德新科技(603032) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥52,962,047.69, representing a decrease of 78.29% compared to the same period last year[4]. - The net profit attributable to shareholders was -¥13,570,516.45, a decline of 113.35% year-over-year[4]. - The basic earnings per share (EPS) was -¥0.06, reflecting a decrease of 113.33% compared to the previous year[4]. - In Q1 2024, the company achieved total revenue of RMB 52.96 million, with main business revenue of RMB 49.18 million, representing a year-on-year decline of 78.29%[14]. - The net profit attributable to shareholders was a loss of RMB 13.57 million, a year-on-year decrease of 113.35%[14]. - The company experienced a decline in business scale, order prices, and order volumes due to industry overcapacity and intensified competition[14]. - Net loss for Q1 2024 was ¥13,725,380.18, compared to a net profit of ¥102,713,782.71 in Q1 2023, indicating a shift in financial performance[28]. - The company’s total comprehensive income for Q1 2024 was -13,725,380.18 RMB, compared to 102,713,782.71 RMB in Q1 2023[29]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,632,889,247.44, down 2.39% from the end of the previous year[5]. - The company's total assets as of March 31, 2024, were ¥1,632,889,247.44, a decrease from ¥1,672,859,840.04 as of December 31, 2023[25]. - Current assets totaled ¥591,100,198.23 as of March 31, 2024, down from ¥624,302,112.50 at the end of 2023[23]. - The company's cash and cash equivalents decreased to ¥95,141,761.28 from ¥176,559,538.12 year-over-year[23]. - Total liabilities decreased to ¥407,732,804.74 from ¥445,998,429.43, reflecting a reduction in financial obligations[25]. - The company's total equity as of March 31, 2024, was ¥1,225,156,442.70, slightly down from ¥1,226,861,410.61 at the end of 2023[25]. Cash Flow - The company reported a net cash flow from operating activities of ¥11,912,284.43, which is not applicable for year-over-year comparison[4]. - Cash inflow from operating activities in Q1 2024 was 93,886,860.47 RMB, an increase from 80,474,164.71 RMB in Q1 2023[32]. - The net cash flow from operating activities was 11,912,284.43 RMB, a significant improvement from -38,170,767.48 RMB in the same period last year[34]. - The company experienced a net cash outflow from investing activities of -83,471,012.70 RMB in Q1 2024, compared to a net inflow of 107,957,527.33 RMB in Q1 2023[35]. - Cash and cash equivalents at the end of Q1 2024 totaled 95,141,761.28 RMB, down from 240,973,882.76 RMB at the end of Q1 2023[35]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 31,357[9]. - The largest shareholder, Delixi Xinjiang Investment Group Co., Ltd., held 47.76% of the shares, amounting to 112,000,028 shares[9]. - The company repurchased and canceled 940,800 restricted shares on March 8, 2024, reducing total shares from 235,456,200 to 234,515,400[16]. - On March 28, 2024, 417,200 shares were released from restrictions, accounting for 0.18% of the total share capital[17]. Operational Challenges - The company experienced a significant reduction in orders due to industry cycles and price wars in the downstream market[7]. - The company is currently facing challenges due to industry cyclicality, price wars, and high inventory levels in downstream battery manufacturers, leading to decreased shipment volumes[14]. - The company is currently in a litigation process, with a court summons received on March 7, 2024, but the outcome remains uncertain[18]. Research and Development - Research and development expenses for Q1 2024 were ¥6,786,000.35, a decrease of 30.5% compared to ¥9,749,982.48 in Q1 2023[28]. - The company is committed to leveraging its extensive experience in mould manufacturing to meet the production needs of domestic battery manufacturers[14]. - The company is focusing on enhancing its overseas business layout through a procurement contract with its wholly-owned subsidiary, aiming to improve overall competitiveness[19].