64, showing a decline of approximately 5.2%[16] Convertible Bonds - The company issued 14 million convertible bonds with a total value of RMB 140,000,000, which are set to mature in 6 years[14] - As of March 31, 2024, the unconverted amount of the convertible bonds was RMB 1,399,933,000, accounting for 99.9952% of the total issuance[14] Impairment Loss - The company experienced a credit impairment loss of ¥3,233,013.16 in Q1 2024, compared to a loss of ¥1,769,941.57 in Q1 2023[21]