国瓷材料(300285) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥826,664,278.32, representing a 5.23% increase compared to ¥785,594,173.64 in the same period last year[3]. - Net profit attributable to shareholders for Q1 2024 was ¥133,363,046.02, up 7.99% from ¥123,491,288.49 in the previous year[3]. - The net profit after deducting non-recurring gains and losses increased by 20.04%, reaching ¥120,896,716.20 compared to ¥100,711,723.09 in Q1 2023[3]. - Basic and diluted earnings per share for Q1 2024 were both ¥0.13, an increase of 8.33% from ¥0.12 in Q1 2023[3]. - The company reported a significant increase in cash received from operating activities, totaling ¥57,892,462.91, which is a 271.18% increase from ¥15,596,672.71 in the previous year[6]. - In Q1 2024, the company reported a net profit of ¥146,464,390.24, an increase of 10.9% compared to ¥131,930,894.46 in Q1 2023[19]. - The operating profit for Q1 2024 was ¥163,546,272.41, up from ¥146,181,897.18 in the same period last year, reflecting a growth of 11.9%[19]. - The company achieved total operating revenue of ¥685,986,894.05 in Q1 2024, compared to ¥625,486,162.22 in Q1 2023, representing a growth of 9.7%[22]. - The company reported a total comprehensive income of ¥143,276,333.41 for Q1 2024, compared to ¥136,034,708.21 in Q1 2023, reflecting an increase of 5.3%[20]. Cash Flow and Financial Position - The net cash flow from operating activities improved significantly to ¥33,767,955.23, a 211.09% increase from a negative cash flow of -¥30,396,307.15 in the same period last year[3]. - The cash flow from operating activities was positive at ¥33,767,955.23, a significant improvement from a negative cash flow of -¥30,396,307.15 in the previous year[22]. - The cash and cash equivalents decreased to RMB 631,836,637.77 from RMB 718,817,804.32, a decline of approximately 12.1%[14]. - Cash and cash equivalents at the end of Q1 2024 totaled 509,876,496.63, down from 576,385,562.81 at the beginning of the quarter[23]. - The net decrease in cash and cash equivalents for Q1 2024 was -66,509,066.18, compared to -121,167,223.88 in the same quarter last year[23]. - The impact of exchange rate changes on cash and cash equivalents was 438,864.50 in Q1 2024, contrasting with -2,371,180.08 in Q1 2023[23]. Assets and Liabilities - Total assets at the end of Q1 2024 were ¥8,929,140,383.80, reflecting a 1.70% increase from ¥8,779,636,883.28 at the end of the previous year[3]. - The total liabilities increased slightly to RMB 1,999,553,937.86 from RMB 1,993,326,770.74, showing a marginal rise of 0.1%[17]. - The company's equity attributable to shareholders rose to RMB 6,443,318,561.17 from RMB 6,313,158,110.27, reflecting an increase of approximately 2.1%[17]. Shareholder Information - Major shareholder Zhang Xi holds 20.21% of shares, with a total of 202,848,941 shares pledged at 105,918,300 shares[8]. - Hong Kong Central Clearing Limited holds 11.01% of shares, totaling 110,525,946 shares[9]. - The total number of shares held by major shareholders with unrestricted conditions includes 110,525,946 shares from Hong Kong Central Clearing Limited[9]. - The total number of restricted shares held by Zhang Xi decreased to 152,136,706 shares after 7,500,000 shares were released from restriction[11]. - The total number of shares held by Dongying Aoyuan Industrial Co., Ltd. is 41,047,601, representing 4.09% of the total share capital[10]. - The total number of shares held by the top ten unrestricted shareholders is 193,098,452 shares after the release of restrictions[11]. - The company has not disclosed any related party relationships or concerted action agreements among the top ten shareholders[9]. Corporate Actions and Plans - The company plans to adjust the third employee stock ownership plan, changing the source of shares to be acquired from the secondary market[12]. - The company intends to change the purpose of repurchased shares from employee stock ownership plans to cancellation and reduction of registered capital[12]. - The company plans to repurchase shares with a total amount not less than RMB 100 million and not exceeding RMB 200 million, with a repurchase price not exceeding RMB 25 per share[13]. - The company established 5 new subsidiaries during the reporting period, including InnoXvest Corporation and InnoXvest Dental Limited[13]. - The company is restructuring its subsidiary Shenzhen Aierchuang Technology Co., Ltd. to establish a suitable equity structure for overseas financing[13]. Expenses - The total operating costs for Q1 2024 were RMB 680,159,235.28, up from RMB 651,585,721.94 in the previous year, reflecting a year-on-year increase of 4.3%[18]. - Research and development expenses increased to ¥61,808,870.22, compared to ¥56,779,080.59 in Q1 2023, marking a rise of 8.9%[19]. - Sales expenses rose to ¥44,524,284.37 in Q1 2024, compared to ¥38,627,424.70 in Q1 2023, an increase of 15.3%[19]. - The financial expenses decreased by 46.59% to ¥5,798,317.54 compared to ¥10,856,881.72 in the same period last year, due to increased foreign exchange gains[6]. - The company’s financial expenses decreased to ¥5,798,317.54 from ¥10,856,881.72 in the previous year, a reduction of 46.6%[19]. Investment and Cash Flow Activities - The net cash flow from investing activities for Q1 2024 was -95,526,369.92, compared to -344,740,435.61 in the same period last year[23]. - The net cash flow from financing activities was -5,189,515.99, a significant decrease from 256,340,698.96 in Q1 2023[23]. - The company received 50,000,000.00 in cash from borrowings during Q1 2024, compared to 268,328,295.99 in the previous year[23]. - The cash outflow for debt repayment was 47,559,327.66, an increase from 10,500,000.00 in Q1 2023[23]. Accounting and Audit - The company has not yet adopted the new accounting standards for the first quarter of 2024[23]. - The Q1 2024 report has not been audited[24].