众源新材(603527) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 1,736,284,924.06, representing a year-on-year increase of 10.84%[5] - The net profit attributable to shareholders decreased by 29.75% to CNY 18,728,109.73 compared to the same period last year[5] - The basic earnings per share (EPS) fell by 45.45% to CNY 0.06 due to an increase in share capital and a decline in product gross margin[10] - The diluted earnings per share also decreased by 45.45% to CNY 0.06, reflecting similar factors as the basic EPS[6] - The weighted average return on equity (ROE) decreased by 1.32 percentage points to 0.97%[6] - The company reported a decrease in gross margin, which contributed to the decline in net profit and earnings per share[10] - Total operating revenue for Q1 2024 reached ¥1,736,284,924.06, a 10.8% increase from ¥1,566,439,770.50 in Q1 2023[19] - Net profit for Q1 2024 was ¥18,107,947.65, a decrease of 29.8% compared to ¥25,829,736.47 in Q1 2023[21] - Earnings per share for Q1 2024 were ¥0.06, down from ¥0.11 in Q1 2023[22] - The net profit for Q1 2024 was 17,685,359.24 RMB, down from 24,607,093.99 RMB in Q1 2023, indicating a decline of approximately 28.5% year-over-year[31] - In Q1 2024, the total profit was approximately ¥17.69 million, a decrease of 28.3% compared to ¥24.61 million in Q1 2023[32] - The net profit for Q1 2024 was approximately ¥14.47 million, down 30.5% from ¥20.81 million in Q1 2023[32] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -210,597,867.61, indicating a significant cash outflow[5] - Cash inflow from operating activities in Q1 2024 was ¥1,823,493,659.79, compared to ¥1,645,690,670.64 in Q1 2023, reflecting a growth of 10.8%[24] - The company's operating cash flow net amount for Q1 2024 was -210,597,867.61 RMB, compared to -131,532,337.58 RMB in Q1 2023, indicating a decline of approximately 60% year-over-year[25] - Cash inflow from operating activities in Q1 2024 was approximately ¥361.41 million, a decline of 23.3% from ¥470.58 million in Q1 2023[34] - Cash outflow from operating activities in Q1 2024 was approximately ¥514.88 million, slightly down from ¥524.11 million in Q1 2023[35] - The net cash flow from operating activities for Q1 2024 was approximately -¥153.47 million, compared to -¥53.52 million in Q1 2023[35] - The net cash flow from financing activities for Q1 2024 was 21,587,616.21 RMB, a significant decrease from 171,581,129.29 RMB in Q1 2023[25] - The net cash flow from financing activities in Q1 2024 was approximately ¥47.42 million, compared to ¥59.29 million in Q1 2023[35] Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,118,586,011.46, an increase of 1.90% from the end of the previous year[6] - The equity attributable to shareholders increased slightly by 0.99% to CNY 1,949,500,519.33[6] - As of March 31, 2024, the company's total assets amounted to RMB 3,118,586,011.46, an increase from RMB 3,060,307,757.94 at the end of 2023, reflecting a growth of approximately 1.9%[17] - The company's cash and cash equivalents decreased to RMB 133,622,197.85 from RMB 385,840,159.66, representing a decline of about 65.3%[16] - Accounts receivable increased to RMB 706,351,562.61 from RMB 647,452,684.33, showing a rise of approximately 9.1%[16] - Inventory decreased to RMB 542,721,363.86 from RMB 593,491,251.99, indicating a reduction of about 8.6%[17] - Current liabilities rose to RMB 826,635,171.47 from RMB 796,796,034.37, marking an increase of approximately 3.8%[18] - The company's total liabilities increased to RMB 1,142,545,085.47 from RMB 1,102,760,970.21, reflecting a growth of about 3.6%[18] - The retained earnings as of March 31, 2024, were RMB 584,237,290.20, up from RMB 565,509,180.47, which is an increase of approximately 3.9%[18] - The company's total assets as of March 31, 2024, were 2,116,173,639.22 RMB, a decrease from 2,205,422,837.50 RMB at the end of 2023[28] - The company's total liabilities decreased to 518,308,195.03 RMB as of March 31, 2024, from 622,074,201.86 RMB at the end of 2023, a reduction of approximately 16.7%[28] Expenses and Investments - Total operating costs for Q1 2024 were ¥1,716,467,677.90, up 11.7% from ¥1,535,967,637.87 in Q1 2023[19] - Research and development expenses decreased to ¥17,272,555.90 in Q1 2024 from ¥21,657,009.19 in Q1 2023, a reduction of 20.2%[19] - Financial expenses decreased significantly to ¥3,970,951.65 in Q1 2024 from ¥7,179,272.36 in Q1 2023, a decline of 44.4%[19] - The company reported a decrease in investment income to ¥188,117.12 in Q1 2024 from ¥1,190,818.20 in Q1 2023[21] - Research and development expenses for Q1 2024 were 9,954,388.31 RMB, down 26.5% from 13,635,026.20 RMB in Q1 2023[31] Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters[19] - The company did not apply new accounting standards for the first time in 2024[36]