盛泰集团(605138) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥1,003,908,859.16, representing a decrease of 23.32% compared to the same period last year[5] - Net profit attributable to shareholders was ¥6,788,170.36, down 87.98% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥6,240,284.48, a decrease of 81.49% compared to the previous year[5] - The basic earnings per share (EPS) was ¥0.01, reflecting a decline of 90.00% year-on-year[5] - The diluted EPS was also ¥0.01, down 88.89% compared to the same period last year[6] - The weighted average return on equity (ROE) decreased by 1.69 percentage points to 0.26% at the end of the reporting period[6] - Total revenue for Q1 2024 was ¥1,003,908,859.16, a decrease of 23.3% compared to ¥1,309,148,387.48 in Q1 2023[21] - Operating profit for Q1 2024 was ¥3,643,859.12, a significant decline from ¥61,088,305.32 in Q1 2023[23] - Net profit for Q1 2024 was ¥4,127,440.53, compared to ¥62,231,964.98 in Q1 2023, indicating a substantial drop[23] - The total comprehensive income for Q1 2024 was ¥21,087,091.75, down from ¥29,509,997.41 in Q1 2023, representing a decline of 28.5%[24] - Basic earnings per share for Q1 2024 were ¥0.01, a decrease of 90.0% from ¥0.10 in Q1 2023[24] - The company recorded a tax expense of ¥295,609.54 in Q1 2024, significantly lower than ¥5,523,925.09 in Q1 2023[24] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥7,188,321,916.47, a decrease of 2.35% from the end of the previous year[6] - Non-current assets totaled ¥4,772,953,459.56 as of March 31, 2024, slightly up from ¥4,757,445,215.35 at the end of 2023[18] - Total liabilities decreased to ¥4,417,360,355.34 from ¥4,548,096,597.72 at the end of 2023, reflecting a reduction in financial obligations[18] - Current liabilities decreased to ¥1,957,681,024.83 from ¥2,296,088,613.17 at the end of 2023, showing improved liquidity management[18] Shareholder Information - Total number of common shareholders at the end of the reporting period is 14,566[12] - The largest shareholder, Ningbo Shengtai Textile Co., Ltd., holds 168,517,000 shares, accounting for 30.3% of total shares[12] - The top ten shareholders include both domestic and foreign entities, with significant stakes held by Ningbo Shengtai Textile Co., Ltd. and Itochu Corporation[12] - The total number of shares held in the company's repurchase account is 1,492,500, representing 0.27% of the total share capital as of March 31, 2023[13] - The company has not reported any significant changes in the shareholding structure due to margin trading activities[13] Cash Flow and Investments - Cash flow from operating activities in Q1 2024 was ¥116,382,181.85, a decrease of 13.3% from ¥134,266,326.23 in Q1 2023[26] - The company reported cash inflow from investing activities of ¥108,755,726.43 in Q1 2024, compared to ¥61,111,819.07 in Q1 2023, indicating a significant increase[27] - The net cash flow from financing activities in Q1 2024 was -¥66,409,186.62, contrasting with a positive cash flow of ¥386,257,662.79 in Q1 2023[27] - The cash and cash equivalents at the end of Q1 2024 stood at ¥464,268,164.26, down from ¥1,362,667,347.65 at the end of Q1 2023[27] - As of March 31, 2023, the company's cash and cash equivalents amount to ¥464,810,633.26, down from ¥520,623,575.08 at the end of 2022, a decrease of approximately 10.8%[16] Operational Efficiency - Total current assets decreased to ¥2,415,368,456.91 from ¥2,603,939,203.73, reflecting a decline of about 7.2%[16] - Inventory decreased to ¥901,581,521.75 from ¥1,011,149,680.59, a reduction of approximately 10.9%[16] - The company reported a decrease in research and development expenses to ¥4,942,721.15 in Q1 2024 from ¥13,751,339.06 in Q1 2023, indicating a shift in investment strategy[23] - The company experienced a significant decline in profitability due to external environmental factors affecting operating revenue and net profit[9] Other Information - Non-recurring gains and losses included a gain from the disposal of non-current assets of ¥2,984,137.77 and government subsidies of ¥6,277,029.63[8] - The company maintained goodwill at ¥59,636,220.58, unchanged from the previous quarter, indicating stability in intangible assets[18] - Deferred income tax assets increased to ¥156,696,384.62 from ¥142,725,962.03, suggesting potential future tax benefits[18] - The company reported a significant increase in other comprehensive income, with a net amount of ¥17,255,260.76 in Q1 2024 compared to -¥25,858,042.48 in Q1 2023[24] - The company has not reported any new product launches or technological advancements in the current report[14]