景兴纸业(002067) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥1,265,318,360.73, a decrease of 0.70% compared to ¥1,274,263,511.89 in the same period last year[3] - Net profit attributable to shareholders increased by 103.80% to ¥21,604,006.71 from ¥10,600,725.38 year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses rose by 247.19% to ¥20,400,597.68 from ¥5,875,907.61 in the previous year[3] - Basic and diluted earnings per share both increased to ¥0.02, doubling from ¥0.01 year-on-year[3] - Total operating revenue for Q1 2024 was CNY 1,265,318,360.73, a decrease of 0.74% compared to CNY 1,274,263,511.89 in Q1 2023[18] - Net profit for Q1 2024 increased to CNY 20,627,894.25, compared to CNY 10,332,033.47 in Q1 2023, representing a growth of 99.88%[18] - The net profit attributable to the parent company for Q1 2024 was CNY 21,604,006.71, a significant increase from CNY 10,600,725.38 in Q1 2023, representing a growth of approximately 103.3%[19] - The total comprehensive income for Q1 2024 was CNY 24,124,281.54, compared to a loss of CNY 13,903,484.52 in the same period last year[19] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥125,767,356.47, a decline of 217.86% compared to ¥106,706,192.20 in the same period last year[3] - Cash and cash equivalents net increase decreased by 106% year-on-year, primarily due to the aforementioned factors[9] - The net cash flow from operating activities for Q1 2024 was negative CNY 125,767,356.47, a decline from a positive CNY 106,706,192.20 in Q1 2023[21] - Cash and cash equivalents at the end of Q1 2024 amounted to CNY 1,201,758,997.76, down from CNY 1,347,905,289.91 at the end of Q1 2023[22] - The company reported cash inflows from operating activities totaling CNY 1,239,730,773.43, a decrease from CNY 1,299,947,774.15 in the previous year[21] - The cash outflow from investing activities was CNY 54,911,521.78, compared to CNY 184,643,131.98 in Q1 2023, indicating a reduction in investment spending[21] - The net cash flow from financing activities for Q1 2024 was CNY 154,377,408.22, down from CNY 264,359,921.40 in Q1 2023[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,199,699,978.26, reflecting a slight increase of 0.21% from ¥8,182,884,479.59 at the end of the previous year[3] - Current assets totaled CNY 3,054,248,751.54, an increase of 2.30% from CNY 2,985,764,612.87 in the previous quarter[14] - Total liabilities decreased slightly to CNY 2,595,502,210.72 from CNY 2,603,862,562.52 in the previous quarter[15] - Financial assets increased by 31.81% compared to the beginning of the year, primarily due to increased wealth management purchases[7] - Short-term borrowings increased by 39.47% compared to the beginning of the year, mainly due to increased borrowing[7] - Short-term borrowings rose to CNY 456,352,408.39, an increase of 39.4% from CNY 327,212,515.63 in the previous quarter[15] Operational Metrics - Total operating costs for Q1 2024 were CNY 1,270,045,721.14, down from CNY 1,290,103,914.30 in the same period last year, reflecting a reduction of 1.55%[18] - The company reported a gross profit margin of approximately 0.4% for Q1 2024, compared to a margin of 0.3% in Q1 2023[18] - Research and development expenses were CNY 33,020,903.97, slightly up from CNY 32,559,077.27 in the previous year[18] Shareholder Information - Total number of common shareholders at the end of the reporting period is 65,598[9] - Shareholders' equity attributable to the parent company rose by 0.45% to ¥5,598,832,140.90 from ¥5,573,730,177.97 at the end of the previous year[3] Strategic Developments - The company has officially launched the second phase project in Malaysia, which will establish a 600,000-ton paper production line[11] - The company plans to transfer 16.4861% equity in Aitke Holdings Group Co., Ltd. for 47.1023 million yuan to a related party[11] Other Financial Metrics - Financial expenses increased by 173% year-on-year, mainly due to a decrease in interest income and an increase in interest expenses[9] - Investment income decreased by 90.77% year-on-year, primarily due to a reduction in investment income from the disposal of financial assets[9] - The company reported a tax return of CNY 23,535,049.39 from operating activities, slightly down from CNY 24,954,475.65 in the previous year[21] - The company received CNY 1,050,000.00 from new investments in Q1 2024, compared to CNY 2,000,000.00 in the same period last year[22]