金洲管道(002443) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥1,036,943,121.98, a decrease of 16.60% compared to ¥1,243,375,334.15 in the same period last year[4] - Net profit attributable to shareholders was ¥49,141,031.95, down 21.86% from ¥62,889,741.56 year-on-year[4] - Basic earnings per share decreased by 25.00% to ¥0.09 from ¥0.12 in the same period last year[4] - Net profit for Q1 2024 was CNY 56,664,217.64, a decline of 20.6% from CNY 71,377,916.71 in Q1 2023[16] - The net profit attributable to shareholders of the parent company was CNY 49,141,031.95, down 21.0% from CNY 62,889,741.56 in the previous year[16] - Research and development expenses for Q1 2024 were CNY 32,495,773.03, down 21.9% from CNY 41,609,025.15 in Q1 2023[16] Cash Flow - The net cash flow from operating activities improved to -¥92,858,947.49, a 59.19% increase compared to -¥227,567,310.14 in the previous year[4] - Cash received from sales of goods and services was CNY 1,079,674,501.91, a decrease of 21.7% from CNY 1,378,243,221.42 in the same quarter last year[18] - The net cash flow from investment activities increased to ¥67,051,497.29 from ¥8,016,071.45 year-over-year[19] - The net cash flow from financing activities was -¥8,360,931.52, contrasting with a positive flow of ¥39,236,348.62 in the same quarter last year[19] - The total cash and cash equivalents at the end of Q1 2024 were ¥845,054,869.36, down from ¥547,681,624.34 at the end of Q1 2023[19] - The company reported a total operating cash inflow of ¥1,096,237,071.08, compared to ¥1,402,534,632.44 in the previous year, reflecting a decrease[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,610,592,724.79, a slight decrease of 0.57% from ¥4,636,859,693.61 at the end of the previous year[4] - Total liabilities decreased to CNY 968,485,423.33 from CNY 1,051,788,192.22 year-over-year, reflecting a reduction of 7.9%[16] - Total equity increased to CNY 3,642,107,301.46 from CNY 3,585,071,501.39, representing a growth of 1.6%[16] - Current assets totaled CNY 3,570,965,134.32, showing a marginal decline from CNY 3,573,467,354.59[13] - The cash and cash equivalents decreased to CNY 850,891,653.74 from CNY 887,909,233.21[12] - Accounts receivable amounted to CNY 858,839,201.53, down from CNY 890,150,506.03[12] - Inventory increased to CNY 1,089,606,859.15 from CNY 1,053,672,920.55, indicating a rise in stock levels[13] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 38,246[9] - The largest shareholder, Chenxun (Shanghai) Industrial Co., Ltd., holds 21.24% of the shares, amounting to 110,559,279 shares, with 49,750,000 shares pledged[9] Government Support and Investments - The company received government subsidies amounting to ¥3,626,353.38 during the reporting period[5] - The company is investing in a project to produce 600,000 tons of high-quality welded pipes, with a total investment of CNY 680 million and a construction period of 3 years[11] - The company’s prepayments increased significantly to CNY 371,009,616.47 from CNY 264,756,631.90, indicating higher upfront costs for future projects[13] Accounting and Audit - The company has not yet adopted the new accounting standards for the current year[20] - The Q1 2024 report has not been audited[20] Risks - The company is facing potential risks related to land auction outcomes and changes in project implementation conditions[11]