温州宏丰(300283) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥540,918,607.53, a decrease of 1.06% compared to ¥546,734,726.06 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥12,836,796.76, representing a decline of 430.27% from a profit of ¥3,886,800.67 in the previous year[5] - The net cash flow from operating activities was -¥54,166,965.27, which is a decrease of 83.51% compared to -¥29,517,893.19 in the same period last year[5] - The weighted average return on equity was -1.36%, down from 0.41% in the same period last year, indicating a significant decline in profitability[5] - The company reported a significant increase in financial expenses, totaling ¥21,805,956.34, which is a rise of 30.20% compared to ¥16,748,573.73 in the previous year[9] - The company reported a significant increase in contract liabilities, which rose by 171.37% to ¥14,392,109.94, indicating a rise in advance payments received[9] - The net profit for Q1 2024 was -14,403,634.67 CNY, compared to a net profit of 985,369.91 CNY in Q1 2023, indicating a significant decline[23] - Operating profit for Q1 2024 was -12,107,234.97 CNY, down from 285,302.61 CNY in the same period last year[23] - The total comprehensive income for Q1 2024 was -14,451,180.89 CNY, contrasting with 1,005,505.68 CNY in Q1 2023[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,983,278,724.32, an increase of 4.51% from ¥2,854,500,834.62 at the end of the previous year[5] - Total liabilities rose to CNY 1,968,934,556.59, compared to CNY 1,807,563,643.64 at the beginning of the period[21] - The company’s equity attributable to shareholders decreased to CNY 933,490,947.61 from CNY 952,964,464.68, a decline of 2.04%[21] Cash Flow - The company experienced a 378.11% increase in other income, amounting to ¥7,375,065.50, compared to ¥1,542,557.66 in the same period last year[9] - The net cash flow from financing activities increased by RMB 103.21 million compared to the same period last year, primarily due to an increase in cash received from borrowings by RMB 247.66 million[10] - Cash flow from operating activities showed a net outflow of -54,166,965.27 CNY, worsening from -29,517,893.19 CNY in the previous year[25] - Cash flow from investing activities resulted in a net outflow of -145,107,467.02 CNY, compared to -77,096,154.17 CNY in Q1 2023, indicating increased investment expenditures[26] - Cash flow from financing activities generated a net inflow of 194,323,714.71 CNY, up from 91,114,600.97 CNY in the same quarter last year, showing improved financing activities[26] Investments and Shareholder Information - The company increased its investment in its subsidiary Zhejiang Hongfeng Copper Foil Co., Ltd. by RMB 120 million, raising its ownership from 69.81% to 78.82%[13] - The registered capital of Zhejiang Copper Foil increased from RMB 66.25 million to RMB 94.42 million following the capital injection[13] - The total number of common shareholders at the end of the reporting period was 22,163, with the top 10 shareholders holding a combined 44.92% of the shares[10] - The top shareholder, Chen Xiao, holds 39.38% of the shares, with 72.47 million shares pledged[10] Project Updates - The company plans to extend the expected completion date of several projects, including the high-end precision hard alloy rod project, to December 2025[14] - An investment intention agreement was signed with Wenzhou State-owned Capital Investment and Operation Co., Ltd. for a potential investment of up to RMB 50 million in Zhejiang Copper Foil[16] Other Financial Metrics - Total operating revenue for the first quarter was CNY 540,918,607.53, a decrease of 1.48% compared to CNY 546,734,726.06 in the previous period[22] - Total operating costs increased to CNY 554,849,381.55, up 1.36% from CNY 545,101,709.05 in the prior period[22] - Research and development expenses were CNY 17,897,090.73, a decrease of 10.24% from CNY 19,928,913.15 in the previous period[22] - Current assets totaled CNY 1,390,576,525.93, slightly up from CNY 1,381,895,817.96 at the start of the period[20] - Non-current assets increased to CNY 1,592,702,198.39 from CNY 1,472,605,016.66, reflecting a growth of 8.15%[20] - The company’s cash and cash equivalents decreased to CNY 111,018,017.51 from CNY 137,144,611.63, a decline of 19.1%[20] - Short-term borrowings increased to CNY 481,364,677.38 from CNY 453,634,953.03, reflecting a rise of 6.0%[21] - The company reported a basic and diluted earnings per share of -0.03 CNY, compared to 0.01 CNY in Q1 2023[23] - The cash and cash equivalents at the end of Q1 2024 stood at 79,268,420.02 CNY, slightly up from 77,526,090.32 CNY at the end of Q1 2023[26] - The company experienced a foreign exchange impact of 78,275.74 CNY on cash and cash equivalents, compared to a negative impact of -91,369.76 CNY in the previous year[26]