卫星化学(002648) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥8,804,715,234.95, a decrease of 6.95% compared to ¥9,415,151,630.21 in the same period last year[6]. - Net profit attributable to shareholders increased by 46.55% to ¥1,022,615,451.76 from ¥707,155,290.76 year-on-year[6]. - Basic and diluted earnings per share rose by 42.86% to ¥0.30 from ¥0.21 in the same period last year[6]. - Total operating revenue for Q1 2024 was CNY 8,804,715,234.95, a decrease of 6.9% compared to CNY 9,461,882,305.47 in Q1 2023[24]. - Net profit attributable to shareholders of the parent company reached CNY 1,022,615,451.76, an increase of 46.5% from CNY 697,789,302.76 in Q1 2023[26]. - The company reported a net profit margin of approximately 11.6% for Q1 2024, compared to 7.4% in Q1 2023[26]. Cash Flow - The net cash flow from operating activities decreased by 24.48% to ¥660,779,331.17, down from ¥874,988,234.84 in the previous year[6]. - Total cash inflow from operating activities was ¥8,976,340,827.95, down 11.8% from ¥10,168,834,811.27 in the previous year[29]. - Cash outflow from operating activities totaled ¥8,315,561,496.78, a decrease of 10.5% compared to ¥9,293,846,576.43 in Q1 2023[29]. - The net cash flow from investing activities was -¥957,501,575.85, worsening from -¥811,440,906.66 in the same period last year[30]. - The net cash flow from financing activities was -¥234,985,917.04, compared to a positive cash flow of ¥3,646,795,512.38 in Q1 2023[30]. - The ending balance of cash and cash equivalents was ¥5,642,760,507.29, a decrease from ¥8,997,007,156.04 at the end of Q1 2023[30]. Assets and Liabilities - Total assets at the end of Q1 2024 were ¥65,820,796,247.06, reflecting a 1.92% increase from ¥64,581,962,271.67 at the end of the previous year[6]. - Total liabilities rose to CNY 39,269,365,785.69, slightly up from CNY 39,088,605,353.24 in the previous year[22]. - The company's long-term equity investments were valued at CNY 2,456,290,874.27, slightly down from CNY 2,471,466,117.42 in the previous period[19]. Shareholder Information - The company reported a total of 1,165,589,005 shares held by its largest shareholder, Zhejiang Satellite Holdings Co., Ltd., which constitutes a significant portion of the total share capital[13]. - The top 10 shareholders collectively hold a substantial amount of shares, with the largest shareholder holding 1,165,589,005 shares, accounting for a significant percentage of the total[13]. - The report indicates that there are no significant changes in the shareholder structure due to margin trading activities during the reporting period[16]. Research and Development - Research and development expenses increased by 39.46% to ¥394,117,942.93, compared to ¥282,596,480.67 in the same period last year[9]. - R&D expenses for Q1 2024 amounted to CNY 394,117,942.93, up 39.5% from CNY 282,596,480.67 in Q1 2023[25]. Market Strategy - The company is exploring new strategies for market expansion and product development, although specific details were not disclosed in the report[13]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[24]. Inventory and Receivables - Accounts receivable increased to CNY 897,315,082.20 from CNY 639,438,097.89, reflecting a growth of approximately 40.3%[19]. - Inventory levels rose to CNY 4,727,839,150.49, compared to CNY 4,233,443,857.76, indicating an increase of about 11.7%[19]. - Total current assets reached CNY 13,281,154,412.74, up from CNY 12,732,908,389.32, representing a growth of approximately 4.3%[19]. Financial Assets and Liabilities - The company reported a significant increase of 465.50% in trading financial assets, amounting to ¥243,143,837.65, due to an increase in derivative financial products[9]. - The company experienced a 107.85% increase in trading financial liabilities, reaching ¥1,384,122,714.96, primarily due to an increase in silver leased at fair value[9]. - The company reported a 746.89% increase in other income, totaling ¥132,333,894.64, mainly due to increased VAT deductions[9].