正海磁材(300224) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥1,172,919,664.29, a decrease of 14.76% compared to ¥1,375,982,471.21 in the same period last year[9] - Net profit attributable to shareholders of the listed company was ¥78,020,910.32, down 33.66% from ¥117,605,886.94 year-on-year[9] - The net profit for the first quarter of 2024 is CNY 79,732,431.03, a decrease from CNY 118,467,454.92 in the same period last year, representing a decline of approximately 32.7%[31] - The total profit for the first quarter is CNY 89,719,212.36, compared to CNY 128,250,942.99 in the previous year, indicating a decrease of about 30.0%[31] - The operating profit for the first quarter is CNY 90,012,546.46, down from CNY 128,346,866.26 year-over-year, reflecting a decline of approximately 29.8%[31] - The total comprehensive income for the first quarter is CNY 79,608,500.45, compared to CNY 118,355,433.02 in the same period last year, a decrease of about 32.7%[31] - The basic and diluted earnings per share for the first quarter are both CNY 0.10, down from CNY 0.14 in the previous year[31] Cash Flow - The net cash flow from operating activities improved to -¥137,297,708.44, a 54.58% increase compared to -¥302,291,647.52 in the previous year[15] - The cash inflow from operating activities totaled CNY 1,152,607,883.41, a decrease of 26.2% compared to CNY 1,564,613,327.23 in the previous period[33] - The cash outflow from operating activities was CNY 1,289,905,591.85, down 30.8% from CNY 1,866,904,974.75 year-over-year[33] - The net cash flow from operating activities was negative CNY 137,297,708.44, an improvement from negative CNY 302,291,647.52 in the same period last year[33] - Cash inflow from investment activities was CNY 77,608,026.91, significantly lower than CNY 742,596,697.58 in the previous year, representing a decline of 89.5%[33] - Cash outflow from investment activities was CNY 39,885,137.14, down 78.9% from CNY 189,656,868.81 year-over-year[33] - The net cash flow from investment activities was CNY 37,722,889.77, a decrease of 93.2% compared to CNY 552,939,828.77 in the previous period[33] - Net cash flow from financing activities was negative at -¥27,463,326.34, compared to -¥22,627,490.08 in the previous period[49] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,472,728,052.04, reflecting a 1.14% increase from ¥8,377,621,384.60 at the end of the previous year[9] - Total liabilities rose to CNY 4,483,940,717.77, compared to CNY 4,457,851,338.37, indicating a slight increase of 0.6%[43] - The company's equity increased to CNY 3,988,787,334.27, up from CNY 3,919,770,046.23, representing a growth of 1.8%[43] - The equity attributable to shareholders of the listed company increased to ¥3,944,961,153.40, up 1.74% from ¥3,877,655,386.07[5] - Cash and cash equivalents at the end of the period decreased to ¥407,820,206.55 from ¥1,131,317,943.95, a decline of 64.05%[49] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 52,859, with the largest shareholder holding 43.66% of the shares[15] - The minority interest in net profit after tax is CNY 1,711,520.71, compared to CNY 861,567.98 in the previous year, indicating an increase[31] Other Income and Expenses - The company recorded non-recurring gains of ¥7,128,761.47 from bank wealth management products, indicating a strategy to enhance fund utilization efficiency[11] - The company received government subsidies amounting to CNY 5,600,782.61 during the reporting period[21] - The company reported a tax expense of CNY 9,986,781.33 for the first quarter[31] - The company reported a net loss from credit impairment of ¥1,765,818.38, down 55.76% from ¥3,991,577.54 in the previous period[52] Changes in Income - Total operating costs decreased to ¥1,114,499,344.36 from ¥1,260,759,909.50, reflecting a reduction of 11.59%[45] - Other income increased significantly by 1247.06% to ¥15,719,199.78 from ¥1,166,922.39, primarily due to VAT reduction policies[52] - Fair value changes in investment income rose by 513.53% to ¥5,902,376.58 compared to ¥962,033.33 in the previous period[52] - The company recorded non-operating income of CNY 123,510.13, significantly higher than CNY 6,102.33 in the previous year[31] Inventory and Receivables - The company experienced a significant increase in accounts receivable financing, with a balance of ¥588,283,227.91, up 81.83% from the beginning of the year[3] - Accounts receivable decreased to ¥1,148,687,063.80 from ¥1,209,866,317.04, indicating a reduction of 5.06%[57] - Inventory increased to ¥1,592,508,244.50 from ¥1,530,625,603.61, reflecting a growth of 4.04%[57]