Financial Performance - The company's revenue for Q1 2024 was ¥449,697,827.65, representing an increase of 18.33% compared to ¥380,038,416.74 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥18,037,966.61, a decrease of 1,077.31% from a profit of ¥1,845,667.37 in the previous year[5] - The net cash flow from operating activities was a negative ¥108,154,969.18, down 839.77% from ¥14,620,101.91 in the same period last year[5] - The company reported a basic and diluted earnings per share of -¥0.0732, a decline of 1,076.00% from ¥0.0075 in the previous year[5] - The net profit for Q1 2024 was -20,771,564.51 CNY, compared to -868,097.44 CNY in Q1 2023, indicating a significant decline in profitability[24] - Operating profit for Q1 2024 was -8,279,998.23 CNY, down from 927,020.74 CNY in the same period last year[24] - The company reported a total comprehensive income of -21,284,420.77 CNY for Q1 2024, compared to -999,103.05 CNY in Q1 2023[24] Cash Flow - The net cash flow from operating activities for Q1 2024 was -108,154,969.18 CNY, compared to a positive cash flow of 14,620,101.91 CNY in Q1 2023[27] - The net cash flow from investing activities for Q1 2024 was -267,022,080.97 CNY, worsening from -71,027,730.11 CNY in the previous year[27] - The net cash flow from financing activities improved to 187,650,908.41 CNY in Q1 2024, compared to 34,423,633.54 CNY in Q1 2023[28] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥5,022,974,657.81, a decrease of 0.89% from ¥5,067,890,065.16 at the end of the previous year[5] - The company's current assets totaled CNY 2,496,467,425.18 as of March 31, 2024, a decrease of 2.9% from CNY 2,570,201,963.95 at the beginning of the year[21] - Total liabilities decreased to CNY 3,403,905,977.76 from CNY 3,429,756,635.99, a reduction of 0.8%[22] - The company's equity attributable to shareholders decreased to CNY 1,486,943,114.14 from CNY 1,503,274,265.35, a decline of 1.1%[22] Expenses - The company’s research and development expenses decreased by 24.04% to ¥23,666,787.24 from ¥31,156,172.86 in the same period last year, reflecting a strategic adjustment in the R&D team[12] - Financial expenses increased by 75.19% to ¥25,825,433.57 due to interest payments related to the issuance of convertible bonds[12] - The company’s sales expenses rose by 24.70% to ¥37,428,212.64, driven by increased marketing efforts to expand business scale[11] - The company's credit impairment losses increased by 266.74% to -¥4,475,450.72, indicating a rise in uncollectible receivables[12] Shareholder Information - The total number of common shareholders at the end of the reporting period was 9,842, with no preferred shareholders having restored voting rights[16] - The largest shareholder, Zhuhai Kaiyue High-tech Industry Investment Co., Ltd., holds 45.07% of the shares, totaling 111,037,499 shares[16] - The second-largest shareholder, Zhuhai Zhi Yi Equity Investment Enterprise, holds 4.85% of the shares, totaling 11,957,110 shares[16] - The top ten shareholders collectively hold significant stakes, with the largest three shareholders accounting for over 54% of the total shares[16] - There were no changes in the number of preferred shareholders or any significant changes in restricted shares during the reporting period[18] - The total number of restricted shares at the beginning of the period was 138,050, with 5 shares added during the period due to adjustments in executive lock-up shares[19] - The company has not disclosed any related party transactions or agreements among shareholders beyond those already mentioned[18] Revenue and Costs - Total operating revenue for Q1 2024 reached CNY 449,697,827.65, an increase of 18.3% compared to CNY 380,038,416.74 in Q1 2023[23] - Total operating costs for Q1 2024 were CNY 474,077,751.42, up from CNY 388,887,192.27 in the same period last year, reflecting a rise of 21.9%[23] - Total revenue from sales in Q1 2024 reached 536,910,310.80 CNY, an increase from 433,894,669.07 CNY in Q1 2023, reflecting a growth of approximately 23.8%[27] Cash and Inventory - Cash and cash equivalents decreased to CNY 347,584,283.74 from CNY 529,051,760.24, representing a decline of 34.3%[20] - Accounts receivable stood at CNY 1,254,592,889.30, down 10.4% from CNY 1,400,944,465.72 at the start of the year[20] - Inventory increased to CNY 326,934,530.46, up 24.1% from CNY 263,408,086.18[21] - Cash and cash equivalents at the end of Q1 2024 were 247,043,426.62 CNY, down from 434,134,236.13 CNY at the beginning of the period[28]
志特新材(300986) - 2024 Q1 - 季度财报