西部建设(002302) - 2024 Q1 - 季度财报

Financial Performance - The net profit attributable to the parent company decreased by 86.97% due to a decline in market prices of major products and a decrease in sales gross margin [11]. - The company reported a net loss of approximately ¥110.29 million, compared to a net loss of ¥59.07 million in the previous period, indicating a significant increase in losses [37]. - Total operating revenue for the current period was ¥2.45 billion, up from ¥2.06 billion in the previous period, reflecting a growth of approximately 18.9% [40]. - The operating profit (loss) was reported at ¥-105.38 million, compared to ¥-49.85 million in the previous period, showing a worsening of operational performance [37]. - Basic and diluted earnings per share were both reported at ¥-0.0905, compared to ¥-0.0484 in the previous period, indicating a decline in profitability per share [39]. - The company recorded a total comprehensive loss of approximately ¥109.25 million, compared to a loss of ¥60.79 million in the previous period [37]. - Net profit attributable to shareholders was -¥114,290,964.83, representing an 86.97% decline from -¥61,128,131.75 year-over-year [62]. - Net profit attributable to shareholders after deducting non-recurring gains and losses was -¥127,333,386.97, a decrease of 94.83% compared to -¥65,356,708.71 in the previous year [62]. - Basic and diluted earnings per share were both -¥0.0905, down 86.98% from -¥0.0484 year-over-year [62]. Cash Flow and Liquidity - Cash and cash equivalents decreased by 43.97% compared to the beginning of the period, attributed to increased payments for goods [11]. - The company reported a significant increase in net cash flow from financing activities, due to a decrease in cash paid for other financing activities [12]. - The net cash flow from operating activities was ¥-1.62 billion, an improvement from ¥-2.05 billion in the previous period, suggesting a reduction in cash burn [40]. - Cash and cash equivalents at the end of the period stood at approximately ¥2.12 billion, slightly down from ¥2.12 billion at the end of the previous period [42]. - The company incurred operating cash outflows totaling approximately ¥4.10 billion, a slight decrease from ¥4.14 billion in the previous period [40]. Assets and Liabilities - Total assets increased to ¥34,542,404,588.22 from ¥34,403,162,380.26, reflecting a growth of approximately 0.4% [29]. - Current liabilities rose to ¥21,574,289,209.54 from ¥21,282,665,588.54, an increase of about 1.4% [31]. - Cash and cash equivalents decreased significantly to ¥2,213,394,978.58 from ¥3,950,526,091.97, a decline of approximately 44% [33]. - Accounts receivable increased to ¥25,301,570,182.82 from ¥23,405,733,740.60, representing an increase of about 8.1% [33]. - Inventory rose to ¥441,356,173.72 from ¥366,266,016.84, marking an increase of approximately 20.5% [33]. - Non-current liabilities decreased to ¥1,976,621,000.50 from ¥2,044,106,175.50, a reduction of about 3.3% [31]. - The total equity attributable to shareholders decreased to ¥9,823,811,093.04 from ¥9,932,862,503.29, a decline of approximately 1.1% [31]. - The company’s total liabilities increased to ¥23,550,910,210.04 from ¥23,326,771,764.04, an increase of about 1% [31]. Investments and Development - Development expenditures increased by 83.47% compared to the beginning of the period, reflecting growth in capitalized R&D [11]. - Research and development expenses were ¥80,404,908.56, down from ¥99,936,848.48 in the previous year [62]. - The company plans to continue focusing on market expansion and new product development to drive future growth [42]. Shareholder and Capital Structure - The number of ordinary shareholders at the end of the reporting period was 53,413 [15]. - The company plans to raise a total of 1,483.51 million RMB through the issuance of 211,326,283 shares at a price of 7.02 RMB per share [18]. - Strategic investors, including China Construction Southwest Design Institute and Conch Cement, will subscribe to 21,562,673 shares and 189,763,610 shares, respectively [18]. - The company extended the validity period of the non-public offering resolution by 12 months, now set to expire on February 15, 2025 [18]. - The company has received approval from the Shenzhen Stock Exchange for its application to issue shares to specific investors [18]. - The total number of shares to be issued in the non-public offering has been adjusted to 211,326,283 shares [18]. - The company has been actively responding to feedback from the China Securities Regulatory Commission regarding its non-public offering application [18]. - The company’s major shareholders include China Construction Group and its subsidiaries, holding significant stakes in the company [20]. - The company has made several adjustments to its non-public offering plan since its initial proposal in 2021 [23]. - The company’s stock issuance plan aims to enhance its capital structure and support future growth initiatives [18]. Other Income and Subsidies - Other income increased by 215.21% year-on-year, primarily due to an increase in government subsidies related to operating activities [11]. - The company’s total government subsidies recognized during the period were ¥6,421,984.30 [9]. - The company reported an increase in other comprehensive income, with a net amount of approximately ¥1.04 million, compared to a loss of ¥1.72 million in the previous period [37].