环球印务(002799) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥450,203,926.44, an increase of 11.17% compared to ¥404,959,881.53 in the same period last year[5] - Net profit attributable to shareholders decreased by 20.50% to ¥22,838,254.18 from ¥28,729,049.41 year-on-year[5] - Basic and diluted earnings per share both decreased by 22.22% to ¥0.07 from ¥0.09 in the same period last year[5] - Net profit for Q1 2024 was CNY 24,239,425.41, a decrease of 25.4% from CNY 32,498,774.16 in Q1 2023[25] - The total comprehensive income for Q1 2024 was ¥24,239,425.41, down 25.5% from ¥32,498,774.16 in Q1 2023[26] Cash Flow - The net cash flow from operating activities increased significantly by 378.55%, reaching ¥29,801,550.08, compared to a negative cash flow of -¥10,698,900.14 in the previous year[9] - Cash inflows from operating activities totaled ¥476,468,787.45, a decrease of 29.7% from ¥677,751,066.46 in the previous year[28] - Cash and cash equivalents at the end of Q1 2024 were ¥484,301,578.58, down from ¥682,889,219.70 at the end of Q1 2023[29] - The company reported cash outflows from investing activities of ¥58,012,431.52, compared to ¥73,790,814.76 in the previous year, indicating a reduction in investment spending[28] - Cash outflows from financing activities were ¥193,482,998.20, down from ¥301,900,261.61 in Q1 2023, showing a decrease in financing costs[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,136,447,885.56, a slight decrease of 0.24% from ¥2,141,654,413.64 at the end of the previous year[5] - Total liabilities decreased to CNY 735,838,754.80 from CNY 765,284,708.21, a decline of 3.8%[22] - Accounts receivable increased to CNY 323,385,313.57 from CNY 302,883,199.48, reflecting a growth of 6.5%[22] - Inventory decreased to CNY 70,365,243.82 from CNY 96,320,980.58, a decline of 27.0%[22] - Short-term borrowings decreased to CNY 346,860,946.32 from CNY 393,426,046.79, a reduction of 11.8%[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,229[11] - The largest shareholder, Shaanxi Pharmaceutical Holdings Group, holds 36.42% of the shares, totaling 116,550,000 shares[11] Impairment and Provisions - The company has made a provision for impairment of receivables amounting to ¥56,891,633.89, which will reduce the net profit attributable to shareholders by ¥41,530,892.74 for the first nine months of 2023[12] - The company has estimated a low probability of recovering accounts receivable from a specific client, leading to a provision for bad debts of ¥275,533,742.56, resulting in a cumulative provision balance of ¥292,722,528.83, which is 85% of the total[13] Investments and Projects - The company is constructing the Global Printing Expansion and Green Packaging Intelligent Manufacturing Industrial Park, with the first phase of the project including the completion of infrastructure and partial installation of production lines, laying a solid foundation for production operations in 2024[15] - A new company, Beijing Jinyinlian (Tianjin) New Materials Technology Co., Ltd., has been established with a registered capital of no less than ¥80 million, and a total project investment of no less than ¥100 million for the development and operation of new materials[16] - The company has decided to liquidate its equity investee, Shaanxi Yongxin, due to adverse impacts from rising raw material costs and increased environmental compliance requirements, with the liquidation expected to have minimal impact on the company's business segments[17] Management and Governance - The company completed the election of its sixth board of directors and supervisory board, with a term of three years, and appointed key management personnel including the chairman and general manager[18] Research and Development - The company reported a decrease in research and development expenses to CNY 11,837,435.75 from CNY 14,132,285.59, a reduction of 16.5%[25] Audit and Reporting - The first quarter report was not audited, indicating that the figures are preliminary and subject to change[30]