兴化股份(002109) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥907,900,700.66, representing a 35.28% increase compared to ¥671,134,393.84 in the same period last year[5] - The net profit attributable to shareholders was -¥148,824,482.48, a decrease of 33.95% from -¥111,100,451.62 in the previous year[5] - The total profit for the period was -¥148,027,279.30, a decrease of 40.94% compared to -¥105,030,551.96 in the previous year[9] - The net loss for Q1 2024 was ¥150.66 million, compared to a net loss of ¥108.78 million in Q1 2023, reflecting a deterioration in profitability[26] - The company's financial expenses for Q1 2024 were ¥36.30 million, compared to a financial income of -¥2.90 million in Q1 2023, showing a significant shift in financial performance[24] Cash Flow - The net cash flow from operating activities improved significantly to ¥58,282,538.88, compared to -¥60,269,129.78 in Q1 2023, marking a 196.70% increase[5] - Cash inflow from operating activities was 918,366,896.02 CNY, an increase from 845,765,864.81 CNY in the previous period, representing an increase of approximately 8.5%[27] - Cash outflow for purchasing goods and services was 763,628,378.94 CNY, down from 801,812,408.45 CNY, indicating a decrease of about 4.8%[27] - Cash outflow from financing activities totaled 676,338,096.98 CNY, a decrease from 1,028,574,077.02 CNY, reflecting a reduction of approximately 34.2%[28] - The net cash flow from investment activities was -23,994,895.18 CNY, compared to -52,042,339.42 CNY in the previous period, showing an improvement of about 53.8%[28] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥11,791,754,217.3, a decrease of 4.88% from ¥12,396,122,009.4 at the end of the previous year[5] - Total liabilities increased to ¥6.07 billion in Q1 2024, up from ¥5.88 billion in Q1 2023, marking a rise of 3.2%[23] - The company's total current assets decreased from 2.47 billion CNY to 1.98 billion CNY, a reduction of approximately 20%[21] - The total current liabilities increased to ¥2.12 billion in Q1 2024 from ¥1.93 billion in Q1 2023, an increase of 9.7%[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 23,504[11] - Shaanxi Yanchang Petroleum (Group) Co., Ltd. holds 39.80% of shares, totaling 507,956,355 shares[11] - Shaanxi Xinghua Group Co., Ltd. holds 17.43% of shares, totaling 222,473,689 shares[11] - The top 10 shareholders include various entities, with the largest being state-owned companies[12] - The report indicates that the company has a significant number of shares held by major shareholders, including 26,835,654 shares held by Chen Wufeng[12] Inventory and Receivables - The company reported a significant increase in inventory, which rose by 41.73% to ¥468,175,886.39 due to normal production operations[9] - Accounts receivable increased from 536,372.20 CNY to 1,065,955.47 CNY, showing a growth of approximately 98%[21] Stock Issuance and Financing - The company has initiated a non-public offering of A-shares, with relevant announcements made in December 2020[14] - The company completed the issuance of 223,325,062 shares at a price of 4.03 CNY per share, raising approximately 900 million CNY, with new shares set to be listed on January 22, 2024[17] - The company has been actively engaging with the Shenzhen Stock Exchange regarding its stock issuance plans, with multiple announcements made throughout 2023[17] - The company is in the process of extending the validity period of its non-public stock issuance resolutions, indicating ongoing strategic financial maneuvers[16] Other Information - The company has not disclosed any changes in the shareholding structure due to stock lending or borrowing activities[12] - The report does not indicate any preferred shareholders or related matters[13] - The company has not reported any new product developments or technological advancements in this quarter[14] - There are no updates on market expansion or mergers and acquisitions in the current report[14] - The first quarter report was not audited[29]