东方材料(603110) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥88,465,424.68, representing a year-on-year increase of 5.84%[5] - The net profit attributable to shareholders decreased by 41.79% to ¥2,604,539.55 compared to the same period last year[5] - Basic and diluted earnings per share both fell by 50.00% to ¥0.01 per share[5] - Total operating revenue for Q1 2024 was ¥88,465,424.68, an increase of 5.6% compared to ¥83,580,618.23 in Q1 2023[20] - Net profit for Q1 2024 decreased to ¥2,604,539.55, down 41.8% from ¥4,474,102.33 in Q1 2023[22] - Earnings per share for Q1 2024 were ¥0.01, down from ¥0.02 in Q1 2023[22] Cash Flow - The net cash flow from operating activities was negative at -¥7,005,665.65, a decline of 150.00% year-on-year[5] - Operating cash flow for Q1 2024 was negative at -¥7,005,665.65, compared to positive cash flow of ¥14,011,646.37 in Q1 2023[26] - Cash inflow from operating activities in Q1 2024 was ¥88,174,866.16, down from ¥113,884,558.13 in Q1 2023[26] - The net cash flow from financing activities was -$11,902.50[27] - The net increase in cash and cash equivalents was -$66,996,003.30, compared to an increase of $45,474,461.33 in the previous period[27] - The ending balance of cash and cash equivalents was $163,315,807.29, down from $179,424,472.81 in the previous period[27] - The beginning balance of cash and cash equivalents was $230,311,810.59, compared to $133,950,011.48 in the previous period[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥819,687,798.45, down 4.44% from the end of the previous year[6] - As of March 31, 2024, total assets amounted to ¥819,687,798.45, down from ¥857,754,091.77 as of December 31, 2023, indicating a decrease of approximately 4.43%[16] - Current assets totaled ¥592,025,231.24, a decrease from ¥625,601,592.14, reflecting a decline of about 5.42%[16] - Cash and cash equivalents were reported at ¥177,355,195.91, down from ¥243,259,989.73, representing a decrease of approximately 27.06%[15] - The company’s total liabilities were reported at ¥128,157,118.25, down from ¥168,827,951.12, indicating a decrease of approximately 24.06%[17] - The company’s non-current assets totaled ¥227,662,567.21, a slight decrease from ¥232,152,499.63, reflecting a decline of approximately 1.93%[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,061[10] - The equity attributable to shareholders increased slightly by 0.38% to ¥691,530,680.20 compared to the previous year-end[6] - The company has no significant changes in the top 10 shareholders or their shareholding status during the reporting period[12] Expenses and Impairments - The increase in expenses during the reporting period was a major factor contributing to the decline in net profit[8] - Research and development expenses for Q1 2024 were ¥3,852,178.32, an increase of 24.1% from ¥3,104,943.40 in Q1 2023[20] - The company reported a financial asset impairment loss of ¥210,152.00 in Q1 2024, compared to ¥10,866.40 in Q1 2023[21] Other Financial Metrics - The weighted average return on net assets was 0.38%, a decrease of 0.29 percentage points[5] - Non-recurring gains and losses amounted to ¥142,258.65, primarily from government subsidies[8] - Total operating costs for Q1 2024 were ¥85,041,915.49, up 7.5% from ¥79,072,821.05 in Q1 2023[20] - Investment activities resulted in a net cash outflow of -¥59,990,337.65 in Q1 2024, compared to a net inflow of ¥31,474,717.46 in Q1 2023[26] - The company’s inventory increased slightly to ¥66,583,357.63 from ¥65,936,400.28, reflecting a growth of about 0.98%[16]