沈阳化工(000698) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥1,192,913,740.09, representing a 4.02% increase compared to ¥1,146,818,997.64 in the same period last year[5] - The net loss attributable to shareholders decreased to ¥17,077,088.81, an improvement of 83.78% from a loss of ¥105,260,050.65 in the previous year[5] - Basic and diluted earnings per share improved to -¥0.021, up 83.59% from -¥0.1280 in the previous year[5] - Net profit for Q1 2024 was a loss of CNY 16,947,422.54, an improvement from a loss of CNY 105,141,294.87 in Q1 2023[21] - The company reported a basic and diluted earnings per share of -0.021, compared to -0.1280 in the previous year[22] Cash Flow - The net cash flow from operating activities was ¥68,097,283.25, a significant turnaround from a negative cash flow of ¥147,449,729.81 in the same period last year, marking a 146.18% improvement[5] - Cash inflow from operating activities totaled CNY 1,312,813,017.96, up from CNY 1,252,993,608.61 in the prior year[24] - Total cash outflow from operating activities amounted to ¥1,244,715,734.71, down from ¥1,400,443,338.42 in the previous year[25] - Cash flow from investing activities showed a net outflow of ¥51,692,333.92, compared to a net outflow of ¥32,277,016.01 in Q1 2023[25] - The net cash flow from financing activities was negative at -¥139,146,277.66, contrasting with a positive net flow of ¥76,302,320.05 in Q1 2023[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,872,027,007.73, down 3.47% from ¥6,083,200,108.57 at the end of the previous year[5] - Current assets decreased from CNY 2,715,341,343.81 to CNY 2,555,888,994.27, a reduction of about 5.88%[17] - Total liabilities decreased from CNY 3,883,200,000 to CNY 3,800,000,000, reflecting a decrease of approximately 2.14%[17] - The total liabilities decreased to CNY 4,332,574,091.74 from CNY 4,529,817,640.80, indicating a reduction of approximately 4.3%[21] Expenses - The company's R&D expenses decreased by 48% to ¥24,375,600.37 from ¥46,787,209.43 in the same period last year, primarily due to adjustments in accounting standards[7] - The company's management expenses increased by 57% to ¥53,589,802.96, attributed to losses from the wax business during the quarter[7] - The cash paid for purchasing goods and services was CNY 1,083,750,196.19, a decrease from CNY 1,177,963,328.88 in the same period last year[24] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 57,737, with no preferred shareholders[9] - The largest shareholder, Shenyang Chemical Group, holds 26.68% of the shares, while China BlueStar Group holds 19.35%[9] Other Income - The company reported a significant increase in other income, which rose by 578% to ¥15,034,762.86, mainly due to VAT deductions[7] - The company recorded other income of CNY 15,034,762.86, a significant increase from CNY 2,217,445.08 in the previous year[21] Operational Changes - The company has permanently shut down certain production facilities to improve operational efficiency and reduce costs[13] - The company appointed a new executive vice president and a new financial director during the reporting period[14][14] Stock Performance - The stock price experienced a cumulative increase of 22.22% over two consecutive trading days in early January 2024[11] Accounting Standards - The new accounting standards were first implemented in 2024, affecting the financial statements[26] - The company has not yet audited the Q1 2024 report[27]