东方钽业(000962) - 2024 Q1 - 季度财报

Financial Performance - Revenue for Q1 2024 was CNY 258,456,114.14, a decrease of 11.49% compared to CNY 292,021,451.57 in the same period last year[5] - Net profit attributable to shareholders was CNY 49,727,490.50, down 15.23% from CNY 58,664,385.10 year-on-year[5] - Basic earnings per share decreased by 26.07% to CNY 0.0984 from CNY 0.1331 in the same period last year[5] - Total operating revenue for Q1 2024 was ¥258,456,114.14, a decrease of 11.5% compared to ¥292,021,451.57 in Q1 2023[18] - Net profit for Q1 2024 was ¥49,793,615.29, down 15.4% from ¥58,846,116.10 in the same period last year[19] Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 99,393,951.30, a decline of 318.54% compared to CNY 45,480,822.53 in the previous year[5] - Cash received from sales of goods and services decreased by 22.28% to CNY 186,388,958.32 from CNY 239,819,779.14 in the previous year[7] - Cash inflow from operating activities was ¥193,096,753.46, compared to ¥245,602,982.84 in the previous year, a decrease of 21.4%[20] - The ending balance of cash and cash equivalents was 660,374,628.13 CNY, down from 790,817,096.28 CNY at the beginning of the period[22] Assets and Liabilities - Total assets increased by 1.72% to CNY 2,866,056,389.40 from CNY 2,817,727,200.42 at the end of the previous year[5] - Total liabilities decreased slightly to ¥403,054,939.74 from ¥408,476,759.02, a reduction of 1.1%[17] - The company has a long-term equity investment valued at 721,244,623.97 RMB, up from 699,309,148.78 RMB[15] Shareholder Information - The total number of common shareholders at the end of the reporting period is 44,629[11] - The largest shareholder, Dongfang Group Co., Ltd., holds 39.97% of shares, totaling 201,916,800 shares[11] Research and Development - Research and development expenses rose by 92.98% to CNY 5,381,445.36, reflecting increased investment in R&D[7] - Research and development expenses increased to ¥5,381,445.36, up from ¥2,788,554.71, indicating a growth of 93.5%[18] Other Income and Expenses - Other income increased by 301.32% to CNY 6,512,706.93, driven by VAT policy benefits and government subsidies[7] - The company reported a tax expense of ¥55,634.10, significantly lower than ¥123,024.34 in the same quarter last year, a decrease of 54.8%[18] Inventory and Accounts Receivable - The company experienced a 35.04% increase in accounts receivable, totaling CNY 276,389,542.61, due to increased domestic sales[7] - Accounts receivable increased from 204,666,777.70 RMB to 276,389,542.61 RMB, representing a growth of about 35%[15] - Inventory rose from 441,147,566.62 RMB to 464,645,809.56 RMB, an increase of approximately 5%[15] Investments and Capital Expenditure - The company plans to invest 50,106,500 RMB in a project to enhance the production line for superconducting cavities, funded by both raised and self-owned capital[13] - The total non-current assets increased from 1,106,000,000 RMB to 1,110,000,000 RMB, reflecting a slight growth[15] Management Changes - The company has appointed Wang Kai as the chairman and Li Jixian as the deputy general manager[13] Accounting and Audit - The company did not undergo an audit for the first quarter report[23] - The company is implementing new accounting standards starting in 2024[23]