东岳硅材(300821) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 1,425,465,566.20, representing a 1.56% increase compared to CNY 1,403,520,632.44 in the same period last year[15] - The net profit attributable to shareholders was CNY 45,862,728.17, a significant turnaround from a loss of CNY 69,454,415.73, marking a 166.03% increase[15] - The net cash flow from operating activities improved to -CNY 251,562,838.09, a 39.48% reduction in losses compared to -CNY 415,654,827.54 in the previous year[15] - The company reported a basic earnings per share of CNY 0.04, compared to a loss of CNY 0.06 per share in the same period last year, reflecting a 166.67% improvement[15] - The net profit for the current period is CNY 45.69 million, a significant recovery from a net loss of CNY 69.52 million in the previous period[27] - Net comprehensive income attributable to the parent company was ¥45,862,728.17, compared to a loss of ¥69,454,415.73 in the previous period[51] Cash and Liquidity - The company's cash and cash equivalents at the end of the period were CNY 337,264,425.49, down 42.58% from CNY 587,346,608.42 at the beginning of the period[11] - The company reported a foreign exchange impact on cash and cash equivalents of RMB 1.48 million, a 117.13% increase from a loss of RMB 8.64 million last year[39] - Cash received from sales of goods and services is CNY 437.53 million, slightly lower than CNY 446.73 million in the previous period[29] Assets and Liabilities - The total assets at the end of the period were CNY 6,229,042,465.26, a slight decrease of 1.54% from CNY 6,326,472,507.80 at the end of the previous year[15] - The company's total assets amount to approximately CNY 6.23 billion, a decrease from CNY 6.33 billion in the previous period[24] - Total liabilities decreased to ¥1,299,588,802.03 from ¥1,442,711,007.81, indicating a reduction of approximately 9.9%[48] - The company has a significant portion of its shares pledged, with 61.20 million shares under pledge by one of the major shareholders[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 66,228, with the largest shareholder holding 44.40% of shares[18] - The total number of shareholders holding unrestricted shares includes major stakeholders such as Dongyue Fluorosilicone Technology Group Co., Ltd. with 532.78 million shares[42] Research and Development - Research and development expenses decreased by 39.00% to CNY 44,884,460.29, indicating a reduction in R&D investment[17] - Research and development expenses for the current period are CNY 44.88 million, down from CNY 73.58 million in the previous period, indicating a reduction in R&D investment[27] Market Conditions and Future Outlook - The company noted that the prices of silicone products have shown signs of recovery, with production capacity being stabilized and market expansion efforts ongoing[45] - Future uncertainties in the silicone market due to industry capacity expansion and insufficient downstream demand may adversely affect the company's performance[45] - The company is focusing on cost control and enhancing production efficiency to mitigate potential risks[45] Financial Management - The company recorded a government subsidy of CNY 2,003,319.08, contributing positively to its financial performance[15] - The company reported a financial expense of CNY -3.89 million, compared to a financial expense of CNY 4.22 million in the previous period, indicating improved financial management[27] Inventory and Receivables - Accounts receivable increased by 295.63% to CNY 127,814,887.98, primarily due to extended credit terms offered to select high-quality customers[11] - The company's inventory stands at CNY 491.58 million, an increase from CNY 469.91 million in the previous period[24] - The accounts payable amount to CNY 600.33 million, up from CNY 581.62 million in the previous period[24]