宇新股份(002986) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥1,817,534,261.32, representing a 22.87% increase compared to ¥1,479,179,856.68 in the same period last year[5] - Net profit attributable to shareholders decreased by 31.78% to ¥73,069,215.09 from ¥107,112,702.91 year-on-year[5] - Basic earnings per share fell by 43.44% to ¥0.1948 from ¥0.3444 in the same period last year[5] - Total operating revenue for Q1 2024 reached ¥1,817,534,261.32, an increase of 22.9% compared to ¥1,479,179,856.68 in the same period last year[20] - Operating profit for Q1 2024 is CNY 90,203,606.92, down from CNY 128,172,419.54 in the same period last year, representing a decline of 29.6%[21] - The company reported a total profit of CNY 88,477,629.00 for Q1 2024, a decrease of 30.9% from CNY 128,233,079.01 in the same quarter last year[21] Cash Flow and Investments - The net cash flow from operating activities was -¥222,650,549.53, a significant decline of 2,320.67% compared to ¥10,026,258.86 in the previous year[5] - The company's cash flow from operating activities decreased by 46.36% to ¥30,227,315.10, primarily due to increased cash expenses[11] - Cash recovered from investments dropped by 58.28% to ¥333,162,689.71, mainly because of reduced redemptions during the reporting period[11] - Cash paid for the acquisition of fixed assets and long-term assets surged by 136.04% to ¥472,457,524.29, reflecting multiple ongoing construction projects[11] - Cash flow from investing activities has a net outflow of CNY -971,436,831.75, compared to CNY -263,223,662.20 in the previous year[23] - The cash flow from financing activities shows a net inflow of CNY 463,765,578.67, compared to CNY 28,827,996.46 in Q1 2023[23] Assets and Liabilities - Total assets increased by 7.05% to ¥6,885,413,133.11 from ¥6,431,768,266.11 at the end of the previous year[5] - Total liabilities amounted to ¥2,929,862,138.94, up from ¥2,574,884,033.34, reflecting a growth of 13.8%[20] - Non-current liabilities increased to ¥1,221,261,011.72 from ¥783,507,720.05, a rise of 56.2%[19] Accounts Receivable and Inventory - Accounts receivable rose by 146.55% to ¥455,431,350.66, primarily due to increased export sales and delayed payments from customers[10] - Inventory increased to ¥349,294,211.33, compared to ¥316,093,933.04, marking a growth of 10.5%[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,411, with no preferred shareholders[13] - The largest shareholder, Hu Xiannian, holds 24.28% of the shares, amounting to 93,296,000 shares[13] - The company raised ¥954,580,300.80 by issuing 64,065,792 shares at ¥14.90 each, with the new shares listed on January 10, 2024[15] Government Support and Expenses - The company received government subsidies totaling ¥16,983,151.43, a 954.09% increase compared to ¥1,611,163.41 in the previous year[10] - The company reported a significant increase in research and development expenses to ¥33,548,632.14, compared to ¥35,968,395.71 in the previous year[20] Company Changes - The company completed its business registration change and updated its name to Guangdong Yu New Energy Technology Co., Ltd. on January 29, 2024[16] - The company is actively pursuing multiple engineering projects, ensuring sufficient funding through newly raised capital and loans[11] Audit Status - The company has not undergone an audit for the Q1 2024 report[24]