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康欣新材(600076) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 52,505,873.56, representing a 108.35% increase compared to CNY 16,186,734.66 in the same period last year[5] - The net profit attributable to shareholders was a loss of CNY 33,648,255.67, slightly improved from a loss of CNY 34,937,875.48 in the previous year[5] - The basic and diluted earnings per share were both CNY -0.03, unchanged from the same period last year[6] - The company reported a significant increase in operating costs by 155.62%, correlating with the revenue growth[10] - Total operating revenue for Q1 2024 reached ¥52,505,873.56, a significant increase of 108.3% compared to ¥25,200,835.36 in Q1 2023[22] - Total operating costs for Q1 2024 were ¥87,781,089.36, up 46.3% from ¥60,064,020.46 in Q1 2023[22] - Net loss for Q1 2024 was ¥34,484,110.35, compared to a net loss of ¥33,595,349.15 in Q1 2023, indicating a slight increase in losses[23] - Basic and diluted earnings per share remained at -¥0.03 for both Q1 2024 and Q1 2023[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,981,809,625.34, a decrease of 0.21% from CNY 7,197,570,547.47 at the end of the previous year[6] - As of March 31, 2024, the total assets amounted to RMB 6,981,809,625.34, a slight decrease from RMB 6,996,844,224.74 as of December 31, 2023[17] - The company's total liabilities as of Q1 2024 amounted to ¥2,575,075,733.11, a slight increase from ¥2,555,734,076.79 in Q1 2023[20] - The total equity attributable to shareholders was ¥4,312,448,328.09 in Q1 2024, down from ¥4,346,041,577.90 in Q1 2023[20] Cash Flow - The company's cash flow from operating activities was CNY 3,274,129.72, a significant improvement from a negative cash flow of CNY -30,096,354.42 in the same period last year[6] - Cash flow from operating activities generated a net inflow of ¥3,274,129.72 in Q1 2024, a recovery from a net outflow of ¥32,940,089.23 in Q1 2023[25] - The net cash flow from investing activities was -$2,300,951.79, indicating a significant outflow compared to the previous period's outflow of -$50,859,789.55[26] - Cash inflow from financing activities totaled $114,000,000.00, while the previous period reported $1,153,750,000.00[26] - The net cash flow from financing activities was $965,504.64, a decrease from the previous period's $84,062,197.38[26] - The ending cash and cash equivalents balance was $179,261,295.97, compared to $231,109,884.44 in the previous period[26] - The net increase in cash and cash equivalents for the period was $1,938,682.57, compared to a smaller increase of $262,318.60 in the previous period[26] Accounts and Inventory - Accounts receivable decreased by 33.74%, primarily due to improved sales collection during the period[10] - Accounts receivable decreased to RMB 56,788,122.59 from RMB 85,702,516.64, representing a decline of approximately 33.8%[17] - Inventory increased to RMB 3,896,424,656.18 from RMB 3,853,329,417.23, showing a growth of about 1.12%[18] - Prepayments increased by 466.33%, mainly due to advance payments received for environmental board sales[10] - Contract liabilities rose by 174.31%, attributed to advance payments received for engineering projects[10] Shareholder Information - The company reported a total of 516,902,585 shares held by Wuxi Construction Development Investment Co., Ltd., representing 38.44% of the total shares[14] - The number of shares held by major shareholders remained stable, with no significant changes reported in the first quarter[15] Research and Development - The company has ongoing research and development efforts, although specific new products or technologies were not detailed in the report[16] - Research and development expenses decreased to ¥250,788.25 in Q1 2024 from ¥1,409,834.05 in Q1 2023, reflecting a 82.2% reduction[22] Future Outlook - Future outlook remains cautiously optimistic, with a focus on market expansion and potential strategic acquisitions[16] Acquisition - The company completed the acquisition of 51% of Wuxi Qingshan Green Building Co., Ltd. in May 2023, necessitating retrospective adjustments to financial data[6]