华锋股份(002806) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 reached ¥209,986,586.67, representing a 47.14% increase compared to ¥142,715,534.44 in the same period last year[6] - Net profit attributable to shareholders was ¥2,669,258.65, a significant turnaround from a loss of ¥13,608,557.52, marking a 119.61% improvement[6] - Basic earnings per share improved to ¥0.0140 from -¥0.0719, reflecting a 119.47% increase[6] - The net profit for Q1 2024 was CNY 2,862,840.56, compared to a net loss of CNY 12,901,558.51 in Q1 2023, marking a significant turnaround[20] - The company reported a gross profit margin of approximately 0.33% for Q1 2024, compared to a negative margin in the previous year[19] Cash Flow and Investments - The net cash flow from operating activities was negative at -¥1,107,249.37, a decline of 109.05% from ¥12,240,165.28 in the previous year[6] - Cash flow from operating activities showed a net outflow of CNY 1,107,249.37, contrasting with a net inflow of CNY 12,240,165.28 in the previous year[21] - In Q1 2024, the net cash flow from investing activities was -1,975,733.25 CNY, compared to -74,949,202.84 CNY in the previous year[22] - The net cash flow from financing activities was 30,376,583.33 CNY, down from 83,505,618.83 CNY year-over-year[22] - The cash inflow from financing activities in Q1 2024 was 82,000,000.00 CNY, while cash outflow for debt repayment was 50,000,000.00 CNY[22] Assets and Liabilities - Total assets increased by 3.17% to ¥1,774,293,696.97 from ¥1,719,828,499.07 at the end of the previous year[6] - As of March 31, 2024, the total assets of Guangdong Huafeng New Energy Technology Co., Ltd. amounted to CNY 1,774,293,696.97, an increase from CNY 1,719,828,499.07 at the beginning of the period[16] - Total current liabilities increased to CNY 522,972,581.84 from CNY 474,799,127.63, reflecting an increase of about 10%[17] - The total liabilities of the company reached CNY 899,461,273.21, up from CNY 847,586,372.13, marking an increase of about 6%[17] - The company's long-term investments decreased to CNY 21,807,797.99 from CNY 23,999,059.13, a decline of approximately 9%[16] Inventory and Prepayments - The company reported a 302.51% increase in prepayments to ¥33,309,053.82, aimed at stabilizing procurement prices through strategic supplier partnerships[9] - Inventory rose by 20.04% to ¥251,265,141.45, driven by increased raw material purchases in anticipation of business growth[9] - The company reported a significant increase in prepayments to CNY 33,309,053.82 from CNY 8,275,316.45, which is a growth of over 302%[16] - Inventory levels rose to CNY 251,265,141.45, up from CNY 209,319,086.21, indicating a 20% increase[16] Strategic Moves and Management - The company held a board meeting on March 11, 2024, to approve the sale of part of its equity in an associate company, indicating strategic moves for capital management[14] - The company has seen a significant recovery in market demand for its electrode foil and new energy business, contributing to the revenue growth[9] Research and Development - Research and development expenses decreased to CNY 6,479,149.46 from CNY 10,395,771.00, a reduction of 37.5% year-over-year[19] Report and Audit - The company did not undergo an audit for the Q1 2024 report[23] - The report was released by the Chairman, Tan Guoying, on April 26, 2024[24]