Financial Performance - Net profit attributable to shareholders for Q1 2024 was ¥22,427,349, a decrease of 34.71% compared to ¥34,351,394 in Q1 2023[9] - Operating revenue for Q1 2024 was ¥66,502,822, down 41.89% from ¥114,443,176 in the same period last year[9] - Total operating revenue for Q1 2024 was ¥66,502,822.36, a decrease from ¥114,443,176.10 in Q1 2023, representing a decline of approximately 42%[38] - Net profit for Q1 2024 was ¥22,427,349.07, compared to ¥34,351,394.45 in Q1 2023, reflecting a decrease of approximately 35%[39] - Earnings per share for Q1 2024 were ¥0.24, down from ¥0.38 in Q1 2023, a decline of 36%[39] - Total comprehensive income for Q1 2024 was ¥16,962,169.89, reflecting a decrease of 50.7% from ¥34,411,796.36 in Q1 2023[41] - Operating profit for Q1 2024 was ¥18,680,431.62, down 52.9% from ¥39,647,219.71 in Q1 2023[40] Assets and Liabilities - Total assets as of March 31, 2024, amounted to ¥857,074,540, representing a 1.31% increase from the end of the previous year[9] - The asset-liability ratio for the consolidated entity decreased to 19.07% from 20.67% at the end of the previous year[9] - Total liabilities decreased to ¥163,475,841.02 from ¥174,867,608.56, a reduction of about 6.5%[34] - The company's equity attributable to shareholders increased to ¥693,598,698.98 from ¥671,110,055.42, representing a growth of approximately 3.4%[34] - Total liabilities decreased to ¥160,205,126.53 in Q1 2024 from ¥170,785,512.90 in Q1 2023, a reduction of about 6%[37] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥11,393,858.78, a decline of 133.25% compared to the previous year[11] - Cash flow from operating activities showed a net outflow of ¥11,393,858.78 in Q1 2024, compared to a net inflow of ¥34,267,802.99 in Q1 2023[42] - Investment activities resulted in a net cash outflow of ¥88,692,549.18 in Q1 2024, compared to a net outflow of ¥66,445,407.24 in Q1 2023[43] - Cash inflows from financing activities totaled $31,320,063.68, while cash outflows amounted to $5,606,588.85, resulting in a net cash flow of -$77,855.56 from financing activities[45] Investments and Projects - The construction of the "20,000 tons/year special surfactant project" is completed, with equipment installation nearly finished[26] - The "Kangpu Chemical Technology Research Institute" project has been completed and is now in use[26] - The adjustment of the "20,000 tons/year special surfactant project" to reach operational status is extended to March 31, 2024[25] - The adjustment of the "Kangpu Chemical Technology Research Institute" project to reach operational status is extended to April 10, 2024[25] - The company has made substantial investments totaling $160,000,000.00 in various projects, reflecting a commitment to expansion and development[45] Shareholder Information - The total number of unrestricted shares increased from 30,833,920 to 32,103,920, representing 35.03% of total shares[16] - The total number of restricted shares decreased from 60,808,580 to 59,538,580, now accounting for 64.97% of total shares[16] - The largest shareholder, Zou Qian, holds 35,392,500 shares, representing 38.62% of total shares[17] Other Financial Metrics - The weighted average return on equity based on net profit attributable to shareholders was 3.29%, down from 6.27% in the previous year[9] - Research and development expenses for Q1 2024 were ¥3,361,807.12, an increase from ¥2,625,462.75 in Q1 2023, reflecting a growth of approximately 28%[38] - The company reported a financial income of ¥557,410.61 in Q1 2024, compared to no such income reported in Q1 2023[39] - The company reported a significant increase in tax expenses, totaling ¥2,944,783.94 in Q1 2024, compared to ¥5,938,137.66 in Q1 2023[40] Legal and Compliance - The company has no significant litigation or arbitration matters during the reporting period[21]
康普化学(834033) - 2024 Q1 - 季度财报