Financial Performance - The company's operating revenue for the current period reached ¥699,699,335.80, representing a 26.19% increase compared to ¥554,472,832.59 in the same period last year[25]. - Net profit attributable to shareholders of the listed company decreased by 4.18% to ¥34,618,032.24 from ¥36,126,893.20 year-on-year[25]. - The net profit after deducting non-recurring gains and losses was ¥28,794,548.23, down 15.30% from ¥33,997,279.37 in the previous year[25]. - The company achieved a comprehensive income total of 34,618,159.85, down from 36,126,893.20, a decrease of approximately 4.2%[68]. - Basic and diluted earnings per share decreased to 0.33 from 0.35, reflecting a decline of about 5.7%[68]. Cash Flow - The net cash flow from operating activities for Q1 2024 was -159,248,904.07 RMB, a decrease of 80.86% compared to -88,051,588.96 RMB in Q1 2023[12]. - The net cash flow from investing activities was -272,194,627.01 RMB, a decline of 276.91% from 153,856,574.31 RMB in the previous year[12]. - The net increase in cash and cash equivalents was -375,671,589.43 RMB, down 303.72% from 184,408,965.71 RMB in Q1 2023[12]. - The company received 424,645,587.35 RMB in cash from operating activities, a slight decrease from 439,446,644.33 RMB in the previous year[21]. - The net cash flow from financing activities was 55,239,496.17, down from 120,268,808.74 in the previous period, suggesting reduced financing inflows[50]. Assets and Liabilities - Total assets increased by 6.94% to ¥3,320,041,516.77 from ¥3,104,454,990.52 at the end of the previous year[25]. - The total liabilities increased to 1,661,026,225.91 RMB, up from 1,480,588,732.53 RMB, reflecting a significant rise in operational scale[18]. - The total current liabilities increased to 1,248,154,755.88 from 1,074,594,018.75, marking a rise of about 16.2%[65]. - Shareholders' equity attributable to the listed company increased by 2.13% to ¥1,658,515,163.25 from ¥1,623,866,257.99 at the end of the previous year[25]. Inventory and Accounts - The total inventory increased by 45.65% to 273,349,740.86 RMB from 187,680,550.25 RMB, attributed to expanded production scale[11]. - The company's accounts payable rose by 38.19% to 187,511,987.23 RMB, driven by increased procurement[11]. - The company's accounts receivable rose to 892,514,564.08 from 838,771,270.76, indicating an increase of approximately 6.4%[64]. - Accounts receivable financing rose by 88.24% to 267,040,671.51, reflecting an increase in high-credit-rated bank acceptance bills held by the company[56]. Research and Development - Research and development expenses for the current period were ¥14,369,627.22, compared to ¥16,169,967.48 in the previous year, indicating a decrease in R&D investment[47]. - The company has made significant progress in the development of new materials suitable for solar photovoltaic cell components, achieving good results in customer validation[43]. - The company continues to focus on its core business while diversifying into new material product development and promotion[43]. Sustainability and Innovation - The company was recognized as one of the first "green factories" in Suzhou, emphasizing its commitment to sustainable development[62]. - The company plans to continue implementing its green development strategy to enhance its green manufacturing capabilities[62]. - The company aims to continue its focus on innovation and industry leadership, having been recognized as a national "Manufacturing Single Champion Enterprise" during the reporting period[14]. Other Financial Metrics - Operating costs for Q1 2024 were 644,739,034.17, a 33.75% increase from the same period last year, attributed to expanded sales scale[57]. - Other income increased significantly by 12,121.47% to 10,032,656.63, mainly due to increased government subsidies related to daily operations[57]. - The company's monetary funds decreased by 37.63% to 567,532,733.79, primarily due to increased cash expenditures for purchasing trading financial assets[56]. - The trading financial assets increased by 136.98% to 435,000,000.00, indicating effective cash management using temporarily idle raised funds[56].
宇邦新材(301266) - 2024 Q1 - 季度财报