佛塑科技(000973) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥500,927,918.29, a decrease of 17.80% compared to ¥609,400,222.07 in the same period last year[4] - Net profit attributable to shareholders was ¥18,105,700.86, reflecting a slight increase of 1.48% from ¥17,842,114.14 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥16,537,634.23, which is a 13.33% increase from ¥14,592,412.60 in the previous year[4] - The net profit for Q1 2024 was CNY 24,512,238.59, a decrease of 3.16% compared to CNY 25,314,850.01 in Q1 2023[21] - The total comprehensive income for the period was CNY 24,544,428.26, compared to CNY 25,095,314.62 in the previous year, reflecting a decrease of 2.19%[21] - The basic and diluted earnings per share for Q1 2024 were both CNY 0.0187, compared to CNY 0.0184 in Q1 2023, indicating a slight increase[21] Cash Flow and Assets - The company's cash flow from operating activities showed an improvement, with a net cash outflow of ¥33,913,568.32, a 3.33% reduction from the outflow of ¥35,083,270.21 in the same period last year[4] - Cash and cash equivalents decreased to CNY 731,627,576.88 from CNY 834,354,131.94 at the beginning of the period, a decline of 12.3%[19] - The company reported a cash and cash equivalents balance of CNY 714,437,953.28 at the end of the quarter, down from CNY 889,433,778.78 year-over-year[24] - Total assets at the end of the reporting period were ¥4,569,716,184.81, a decrease of 0.43% from ¥4,589,243,095.58 at the end of the previous year[4] - Total liabilities decreased to CNY 1,107,690,456.72 from CNY 1,151,761,795.75, a reduction of 3.8%[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 68,166[11] - Guangdong Guangxin Holdings Group Co., Ltd. holds 26.75% of shares, totaling 258,760,512 shares[11] Investments and Projects - The company is investing 232.99 million RMB in the high-performance composite barrier material upgrade and expansion project to enhance market competitiveness[14] - The company is investing 195.70 million RMB in the high-precision ultra-thin capacitor film phase II project to expand production capacity[15] - The company is investing 498.88 million RMB in the polarizer phase III project to increase production capacity and enhance R&D capabilities[16] - The company is investing 80.88 million RMB in the breathable film expansion project to strengthen market position[17] - The project for the new factory and supporting facilities for the polarizer phase III project is underway, with the main factory construction completed[13] - The funding for the projects comes from the company's own funds and bank loans[13][14][15][16][17] - The projects are progressing as planned according to the company's announcements[13][14][15][16][17] Operational Metrics - Total operating costs for Q1 2024 were CNY 467,289,976.48, down 18.9% from CNY 577,200,618.81 year-on-year[20] - Gross profit margin for Q1 2024 was approximately 6.5%, compared to 5.3% in Q1 2023[20] - The total revenue from operating activities was CNY 637,596,928.90, slightly down from CNY 638,358,391.09 in the previous year[23] - The operating profit increased to CNY 28,756,416.94, up from CNY 27,607,314.01, reflecting a growth of 4.15%[21] Tax and Receivables - The company experienced a significant increase of 367.49% in tax refunds received, primarily due to an increase in export tax rebates[9] - The income tax expense for the quarter was CNY 4,044,909.25, an increase from CNY 2,868,109.09 in Q1 2023, representing a rise of 41.0%[21] - Accounts receivable increased to CNY 297,225,149.54 from CNY 259,508,358.21, reflecting a rise of 14.5%[19] - Inventory decreased to CNY 417,229,095.05 from CNY 467,844,990.25, a reduction of 10.8%[19] Borrowings - Short-term borrowings increased to CNY 219,023,096.34 from CNY 184,499,275.18, an increase of 18.6%[19]