和远气体(002971) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥357,060,149.66, a decrease of 11.97% compared to ¥405,599,521.59 in the same period last year[5] - Net profit attributable to shareholders was ¥30,166,104.08, down 1.49% from ¥30,621,481.91 year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥25,004,362.87, a decline of 16.97% compared to ¥30,114,651.60 in the previous year[5] - The net cash flow from operating activities was negative at -¥35,604,172.60, a significant decrease of 314.12% from -¥8,597,586.87 in the same period last year[5] - Total operating revenue for Q1 2024 was CNY 357.06 million, a decrease of 11.95% compared to CNY 405.60 million in the same period last year[28] - Operating profit for the first quarter is CNY 34,267,944.61, down from CNY 36,599,952.59, indicating a decrease of about 6.4% year-over-year[29] - Total revenue from operating activities decreased to CNY 277,394,345.34 from CNY 383,508,512.57, reflecting a decline of approximately 27.7%[30] - The net cash flow from operating activities is negative at CNY -35,604,172.60, compared to CNY -8,597,586.87 in the previous year, worsening by approximately 314.5%[30] - The basic and diluted earnings per share remain stable at CNY 0.19 for both periods[29] Assets and Liabilities - The total assets at the end of Q1 2024 were ¥4,426,508,820.97, an increase of 8.64% from ¥4,074,554,778.02 at the end of the previous year[5] - The company's cash and cash equivalents decreased to CNY 161.39 million from CNY 241.99 million at the beginning of the period, a decline of 33.33%[26] - Accounts receivable increased to CNY 284.42 million from CNY 214.41 million, reflecting a rise of 32.61%[26] - Inventory rose to CNY 66.45 million, up 9.93% from CNY 60.93 million at the beginning of the period[27] - Non-current assets totaled CNY 3.50 billion, an increase of 11.31% from CNY 3.14 billion at the beginning of the period[27] - The company’s total assets reached CNY 4.43 billion, up 8.63% from CNY 4.07 billion at the beginning of the period[27] Research and Development - Research and development expenses increased by 63.97% to ¥7,093,920.44 from ¥4,326,226.94 year-on-year, indicating a focus on innovation[12] - The company reported an increase in research and development expenses to CNY 7,093,920.44 from CNY 4,326,226.94, representing a growth of approximately 64.2%[29] Financing Activities - The company reported a 40.63% increase in short-term borrowings, rising to ¥633,550,000.00 from ¥450,500,000.00, indicating increased financing activities[10] - The cash flow from financing activities saw a net increase, primarily due to an increase in financing lease receipts, which rose to ¥400,385,307.09 from ¥199,753,500.00, a growth of 100.44%[14] - Cash flow from financing activities generated a net inflow of CNY 355,155,462.66, significantly up from CNY 192,855,335.62, marking an increase of about 84.3%[31] Government Support - The company received government subsidies amounting to ¥8,250,907.03, a significant increase of 209.04% compared to ¥2,669,842.32 in the previous year[12] Production and Projects - The company has initiated a new project for electronic specialty gases and electronic chemicals with a total investment of RMB 370 million[20] - The annual production capacity of electronic-grade high-purity ammonia has reached 20,000 tons, with trial production conditions met as of August 2023[21] - The project for producing high-purity carbon monoxide and methane has commenced trial production, contributing to the electronic specialty gases project[21] - The company has established a new electronic specialty gases and functional materials industrial park in Yichang, covering an area of 880 acres[23] - The Yichang project includes a facility for producing 80,000 tons/year of photovoltaic-grade trichlorosilane, which is now ready for trial production[23] - The company has a total of 15.27 million tons of ammonia water and food-grade carbon dioxide in trial production as part of its electronic specialty gases project[22] - The company is focused on enhancing its competitiveness in the electronic specialty gases and chemicals sector, which is expected to improve profitability[22] - Risks associated with the transition from trial production to full capacity and market demand fluctuations have been highlighted[22] - The company invested CNY 48.83 million to expand the electronic-grade silane project to 5,000 tons/year in Yichang Industrial Park[24] - As of February 2024, the production facilities for trichlorosilane and silicon tetrachloride have stabilized, and the planned 5,000 tons/year electronic-grade silane is ready for trial production[25] Shareholder Information - The total number of common shareholders at the end of the reporting period is 9,669[16] - The largest shareholder, Yang Tao, holds 20.97% of the shares, totaling 33,549,769 shares[16] Risks and Challenges - The company is currently facing risks related to market demand fluctuations and the stability of production quality during the trial production phase[25]