民和股份(002234) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥522,443,913, a decrease of 9.55% compared to ¥577,581,282 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥34,906,929.69, representing a decline of 161.39% from a profit of ¥56,856,533.46 in the previous year[4] - The basic and diluted earnings per share were both -¥0.10, a decrease of 162.50% compared to ¥0.16 in the previous year[4] - The net profit for Q1 2024 was -35,395,820.22 CNY, a significant decrease compared to a net profit of 54,461,242.57 CNY in Q1 2023, representing a decline of approximately 165%[20] - Operating profit for Q1 2024 was -35,416,404.67 CNY, compared to an operating profit of 56,497,712.40 CNY in the same period last year, indicating a decline of around 162%[20] - The total comprehensive income for Q1 2024 was -35,395,820.22 CNY, compared to 54,461,242.57 CNY in Q1 2023, reflecting a decline of approximately 165%[21] Cash Flow - The net cash flow from operating activities was negative at ¥13,279,214.14, down 114.53% from ¥91,405,501.63 in the same period last year[4] - Cash flow from operating activities showed a net outflow of -13,279,214.14 CNY, a stark contrast to a net inflow of 91,405,501.63 CNY in Q1 2023[23] - The company reported cash inflows from financing activities of 626,810,215.22 CNY in Q1 2024, an increase from 333,207,011.11 CNY in Q1 2023, representing an increase of about 88%[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,790,292,367.65, an increase of 0.92% from ¥3,755,717,117.66 at the end of the previous year[4] - The total liabilities increased to CNY 1,550,146,737.33 from CNY 1,480,208,745.49, representing an increase of 4.71%[16] - The equity attributable to shareholders decreased by 1.52% to ¥2,252,477,560.36 from ¥2,287,351,411.68 at the end of the previous year[4] Investment and Expenses - The company reported a significant increase in financial expenses, which rose by 54.43% to ¥7,427,150.31 due to decreased deposit interest[7] - Investment income showed a substantial decline of 211.87%, resulting in a loss of ¥12,074,921.00 compared to a loss of ¥3,871,771.69 in the previous year[7] - The company reported an investment loss of -12,074,921.00 CNY in Q1 2024, compared to a loss of -3,871,771.69 CNY in Q1 2023, marking an increase in losses of about 211%[20] Operational Metrics - The total operating revenue for the first quarter of 2024 was CNY 522,443,913, a decrease of 9.55% compared to CNY 577,581,282.57 in the previous period[18] - The total operating costs increased to CNY 545,293,176.52, up 5.56% from CNY 516,556,394.93 in the previous period[18] - The operating cost of goods sold was CNY 457,871,016.94, which is an increase of 6.53% compared to CNY 429,806,454.09 in the previous period[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 35,733, with the largest shareholder holding 18.16% of the shares[8] - The company plans to continue its stock repurchase program as indicated by the major shareholder's intention to increase holdings from November 6, 2023, to February 5, 2024[11] Research and Development - Research and development expenses for the quarter were CNY 4,783,675.65, slightly up from CNY 4,470,621.20 in the previous period, indicating a focus on innovation[18] Inventory Management - The company reported a decrease in inventory to CNY 582,763,195.77 from CNY 574,273,555.40, reflecting a strategic inventory management approach[14] Cash and Cash Equivalents - The company's cash and cash equivalents at the end of the period were CNY 630,409,528.54, up from CNY 587,852,902.23 at the beginning of the period, reflecting an increase of 7.00%[14] - Cash and cash equivalents at the end of Q1 2024 totaled 473,072,719.50 CNY, down from 845,784,250.05 CNY at the end of Q1 2023, a decrease of approximately 44%[24] Credit Impairment - The company incurred a credit impairment loss of -355,171.33 CNY in Q1 2024, compared to a gain of 10,115.84 CNY in Q1 2023[20]