帕瓦股份(688184) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥393,598,192.62, representing a year-on-year increase of 60.04%[5] - The net profit attributable to shareholders was -¥41,542,437.74, a decrease of 745.56% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥41,545,413.42, reflecting a significant decline of 18,779.96%[5] - The weighted average return on net assets was -1.41%, a decrease of 1.62 percentage points[5] - The basic and diluted earnings per share were both -¥0.26, reflecting a decline of 620.00%[5] - Net loss for Q1 2024 was ¥41,542,437.74, compared to a net profit of ¥6,435,051.29 in Q1 2023, indicating a substantial decline in profitability[20] - Basic and diluted earnings per share for Q1 2024 were both -¥0.26, down from ¥0.05 in Q1 2023[21] Cash Flow and Liquidity - The net cash flow from operating activities was -¥112,486,228.40, indicating a non-applicable change[5] - Cash flow from operating activities in Q1 2024 was ¥438,056,447.91, compared to ¥168,099,451.16 in Q1 2023, showing a strong increase in cash inflow[22] - Net cash flow from operating activities was -112,486,228.40, compared to -72,915,136.40 in the previous year, indicating a decline of approximately 54%[23] - Total cash inflow from operating activities was 454,286,306.04, while cash outflow was 566,772,534.44, resulting in a net cash outflow of 112,486,228.40[23] - Cash flow from investing activities was -307,271,213.37, a significant increase from -82,062,979.56 year-over-year, reflecting increased investment expenditures[24] - Cash flow from financing activities resulted in a net outflow of -1,011,550.01, indicating minimal financing activity during the quarter[24] - The ending balance of cash and cash equivalents was 171,679,059.00, down from 591,436,500.77 at the beginning of the period, representing a decrease of approximately 71%[24] - The net increase in cash and cash equivalents was -419,757,441.77, highlighting liquidity challenges faced during the quarter[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,121,015,721.21, a slight increase of 1.19% from the end of the previous year[6] - Total assets as of Q1 2024 amounted to ¥4,121,015,721.21, up from ¥4,072,900,339.95 at the end of Q1 2023[18] - Total liabilities increased to ¥1,201,279,592.59 in Q1 2024 from ¥1,091,501,099.46 in Q1 2023, representing a growth of 10.1%[18] - Non-current assets totaled ¥2,311,960,355.99 in Q1 2024, compared to ¥2,065,002,915.11 in Q1 2023, reflecting an increase of 11.9%[18] - Non-current assets increased from ¥1,988,106,000.00 to ¥2,000,000,000.00, reflecting a growth of approximately 0.6%[16] Research and Development - The total R&D investment amounted to ¥18,081,155.58, which is an increase of 36.76% compared to the previous year[6] - R&D expenses accounted for 4.59% of operating revenue, a decrease of 0.79 percentage points[6] - Research and development expenses for Q1 2024 were ¥18,081,155.58, up from ¥13,221,376.21 in Q1 2023, indicating a focus on innovation[20] Shareholder Information - Total number of common shareholders at the end of the reporting period is 13,181[11] - The largest shareholder, Zhuji Zhaoyuan Investment Co., Ltd., holds 24,000,000 shares, accounting for 14.88% of total shares[11] - The company has a total of 8,046,917 unrestricted shares held by Zhejiang Zheshang Industrial Investment Fund, accounting for 4.99%[12] - The company reported no significant changes in the shareholding structure of the top 10 shareholders compared to the previous period[12] Operational Insights - The increase in operating revenue was primarily driven by the enhanced competitiveness of the company's high-voltage ternary precursor materials, leading to a significant increase in shipment volume[9] - Total operating costs for Q1 2024 were ¥434,711,718.79, up from ¥240,566,072.26 in Q1 2023, reflecting a 80.6% increase[19] - The company has not disclosed any new strategies or significant operational changes during the reporting period[13] - The company reported a decrease in retained earnings to ¥149,376,074.54 in Q1 2024 from ¥190,918,512.28 in Q1 2023, highlighting the impact of the net loss[18] Inventory and Receivables - Cash and cash equivalents decreased from ¥699,276,636.87 to ¥268,110,198.01, a decline of approximately 61.6%[16] - Accounts receivable increased significantly from ¥135,074,639.50 to ¥347,677,628.55, representing an increase of about 157.5%[16] - Inventory rose from ¥777,758,669.51 to ¥859,120,737.43, an increase of approximately 10.5%[16] - Total current assets decreased from ¥2,007,897,424.84 to ¥1,809,055,365.22, a decline of about 9.9%[16]