Financial Performance - The company's revenue for Q1 2024 was ¥76,231,363.05, a decrease of 52.46% compared to ¥160,357,897.05 in the same period last year[5] - The net profit attributable to shareholders was -¥148,957.81, representing a decline of 100.53% from ¥27,957,211.34 in the previous year[5] - The company's basic and diluted earnings per share were both ¥0.00, down 100.00% from ¥0.09 in the same period last year[5] - Net profit for Q1 2024 was a loss of CNY 465,288.51, compared to a profit of CNY 27,868,793.34 in the same period last year[21] - Total operating revenue for Q1 2024 was CNY 76,231,363.05, a decrease from CNY 160,357,897.05 in the previous period[19] - Total operating costs for Q1 2024 were CNY 78,574,159.83, down from CNY 130,188,682.50 year-over-year[19] Cash Flow - The net cash flow from operating activities was -¥32,884,693.48, a decrease of 171.29% compared to -¥12,121,387.69 in the same period last year[10] - The company reported a net cash outflow from operating activities of CNY -32,884,693.48, compared to CNY -12,121,387.69 in the previous year[23] - The net cash flow from investment activities was -32,462,711.55 CNY, compared to -310,248,064.49 CNY in the previous period, indicating an improvement[24] - The total cash and cash equivalents at the end of the period were 924,066,568.71 CNY, down from 1,158,393,696.35 CNY at the beginning of the period[24] - The net increase in cash and cash equivalents was -64,974,763.25 CNY, compared to -319,517,636.58 CNY in the previous period, showing a significant reduction in cash outflow[24] - The cash inflow from financing activities was 361,985.83 CNY, a decrease from 6,750,000.00 CNY in the previous period[24] - The cash outflow from financing activities totaled 3,898,184.40 CNY, with no dividends or interest payments reported[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,266,047,826.33, a slight decrease of 0.31% from ¥2,273,090,667.35 at the end of the previous year[5] - Current assets decreased from CNY 1,700,431,073.97 to CNY 1,668,354,951.48, primarily due to a reduction in cash and cash equivalents[16] - The company's cash and cash equivalents stood at CNY 926,744,292.12, down from CNY 991,294,824.85[16] - Total current liabilities decreased from CNY 82,901,651.35 to CNY 71,879,347.06, showing improved short-term financial health[17] - Non-current liabilities increased from CNY 117,285,356.75 to CNY 136,809,956.04, indicating a rise in long-term obligations[17] - The company’s total liabilities increased to CNY 208,689,303.10 from CNY 200,187,008.10[18] - Total equity attributable to shareholders decreased to CNY 2,034,817,539.54 from CNY 2,050,064,475.87[18] Inventory and Receivables - Inventory at the end of the period increased by 79.80% to ¥49,291,200 due to unsold stock from the holiday period[9] - Accounts receivable increased from CNY 627,380,610.29 to CNY 640,618,952.07, indicating a rise in credit sales[16] - Inventory rose significantly from CNY 27,414,590.98 to CNY 49,291,242.11, reflecting increased stock levels[16] Investment and Income - Investment income increased by 96.19% to ¥2,481,400, attributed to higher amounts in structured deposits compared to the previous year[9] - Cash inflow from investment activities was CNY 1,255,761,311.66, significantly higher than CNY 405,868,801.53 in the previous period[23] - The company reported a significant decrease in comprehensive income attributable to shareholders, totaling -¥148,957.81, a decline of 100.53% from the previous year[9] Other Financial Information - The company did not undergo an audit for the first quarter report, which remains unaudited[25] - The company is implementing new accounting standards starting in 2024, which may affect future financial reporting[25] - The company is actively managing its financial structure, as evidenced by the changes in both current and non-current liabilities[17] - The company reported a decrease in employee compensation payable from CNY 19,120,484.06 to CNY 12,393,520.57, suggesting a reduction in payroll liabilities[17] - The deferred income tax assets increased from CNY 10,952,020.16 to CNY 30,175,907.24, indicating potential future tax benefits[17] - Research and development expenses for Q1 2024 were CNY 2,631,455.52, down from CNY 3,336,374.26 year-over-year[19]
华新环保(301265) - 2024 Q1 - 季度财报