Financial Performance - The company's operating revenue for Q1 2024 was ¥1,535,770,393.18, a decrease of 11.54% compared to ¥1,736,201,763.01 in the same period last year[3] - The net profit attributable to shareholders was -¥68,443,385.07, representing a decline of 160.27% from ¥113,555,188.32 year-on-year[3] - The net profit after deducting non-recurring gains and losses was -¥84,194,555.17, a decrease of 212.34% compared to ¥74,942,956.95 in the previous year[3] - The net loss from investments was CNY -9,438,827.05, compared to a gain of CNY 22,762,659.97 in the previous year, highlighting challenges in investment performance[17] - The net profit for Q1 2024 was -71,216,532.55 CNY, compared to a net profit of 129,031,616.65 CNY in Q1 2023, representing a significant decline[18] - Operating profit for Q1 2024 was -62,587,085.01 CNY, while in Q1 2023 it was 144,654,416.83 CNY, indicating a substantial decrease in profitability[18] - The company reported a total comprehensive income attributable to the parent company of -89,065,659.90 CNY in Q1 2024, compared to 129,901,691.90 CNY in Q1 2023[18] - The basic earnings per share for Q1 2024 was -0.02 CNY, down from 0.04 CNY in Q1 2023[18] Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥46,580,370.72, a 74.36% increase from -¥181,691,539.24 in the same period last year[3] - The cash flow from operating activities in Q1 2024 was -46,580,370.72 CNY, an improvement from -181,691,539.24 CNY in Q1 2023[19] - Cash and cash equivalents at the end of Q1 2024 amounted to 3,200,888,209.69 CNY, up from 1,641,421,087.53 CNY at the end of Q1 2023[20] - The company's cash and cash equivalents decreased from RMB 4,229,415,472.34 to RMB 3,842,531,211.33, representing a decline of approximately 9.2%[12] - The net cash flow from financing activities in Q1 2024 was -171,660,253.07 CNY, compared to a positive cash flow of 125,314,969.90 CNY in Q1 2023[20] - The company experienced a decrease in cash flow from investing activities, with a net outflow of -170,497,166.28 CNY in Q1 2024, compared to -421,247,238.09 CNY in Q1 2023[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥22,902,993,191.75, a slight decrease of 0.55% from ¥23,030,098,375.82 at the end of the previous year[3] - Total assets decreased to CNY 22,902,993,191.75 from CNY 23,030,098,375.82, a decline of 0.6%[15] - Total liabilities were CNY 13,431,802,231.43, a slight decrease from CNY 13,469,841,755.60, reflecting ongoing debt management efforts[15] - The total equity attributable to shareholders was CNY 2,667,712,449.36, down from CNY 2,736,155,834.43, reflecting a decrease in retained earnings[15] Shareholder Information - The top shareholder, Yuntianhua Group Co., Ltd., holds 60.01% of the shares, indicating strong control by a state-owned entity[7] - The total number of restricted shares at the end of the period was 3,224,852,370.00, unchanged from the beginning of the period[11] - The company reported a total of 2,262,875,369.00 restricted shares held by Yuntianhua Group, with a release date set for December 26, 2026[11] Operational Metrics - Total operating costs for Q1 2024 were CNY 1,626,948,836.99, down from CNY 1,644,294,571.81, reflecting a reduction of 1.1%[17] - Research and development expenses amounted to CNY 90,921,877.62, slightly decreased from CNY 94,279,919.84, indicating a focus on cost management[17] - Total revenue from sales in Q1 2024 was 1,683,471,927.88 CNY, an increase from 1,442,062,180.29 CNY in Q1 2023, reflecting a growth of approximately 16.7%[19] Other Information - The company has not disclosed any new product developments or market expansion strategies during the reporting period[11] - There were no significant mergers or acquisitions reported in the current quarter[11] - Non-recurring gains and losses totaled ¥15,751,170.10, with government subsidies contributing ¥13,833,977.00 to this figure[4] - The company experienced a 119.12% increase in other receivables, primarily due to an increase in deposits during the reporting period[6] - The company reported a 252.87% increase in other income, mainly driven by an increase in government subsidies received[6]
国际复材(301526) - 2024 Q1 - 季度财报