怡达股份(300721) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was CNY 401,113,424.53, representing a 7.90% increase compared to CNY 371,729,418.45 in the same period last year[5]. - Net profit attributable to shareholders was CNY 4,924,877.86, a significant turnaround from a loss of CNY 25,315,240.76, marking a 119.45% improvement[5]. - The net cash flow from operating activities reached CNY 10,869,982.27, compared to a negative cash flow of CNY 42,864,151.66 in the previous year, reflecting a 125.36% increase[5]. - The net profit for Q1 2024 was CNY 878,490.21, a significant improvement from a net loss of CNY 31,227,212.78 in the same period last year, marking a turnaround of over 102%[24]. - The operating profit for the quarter was CNY 1,882,056.20, compared to an operating loss of CNY 42,466,710.97 in Q1 2023, indicating a recovery in operational performance[24]. - The total comprehensive income attributable to the parent company was CNY 4,924,877.86, a recovery from a loss of CNY 25,315,240.76 in the previous year[25]. - The company reported a basic earnings per share of CNY 0.0302, compared to a loss per share of CNY 0.1554 in Q1 2023[25]. Operational Metrics - The sales volume of alcohol ether and alcohol ether ester products increased by 20.16% year-on-year, contributing to improved profitability[11]. - The gross profit margin for the products increased by 5.07% due to enhanced production efficiency and reduced unit costs[11]. - Total operating revenue for Q1 2024 reached ¥401,113,424.53, an increase of 7.5% compared to ¥371,729,418.45 in the previous period[22]. - Total operating costs decreased to ¥402,424,549.94 from ¥417,621,740.49, reflecting a reduction of approximately 3.6%[22]. - The company's net profit margin improved, with operating costs as a percentage of revenue decreasing from 112.3% to 100.8%[22]. Cash Flow and Investments - The company incurred a total investment cash outflow of CNY 31,277,037.48, compared to CNY 89,116,486.44 in the same period last year, indicating a reduction in investment activities[27]. - The net cash flow from financing activities was negative CNY 207,143.91, a decline from a positive cash flow of CNY 63,754,011.90 in Q1 2023[27]. - Cash and cash equivalents at the end of the period were CNY 132,323,711.39, down from CNY 198,611,672.48 at the end of Q1 2023[27]. - The company's cash and cash equivalents decreased to ¥136,823,711.39 from ¥163,855,769.28, a decline of 16.5%[20]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,595,077,845.47, a decrease of 1.57% from CNY 2,636,590,130.65 at the end of the previous year[5]. - Total liabilities decreased to ¥1,340,707,416.41 from ¥1,384,819,449.71, a reduction of 3.2%[21]. - Accounts receivable decreased to ¥118,856,992.67 from ¥150,161,531.30, representing a reduction of 20.8%[20]. - Inventory increased to ¥284,654,119.04 from ¥263,702,063.92, marking an increase of 7.8%[20]. - The company reported a slight increase in retained earnings to ¥361,892,011.93 from ¥356,967,134.07, an increase of 1.1%[21]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 13,372[14]. - Liu Zhun holds 20.80% of shares, amounting to 34,295,684 shares[14]. - The top ten shareholders collectively hold significant stakes, with the largest shareholder Liu Zhun having a 20.80% share[14]. - Total restricted shares at the end of the period amount to 27,685,860 shares, with no shares released during the current period[16]. - The company has not reported any changes in the top ten shareholders participating in margin financing[14]. - No new shares were added to the restricted shares during the current period[16]. - The company’s management has locked shares according to regulations, with 25% of their holdings being transferable[16]. Projects and Future Plans - The company plans to accelerate the implementation of technical transformation projects, including a 150,000-ton/year epoxy propane facility and a 220,000-ton/year epoxy (ethylene) alkane derivative project[12]. - The project for producing 15,000 tons of electronic-grade PM and 10,000 tons of electronic-grade PMA has received investment project filing approval on March 8, 2024[17]. - The company is currently undergoing safety and environmental assessments for its new project[17]. - Jiangyin factory obtained a safety production license valid from February 7, 2024, to February 6, 2027[17]. Research and Development - Research and development expenses decreased by 45.87% to CNY 4,186,789.31, primarily due to reduced consumption of materials[9]. - Research and development expenses were ¥4,186,789.31, down from ¥7,735,131.30, a decrease of 45.9%[22].