晨光新材(605399) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 273,853,534.36, representing a decrease of 3.31% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 25,646,683.60, down 36.95% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 53.32% to CNY 15,169,774.42[5] - Basic and diluted earnings per share were both CNY 0.08, down 38.46% year-on-year[5] - Net profit for Q1 2024 was CNY 25,605,645.63, down 37.0% from CNY 40,642,175.02 in Q1 2023[22] - Operating profit for Q1 2024 was CNY 30,222,019.85, a decline of 34.3% from CNY 46,022,491.80 in Q1 2023[22] - The total comprehensive income for the period was reported at 32,693,732.09 RMB, compared to 42,850,700.88 RMB in the previous year, showing a decrease of approximately 23.7%[33] Cash Flow - The net cash flow from operating activities was negative at CNY -5,834,283.11, a decline of 105.63% compared to the previous year[5] - Cash flow from operating activities for Q1 2024 was negative CNY 5,834,283.11, compared to positive CNY 103,615,341.87 in Q1 2023[25] - In Q1 2024, the company reported a net cash flow from operating activities of -2,854,410.29 RMB, a significant decrease compared to 74,836,919.92 RMB in Q1 2023[36] - Total cash inflow from operating activities was 163,308,034.01 RMB, down from 238,026,798.76 RMB year-over-year, indicating a decline of approximately 31.4%[35] - The net cash flow from financing activities for Q1 2024 was CNY 187,287,123.33, significantly higher than CNY -998,747.54 in Q1 2023[30] - Cash inflow from financing activities amounted to 85,060,754.70 RMB, with a net cash flow of 72,969,979.92 RMB after outflows, contrasting with a negative cash flow of -998,747.54 RMB in Q1 2023[36] Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 3,273,162,848.66, an increase of 3.80% from the end of the previous year[6] - The company's total liabilities increased to RMB 1,061,693,877.73 from RMB 968,051,419.18, marking an increase of about 9.7%[19] - The company's total current assets amounted to RMB 1,891,013,954.59, an increase from RMB 1,838,317,751.35, indicating a growth of about 2.9%[18] - The total equity as of March 31, 2024, was CNY 2,220,089,511.33, an increase from CNY 2,186,656,668.25 at the end of 2023[31] Inventory and Receivables - The inventory level was reported at RMB 158,832,808.24, slightly down from RMB 159,621,355.56, indicating a decrease of about 0.5%[18] - The accounts receivable decreased to RMB 114,394,746.21 from RMB 118,905,005.64, showing a decline of approximately 3.8%[17] Research and Development - Research and development expenses for Q1 2024 were CNY 11,230,874.50, slightly down from CNY 11,932,321.52 in Q1 2023[21] - Research and development expenses for Q1 2024 were CNY 10,210,794.46, a decrease from CNY 11,932,321.52 in Q1 2023[32] Other Financial Metrics - Non-recurring gains and losses totaled CNY 10,476,909.18 for the period, primarily due to government subsidies and other factors[10] - The weighted average return on equity decreased by 0.67 percentage points to 1.17%[5] - The company completed the registration of 1,170,000 restricted stock grants under the 2024 incentive plan during the reporting period[7] - The company reported a significant increase in interest expenses to CNY 212,687.57 in Q1 2024 from CNY 67,105.96 in Q1 2023[22] - The company has not adopted new accounting standards or interpretations for the first time in 2024, indicating continuity in accounting practices[37]