聚石化学(688669) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 1,196,736,315.94, representing a 44.19% increase compared to the same period last year[4] - The net profit attributable to shareholders was a loss of CNY 9,677,859.37, reflecting a decrease of 166.68% year-over-year[4] - The basic earnings per share (EPS) was -CNY 0.08, down 151.45% from the previous year[4] - Total operating revenue for Q1 2024 reached ¥1,196,736,315.94, a significant increase of 44.1% compared to ¥829,954,719.82 in Q1 2023[17] - The net profit for Q1 2024 was a loss of ¥4,270,418.73, compared to a net profit of ¥12,895,607.45 in Q1 2023, representing a decline of 133.2%[18] - The company's gross profit margin decreased to -1.0% in Q1 2024 from 6.5% in Q1 2023[17] - The company reported a total comprehensive income of -¥3,446,430.93 for Q1 2024, compared to ¥17,189,978.84 in Q1 2023[19] Research and Development - Research and development (R&D) expenses totaled CNY 28,787,105.97, accounting for 2.41% of operating revenue, a decrease of 1.10% from the previous year[5] - Research and development expenses for Q1 2024 were ¥28,787,105.97, slightly down from ¥29,097,963.72 in Q1 2023[17] Assets and Liabilities - Total assets increased by 4.82% to CNY 5,130,545,879.42 compared to the end of the previous year[5] - As of March 31, 2024, the company's total assets amounted to ¥5,130,545,879.42, an increase from ¥4,894,402,986.96 as of December 31, 2023, reflecting a growth of approximately 4.8%[15] - The company's current assets totaled ¥2,577,798,212.15, compared to ¥2,499,704,539.19 at the end of 2023, indicating an increase of about 3.1%[15] - Total liabilities reached ¥3,377,866,568.35, compared to ¥3,138,926,179.71 at the end of 2023, marking an increase of approximately 7.6%[16] - The company's long-term borrowings increased to ¥852,172,022.80 from ¥692,696,838.24, reflecting a significant rise of about 23.0%[16] - The total equity attributable to shareholders decreased to ¥1,558,530,087.31 from ¥1,567,684,666.38, indicating a decline of approximately 0.8%[16] Cash Flow - Cash inflow from operating activities in Q1 2024 was ¥1,216,733,478.70, an increase of 40.3% from ¥866,762,559.87 in Q1 2023[21] - The net cash flow from operating activities for Q1 2024 was $60,795,880.19, a significant improvement compared to a net outflow of $39,481,464.73 in Q1 2023, indicating a turnaround in operational efficiency[22] - Total cash outflow from investing activities was $101,353,816.86, down from $161,826,642.63 in the previous year, reflecting a reduction in capital expenditures[22] - The net cash flow from financing activities was $23,216,619.24, compared to $85,499,213.69 in Q1 2023, showing a decrease in financing inflows[23] - The total cash and cash equivalents at the end of Q1 2024 stood at $153,281,913.52, a decrease from $248,528,730.98 at the beginning of the quarter[23] - The company paid $86,958,472.54 in employee compensation, an increase from $73,640,912.25 in the same period last year, indicating a rise in workforce costs[22] - Tax payments increased to $40,437,686.67 from $25,715,342.24, reflecting higher tax obligations due to improved profitability[22] - Cash inflows from financing activities totaled $559,626,281.85, up from $485,565,778.26 in Q1 2023, indicating stronger capital raising efforts[23] - The company reported a cash outflow of $442,019,313.09 for debt repayment, which increased from $352,933,402.79 in the previous year, highlighting a focus on debt management[23] - The impact of exchange rate fluctuations on cash and cash equivalents was a positive $392,674.01, contrasting with a negative impact of $4,481,980.79 in Q1 2023[23] - The net increase in cash and cash equivalents for the quarter was -$9,043,053.38, compared to a much larger decrease of -$120,051,954.46 in the same quarter last year, indicating improved cash management[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,724[11] - The company reported a total of 1,144,000 shares held by Shenzhen Baochuang Gongying Industrial Investment Partnership, indicating significant shareholder engagement[12] - The company has not reported any changes in the top 10 shareholders or unlimited circulation shareholders due to securities lending or return reasons[13] Operating Costs - Total operating costs for Q1 2024 were ¥1,208,678,651.15, up 48.5% from ¥813,904,111.96 in Q1 2023[17] - The company experienced a decline in gross margin, contributing to the net profit loss due to increased financial expenses from new project investments[9] - The financial expenses for Q1 2024 were ¥29,365,944.73, an increase of 71.2% from ¥17,159,726.53 in Q1 2023[17] - The company experienced a significant increase in tax expenses, with a total of -¥2,049,898.89 in Q1 2024 compared to ¥370,943.11 in Q1 2023[18]