宿迁联盛(603065) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 314,353,104.05, representing a decrease of 32.51% compared to the same period last year[4] - The net profit attributable to shareholders was CNY 10,917,687.98, down 75.68% year-on-year[4] - The basic earnings per share decreased by 75.00% to CNY 0.03[4] - Total operating revenue for Q1 2024 was ¥314,353,104.05, a decrease of 32.5% compared to ¥465,772,413.57 in Q1 2023[20] - Net profit for Q1 2024 was ¥10,914,905.96, a decline of 75.6% from ¥44,889,643.34 in Q1 2023[21] - The company achieved a total comprehensive income of 10,926,205.13 RMB in Q1 2024, compared to 45,188,573.48 RMB in Q1 2023, indicating a significant decline[26] - Basic and diluted earnings per share for Q1 2024 were both 0.03 RMB, down from 0.12 RMB in Q1 2023, reflecting a decrease of 75%[26] Cost and Profitability - The company's gross profit margin fell from 20.64% to 12.85%, primarily due to a decline in product prices and increased raw material costs[7] - The average product price decreased by 12.91% year-on-year, while sales volume dropped by 23.82%[7] - The procurement cost of acetone, a key raw material, increased by 26.00% year-on-year[7] - Total operating costs for Q1 2024 were ¥317,633,381.36, down 24.3% from ¥419,348,347.49 in Q1 2023[20] - Research and development expenses decreased to ¥7,313,785.36 in Q1 2024 from ¥9,983,056.87 in Q1 2023, a reduction of 26.7%[20] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -15,908,229.61, indicating cash outflow[4] - In Q1 2024, the company reported a net cash flow from operating activities of -15,908,229.61 RMB, an improvement from -31,493,357.21 RMB in Q1 2023[25] - The company recorded cash inflows from investment activities of 210,970,330.83 RMB in Q1 2024, significantly higher than 70,262,124.04 RMB in Q1 2023[26] - Net cash flow from financing activities in Q1 2024 was 157,440,619.45 RMB, a decrease from 531,101,088.71 RMB in Q1 2023[27] - The company incurred total cash outflows from operating activities of 292,885,012.36 RMB in Q1 2024, compared to 318,462,239.22 RMB in Q1 2023, showing a reduction of approximately 8.0%[26] - The company received 345,000,000.00 RMB from borrowings in Q1 2024, an increase from 203,140,000.00 RMB in Q1 2023[27] - The company's cash and cash equivalents were not explicitly detailed, but the increase in current liabilities suggests a potential liquidity concern[16] Assets and Shareholder Equity - Total assets at the end of the reporting period were CNY 3,361,977,256.35, an increase of 4.19% from the previous year[5] - Total assets increased to ¥3,361,977,256.35 in Q1 2024, up from ¥3,226,627,714.75 in Q1 2023, reflecting a growth of 4.2%[17] - The equity attributable to shareholders increased slightly by 0.56% to CNY 2,103,413,073.80[5] - The total equity attributable to shareholders increased slightly to ¥2,103,413,073.80 in Q1 2024 from ¥2,091,744,347.23 in Q1 2023[17] Shareholder Information - The top shareholder, Suqian LianTuo Holdings (Group) Co., Ltd., holds 80,000,000 shares, accounting for 19.09% of total shares[10] - Wang Baoguang, another major shareholder, owns 65,433,334 shares, representing 15.62% of total shares[10] - The company has a total of 10 major shareholders, with no changes in their participation in margin trading and securities lending[11] Other Financial Metrics - The company reported non-recurring gains of CNY 2,389,537.69 during the period[7] - Accounts receivable increased to RMB 399,923,687.93 from RMB 379,738,988.67, reflecting a rise of about 5.29%[14] - The company’s prepayments increased significantly to RMB 41,126,649.60 from RMB 19,818,205.74, indicating a growth of approximately 107.00%[14] - The company’s financing receivables decreased to RMB 29,314,895.53 from RMB 41,965,785.22, a decline of about 30.36%[14] - The company’s trading financial assets were reported at RMB 70,369,931.19 as of December 31, 2023, with no updates provided for the current quarter[14] - The company reported a credit impairment loss of ¥-2,717,659.94 in Q1 2024, an improvement from ¥-5,959,307.81 in Q1 2023[21] - The company reported cash and cash equivalents of RMB 317,615,273.50 as of March 31, 2024, an increase from RMB 244,334,049.16 on December 31, 2023, representing a growth of approximately 29.93%[14] - Cash and cash equivalents at the end of Q1 2024 totaled 274,087,753.92 RMB, a decrease from 587,356,012.60 RMB at the end of Q1 2023[27] - The company plans to repurchase shares with a total fund of no less than RMB 25 million and no more than RMB 50 million, with a maximum repurchase price of RMB 16.19 per share[12] - The company has not yet implemented the share repurchase plan as of the report date[12]