博汇股份(300839) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 reached ¥792,537,694.71, representing a 90.69% increase compared to ¥415,606,727.24 in the same period last year[7] - The net profit attributable to shareholders was -¥99,426,772.90, a significant decline of 284.55% from ¥53,874,639.87 in the previous year[7] - The company's operating revenue for Q1 2024 reached ¥792,537,694.71, representing a 90.69% increase compared to ¥415,606,727.24 in Q1 2023, driven by improved capacity utilization in the environmental aromatic production facilities[14] - The company reported a net loss of ¥99,431,145.88 for Q1 2024, compared to a net profit of ¥53,874,639.87 in Q1 2023, indicating a substantial decline in profitability[30] - Basic and diluted earnings per share were both -¥0.41, down from ¥0.22 in the previous year[31] Cash Flow - The net cash flow from operating activities was -¥390,874,876.04, a significant decrease of 19,497.33% compared to ¥2,015,095.91 in Q1 2023[7] - Cash inflow from operating activities was ¥1,095,544,906.45, an increase from ¥644,752,916.28 in Q1 2023[33] - Cash outflow for purchasing goods and services was ¥1,408,320,152.42, compared to ¥537,888,405.80 in the same period last year[33] - The net cash flow from operating activities for Q1 2024 was -390,874,876.04 CNY, a significant decrease compared to 2,015,095.91 CNY in Q1 2023[34] - The cash outflow from operating activities totaled 1,486,419,782.49 CNY, significantly higher than 642,737,820.37 CNY in the same quarter last year[34] Assets and Liabilities - Total assets increased by 24.21% to ¥2,622,321,359.86 from ¥2,111,199,206.57 at the end of the previous year[7] - The company's total liabilities rose to RMB 1,960,281,226.22 from RMB 1,382,345,868.03, indicating an increase of about 42%[27] - The company's current assets increased to RMB 1,612,265,511.76 from RMB 1,083,358,537.68, reflecting a growth of approximately 48.7%[26] - The company's cash and cash equivalents decreased to RMB 398,954,003.34 from RMB 556,907,170.95, a decline of approximately 28.3%[25] - The company's inventory surged by 148.90% to ¥858,065,086.12, primarily due to increased raw material stockpiling for future production[12] Operational Costs - Operating costs increased by 147.12% to ¥785,093,907.98, primarily due to higher production volumes and the impact of consumption tax policies on raw materials[14] - Total operating costs amounted to ¥845,606,644.54, up 134.8% from ¥360,517,823.51 in Q1 2023[28] - The company experienced a significant increase in sales expenses, totaling ¥1,690,128.46, compared to ¥1,178,199.43 in Q1 2023[28] Investments and Projects - The company plans to invest approximately ¥2.28 billion in a new integrated project for new materials and high-end chemicals, with a capacity of 1.6 million tons per year, in collaboration with the Ningbo Economic and Technological Development Zone Management Committee[19] - The company established a joint venture, Ningbo Boying New Materials Co., Ltd., holding a 75% stake, which acquired land use rights for 162,981 square meters in Beilun District for ¥207.8 million[20] Financial Expenses and Losses - Financial expenses increased by 42.64% to ¥11,727,035.46, attributed to interest expenses on loans and notes discounting during the reporting period[14] - The company reported an investment loss of -¥12,204,142.33, a decline of 517.99% compared to a profit of ¥2,919,729.91 in the same period last year, due to increased raw material hedging losses from rising crude oil prices[14] - The fair value changes from hedging activities resulted in a loss of -¥6,673,268.80, a 196.11% increase in losses compared to -¥2,253,643.45 in the previous year[14] Taxation - The company is currently in discussions regarding a tax notice that requires it to pay consumption tax on "heavy aromatic hydrocarbon derivatives," which may impact future financial performance[5] - The company’s tax expenses decreased by 75.98% to ¥1,664,473.19, primarily due to reduced profits influenced by consumption tax policies[14] - The company received a tax notification requiring it to pay consumption tax on "heavy aromatic hydrocarbon derivatives," which may impact its profits for 2023 and Q1 2024[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,017, with the largest shareholder, Ningbo Wenkui Holding Group Co., Ltd., holding 52.26% of the shares[16] - The company initiated a share repurchase plan with a total fund of no less than RMB 20 million and no more than RMB 40 million, with a maximum repurchase price of RMB 10.00 per share[21] - As of March 31, 2024, the company repurchased 279,000 shares, accounting for 0.11% of the total share capital, with an average transaction price of RMB 8.44 per share and a total transaction amount of RMB 2.3556 million[22] Miscellaneous - The company did not conduct an audit for the Q1 2024 report[35] - Other comprehensive income after tax amounted to ¥18,802.35, with no previous year comparison available[30]