东港股份(002117) - 2024 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2024 was CNY 303,805,024.48, a decrease of 0.23% compared to CNY 304,514,735.42 in the same period last year[4] - Net profit attributable to shareholders decreased by 6.43% to CNY 43,417,783.89 from CNY 46,399,690.27 year-on-year[4] - Basic and diluted earnings per share both decreased by 6.35% to CNY 0.0796 from CNY 0.0850[4] - The net profit for the first quarter of 2024 was CNY 43,417,783.89, a decrease of 7.3% compared to CNY 46,687,008.94 in the same period last year[17] - Operating profit for the quarter was CNY 51,051,321.42, a decrease of 7.3% from CNY 55,297,562.70 in the prior year[17] - The total profit before tax was CNY 51,091,465.55, compared to CNY 55,249,121.48 in the same quarter last year, indicating a decrease of 7.8%[17] Cash Flow and Liquidity - Net cash flow from operating activities improved by 43.51%, reaching CNY -68,117,102.57 compared to CNY -120,579,168.49 in the previous year[7] - Cash and cash equivalents decreased significantly to CNY 126,056,279.36 from CNY 809,359,053.52, indicating a liquidity challenge[14] - Total cash and cash equivalents at the end of the quarter were CNY 99,482,945.58, compared to CNY 71,449,880.51 at the end of the previous year[19] - Cash inflow from investment activities was CNY 265,629,404.36, significantly higher than CNY 160,287,768.49 in the same period last year[19] - The net cash outflow from investment activities was CNY 530,622,780.35, slightly improved from CNY 582,364,007.63 in the previous year[19] Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 2,027,441,396.02, down 8.36% from CNY 2,212,452,178.08 at the end of the previous year[4] - Total liabilities decreased to CNY 538,862,497.89 from CNY 645,799,889.57, showing a reduction in financial obligations[15] - Shareholders' equity attributable to shareholders decreased by 4.98% to CNY 1,488,578,898.13 from CNY 1,566,652,288.51[4] Operational Efficiency - Total operating costs increased to CNY 251,421,102.29, up 1.10% from CNY 247,878,336.49 in the prior period[16] - The company's net profit margin for the quarter was impacted by rising operating costs, particularly in sales and management expenses[16] - Accounts receivable increased to CNY 237,367,102.92 from CNY 213,454,142.18, reflecting a growing credit risk[14] - Inventory levels decreased to CNY 122,954,654.41 from CNY 185,882,049.90, suggesting improved inventory management[14] Research and Development - The company is focusing on enhancing its research and development efforts, with R&D expenses reported at CNY 14,520,821.48, down from CNY 16,451,114.87[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 28,044[9] - The top three shareholders held a combined 29.60% of the shares, with Beijing Zhongjiahua Information Technology Co., Ltd. holding 11.17%[9] Non-recurring Items - Non-recurring gains and losses totaled CNY 3,010,517.11, including government subsidies of CNY 2,739,711.26[5] - The company benefited from tax incentives, leading to a reduction in tax liabilities due to decreased expenses related to lottery prize payouts[7] Market Activity - The company did not report any new product launches or significant market expansion strategies during this quarter[20]