凤形股份(002760) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥140,336,217.54, a decrease of 15.17% compared to ¥165,423,948.43 in the same period last year[5] - Net profit attributable to shareholders was ¥2,976,547.98, down 78.03% from ¥13,545,509.91 year-on-year[5] - Total operating revenue for Q1 2024 was ¥140,336,217.54, a decrease of 15.2% compared to ¥165,423,948.43 in Q1 2023[22] - Net profit for Q1 2024 was ¥2,976,547.98, a significant decline of 78.0% from ¥13,545,509.91 in Q1 2023[23] - Basic and diluted earnings per share were both ¥0.03, a decrease of 76.92% from ¥0.13 in the same period last year[5] - Basic and diluted earnings per share for Q1 2024 were both ¥0.03, compared to ¥0.13 in Q1 2023[24] Cash Flow - The net cash flow from operating activities was -¥56,912,017.14, representing an 8.77% decline compared to -¥52,322,630.62 in the previous year[5] - The net cash flow from operating activities for the current period is -56,912,017.14 CNY, compared to -52,322,630.62 CNY in the previous period, indicating a decline in operational cash flow[25] - Total cash inflow from operating activities decreased to 155,745,328.02 CNY from 184,095,538.97 CNY, a reduction of approximately 15.4%[25] - Cash outflow from operating activities also decreased to 212,657,345.16 CNY from 236,418,169.59 CNY, reflecting a decrease of about 10.1%[25] - The net cash flow from investing activities is -52,822,113.10 CNY, significantly worse than -6,061,260.13 CNY in the previous period[26] - The net cash flow from financing activities is -41,201,974.66 CNY, compared to -16,378,373.33 CNY in the previous period, showing increased cash outflows related to financing[26] - The company’s cash flow from operating activities remains negative, highlighting ongoing challenges in generating positive cash flow from core operations[25] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥1,396,504,427.60, down 6.01% from ¥1,485,784,705.20 at the end of the previous year[5] - Total liabilities decreased to ¥491,636,724.20 in Q1 2024 from ¥579,438,683.78 in Q1 2023, a reduction of 15.1%[20] - Non-current assets totaled ¥590,421,411.17 in Q1 2024, slightly down from ¥598,992,721.64 in Q1 2023[20] Shareholder Information - Total number of common shareholders at the end of the reporting period is 9,179[15] - The largest shareholder, Qinghai Western Indium Industry Co., Ltd., holds 23.28% of shares, totaling 25,142,857 shares, with 6,900,000 shares pledged[15] - The second largest shareholder, Jiangxi Taihao Technology Development Co., Ltd., holds 18.51% of shares, totaling 19,988,706 shares, with 19,640,000 shares pledged[15] Financial Position - Cash and cash equivalents decreased from ¥360,752,486.35 to ¥208,166,261.69, a decline of approximately 42.3%[18] - Cash and cash equivalents at the end of the period decreased to 194,292,146.57 CNY from 467,619,769.41 CNY, a decline of approximately 58.5%[26] - Trading financial assets increased from ¥80,819,198.51 to ¥130,000,000.00, an increase of approximately 60.5%[18] - Accounts receivable increased from ¥150,813,103.24 to ¥161,649,904.71, an increase of approximately 7.3%[18] - Inventory increased from ¥152,664,966.51 to ¥157,960,165.61, an increase of approximately 3.5%[18] Government Support and Expenses - The company received government subsidies amounting to ¥6,760,773.90, contributing to a 436.29% increase in cash received from operating activities[13] - Financial expenses decreased by 37.49% to ¥1,161,397.65, primarily due to reduced loan interest payments[12] - Research and development expenses increased to ¥8,031,120.93 in Q1 2024, up 15.9% from ¥6,923,483.72 in Q1 2023[22] - The company reported an investment income of ¥418,220.30 in Q1 2024, compared to ¥238,275.76 in Q1 2023, marking a growth of 75.5%[23] Debt and Repayment - The company’s long-term borrowings decreased by 23.26% to ¥49,500,000.00 as a result of loan repayments[10] - The company reported a 106.06% increase in cash used for debt repayment, totaling ¥34,000,000.00, reflecting increased loan repayments[13] - The company paid 34,000,000.00 CNY in debt repayments, up from 16,500,000.00 CNY in the previous period, indicating increased debt servicing[26] Other Information - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending[16] - There are no preferred shareholders or significant changes in their holdings reported[16] - The company has not disclosed any new product developments or market expansion strategies in the current report[16]