恩捷股份(002812) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was CNY 2,327,574,815.97, a decrease of 9.38% compared to CNY 2,568,465,530.97 in the same period last year[5] - Net profit attributable to shareholders was CNY 158,141,200.24, down 75.64% from CNY 649,239,029.72 year-on-year[5] - The company's operating profit for Q1 2024 was CNY 161,720,968.22, compared to CNY 770,513,619.81 in Q1 2023, indicating a decrease of 79.0%[27] - In Q1 2024, the company reported a net profit of CNY 157,214,798.22, a decrease of 76.8% compared to CNY 678,246,455.38 in the same period last year[27] - The total comprehensive income for Q1 2024 was CNY 103,215,699.85, down from CNY 696,098,886.86 in Q1 2023, reflecting a significant decline[28] - Basic and diluted earnings per share for Q1 2024 were both CNY 0.16, compared to CNY 0.73 in the same quarter last year, reflecting a decline of 78.1%[28] - Gross profit margin for Q1 2024 was approximately 2.9%, down from 29.0% in Q1 2023[26] Cash Flow and Assets - The net cash flow from operating activities decreased by 37.22% to CNY 455,833,032.02 from CNY 726,077,344.95 in the previous year[5] - Cash flow from operating activities generated a net cash inflow of CNY 455,833,032.02, down from CNY 726,077,344.95 in the previous year[29] - The company's cash and cash equivalents increased to CNY 3,905,592,404.50 from CNY 3,835,530,538.70, representing a growth of 1.8%[22] - The company reported cash and cash equivalents at the end of Q1 2024 amounting to CNY 3,141,993,642.74, an increase from CNY 1,565,916,566.25 at the end of Q1 2023[30] - The total cash inflow from financing activities in Q1 2024 was CNY 2,323,043,334.58, while cash outflow was CNY 1,801,217,537.67, resulting in a net cash inflow of CNY 521,825,796.91[30] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 47,071,308,309.78, a slight decrease of 0.27% from CNY 47,200,916,635.69 at the end of the previous year[5] - Total assets as of March 31, 2024, were CNY 47,071,308,309.78, slightly down from CNY 47,200,916,635.69 at the beginning of the year[23] - Total liabilities decreased to CNY 18,176,245,189.15 from CNY 18,518,681,497.97 at the start of the year, reflecting a reduction of 1.8%[23] - The company's total equity increased to CNY 28,895,063,120.63 from CNY 28,682,235,137.72, indicating a growth of 0.7%[24] Inventory and Expenses - The inventory increased by 12.77% to CNY 3,383,813,348.13, primarily due to increased stockpiling[8] - Total operating costs increased to CNY 2,258,788,907.70, up 24.0% from CNY 1,824,829,806.45 in the previous year[26] - Research and development expenses were CNY 153,099,156.13, a decrease of 24.7% compared to CNY 203,332,460.05 in the previous year[26] - The company reported a significant reduction in financial expenses by 55.33%, attributed to lower interest rates and increased foreign exchange gains[8] Shareholder Actions and Plans - The total number of ordinary shareholders at the end of the reporting period was 101,585[10] - The company plans to repurchase public shares with an amount not less than RMB 100 million and not exceeding RMB 200 million[12] - As of March 31, 2024, the company has repurchased a total of 1,703,652 shares for a transaction amount of RMB 69,726,400.37[13] - The company intends to implement a restricted stock incentive plan, granting 8,708,604 shares, with the first grant of 7,837,700 shares to 157 individuals[14] - Company executives plan to increase their holdings by an amount between RMB 200 million and RMB 400 million within six months starting from October 28, 2023[17] - The company’s major shareholders have committed to not reducing their holdings for six months starting from February 7, 2024[17] Government Support and Market Strategy - The company received government subsidies amounting to CNY 92,132,218.03, which contributed to a 190.55% increase in other income compared to the previous year[8] - The company aims to enhance its global market share of separator products in response to customer demands in North America[18] Investment and Impairment - The net cash flow from investment activities was negative CNY 625,033,564.46, a 69.36% decrease compared to the previous year, mainly due to the new base entering production[8] - The company reported an investment income of CNY 5,584,546.24, compared to a loss of CNY 6,132,328.39 in the previous year[26] - The company experienced a foreign exchange loss of CNY 53,999,098.37 in Q1 2024, contrasting with a gain of CNY 17,852,431.48 in Q1 2023[27] - The company reported an asset impairment loss of CNY 6,724,695.55 in Q1 2024, compared to a loss of CNY 554,770.29 in the same period last year[27] Corporate Governance - The company has established a "Quality Return Dual Improvement" action plan to enhance investor confidence and promote sustainable development[15] - The company has not proposed to adjust the conversion price of its convertible bonds despite triggering conditions for downward adjustment[16] - A total of 584,593 stock options from the 2022 incentive plan were canceled due to not being exercised by the deadline[19] - The company has adjusted its investment in the U.S. lithium battery separator project to USD 276 million, aiming for an annual production capacity of 700 million square meters[18]