青松股份(300132) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥380,141,658.07, a decrease of 4.26% compared to ¥397,071,868.20 in the same period last year[2] - The net profit attributable to shareholders was -¥5,999,668.12, showing an improvement of 87.48% from -¥47,920,164.17 year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥7,412,495.70, an improvement of 85.09% compared to -¥49,719,118.24 in the previous year[2] - The company's net loss for Q1 2024 was CNY 500,503,392.61, compared to a loss of CNY 494,503,724.49 in the previous period[24] - The net profit for Q1 2024 was -6,509,642.34 CNY, compared to -47,765,385.92 CNY in the same period last year, indicating a significant reduction in losses[25] - The total comprehensive income for Q1 2024 was -6,506,632.17 CNY, compared to -48,602,216.97 CNY in Q1 2023, indicating a substantial reduction in overall losses[25] - The basic and diluted earnings per share for Q1 2024 were both -0.0116 CNY, compared to -0.0928 CNY in the same quarter last year, showing an improvement in per-share losses[25] Cash Flow and Financing - The net cash flow from operating activities increased by 4.26% to ¥30,814,578.58 from ¥29,554,424.41 in the same period last year[2] - The net cash flow from financing activities was ¥117,786,759.05, a 167.75% increase compared to -¥173,846,438.86 in the previous year, attributed to new bank loans[11] - The net cash flow from financing activities was 117,786,759.05 CNY, a recovery from a net outflow of -173,846,438.86 CNY in Q1 2023, highlighting improved financing conditions[29] - The company reported a net cash outflow from investing activities of -61,265,768.97 CNY, compared to a net inflow of 221,754,738.85 CNY in the same period last year, indicating a significant shift in investment strategy[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,390,736,639.05, reflecting a 0.83% increase from ¥2,371,146,800.46 at the end of the previous year[2] - Total liabilities increased to CNY 1,123,880,116.30 from CNY 1,057,648,512.92, an increase of about 6.2%[23] - The total assets increased to CNY 2,390,736,639.05 from CNY 2,371,146,800.46, reflecting a growth of approximately 0.8%[24] Inventory and Expenses - The company’s inventory increased significantly, with construction in progress rising by 157.81% to ¥5,088,273.10, indicating ongoing investment in machinery and equipment[6] - Total operating costs for Q1 2024 were CNY 391,311,648.36, down 15% from CNY 460,365,487.03 in the previous period[24] - The company’s operating expenses decreased, with cash paid for goods and services amounting to 348,564,046.14 CNY, down from 396,586,395.28 CNY in Q1 2023, reflecting a cost-cutting effort[28] - Research and development expenses for Q1 2024 were CNY 12,456,270.19, down 25.5% from CNY 16,606,592.64 in the previous period[24] Shareholder Information - The top shareholder, North Bell (Hong Kong) Non-Woven Fabric Products Co., Ltd., holds 9.17% of the shares, totaling 47,392,045 shares[14] - The company’s major shareholder, Jian Guangjia Enterprise Management Consulting Co., Ltd., holds 6.42% of the shares, totaling 33,162,557 shares[14] - The company has not reported any changes in the number of preferred shareholders or the top 10 preferred shareholders[15] - The company’s management has confirmed that there are no known relationships among the top shareholders[14] Project and Investment Updates - The company has terminated the construction of a large industrial park project covering 148 acres, with a cumulative investment of approximately RMB 13.35 million[18] - The company’s management has authorized negotiations with government departments to return the land use rights for the terminated project[18] - The company has not made any new investments in the terminated project during the reporting period[18] - The company plans to use its own funds to repurchase shares with a total amount between RMB 50 million and RMB 100 million, at a price not exceeding RMB 6 per share[19] - The company reported a total of 10,607,700 shares repurchased, representing 2.05% of the total share capital, with a total transaction amount of RMB 40,126,967[19] Financial Ratios - The weighted average return on equity improved to -0.46% from -3.54% year-on-year, indicating a positive trend[2] - Accounts receivable decreased to CNY 343,532,509.43 from CNY 423,557,410.26, reflecting a reduction of approximately 18.9%[22] - Inventory decreased slightly to CNY 258,300,647.42 from CNY 265,238,867.11, a decline of about 2.6%[22] - Short-term borrowings decreased to CNY 33,020,305.56 from CNY 35,004,305.56, a reduction of approximately 5.7%[23] - Long-term borrowings increased to CNY 394,797,284.90 from CNY 307,738,076.56, an increase of about 28.3%[23] - The company’s cash and cash equivalents at the end of the reporting period amounted to RMB 774,296,809.71, an increase from RMB 685,580,614.82 at the beginning of the period[21]