沧州明珠(002108) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥509,520,048.45, a decrease of 18.53% compared to ¥625,439,435.65 in the same period last year[5] - Net profit attributable to shareholders was ¥59,866,362.96, down 27.67% from ¥82,763,445.15 year-on-year[5] - The basic earnings per share decreased by 26.67% to ¥0.0363 from ¥0.0495 in the previous year[5] - The company reported a 32.05% decrease in operating profit, amounting to a reduction of ¥29,321,038.56 compared to the previous year[11] - The total comprehensive income for Q1 2024 was ¥73,564,674.15, compared to ¥86,963,824.24 in Q1 2023, indicating a decrease of about 15.4%[28] - The net profit for Q1 2024 was CNY 59.87 million, representing a decline of 30.3% from CNY 86.04 million in Q1 2023[27] Cash Flow and Financial Position - The net cash flow from operating activities was negative at -¥103,373,782.89, worsening by 9.81% compared to -¥94,138,286.21 in the same period last year[5] - Cash inflows from operating activities totaled ¥500,707,114.18 in Q1 2024, compared to ¥493,285,755.57 in Q1 2023, showing an increase of about 1.3%[31] - Cash and cash equivalents at the end of Q1 2024 were ¥698,263,880.34, down from ¥1,129,667,092.38 at the end of Q1 2023, a decrease of approximately 38.2%[32] - The company reported cash outflows from investing activities of ¥67,211,645.16 in Q1 2024, significantly lower than ¥283,347,481.57 in Q1 2023, indicating a reduction of about 76.3%[31] - The company experienced a net cash flow from financing activities of ¥66,149,310.76 in Q1 2024, down from ¥123,121,219.04 in Q1 2023, a decline of about 46.3%[31] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,132,118,386.60, a slight increase of 0.32% from ¥7,109,151,264.62 at the end of the previous year[5] - The total liabilities decreased to CNY 1.93 billion from CNY 1.99 billion in the previous quarter, reflecting a reduction of 2.5%[25] - The company's long-term equity investments increased to CNY 1.21 billion, compared to CNY 1.16 billion in the previous quarter, marking a growth of 4.2%[24] Shareholder Information - The total number of common shareholders at the end of the reporting period is 89,589[18] - The largest shareholder, Hebei Cangzhou Dongsu Group Co., Ltd., holds 18.77% of shares, totaling 313,912,903 shares[18] - The total number of preferred shareholders is zero, indicating no preferred shares are currently held[18] - The company has not disclosed any significant changes in the ownership structure of its top ten shareholders[20] - The company’s major shareholder, Yu Lihui, holds a total of 11,847,622 shares, including shares held through a credit trading guarantee account[19] Inventory and Operating Costs - The company's inventory increased by 35.82% to ¥118,842,735.16, attributed to higher raw material and product reserves[9] - The total operating costs for Q1 2024 were CNY 489.09 million, down 14.9% from CNY 574.36 million in the same period last year[27] - Inventory levels rose significantly to CNY 450.62 million, compared to CNY 331.77 million in the previous quarter, indicating a 35.8% increase[24] Production and Projects - The company has completed the production lines for the "Annual Production of 38,000 Tons High Barrier Nylon Film Project (Wuhu)" as of March 2024[21] - One production line for the "Annual Production of 200 Million Square Meters Wet Lithium-ion Battery Separator Project" has been completed and is in operation[21] - The company is in the process of constructing the "Annual Production of 38,000 Tons High Barrier Nylon Film Project (Cangzhou)"[21] Financial Expenses - The company's financial expenses increased significantly by 2720.40% to ¥5,232,321.89 compared to the same period last year, primarily due to reduced interest income from cash management[10] - The financial expenses for Q1 2024 were CNY 5.42 million, a significant increase from CNY 0.19 million in Q1 2023[27] Employee Compensation - The company reported a decrease in employee compensation payable to CNY 25.61 million from CNY 50.32 million in the previous quarter, a reduction of 49.1%[25] Minority Interests - The company experienced a 100% decrease in minority shareholder profit due to the completion of the acquisition of minority interests in subsidiaries last year[11] - The company did not report any net profit from subsidiaries prior to consolidation in Q1 2024, consistent with the previous period[28]