方大新材(838163) - 2024 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter of 2024 reached CNY 143,072,790.11, representing a year-on-year growth of 20.86% from CNY 118,378,458.59 in the same period of 2023[12] - Net profit attributable to shareholders increased by 26.91% to CNY 13,618,724.85, up from CNY 10,731,012.38 in the first quarter of 2023[12] - The total comprehensive income for Q1 2024 was ¥15,012,151.15, compared to ¥10,731,012.38 in Q1 2023, reflecting a growth of 39.5%[48] - Net profit for Q1 2024 was ¥15,012,151.15, up 39.5% from ¥10,731,012.38 in Q1 2023[48] - Total revenue for Q1 2024 reached ¥143,072,790.11, an increase from ¥118,378,458.59 in Q1 2023, representing a growth of approximately 20.9%[43] Cash Flow - The net cash flow from operating activities surged by 701.22% to CNY 27,291,349.08, compared to a negative cash flow of CNY 4,539,359.04 in the previous year[12] - Operating cash flow for Q1 2024 was CNY 20,903,993.31, a significant improvement from a negative cash flow of CNY -4,539,359.04 in Q1 2023, indicating a turnaround in operational efficiency[51] - Total cash inflow from operating activities reached CNY 170,010,322.09, up from CNY 121,287,504.87 in the same period last year, reflecting a growth of approximately 40%[51] - Cash inflow from financing activities was CNY 137,470,000.00, compared to CNY 87,027,840.00 in Q1 2023, marking an increase of approximately 58%[52] - The company reported a net cash outflow from financing activities of CNY -1,497,495.75, a significant decrease from CNY 81,112,480.82 in the previous year, indicating improved cash management[52] Assets and Liabilities - Total assets increased by 10.13% to CNY 813,588,382.13 as of March 31, 2024, compared to CNY 738,764,613.46 at the end of 2023[12] - The company's asset-liability ratio (consolidated) increased to 43.34% from 39.57% year-on-year[12] - Total liabilities increased from ¥292,310,496.88 to ¥352,647,367.17, an increase of approximately 20.7%[38] - The company's equity attributable to shareholders rose from ¥446,454,116.58 to ¥460,070,872.96, reflecting an increase of about 3%[38] - The total number of shares held by the top ten shareholders increased by 7,630,274 shares during the reporting period[22] Research and Development - Research and development expenses rose by 119.93% to CNY 4,320,361.44, driven by the extension of previous projects and new R&D initiatives[14] - Research and development expenses for Q1 2024 were ¥4,320,361.44, significantly higher than ¥1,964,452.77 in Q1 2023, indicating an increase of approximately 119.5%[43] - Research and development expenses increased significantly to ¥4,320,361.44, compared to ¥1,964,452.77 in the same period last year, reflecting a growth of 120.3%[47] Shareholder Information - Major shareholders include Yang Zhi with 63.29% ownership, holding 81,651,000 shares, and Huang Chao with 4.31% ownership, holding 5,562,117 shares[22] - The total shares held by the top ten shareholders amount to 107,355,068, representing 83.22% of the total shares[22] - The company has implemented a stock incentive plan, granting 2.56 million restricted shares to 76 eligible participants, excluding major shareholders and their immediate family[26] - The first grant of restricted shares was completed on January 11, 2023, with 2.368 million shares awarded to 64 individuals[27] - A further 640,000 restricted shares are planned to be granted to 15 additional eligible participants, with the grant date set for November 10, 2023[28] Compliance and Governance - The company has committed to avoiding competition with its controlling shareholders, ensuring compliance with governance standards[30] - The company has disclosed all commitments and compliance matters in a timely manner[25] - The company has no litigation, external guarantees, or related party transactions reported during the reporting period[25] - There are no pledged or judicially frozen shares among the major shareholders[23] - The company has successfully completed the registration of the stock incentive plan's reserved grants on December 20, 2023[29]