中材科技(002080) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥4,430,318,356.37, a decrease of 12.16% compared to ¥5,043,464,284.15 in the same period last year[4]. - Net profit attributable to shareholders was ¥216,240,668.51, down 47.66% from ¥413,114,388.11 year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥108,069,828.28, a decline of 70.76% compared to ¥369,545,916.86 in the previous year[4]. - Basic earnings per share decreased to ¥0.1289, down 47.64% from ¥0.2462 year-on-year[4]. - Net profit for Q1 2024 was approximately ¥291.73 million, down 42.6% from ¥508.46 million in Q1 2023[15]. - The company reported a total comprehensive income of approximately ¥290.53 million for Q1 2024, down 42.9% from ¥507.59 million in Q1 2023[16]. Cash Flow and Assets - The net cash flow from operating activities was -¥1,757,205,578.56, worsening by 41.42% from -¥1,242,559,876.55 in the same period last year[4]. - The company's cash and cash equivalents decreased to CNY 1,765,661,230.35 from CNY 3,542,253,014.30, a decline of 50.05%[11]. - Cash inflow from financing activities was approximately ¥4.00 billion, significantly higher than ¥1.66 billion in Q1 2023[18]. - Cash and cash equivalents at the end of Q1 2024 were approximately ¥1.68 billion, down from ¥3.44 billion at the end of Q1 2023[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 99,621[8]. - The largest shareholder, China National Building Material Group Corporation, holds 60.24% of the shares[8]. Operating Costs and Liabilities - Total operating costs for Q1 2024 were CNY 4,269,732,652.12, down from CNY 4,506,000,171.41 in Q1 2023, reflecting a reduction of 5.25%[14]. - Total liabilities increased to CNY 31,442,967,753.85 from CNY 30,309,629,273.86, marking a rise of 3.73%[13]. Inventory and Receivables - Inventory rose significantly to CNY 4,908,534,340.71, up from CNY 3,904,967,536.58, an increase of 25.66%[12]. - Accounts receivable increased to CNY 7,611,769,810.46 from CNY 7,743,216,885.93, a decrease of 1.70%[11]. Research and Development - The company's R&D expenses for Q1 2024 were approximately ¥205.86 million, a decrease of 21.5% compared to ¥262.47 million in Q1 2023[15]. Future Outlook - The company plans to focus on expanding its market presence and investing in new technologies to drive future growth[12]. Financial Expenses and Investments - The company incurred financial expenses of approximately ¥94.53 million, an increase of 16.3% from ¥81.25 million in Q1 2023[15]. - The company reported an investment loss of approximately -¥2.67 million from joint ventures and associates, compared to -¥2.07 million in Q1 2023[15]. Market Conditions - The company experienced a decline in revenue and profit due to falling prices of fiberglass and lithium battery separator products[7].