海顺新材(300501) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥258,678,766.77, a decrease of 0.56% compared to ¥260,137,982.34 in the same period last year[6] - Net profit attributable to shareholders was ¥23,018,894.92, down 13.74% from ¥26,685,502.18 year-on-year[6] - Basic and diluted earnings per share decreased by 14.29% to ¥0.12 from ¥0.14 in the same period last year[6] - The net profit for Q1 2024 was CNY 25,038,557.69, a decrease of 16.3% compared to CNY 30,005,182.04 in Q1 2023[21] - The total comprehensive income for Q1 2024 was CNY 25,038,557.69, down from CNY 30,005,182.04 in the previous year[21] - The operating profit for the quarter was CNY 31,240,274.07, a decline of 9.5% from CNY 34,329,789.87 in Q1 2023[22] Cash Flow - The net cash flow from operating activities was -¥27,125,489.87, a significant decline of 223.80% compared to ¥21,911,042.83 in the previous year[6] - Cash flow from operating activities showed a net outflow of CNY -27,125,489.87, contrasting with a net inflow of CNY 21,911,042.83 in Q1 2023[22] - The company reported a significant decrease in cash flow from financing activities, totaling CNY 40,257,263.16, down 94.13% from CNY 685,774,692.88 in the same period last year[11] - The cash flow from financing activities resulted in a net outflow of CNY -36,416,816.90, a significant decrease from a net inflow of CNY 655,238,382.54 in Q1 2023[23] - The company incurred a net cash outflow from investing activities of CNY -17,507,816.21, compared to CNY -99,766,297.98 in the same period last year[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,948,889,759.38, down 1.26% from ¥2,986,593,236.85 at the end of the previous year[6] - Total liabilities decreased to CNY 1,007,431,613.75, down 5.29% from CNY 1,063,708,777.73[17] - Cash and cash equivalents decreased by CNY 80,858,585.96, a decline of 114.03% compared to an increase of CNY 576,438,107.42 in the previous year[11] - Cash and cash equivalents at the end of the period were CNY 624,411,515.57, down from CNY 878,534,040.79 at the end of Q1 2023[23] Expenses - Management expenses increased by 30.97% to ¥17,265,688.92, primarily due to higher employee costs[10] - Financial expenses surged by 166.33% to ¥7,835,489.35, mainly due to increased amortization costs related to convertible bonds[10] - The company’s income tax expense increased by 41.22% to CNY 6,210,598.89 from CNY 4,397,727.11 in the same period last year, primarily due to the timing of R&D expense deductions[11] Investment and R&D - The company continues to invest in R&D, with expenses amounting to CNY 8,326,725.04 for the quarter[18] - The company recovered investment cash of CNY 94,200,000.00, an increase of 93.81% from CNY 48,605,000.00 year-on-year[11] - Cash flow from investing activities totaled CNY 94,552,627.56, up 91.36% from CNY 49,411,747.31 in the previous year[11] Credit and Impairment - The company recorded a 312.93% increase in credit impairment losses, amounting to -¥1,158,505.63, attributed to higher provisions for bad debts[10] - The company reported a credit impairment loss of CNY -1,158,505.63, indicating a deterioration in asset quality compared to the previous year[22]