Financial Performance - Operating revenue for the first quarter of 2024 was CNY 93,293,519.11, representing a significant decrease of 48.75% year-on-year[10] - Net profit attributable to shareholders for the first quarter of 2024 was a loss of CNY 7,539,961.82, a decline of 130.25% compared to the same period last year[10] - Total operating revenue for Q1 2024 was CNY 93,293,519.11, a decrease from CNY 182,025,761.60 in Q1 2023[33] - Net profit for Q1 2024 was a loss of CNY 6,974,516.92, down from a profit of CNY 27,841,137.80 in Q1 2023[34] - Operating profit for Q1 2024 showed a loss of approximately ¥6.27 million, compared to a profit of ¥28.23 million in Q1 2023[36] - Net profit for Q1 2024 was a loss of approximately ¥6.01 million, down from a profit of ¥25.85 million in Q1 2023[36] Cash Flow - The company's cash flow from operating activities showed a net outflow of CNY 46,946,108.98, which is an improvement of 52.13% compared to the previous year[13] - Cash flow from operating activities in Q1 2024 was a net outflow of approximately ¥46.95 million, compared to an outflow of ¥98.07 million in Q1 2023[38] - Cash flow from investing activities in Q1 2024 resulted in a net outflow of approximately ¥28.44 million, compared to a net outflow of ¥20.67 million in Q1 2023[40] - Cash flow from financing activities in Q1 2024 was a net inflow of approximately ¥40.15 million, down from an inflow of ¥111.56 million in Q1 2023[40] - Net cash flow from operating activities was -$46.89 million, compared to -$57.99 million in the previous period, indicating an improvement of approximately 19%[42] - Total cash outflow from operating activities amounted to $77.55 million, down from $155.44 million, reflecting a significant reduction of about 50%[42] Assets and Liabilities - Total assets as of March 31, 2024, amounted to CNY 1,916,732,480.39, a slight increase of 0.04% compared to the end of the previous year[10] - Total liabilities rose to ¥948,254,544.38 from ¥940,485,103.94, indicating a marginal increase in financial obligations[29] - The company's equity attributable to shareholders decreased to ¥940,726,440.05 from ¥948,266,401.87, a decline of approximately 0.6%[29] - Current assets totaled ¥1,028,134,376.20, down from ¥1,052,582,818.51 at the end of 2023, primarily due to a decrease in cash and cash equivalents[27] - Total liabilities rose to CNY 736,127,550.95, compared to CNY 703,907,549.31 in the previous year[32] Shareholder Information - The total number of ordinary shares at the end of the reporting period was 93,093,400, with 69.86% being unrestricted shares[18] - Major shareholders include Li Haihang with 10.49%, Deng Daqin with 9.06%, and Li Jiangbiao with 5.66% of the shares[19] - The total number of shareholders holding more than 5% of shares is 10, with a total of 41.92 million shares held collectively[20] Research and Development - Research and development expenses decreased by 34.26% year-on-year, totaling CNY 4,263,030.59, primarily due to lower initial investments in self-developed projects[12] - Research and development expenses for Q1 2024 were CNY 4,263,030.59, down from CNY 6,484,925.39 in Q1 2023[33] - Research and development expenses for Q1 2024 were approximately ¥3.16 million, a decrease of 30.6% from ¥4.55 million in Q1 2023[36] Compliance and Commitments - The company has maintained compliance with all disclosed commitments during the reporting period[24] - The company has not engaged in any external guarantees or loans during the reporting period[23] - The company has no significant litigation or arbitration matters that meet the disclosure standards during the reporting period[24] Other Financial Metrics - Non-recurring gains and losses for the first quarter amounted to CNY 438,872.63 after tax impacts[14] - Basic earnings per share for Q1 2024 were CNY -0.08[35] - The company reported a credit impairment loss of CNY -492,174.62, an improvement from CNY -1,614,156.54 in the previous year[34]
宁新新材(839719) - 2024 Q1 - 季度财报