新乡化纤(000949) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was CNY 1,967,073,843.53, representing a 6.91% increase compared to CNY 1,839,880,227.54 in the same period last year[5] - Net profit attributable to shareholders increased by 257.00% to CNY 62,231,399.62 from CNY 17,431,583.24 year-on-year[5] - The net profit after deducting non-recurring gains and losses surged by 365.61% to CNY 59,993,997.55 compared to CNY 12,885,064.69 in the previous year[5] - The company's basic and diluted earnings per share rose by 258.20% to CNY 0.0437 from CNY 0.0122 in the same quarter last year[5] - Operating profit for Q1 2024 was ¥73,026,748.28, significantly up from ¥24,925,460.42 in the same period last year, marking a growth of 192.5%[20] - Net profit attributable to the parent company was ¥62,231,399.62, compared to ¥17,431,583.24 in Q1 2023, reflecting a year-over-year increase of 256.5%[20] - The company reported a total operating cost of ¥1,892,619,182.03, which is an increase from ¥1,808,617,149.49 in Q1 2023, reflecting a rise of 4.6%[19] Assets and Liabilities - Total assets increased by 2.27% to CNY 12,265,445,581.94 from CNY 11,993,241,383.85 at the end of the previous year[5] - Total assets increased to ¥12,265,445,581.94 in Q1 2024 from ¥11,993,241,383.85 in Q1 2023, representing a growth of 2.3%[18] - Total liabilities rose to ¥6,726,571,799.96, up from ¥6,546,154,335.22, indicating an increase of 2.7% year-over-year[18] - The company's total equity increased to ¥5,538,873,781.98, compared to ¥5,447,087,048.63 in the previous year, showing a growth of 1.7%[18] Cash Flow - The net cash flow from operating activities was negative at CNY -47,808,409.07, a decline of 479.71% compared to CNY 12,590,698.53 in the same period last year[5] - Operating cash flow for Q1 2024 was negative at -47,808,409.07 CNY, compared to a positive 12,590,698.53 CNY in Q1 2023, indicating a decline in operational efficiency[21] - Total cash inflow from operating activities was 1,242,280,864.26 CNY, slightly up from 1,223,670,218.14 CNY in the previous year[21] - Cash outflow from operating activities increased to 1,290,089,273.33 CNY from 1,211,079,519.61 CNY year-over-year[21] - Investment activities resulted in a net cash outflow of -153,596,098.98 CNY, worsening from -87,942,308.60 CNY in Q1 2023[21] - Cash inflow from financing activities was 782,351,656.13 CNY, down from 883,000,000.00 CNY in the same period last year[22] - Net cash flow from financing activities decreased to 323,625,185.95 CNY from 367,968,988.85 CNY year-over-year[22] - The company reported a net increase in cash and cash equivalents of 126,878,253.19 CNY, compared to 284,796,646.35 CNY in Q1 2023[22] - The ending balance of cash and cash equivalents was 1,236,806,098.06 CNY, down from 1,457,867,260.06 CNY at the end of Q1 2023[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 61,544[12] - The largest shareholder, Xinxiang Bailu Investment Group, holds 30.17% of shares, totaling 442,507,079 shares[12] - The company has established a repurchase special securities account holding 43,430,000 shares, accounting for 2.96% of the total share capital[13] - The total number of preferred shareholders is not applicable, indicating no preferred shares issued[14] Research and Development - Research and development expenses increased by 56.10% to CNY 3,088.58 million from CNY 1,978.60 million year-on-year[9] - Research and development expenses for Q1 2024 were ¥30,885,772.92, up from ¥19,786,009.50 in Q1 2023, reflecting a 56.0% increase[19] Government Support - The company received government subsidies amounting to CNY 1,800,000.00, which positively impacted the financial results[6] Future Outlook - The company plans to continue expanding its market presence and investing in new product development to sustain growth[5] Audit and Reporting - The company has not undergone an audit for the Q1 2024 report[23] - The first quarter report was released on April 29, 2024, and is subject to new accounting standards effective from 2024[23]