宏创控股(002379) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥809,706,030.19, representing an increase of 28.98% compared to ¥627,768,045.27 in the same period last year[4]. - The net loss attributable to shareholders was ¥21,532,356.00, a 39.75% improvement from a loss of ¥35,735,738.56 in the previous year[4]. - Total operating revenue for Q1 2024 reached ¥809,706,030.19, an increase of 29% compared to ¥627,768,045.27 in the same period last year[24]. - The net profit for Q1 2024 was -21,532,356.00 CNY, compared to -35,735,738.56 CNY in Q1 2023, showing an improvement of approximately 39.6% year-over-year[25]. - Operating profit for Q1 2024 was -20,504,860.98 CNY, a decrease from -38,880,311.53 CNY in the same period last year, indicating a reduction in losses[25]. - The total comprehensive income attributable to the parent company was -21,532,356.00 CNY, an improvement from -35,615,591.15 CNY in the previous year[26]. - The company reported a basic and diluted earnings per share of -0.0189 for Q1 2024, compared to -0.0386 in Q1 2023[26]. Cash Flow and Assets - The net cash flow from operating activities decreased by 99.32%, amounting to -¥21,413,535.65, primarily due to an increase in accounts receivable[10]. - Cash flow from operating activities for Q1 2024 was -21,413,535.65 CNY, worsening from -10,743,048.72 CNY in Q1 2023[27]. - Total cash inflow from operating activities was 752,574,487.00 CNY, up from 560,225,950.14 CNY in the previous year, reflecting a growth of approximately 34.3%[26]. - Cash flow from investing activities generated a net inflow of 3,330,152.79 CNY, compared to a net outflow of -280,000.00 CNY in Q1 2023[27]. - Cash flow from financing activities resulted in a net inflow of 85,071,494.26 CNY, a significant improvement from a net outflow of -2,573,691.93 CNY in the same quarter last year[27]. - The net increase in cash and cash equivalents was ¥69,720,126.66, attributed to the acquisition of short-term loans[10]. - Cash and cash equivalents rose to ¥391,226,319.43 from ¥269,645,122.83, a significant increase of 45.2%[20]. - The cash and cash equivalents at the end of Q1 2024 stood at 310,210,301.76 CNY, slightly up from 308,503,620.65 CNY at the end of Q1 2023[27]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,162,712,204.67, reflecting a 6.06% increase from ¥2,982,041,923.56 at the end of the previous year[4]. - The total assets of the company as of the end of Q1 2024 were ¥3,162,712,204.67, compared to ¥2,982,041,923.56 at the beginning of the period, indicating a growth of 6.1%[23]. - Current assets totaled ¥1,901,526,119.24, an increase of 12.3% from ¥1,692,495,013.22[20]. - The company's total liabilities increased to ¥1,155,363,522.26 from ¥953,160,885.15, marking a rise of 21.2%[22]. - The company's equity attributable to shareholders decreased to ¥2,007,348,682.41 from ¥2,028,881,038.41, a decline of 1%[23]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 27,106[13]. - The largest shareholder, Shandong Hongqiao New Materials Co., Ltd., holds 22.98% of shares, totaling 261,096,605 shares[13]. - The top ten shareholders hold a significant portion of shares, with the top five alone accounting for over 50% of total shares[13]. - The company has not reported any changes in the lending or borrowing of shares among the top shareholders[14]. Financing and Investments - Short-term borrowings increased to ¥140,000,000.00, a 100% rise from zero at the beginning of the year, indicating new financing activities[8]. - The company approved a non-public offering of up to 27.792 million new shares, as per the approval from the China Securities Regulatory Commission on January 11, 2023[16]. - The total number of shares increased from 926,400,000 to 1,136,373,753 after the issuance of 209,973,753 new shares on August 4, 2023[17]. - The company has authorized the board to handle matters related to the non-public offering of shares, reflecting strategic financial planning[15]. Operational Challenges - The company experienced a 56.22% increase in accounts receivable, totaling ¥152,030,286.24, driven by higher sales volume[7]. - The company recognized a credit impairment loss of -¥4,371,539.93, reflecting an increase in accounts receivable balance[9]. - The company has not commenced the project for producing 100,000 tons of high-precision aluminum deep processing using recycled aluminum, due to a slowdown in the aluminum processing industry[18]. - The company is facing challenges with slow recovery in new orders for the aluminum processing industry, impacting project investment speed[18]. - As of March 31, 2024, the fundraising projects have not yet started construction due to sluggish downstream demand[18]. Costs and Expenses - Total operating costs amounted to ¥826,755,837.73, up from ¥658,040,352.95, reflecting a 25.6% increase year-over-year[24]. - Research and development expenses increased to ¥11,867,211.80 from ¥9,842,907.23, representing a 20.5% rise[24].