皖维高新(600063) - 2024 Q1 - 季度财报

Financial Performance - The total profit for Q1 2024 is approximately ¥52.71 million, a decrease of 64.8% compared to ¥149.79 million in Q1 2023[2] - The net profit for Q1 2024 is approximately ¥44.50 million, down 65.0% from ¥127.30 million in Q1 2023[2] - The basic and diluted earnings per share for Q1 2024 are both ¥0.022, compared to ¥0.059 in Q1 2023, reflecting a decline of 62.7%[2] - Revenue for the first quarter was CNY 1,796,623,748.72, representing a decrease of 18.88% compared to the same period last year[17] - Net profit attributable to shareholders was CNY 47,157,047.62, down 63.73% year-over-year[17] - Basic earnings per share decreased by 62.71% to CNY 0.022[20] - Operating profit for Q1 2024 was ¥54,548,218.42, compared to ¥133,343,274.35 in Q1 2023, indicating a decline of approximately 59%[41] Cash Flow - Cash inflow from operating activities in Q1 2024 is approximately ¥1.52 billion, a decrease of 22.0% from ¥1.95 billion in Q1 2023[8] - Cash outflow from operating activities in Q1 2024 is approximately ¥1.49 billion, down 20.7% from ¥1.88 billion in Q1 2023[8] - The net cash flow from operating activities for Q1 2024 is approximately ¥29.37 million, a decrease of 57.0% compared to ¥68.42 million in Q1 2023[8] - The net cash flow from investing activities for Q1 2024 is approximately -¥283.26 million, an improvement from -¥782.13 million in Q1 2023[10] - The net cash flow from financing activities for Q1 2024 is approximately ¥303.59 million, down 44.4% from ¥545.49 million in Q1 2023[10] - Operating cash flow net amount was CNY 29,366,481.24, a decline of 57.08% compared to the previous year[17] Assets and Liabilities - Total assets at the end of the reporting period were CNY 14,284,211,903.63, an increase of 1.36% from the end of the previous year[20] - Total liabilities amounted to ¥6,200,601,424.66, up from ¥6,013,564,288.88, reflecting an increase of approximately 3%[37] - Non-current assets totaled ¥9,521,074,813.87, compared to ¥9,323,530,168.54 in the previous period, marking a growth of about 2%[37] - The company's retained earnings increased to ¥3,050,236,155.49 from ¥3,003,079,107.87, showing a growth of about 1.6%[37] - The total equity attributable to shareholders was ¥8,051,746,306.42, slightly up from ¥8,044,202,440.48, indicating stability in shareholder equity[37] Shareholder Information - The total number of common shareholders at the end of the reporting period was 92,543, with the top ten shareholders holding a combined 33.99% of shares[25] - Anhui Wanwei Group Co., Ltd. is the largest shareholder, holding 733,055,787 shares, accounting for 33.99% of total shares[25] - The top ten shareholders include various institutional and individual investors, with the largest institutional investor being China Agricultural Bank Co., Ltd. holding 25,950,000 shares, or 1.20%[25] Operational Insights - The decline in net profit was primarily attributed to price decreases in key products such as polyvinyl alcohol and vinyl acetate[20] - Accounts receivable increased by 54.43% due to an increase in export letters of credit and credit guarantees[20] - Inventory increased significantly to CNY 1.05 billion, up from CNY 898.21 million at the end of 2023, indicating a potential increase in production or sales strategy[31] - The company reported accounts receivable of CNY 630.61 million, an increase from CNY 408.35 million in the previous period, suggesting improved sales performance[31] Research and Development - Research and development expenses increased to ¥112,679,129.78 in Q1 2024, up from ¥93,358,059.63 in Q1 2023, representing a 21% increase[41] Other Information - The company's cash and cash equivalents as of March 31, 2024, amounted to approximately CNY 1.71 billion, slightly up from CNY 1.70 billion at the end of 2023[31] - Total current assets decreased slightly to CNY 4.76 billion from CNY 4.77 billion at the end of 2023[31] - The company has not disclosed any significant changes in shareholder relationships or actions during the reporting period[27] - The company has not reported any significant new strategies or product developments in the current quarter[28] - There were no significant changes in the number of shares lent or borrowed in the margin trading business during the reporting period[27]