Financial Performance - The company's revenue for Q1 2024 was ¥858,562,189.19, an increase of 11.05% compared to ¥773,151,542.84 in the same period last year[5] - The net profit attributable to shareholders was -¥61,435,934.03, a decrease of 296.73% from ¥31,228,429.15 in the previous year[5] - Total operating revenue for Q1 2024 reached ¥858,562,189.19, an increase of 11.03% compared to ¥773,151,542.84 in Q1 2023[27] - The net profit for Q1 2024 was a loss of ¥74,356,417.54, compared to a profit of ¥28,560,661.45 in Q1 2023, indicating a significant decline[29] - Total liabilities rose to ¥4,146,365,073.06, compared to ¥3,694,555,187.69 in the same period last year, reflecting a 12.24% increase[26] - The total equity attributable to shareholders decreased to ¥3,067,720,487.03 from ¥3,125,401,336.58, reflecting the impact of the net loss[26] Cash Flow - The net cash flow from operating activities was -¥159,003,972.48, showing an improvement of 12.15% compared to -¥181,004,901.75 in the same period last year[5] - Cash inflow from operating activities totaled ¥482,522,649.66, an increase from ¥422,154,206.18 year-over-year[30] - Cash outflow from operating activities was ¥641,526,622.14, leading to a net cash flow from operating activities of -¥159,003,972.48, an improvement from -¥181,004,901.75 in the previous year[30] - Cash inflow from investment activities was ¥446,109,248.28, compared to ¥413,889,306.04 in the previous year[32] - Cash outflow from investment activities amounted to ¥692,304,550.78, up from ¥621,713,912.65 year-over-year[32] - Net cash flow from investment activities was -¥246,195,302.50, worsening from -¥207,824,606.61 in the previous year[32] - Cash inflow from financing activities was ¥686,523,769.86, slightly down from ¥690,172,035.22 year-over-year[32] - Net cash flow from financing activities was ¥412,099,997.31, a decrease from ¥491,373,440.05 in the previous year[32] - The ending balance of cash and cash equivalents was ¥304,065,418.65, compared to ¥269,819,905.29 at the end of the previous year[32] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,349,158,017.02, reflecting a 5.47% increase from ¥6,967,949,464.71 at the end of the previous year[5] - The company's total assets increased to ¥7,349,158,017.02, up from ¥6,967,949,464.71 year-over-year[26] - The total current assets increased to CNY 3,223,883,905.17 from CNY 2,935,247,189.04, reflecting a growth of approximately 9.8%[24] - Total liabilities rose to ¥4,146,365,073.06, compared to ¥3,694,555,187.69 in the same period last year, reflecting a 12.24% increase[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 18,214[17] - The total shareholding of the largest shareholder, Shandong Haike Holdings, is 60.90%, amounting to 135,793,999 shares[17] - The total number of restricted shares held by major shareholders remains unchanged, with a total of 180,076,447 shares under lock-up[21] - The company plans to release a portion of restricted shares on July 7, 2024, totaling 2,277,484 shares[21] - The company has no preferred shareholders with restored voting rights at the end of the reporting period[17] Operational Insights - The company plans to enhance its core competitiveness in lithium battery materials through technological innovation and process optimization[10] - The company aims to reduce raw material procurement costs through negotiated contracts and optimizing supplier structures[10] - The company intends to expand its overseas business while consolidating its domestic market presence[10] - The company is focusing on expanding its market presence and enhancing its product offerings through new technology development[20] - Future guidance indicates a continued emphasis on improving operational efficiency and exploring strategic partnerships for growth[20] Income and Expenses - Total operating costs increased to ¥936,479,484.62, up 24.23% from ¥754,126,693.04 in the previous year[27] - Management expenses rose by 33% to CNY 31,811,911.43, attributed to increased losses from work stoppages[18] - Other income surged by 201% to CNY 10,677,956.45, driven by increased input tax deductions[18] - Investment income improved by 123% to CNY 118,575.39, reflecting higher financial management returns[18] - Credit impairment losses increased significantly by 615% to CNY -9,742,287.60, due to a rise in accounts receivable and notes receivable[18] - The company reported a 92% decrease in asset impairment losses to CNY -285,581.68, as inventory write-downs were lower than the previous year[18] - Operating income from government subsidies decreased by 88% to CNY 1,368,706.76 compared to the previous year[18] Research and Development - Research and development expenses for Q1 2024 were ¥29,885,703.77, slightly up from ¥27,645,079.92 in Q1 2023, indicating continued investment in innovation[27] Audit Status - The first quarter report was not audited[33]
海科新源(301292) - 2024 Q1 - 季度财报