四方新材(605122) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 324,331,939.64, representing a decrease of 22.69% compared to the same period last year[5]. - Net profit attributable to shareholders was CNY 15,400,374.91, an increase of 18.06% year-on-year[5]. - The net profit excluding non-recurring gains and losses was CNY 13,610,715.54, reflecting a year-on-year increase of 5.58%[5]. - The net profit for Q1 2024 was CNY 13,921,763.93, an increase of 10.2% compared to CNY 12,631,185.18 in Q1 2023[21]. - Operating profit for Q1 2024 reached CNY 17,230,867.20, up from CNY 13,328,575.39 in the same period last year, reflecting a growth of 29.3%[21]. - Total revenue from sales and services received in Q1 2024 was CNY 397,697,884.16, a decrease of 8.5% from CNY 432,708,013.40 in Q1 2023[25]. - The basic and diluted earnings per share were both CNY 0.09, marking an 18.06% increase compared to the previous year[5]. - Basic and diluted earnings per share for Q1 2024 were both CNY 0.09, compared to CNY 0.08 in Q1 2023, indicating a growth of 12.5%[22]. - The total comprehensive income for Q1 2024 was CNY 13,921,763.93, an increase from CNY 12,631,185.18 in Q1 2023[22]. - Net profit for the first quarter of 2024 was ¥24,378,148.90, an increase of 41.0% compared to ¥17,285,647.79 in the first quarter of 2023[34]. - Operating revenue for Q1 2024 was ¥198,275,164.80, down 2.5% from ¥202,769,857.64 in Q1 2023[33]. - Operating profit for the first quarter of 2024 increased to ¥28,862,886.31, compared to ¥18,726,236.08 in the same period last year, marking a growth of 54.5%[34]. - Total comprehensive income for Q1 2024 reached ¥24,378,148.90, up from ¥17,285,647.79 in Q1 2023, representing an increase of approximately 41.5%[35]. Cash Flow and Liquidity - The net cash flow from operating activities decreased significantly by 80.53%, primarily due to increased cash payments for goods and services[8]. - The net cash flow from operating activities for Q1 2024 was CNY 25,958,680.90, down 80.5% from CNY 133,337,503.43 in Q1 2023[26]. - The total cash and cash equivalents at the end of Q1 2024 were CNY 415,177,805.47, down from CNY 590,227,348.58 at the end of Q1 2023, a decrease of 29.6%[27]. - Cash inflow from operating activities totaled ¥258,434,082.19, compared to ¥243,914,472.60 in the same period last year, indicating a growth of about 5.5%[35]. - Cash outflow from operating activities increased to ¥192,140,765.70 in Q1 2024, up from ¥149,143,816.00 in Q1 2023, marking a rise of approximately 28.8%[35]. - The ending balance of cash and cash equivalents was ¥401,773,288.20, down from ¥543,912,272.50 at the end of Q1 2023, a decline of approximately 26%[36]. - The company incurred financial expenses of CNY 11,581,837.53 in Q1 2024, which is an increase of 29.8% compared to CNY 8,959,085.45 in Q1 2023[21]. - The company reported a net cash outflow from investing activities of CNY 9,460,060.35 in Q1 2024, compared to a net outflow of CNY 32,308,952.64 in Q1 2023[26]. - Cash flow from investing activities showed a net outflow of ¥14,423,790.92, worsening from a net outflow of ¥11,338,405.06 in Q1 2023[36]. - Cash inflow from financing activities was ¥74,615,450.00, an increase from ¥64,700,000.00 in Q1 2023, reflecting a growth of about 15%[36]. - Net cash flow from financing activities decreased to ¥2,908,437.32 in Q1 2024, down from ¥16,394,191.25 in Q1 2023[36]. - The company received ¥69,000,000.00 in borrowings during Q1 2024, compared to ¥64,700,000.00 in Q1 2023, indicating a growth of about 5%[36]. - The company paid ¥65,200,000.00 in debt repayments in Q1 2024, significantly higher than ¥42,000,000.00 in Q1 2023, representing an increase of approximately 55%[36]. Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 4,360,514,073.25, down 3.18% from the end of the previous year[6]. - The total assets of the company as of March 31, 2024, were 4.36 billion yuan, a decrease from 4.50 billion yuan at the end of 2023[17]. - The total liabilities of the company as of March 31, 2024, were 2.13 billion yuan, down from 2.28 billion yuan at the end of 2023[18]. - Total liabilities decreased to ¥1,319,144,952.52 as of March 31, 2024, from ¥1,359,604,230.76 at the end of 2023, a reduction of approximately 2.96%[32]. - The company's total equity as of March 31, 2024, was 2.23 billion yuan, slightly up from 2.22 billion yuan at the end of 2023[18]. - The company's total owner's equity increased to ¥2,253,615,113.75 as of March 31, 2024, compared to ¥2,232,257,206.41 at the end of 2023, an increase of approximately 0.95%[32]. - Total current assets as of March 31, 2024, amounted to ¥2,653,813,956.37, slightly down from ¥2,664,935,828.56 as of December 31, 2023, representing a decrease of approximately 0.42%[31]. - The company's cash and cash equivalents amounted to approximately 442.34 million yuan as of March 31, 2024, compared to 427.28 million yuan at the end of 2023[15]. - The company’s total assets as of March 31, 2024, were ¥3,572,760,066.27, a slight decrease from ¥3,591,861,437.17 at the end of 2023, representing a decline of 0.53%[32]. - The company’s long-term equity investments remained stable at ¥357,421,692.86 as of March 31, 2024, unchanged from the previous period[31]. Production and Market Conditions - In the first quarter of 2024, the company produced 918,700 cubic meters of ready-mixed concrete, a year-on-year decrease of 20.57% due to reduced demand from construction projects and strict management of receivables[12]. - The company's revenue for the first quarter of 2024 was 324.33 million yuan, down 22.69% year-on-year, primarily due to the decline in production[12]. - The average price of ready-mixed concrete (C30 specification) in Chongqing was 331.67 yuan per cubic meter in the first quarter of 2024, a decrease of 18.33 yuan per cubic meter compared to the same period last year[13]. - The company achieved a production volume of 5700 cubic meters for prefabricated concrete components, representing a year-on-year increase of 159.09%[14]. - The company reported a non-recurring gain of CNY 1,789,659.37 for the period[7].