宏达新材(002211) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥46,165,719.58, a decrease of 15.76% compared to ¥54,804,191.33 in the same period last year[5] - The net loss attributable to shareholders was ¥1,706,539.58, representing a 50.67% improvement from a loss of ¥3,459,766.79 in Q1 2023[5] - Total operating revenue for Q1 2024 was CNY 46,165,719.58, a decrease of 15.7% compared to CNY 54,804,191.33 in the previous period[27] - The company reported a net loss of CNY 1,427,163,880.49 in Q1 2024, compared to a loss of CNY 1,425,457,340.91 in the previous period[26] - The company reported a total comprehensive loss of -1,706,539.58 CNY for Q1 2024, compared to -3,459,766.79 CNY in Q1 2023, reflecting a 50.7% improvement[28] - Basic and diluted earnings per share for Q1 2024 were both -0.0039 CNY, an improvement from -0.0080 CNY in Q1 2023[28] Cash Flow and Assets - The net cash flow from operating activities was -¥3,424,596.70, a decline of 242.51% compared to a positive cash flow of ¥2,403,036.62 in the previous year[12] - Cash and cash equivalents at the end of Q1 2024 were CNY 155,083,090.85, a slight decrease from CNY 157,838,296.72 at the beginning of the period[24] - Cash and cash equivalents at the end of Q1 2024 stood at 47,954,089.39 CNY, a decrease from 76,817,490.57 CNY at the end of Q1 2023[30] - The total assets at the end of Q1 2024 were ¥307,978,527.32, a slight decrease of 0.51% from ¥309,559,441.38 at the end of the previous year[5] - Total liabilities increased slightly to CNY 246,420,814.56 from CNY 246,295,189.04, marking a 0.1% rise[26] Inventory and Costs - The company's inventory increased by 83.16% to ¥27,822,776.96, up from ¥15,190,061.87, indicating a buildup in stock[10] - Total operating costs for Q1 2024 were CNY 47,637,666.43, down 18.8% from CNY 58,661,705.32 in the prior period[27] - The gross profit margin improved as the operating costs decreased by 18.98% to ¥41,284,877.29 from ¥50,957,718.42[12] - Gross profit margin for Q1 2024 was approximately -3.2%, compared to a positive margin in the previous period[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 52,204[16] - Jiangsu Weilen Investment Management Co., Ltd. holds 29.07% of shares, totaling 125,735,743 shares, with 28,325,124 shares frozen[16] - Hangzhou Keli Enterprise Management Partnership holds 7.96% of shares, totaling 34,440,000 shares, all of which are frozen[16] Legal Matters - The company has received 31 lawsuits with a total amount involved of RMB 3,253,812.53, and has recognized a provision for this liability[17] - The company is involved in ongoing litigation related to its subsidiaries, which have ceased operations in the "special network communication" business[18] - The company has been ordered to assist in the execution of a debt of RMB 42,217,580.18 related to a contract dispute[20] - The company is currently facing a lawsuit regarding a claim for RMB 8.48 million in intermediary service fees[21] - The company has frozen assets amounting to RMB 367,959.99 as part of the ongoing legal proceedings[21] - The company has reported that there are pending investor lawsuits that have not yet completed the filing process, making future estimates uncertain[17] - The company has established a liquidation group for its wholly-owned subsidiaries that are undergoing dissolution[18] Investment and Income - The company reported a significant increase in investment income of ¥7,380.00, compared to no income in the same period last year[13] - The company recorded a significant increase in other income, with a rise of 297.22% to ¥174,672.92, compared to ¥43,974.02 in Q1 2023[13] Research and Development - Research and development expenses for Q1 2024 were CNY 1,565,198.02, down 29.1% from CNY 2,205,170.68 in the prior period[27] Operational Performance - Operating profit for Q1 2024 was -1,153,007.76 CNY, compared to -3,476,222.24 CNY in the same period last year, indicating a significant decrease in operating losses[28] - Total revenue from sales in Q1 2024 was 51,092,182.26 CNY, down 18% from 62,376,219.48 CNY in Q1 2023[29] - The company did not report any significant new product developments or market expansions during this quarter[31]