聚和材料(688503) - 2024 Q1 - 季度财报

Financial Performance - The company reported a diluted earnings per share of -38.50, primarily impacted by changes in the fair value of equity investments[18]. - Total revenue for Q1 2024 reached ¥2,388,307,317.93, a 65.57% increase compared to Q1 2023[41]. - Net profit attributable to shareholders decreased by 38.80% due to changes in the fair value of equity investments[41]. - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 37.25%, driven by higher sales volumes of TOPCON and HJT products[41]. - Net profit for Q1 2024 was ¥75,719,925.35, down from ¥123,722,158.47 in Q1 2023, reflecting a decrease of approximately 38.8%[50]. - The net profit attributable to shareholders for Q1 2024 was ¥75,820,998.98, showing a decrease of 38.80% year-over-year[67]. - The total profit for Q1 2024 was ¥106,365,153.41, compared to ¥137,100,171.15 in Q1 2023[61]. Revenue and Costs - Total operating revenue for Q1 2024 reached ¥2,953,155,555.36, a significant increase from ¥1,783,623,461.21 in Q1 2023, representing a growth of approximately 65.3%[48]. - Total operating costs for Q1 2024 were ¥2,835,140,982.19, compared to ¥1,717,883,675.13 in Q1 2023, indicating an increase of about 65.1%[50]. Research and Development - Research and development expenses increased by 69.81%, reflecting the company's commitment to technological innovation[18]. - R&D investment totaled ¥182,480,676.96, accounting for 6.18% of operating revenue, an increase of 2.90 percentage points year-on-year[39]. - Research and development expenses for Q1 2024 amounted to ¥74,623,592.97, up from ¥58,489,209.01 in Q1 2023, showing an increase of about 27.5%[50]. - Research and development expenses for Q1 2024 amounted to ¥62,956,651.62, an increase from ¥53,089,810.39 in Q1 2023[60]. Assets and Liabilities - Total assets reached approximately RMB 7.71 billion, up from RMB 7.50 billion in the previous period, indicating a growth of about 2.5%[23]. - The company’s non-current assets totaled approximately RMB 773.90 million, an increase from RMB 701.74 million in the previous period[23]. - The company reported a total liability of ¥2,840,767,667.82, an increase from ¥2,456,656,898.50 in the previous year[33]. - The company’s total equity and liabilities amounted to ¥7,632,089,220.28, compared to ¥7,439,025,686.73 in the previous year[33]. - Current liabilities rose to 2,827,859,193.48 RMB from 2,443,344,802.47 RMB, suggesting an increase in short-term financial obligations[58]. Cash Flow - Operating cash flow for Q1 2024 was negative at -¥115,892,723.82, reflecting increased procurement expenses due to higher shipment volumes[41]. - The company's cash flow from operating activities showed a concerning trend, with a substantial increase in cash outflows compared to the previous period[53]. - The net cash flow from operating activities for Q1 2024 was -¥1,282,072,447.70, indicating a significant cash outflow[67]. - Total cash inflow from operating activities amounted to 2,407,421,724.12 RMB, while cash outflow was 3,689,494,171.82 RMB, resulting in a net cash flow deficit[53]. - Investment activities generated a net cash outflow of -207,190,705.24 RMB, contrasting with a positive cash flow of 432,208,101.23 RMB in the previous period[55]. - Financing activities produced a net cash inflow of 1,164,072,221.15 RMB, compared to 163,209,090.93 RMB previously, reflecting improved financing conditions[56]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 7,122[7]. - The top ten shareholders held a combined 42.71% of the company's shares, with the largest shareholder owning 11.06%[7]. Other Financial Metrics - The company received government grants amounting to RMB 2,394,463.45 during the reporting period[16]. - The company reported a total comprehensive income of ¥67,148,693.89 for Q1 2024, compared to ¥123,722,158.47 in Q1 2023, indicating a decline of about 45.6%[51]. - The company's financial expenses for Q1 2024 were ¥5,291,007.85, a decrease from ¥6,248,944.68 in Q1 2023[60]. - The company's cash and cash equivalents decreased to ¥326,601,822.00 as of March 31, 2024, from ¥748,798,453.04 as of December 31, 2023, a decline of approximately 56.4%[46].