Kersen(SH:603626)2024-04-26 10:25Financial Performance - The company's operating revenue for Q1 2024 was ¥764,358,427.34, representing a year-on-year increase of 46.13% due to increased production of new products such as graphite sheets[5]. - The net profit attributable to shareholders was -¥70,990,258.37, and the net profit after deducting non-recurring gains and losses was -¥77,998,357.47, indicating a challenging financial period[5]. - The basic and diluted earnings per share were both -¥0.13, indicating a loss per share[5]. - The weighted average return on net assets was -2.55%, an increase of 0.18 percentage points from the previous year[5]. - The net profit for Q1 2024 is not explicitly stated but is implied to be impacted by the increase in revenue and changes in expenses[18]. - Net profit for Q1 2024 was a loss of CNY 70,990,258.37, compared to a loss of CNY 83,663,950.13 in Q1 2023, representing a 15% improvement[20]. - The company reported a total comprehensive loss of CNY 72,889,279.98 for Q1 2024, compared to a loss of CNY 83,855,033.59 in Q1 2023[20]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥37,158,495.23, a decrease of 112.16% compared to the previous year, primarily due to reduced collections and increased material costs[5][8]. - Cash flow from operating activities for Q1 2024 was a net outflow of CNY 37,158,495.23, a significant decline from a net inflow of CNY 305,493,583.10 in Q1 2023[23]. - The company's cash and cash equivalents decreased to ¥362,162,527.48 from ¥397,272,724.66, a decline of 8.8%[13]. - Cash and cash equivalents at the end of Q1 2024 were CNY 355,639,074.08, down from CNY 433,382,859.44 at the end of Q1 2023[24]. - The net cash flow from financing activities for Q1 2024 was CNY 93,475,245.65, a turnaround from a net outflow of CNY 91,455,033.18 in Q1 2023[24]. - The company experienced a foreign exchange impact of CNY 5,438,931.57 on cash and cash equivalents in Q1 2024, compared to a negative impact of CNY 11,374,977.76 in Q1 2023[24]. Assets and Liabilities - Total assets at the end of Q1 2024 were ¥5,362,187,370.35, a 1.50% increase from the end of the previous year[6]. - Current assets totaled ¥2,046,498,066.22 as of March 31, 2024, up from ¥1,900,494,265.40 at the end of 2023, reflecting a growth of 7.7%[13]. - Total liabilities rose to ¥2,631,094,579.27, an increase of 7.0% from ¥2,458,048,607.74[15]. - Non-current assets amounted to ¥3,315,689,304.13, down slightly from ¥3,382,423,406.81, indicating a decrease of 2.0%[14]. - The company's total assets increased to ¥5,362,187,370.35, compared to ¥5,282,917,672.21, reflecting a growth of 1.5%[15]. - Shareholders' equity attributable to the parent company decreased by 3.32% to ¥2,731,092,791.08 compared to the end of the previous year[6]. - The company reported a decrease in retained earnings to ¥347,111,522.18 from ¥418,101,780.55, a decline of 17.0%[15]. Revenue and Costs - Total operating revenue for Q1 2024 reached ¥764,358,427.34, a significant increase of 46.1% compared to ¥523,076,715.18 in Q1 2023[18]. - Total operating costs for Q1 2024 were CNY 845,298,269.26, an increase of 37% compared to CNY 617,503,795.62 in Q1 2023[19]. - Total revenue from sales of goods and services in Q1 2024 was CNY 644,683,630.16, down 34% from CNY 974,294,454.63 in Q1 2023[22]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 65,961[10]. - Major shareholder Xu Jingen holds 25.22% of the shares, with a total of 139,932,561 shares, of which 82,000,000 are pledged[10][11]. Research and Development - Research and development expenses increased to CNY 45,385,868.24 in Q1 2024, up from CNY 38,603,150.12 in Q1 2023, marking a 17% increase[19]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies, although specific figures were not disclosed in the report[18].