振华新材(688707) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was 63,634.49 million RMB, representing a decrease of 68.28% compared to the same period last year[8]. - The net profit attributable to shareholders of the listed company was -13,675.68 million RMB, a decline of 293.59% year-on-year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -13,842.18 million RMB, down 293.44% from the previous year[8]. - The basic and diluted earnings per share were both -0.28 RMB, reflecting a decrease of 275.00% compared to the same period last year[8]. - The net cash flow from operating activities was -131,796.96 million RMB, indicating a significant cash outflow[8]. - Total operating revenue for Q1 2024 was CNY 636,344,860.02, a decrease from CNY 2,006,164,565.53 in Q1 2023[42]. - Net loss for Q1 2024 was CNY -164,953,211.78, a significant decline from a profit of CNY 83,054,132.52 in Q1 2023[42]. - The company reported a net loss of $136,756,760.78 compared to a net profit of $70,641,478.89 in the previous period[51]. - Basic and diluted earnings per share were both -$0.28, down from $0.16 in the prior period[51]. - The total comprehensive loss amounted to $136,756,760.78, reflecting a significant decline from the previous comprehensive income of $70,641,478.89[51]. Research and Development - Research and development expenses totaled 3,018.59 million RMB, a decrease of 19.07% year-on-year[8]. - R&D investment accounted for 4.74% of operating revenue, an increase of 2.88 percentage points compared to the previous year[30]. - Research and development expenses for Q1 2024 were CNY 30,185,944.67, down from CNY 37,300,068.68 in Q1 2023[42]. - The company is focusing on building a competitive supply chain management system to address challenges in the lithium battery cathode material sector[16]. - The company aims to enhance resource utilization efficiency and achieve carbon neutrality through comprehensive recycling of used battery materials[16]. - The company is accelerating the development of high-voltage fast-charging products to meet the growing demand in the electric vehicle sector[35]. - The newly developed sodium-ion battery cathode materials have achieved industry-leading energy density and performance metrics[35]. - The sales and R&D teams are collaborating closely to ensure that technological advantages are effectively translated into market advantages[37]. - The company is implementing measures to improve performance, focusing on R&D innovation, cost reduction, and market expansion[35]. Assets and Equity - Total assets decreased by 0.86% from the end of the previous year, totaling RMB 954,287.43 million[30]. - Total assets as of Q1 2024 were CNY 9,542,874,251.80, slightly down from CNY 9,625,586,342.53 in the previous year[49]. - Shareholders' equity attributable to the parent company increased by 24.56% year-over-year, reaching RMB 483,520.55 million[30]. - Total equity attributable to shareholders increased to CNY 4,835,205,480.58 from CNY 3,881,869,675.36 year-over-year[49]. Cash Flow and Liabilities - Cash and cash equivalents at the end of Q1 2024 totaled CNY 2,465,454,134.16, down from CNY 856,518,197.42 at the end of Q1 2023[45]. - Total liabilities as of Q1 2024 were CNY 4,707,668,771.22, compared to CNY 5,743,716,667.17 in the previous year[42]. - Cash inflow from financing activities in Q1 2024 was CNY 1,283,912,657.96, compared to CNY 681,825,640.41 in Q1 2023[45]. - The company reported a net cash outflow from investment activities of CNY -52,499,670.87 in Q1 2024[45]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 15,467[31].