中重科技(603135) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 116,440,899.47, a decrease of 61.68% compared to the same period last year[3]. - The net profit attributable to shareholders was CNY 15,245,741.31, down 69.2% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 12,544,602.66, a decline of 74.62% compared to the previous year[3]. - The basic earnings per share were CNY 0.03, reflecting a decrease of 78.57% year-on-year[3]. - The weighted average return on net assets was 0.49%, a decrease of 2.79 percentage points from the previous year[3]. - The company reported a net profit margin of approximately 10.0% for Q1 2024, down from 10.5% in Q1 2023[18]. - In Q1 2024, the company's net profit was CNY 15,245,741.31, a decrease of 69.1% compared to CNY 49,502,166.34 in Q1 2023[19]. - Operating profit for Q1 2024 was CNY 19,346,251.01, down 65.6% from CNY 56,363,798.65 in the same period last year[19]. - Total revenue from operating activities was CNY 116,424,710.32, a decline of 26.8% compared to CNY 159,154,113.20 in Q1 2023[23]. - The company reported a net cash outflow from operating activities of CNY -75,384,016.34, worsening from CNY -10,415,856.20 in Q1 2023[23]. - Basic and diluted earnings per share for Q1 2024 were CNY 0.03, down from CNY 0.14 in Q1 2023[20]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,903,456,437.01, an increase of 0.44% from the end of the previous year[3]. - Cash and cash equivalents as of March 31, 2024, were CNY 1,496,760,996.48, a decrease from CNY 1,563,077,699.48 as of December 31, 2023[12]. - Accounts receivable increased to CNY 513,431,892.90 in Q1 2024 from CNY 424,308,540.50 in Q4 2023, representing a growth of 21.0%[13]. - Inventory as of March 31, 2024, was CNY 255,311,741.20, up from CNY 232,133,084.73 at the end of 2023, indicating an increase of 10.0%[13]. - Total assets as of March 31, 2024, amounted to CNY 3,903,456,437.01, compared to CNY 3,886,192,342.28 at the end of 2023, reflecting a growth of 0.4%[15]. - Total liabilities as of March 31, 2024, were CNY 813,236,684.90, slightly up from CNY 810,717,242.30 at the end of 2023[14]. - The company's equity attributable to shareholders increased to CNY 3,090,219,752.11 from CNY 3,075,475,099.98, marking a rise of 0.5%[15]. Operational Challenges and Strategies - The company faced significant revenue decline due to delayed project deliveries in the steel industry, impacting cash flow and profitability[6]. - The company is actively promoting advanced high-efficiency production lines domestically and expanding into overseas markets to mitigate the impact of domestic economic cycles[6]. - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[12]. Non-Recurring Gains and Expenses - Non-recurring gains included government subsidies amounting to CNY 32,395.00 and fair value changes of financial assets totaling CNY 3,141,369.87[5]. - Research and development expenses decreased to CNY 8,469,375.17 in Q1 2024 from CNY 10,626,187.80 in Q1 2023, a reduction of 20.2%[19]. - The company incurred financial expenses of CNY -8,071,261.59 in Q1 2024, compared to CNY -2,310,009.92 in Q1 2023, indicating a significant increase in financial costs[19]. - The company experienced a cash outflow from investing activities of CNY -8,582,362.17 in Q1 2024, compared to CNY -55,842,123.95 in Q1 2023[23]. - The net cash flow from financing activities was CNY -501,089.18 in Q1 2024, a significant decrease from CNY 1,531,075,471.70 in Q1 2023[24].