COPTON(SH:603798)2024-04-26 11:12Financial Performance - The company's operating revenue for Q1 2024 was CNY 342,713,197.34, representing a decrease of 7.61% compared to the same period last year[5]. - Net profit attributable to shareholders was CNY 42,165,807.88, an increase of 22.47% year-on-year[5]. - Net profit for Q1 2024 was ¥44,175,364.10, an increase of 27.0% from ¥34,799,368.60 in Q1 2023[17]. - Earnings per share for Q1 2024 was ¥0.16, up from ¥0.13 in Q1 2023, reflecting a growth of 23.1%[17]. - The weighted average return on equity increased by 0.62 percentage points to 3.71%[5]. Cash Flow - The net cash flow from operating activities increased by 41.16% to CNY 113,289,426.69, primarily due to the maturity of financial products[5]. - In Q1 2024, the net cash flow from operating activities was $113.29 million, an increase of 41.1% compared to $80.25 million in Q1 2023[20]. - Total cash inflow from operating activities decreased to $356.48 million in Q1 2024 from $389.23 million in Q1 2023, reflecting a decline of 8.4%[20]. - Cash outflow from operating activities also decreased to $243.19 million in Q1 2024 from $308.98 million in Q1 2023, a reduction of 21.3%[20]. - The cash inflow from operating activities was impacted by a decrease in cash received from sales, which fell to $337.02 million in Q1 2024 from $372.45 million in Q1 2023, a decrease of 9.5%[20]. Assets and Liabilities - Total assets at the end of Q1 2024 reached CNY 1,399,997,968.96, reflecting a growth of 3.04% from the end of the previous year[6]. - Total assets increased to ¥1,399,997,968.96 in Q1 2024 from ¥1,358,695,258.32 in Q1 2023, marking a growth of 3.0%[14]. - Total liabilities rose to ¥215,097,169.36 in Q1 2024 from ¥198,321,635.25 in Q1 2023, an increase of 8.5%[14]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 21,242[10]. - The top two shareholders held a combined 51.82% of the shares, with Hengjia Shike International (Hong Kong) Limited holding 26.99% and Qingdao Lubang Petrochemical Co., Ltd. holding 24.83%[10]. Investment and Expenses - The company reported a significant increase of 54.05% in long-term equity investments, attributed to investments in Jiangxi Jiaolan and Qingdao Rongyi[8]. - The company experienced a 9.82% decrease in operating costs, correlating with the decline in sales[8]. - Total operating costs decreased to ¥291,772,467.69 in Q1 2024 from ¥332,244,097.20 in Q1 2023, representing a reduction of 12.1%[16]. - The company reported a significant reduction in research and development expenses to ¥7,768,117.91 in Q1 2024 from ¥11,701,373.61 in Q1 2023, a decrease of 33.5%[16]. Cash Flow from Investing and Financing Activities - The net cash flow from investing activities was $1.27 million in Q1 2024, a significant improvement from a negative $161.28 million in Q1 2023[20]. - Cash inflow from investing activities increased to $252.18 million in Q1 2024, up from $141.77 million in Q1 2023, marking a growth of 77.9%[20]. - Cash outflow from investing activities decreased to $250.91 million in Q1 2024 from $303.04 million in Q1 2023, a decline of 17.3%[20]. - The net cash flow from financing activities was negative $21.66 million in Q1 2024, worsening from negative $8 million in Q1 2023[21]. - The total cash and cash equivalents at the end of Q1 2024 were $302.02 million, an increase from $261.84 million at the end of Q1 2023[21]. - The company received $10 million in borrowings during Q1 2024, contributing to its cash inflow from financing activities[21].