科达制造(600499) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 256,171.14 million, representing a year-on-year increase of 2.83%[4] - The net profit attributable to shareholders was CNY 31,146.89 million, a decrease of 22.60% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 27,573.16 million, down 25.70% year-on-year[4] - In Q1 2024, the company achieved revenue of approximately 2.562 billion RMB, a year-on-year increase of 2.83%[16] - Net profit for Q1 2024 was RMB 407,851,772.64, a decrease of 27% compared to RMB 559,206,919.47 in Q1 2023[24] - The company reported a total comprehensive income of RMB 508,881,012.26 for Q1 2024, compared to RMB 297,348,992.65 in Q1 2023[25] - Basic earnings per share for Q1 2024 were RMB 0.165, down from RMB 0.210 in Q1 2023[25] Cash Flow and Investments - The net cash flow from operating activities increased significantly by 121.44%, amounting to CNY 10,389.99 million, primarily due to higher cash receipts from sales of goods and services[7] - Cash flow from operating activities generated RMB 103,899,871.50, a significant recovery from a negative cash flow of RMB -484,515,317.51 in Q1 2023[27] - The net cash flow from investment activities was -$99,864,019.95, a significant improvement compared to -$1,084,377,877.39 in the previous period[28] - Total cash inflow from financing activities amounted to $1,047,920,724.92, down from $2,106,562,815.77 year-over-year[28] - The net cash flow from financing activities was -$124,098,349.82, contrasting with a positive flow of $1,308,178,350.10 in the prior period[28] - The cash and cash equivalents at the end of the period stood at $3,243,770,049.63, a decrease from $3,466,180,652.32 at the end of the previous period[28] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,436,143.09 million, reflecting a 3.21% increase from the end of the previous year[4] - The company’s total assets as of March 31, 2024, amounted to approximately 24.361 billion RMB, an increase from 23.604 billion RMB at the end of 2023[20] - The company’s total liabilities as of March 31, 2024, were approximately 10.180 billion RMB, compared to 9.917 billion RMB at the end of 2023[21] - The company’s equity attributable to shareholders increased to approximately 11.749 billion RMB as of March 31, 2024, from 11.398 billion RMB at the end of 2023[22] Shareholder Information - The top ten shareholders held a total of 1,000,000 shares in margin trading, representing 0.05% of the total shares[15] - The number of ordinary shareholders at the end of the reporting period was 80,399[8] - The company’s GDRs (Global Depositary Receipts) outstanding as of March 29, 2024, were 3,049,103, accounting for 25.41% of the actual issued quantity[14] Business Operations - The overseas orders for the construction ceramic machinery business accounted for over 65% of total orders during the reporting period[16] - The lithium battery materials business saw an increase in production and sales volume in Q1 2024, with lithium carbonate production of approximately 8,700 tons and sales of approximately 9,900 tons, generating revenue of 777 million RMB and a net profit of 231 million RMB[17] - The company plans to launch several projects in 2024, including the Cameroon ceramic project and the Tanzania architectural glass project, which are expected to commence production within the year[17] - The company’s net profit attributable to the listed company from its investment in Qinghai Salt Lake Blue Science Lithium Industry Co., Ltd. was confirmed at 101 million RMB, based on an indirect holding ratio of 43.58%[17] Costs and Expenses - Total operating costs increased to RMB 2,292,992,331.76, up 6.9% from RMB 2,143,881,210.34 in the same period last year[24] - Research and development expenses rose to RMB 80,290,054.32, reflecting a 16.5% increase from RMB 68,785,357.94 in Q1 2023[24] - Sales expenses increased to RMB 158,120,959.36, up 24.7% from RMB 126,756,948.66 in Q1 2023[24] - The company reported a tax expense of RMB 42,298,952.33, significantly higher than RMB 14,555,775.86 in Q1 2023[24] Non-Recurring Gains and Losses - The company reported non-recurring gains of CNY 35,737.38 million, primarily from the disposal of non-current assets and government subsidies[6] - The company achieved a total investment income of RMB 125,693,267.96, a decrease from RMB 187,086,238.44 in the previous year[24] Accounting and Standards - The company did not apply new accounting standards for the current reporting period[29] Currency Impact - The impact of exchange rate changes on cash and cash equivalents was -$6,644,235.92, reflecting currency fluctuations[28]