中晶科技(003026) - 2024 Q1 - 季度财报

Major Financial Data Core Financial Indicators In Q1 2024, the company significantly improved its performance, turning losses into profits with operating revenue growing 37.64% to 106.51 million Yuan and net profit attributable to shareholders reaching 1.23 million Yuan, a 117.29% increase from a 7.10 million Yuan loss in the prior year, while net cash flow from operating activities also turned positive, surging 377.64% Core Financial Indicators | Indicator | Current Reporting Period | Prior Year Same Period | Year-on-year Change | | :--- | :--- | :--- | :--- | | Operating Revenue (Yuan) | 106,512,445.31 | 77,387,173.16 | 37.64% | | Net Profit Attributable to Shareholders (Yuan) | 1,227,425.51 | -7,098,343.79 | 117.29% | | Net Profit After Non-recurring Items (Yuan) | 598,421.25 | -7,471,840.22 | 108.01% | | Net Cash Flow from Operating Activities (Yuan) | 12,129,304.26 | -4,368,646.39 | 377.64% | | Basic Earnings Per Share (Yuan/share) | 0.01 | -0.07 | 114.29% | | Weighted Average ROE | 0.18% | -0.96% | 1.14% | | Total Assets (Yuan) | 1,392,368,053.03 | 1,384,123,368.58 | 0.60% (vs. end of prior year) | | Owners' Equity Attributable to Shareholders (Yuan) | 685,647,126.61 | 688,681,252.38 | -0.44% (vs. end of prior year) | Non-recurring Gains and Losses Items In the current period, the company's total non-recurring gains and losses amounted to 0.63 million Yuan, primarily from government grants received totaling 0.79 million Yuan Non-recurring Gains and Losses Items | Item | Amount for Current Period (Yuan) | | :--- | :--- | | Gains and Losses from Disposal of Non-current Assets | -694.71 | | Government Grants Recognized in Current Profit or Loss | 792,221.56 | | Other Non-operating Income and Expenses | -120.79 | | Less: Income Tax Impact | 160,551.42 | | Less: Impact on Minority Interests (After Tax) | 1,850.38 | | Total | 629,004.26 | Analysis of Changes in Major Financial Data Several financial indicators showed significant changes during the reporting period, with revenue growing 37.64% due to increased customer demand, prepayments surging 296.05% from material purchases, and construction in progress decreasing 39.31% due to asset capitalization, while cash outflow for debt repayment soared 1001.00% and other financing cash outflows increased 1897.77% due to share repurchases - Operating revenue increased 37.64% year-on-year, primarily due to increased customer demand[8] - Asset impairment losses increased 39.22% year-on-year, primarily due to increased asset impairment for fund-raising projects[8] - Cash paid for debt repayment increased 1001.00% year-on-year, primarily due to repayment of matured bank loans in the current period[8] - Other cash payments related to financing activities increased 1897.77% year-on-year, primarily due to share repurchases in the current period[8] Balance Sheet Item Changes | Balance Sheet Items | Change Percentage | Primary Reason | | :--- | :--- | :--- | | Notes Receivable | 103.48% | Primarily due to reclassification of notes receivable | | Prepayments | 296.05% | Primarily due to increased prepayments for material purchases | | Construction in Progress | -39.31% | Primarily due to transfer of construction in progress to fixed assets | Shareholder Information Shareholding Status As of the end of the reporting period, the company had 25,017 common shareholders, with top shareholders Xu Yijun and Xu Wei, brothers and acting in concert, holding over 37% combined, while LONGi Green Energy Technology Co Ltd was the third largest at 8.94%, and the top two shareholders had a high proportion of pledged shares - As of the end of the reporting period, the company had 25,017 common shareholders[10] - Shareholders Xu Yijun and Xu Wei are brothers and acting in concert[12] Top Ten Shareholders' Shareholding | Shareholder Name | Shareholding Percentage | Number of Shares Held | Number of Pledged Shares | | :--- | :--- | :--- | :--- | | Xu Yijun | 25.34% | 25,505,100 | 6,000,000 | | Xu Wei | 11.88% | 11,960,000 | 8,300,000 | | LONGi Green Energy Technology Co Ltd | 8.94% | 9,000,000 | 0 | Other Significant Matters Explanation of Matters The company has no other significant matters requiring disclosure in this reporting period - The company has no other significant matters in this reporting period[13] Quarterly Financial Statements Consolidated Balance Sheet As of March 31, 2024, the company's total assets were 1.39 billion Yuan, a slight increase of 0.60% from the beginning of the year, with total liabilities at 566 million Yuan, and total owners' equity at 827 million Yuan, of which 686 million Yuan was attributable to the parent company, a slight decrease from the beginning of the year Consolidated Balance Sheet | Item | Period-end Balance (Yuan) | Period-beginning Balance (Yuan) | | :--- | :--- | :--- | | Total Assets | 1,392,368,053.03 | 1,384,123,368.58 | | Total Liabilities | 565,757,467.48 | 558,641,177.24 | | Total Owners' Equity Attributable to Parent Company | 685,647,126.61 | 688,681,252.38 | | Total Owners' Equity | 826,610,585.55 | 825,482,191.34 | Consolidated Income Statement In Q1 2024, the company achieved total operating revenue of 106.51 million Yuan, a 37.64% year-on-year increase, with operating profit at 3.82 million Yuan compared to a 5.61 million Yuan loss in the prior year, ultimately turning a profit with net profit attributable to parent company owners at 1.23 million Yuan, compared to a 7.10 million Yuan loss in the prior year Consolidated Income Statement | Item | Amount for Current Period (Yuan) | Amount for Prior Period (Yuan) | | :--- | :--- | :--- | | I. Total Operating Revenue | 106,512,445.31 | 77,387,173.16 | | II. Total Operating Costs | 90,901,858.92 | 74,418,446.46 | | III. Operating Profit | 3,822,098.33 | -5,606,343.75 | | IV. Total Profit | 3,781,481.86 | -5,639,261.46 | | V. Net Profit | 5,389,945.49 | -3,759,784.88 | | Net Profit Attributable to Owners of Parent Company | 1,227,425.51 | -7,098,343.79 | Consolidated Cash Flow Statement This quarter, net cash flow from operating activities was 12.13 million Yuan, a significant improvement from a 4.37 million Yuan net outflow in the prior year, while net cash outflow from investing activities was 11.33 million Yuan primarily for asset acquisition, and net cash outflow from financing activities was 18.16 million Yuan mainly for debt repayment and share repurchases, with cash and cash equivalents balance at 285 million Yuan at period-end Consolidated Cash Flow Statement | Item | Amount for Current Period (Yuan) | Amount for Prior Period (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 12,129,304.26 | -4,368,646.39 | | Net Cash Flow from Investing Activities | -11,330,537.48 | -47,082,151.63 | | Net Cash Flow from Financing Activities | -18,160,377.06 | 42,419,288.01 | | Net Increase in Cash and Cash Equivalents | -17,285,198.02 | -9,826,427.90 | Audit Report The company's 2024 first quarter report is unaudited - The company's first quarter report is unaudited[26]