方大特钢(600507) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was approximately ¥5.87 billion, a decrease of 7.74% compared to ¥4.18 billion in the same period last year[3]. - Net profit attributable to shareholders was approximately ¥93.41 million, down 27.95% from ¥107.51 million year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 8.61% to approximately ¥157.20 million from ¥144.74 million in the previous year[3]. - Total operating revenue for Q1 2024 was CNY 5,874,384,963.89, a decrease of 7.7% compared to CNY 6,367,036,400.06 in Q1 2023[22]. - Net profit for Q1 2024 was CNY 99,779,792.70, a decline of 22.0% from CNY 128,020,431.61 in Q1 2023[23]. - The company reported a decrease in basic earnings per share to CNY 0.042 in Q1 2024, down 30% from CNY 0.060 in Q1 2023[32]. - Diluted earnings per share for Q1 2024 were CNY 0.040, compared to CNY 0.056 in Q1 2023, reflecting a decline of approximately 29%[55]. Cash Flow and Liquidity - The net cash flow from operating activities was approximately ¥1.77 billion, a significant improvement from a negative cash flow of ¥512.65 million in the same period last year[3]. - In Q1 2024, the net cash flow from operating activities was CNY 1,772,336,922.85, a significant improvement compared to a negative cash flow of CNY -549,858,821.14 in Q1 2023[24]. - The cash inflow from investment activities was CNY 8,285,753.26 in Q1 2024, a significant decrease from CNY 301,273,311.58 in Q1 2023[25]. - The net cash flow from financing activities was negative at CNY -187,186,353.32 in Q1 2024, compared to a positive inflow of CNY 319,048,726.61 in Q1 2023[25]. - The company paid CNY 285,003,388.89 in debt repayments during Q1 2024, an increase from CNY 139,743,822.15 in the same period last year[25]. Assets and Liabilities - The total current assets as of March 31, 2024, amounted to approximately ¥12.53 billion, an increase from ¥10.77 billion at the end of 2023[18]. - The company's total assets increased to CNY 21,652,569,564.23 as of March 31, 2024, up from CNY 19,776,506,650.27 at the end of 2023, representing an increase of 9.5%[22]. - The total liabilities increased to CNY 12,526,602,000.00 as of March 31, 2024, compared to CNY 11,000,000,000.00 at the end of 2023, indicating a growth of 13.8%[22]. - The total current liabilities increased to CNY 11,284,061,068.52 as of March 31, 2024, from CNY 9,517,349,311.49 at the end of 2023, representing a rise of approximately 18.6%[54]. - The total owner's equity reached CNY 9,609,347,997.86 as of March 31, 2024, compared to CNY 9,505,127,425.95 at the end of 2023, indicating an increase of about 1.1%[54]. Investments and Subsidiaries - The company has integrated Fangda International Trade Co., Ltd. as a wholly-owned subsidiary, impacting the consolidated financial statements[11]. - The company utilized CNY 430 million of idle funds for entrusted wealth management, resulting in the acquisition of 78.72 million shares of Sunshine Insurance at a price of HKD 5.83 per share, totaling HKD 459 million[39]. Research and Development - Research and development expenses for Q1 2024 were CNY 31,233,105.37, significantly higher than CNY 14,379,647.98 in Q1 2023, reflecting a 117.5% increase[22]. Non-Recurring Items - The company experienced a non-recurring loss of approximately ¥63.79 million, primarily due to adjustments in non-operating income and expenses[6]. - The company received government subsidies amounting to CNY 35,173,255.04 during the period, which positively impacted the financial results[33].