Financial Performance - Operating revenue for Q1 2024 was CNY 114,173,207.81, representing a decrease of 8.42% from CNY 124,670,488.37 in Q1 2023[11] - Net profit attributable to shareholders decreased by 27.59% to CNY 9,286,695.82 from CNY 12,825,463.99 year-on-year[11] - The weighted average return on equity (based on net profit attributable to shareholders) decreased to 0.98% from 1.34% year-on-year[11] - Net profit for Q1 2024 was CNY 8,938,365.87, a decline of 27.0% from CNY 12,344,792.96 in Q1 2023[41] - Comprehensive income for Q1 2024 totaled CNY 8,719,809.95, down from CNY 12,453,703.52 in Q1 2023, a decrease of 30.0%[41] - Earnings per share for Q1 2024 were CNY 0.05, compared to CNY 0.07 in Q1 2023, reflecting a 28.6% decrease[42] Cash Flow - The net cash flow from operating activities was negative at CNY -33,616,208.95, an increase of 167.45% compared to CNY -12,569,043.31 in the same period last year[11] - Operating cash flow for Q1 2024 was -33,616,208.95 CNY, compared to -12,569,043.31 CNY in Q1 2023, indicating a significant decline[45] - The company reported a net decrease in cash and cash equivalents of -10,590,429.49 CNY for Q1 2024, contrasting with an increase of 1,545,382.70 CNY in Q1 2023[45] - Cash and cash equivalents at the end of Q1 2024 stood at 209,909,662.48 CNY, down from 428,774,557.34 CNY at the end of Q1 2023[45] - Cash inflow from operating activities for the parent company in Q1 2024 was 141,164,890.41 CNY, compared to 98,950,157.85 CNY in Q1 2023, indicating growth[46] - The parent company experienced a net cash flow from operating activities of -24,639,552.59 CNY in Q1 2024, worsening from -4,583,038.86 CNY in Q1 2023[47] Assets and Liabilities - Total assets increased by 2.95% to CNY 1,310,456,679.28 as of March 31, 2024, compared to CNY 1,272,868,353.38 at the end of 2023[11] - Total liabilities increased to CNY 271,994,463.53 in Q1 2024 from CNY 242,899,340.23 in Q1 2023, representing a growth of 12.0%[39] - Total liabilities increased to ¥358,616,975.82 from ¥329,986,161.26, reflecting a growth of about 8.7%[36] - Current liabilities decreased to ¥305,502,687.66 from ¥312,226,608.87, a reduction of approximately 2.3%[36] - Non-current liabilities rose significantly to ¥53,114,288.16 from ¥17,759,552.39, indicating an increase of about 199.5%[36] - Shareholders' equity totaled ¥951,839,703.46, up from ¥942,882,192.12, reflecting a growth of approximately 0.9%[36] Investments - The company prepaid raw material costs increased by 157.99% to CNY 23,692,246.75 due to rising raw material prices[12] - The company’s investment activities generated a net cash outflow of CNY -23,840,476.12, an increase of 1,036.36% compared to the previous year[13] - Total cash inflow from investment activities in Q1 2024 was 126,115,723.08 CNY, a substantial increase from 1,008,845.96 CNY in Q1 2023[45] - Cash outflow for investment activities in Q1 2024 reached 149,956,199.20 CNY, compared to 3,106,823.15 CNY in the same period last year, reflecting increased investment[45] - Total cash inflow from investment activities for the parent company in Q1 2024 was 122,728,540.80 CNY, significantly higher than 49,750.50 CNY in Q1 2023[47] Shareholder Information - The top ten shareholders hold a total of 128,952,843 shares, representing 70.90% of the total shares outstanding[20] - The largest shareholder, Yin Yuhang, holds 61,187,500 shares, accounting for 33.64% of the total shares[19] - The company has a total of 94,150,250 shares that are subject to lock-up agreements[20] Legal and Compliance - The company has no significant litigation or arbitration matters during the reporting period[25] - The company reported a total of 859,111.49 yuan in litigation claims, which is 0.09% of the net assets at the end of the period[26] - The company has no pledged or judicially frozen shares among its major shareholders[22] - The company has no external guarantees or loans provided during the reporting period[24] - There are no new commitments made by the company during the reporting period, and all previous commitments are being fulfilled[29] Future Outlook - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[40]
奔朗新材(836807) - 2024 Q1 - 季度财报