Financial Performance - The company's operating revenue for Q1 2024 was ¥969,590,616.62, a decrease of 10.03% compared to ¥1,077,706,421.83 in the same period last year[4] - Net profit attributable to shareholders was ¥79,366,263.18, down 33.90% from ¥120,068,892.92 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥58,815,037.14, a decline of 48.54% compared to ¥114,301,308.90 in the previous year[4] - The net profit for Q1 2024 was CNY 78,660,578.41, a decrease of 34.3% compared to CNY 119,744,497.58 in Q1 2023[22] - The total profit for Q1 2024 was CNY 87,563,574.66, down 36.4% from CNY 137,578,755.18 in the same period last year[22] - Operating profit for Q1 2024 was CNY 87,814,896.73, a decline of 36.4% from CNY 137,933,844.89 in Q1 2023[22] - Basic earnings per share for Q1 2024 were CNY 0.1404, down 49.6% from CNY 0.2782 in Q1 2023[23] - The total comprehensive income for Q1 2024 was CNY 78,521,387.95, down 34.4% from CNY 119,784,602.71 in Q1 2023[22] Cash Flow and Assets - The net cash flow from operating activities increased by 133.30% to ¥88,306,336.68, up from ¥37,851,699.06 in the same period last year[4] - Cash flow from operating activities for Q1 2024 was CNY 88,306,336.68, an increase of 133.2% compared to CNY 37,851,699.06 in Q1 2023[25] - Cash flow from investing activities for Q1 2024 was -CNY 59,914,338.51, an improvement from -CNY 423,228,708.12 in Q1 2023[26] - Cash flow from financing activities for Q1 2024 was CNY 106,653,476.35, a decrease of 6.0% compared to CNY 114,368,604.02 in Q1 2023[26] - Cash and cash equivalents increased to CNY 917,770,370.02 from CNY 834,699,200.69, reflecting a growth of 9.83%[18] - The cash and cash equivalents at the end of Q1 2024 were CNY 763,748,102.84, an increase from CNY 754,062,567.36 at the end of Q1 2023[26] - Total assets at the end of the reporting period were ¥6,487,027,669.39, reflecting a 4.71% increase from ¥6,195,302,438.14 at the end of the previous year[4] - Total assets increased to CNY 6,487,027,669.39, compared to CNY 6,195,302,438.14 at the beginning of the period, marking a growth of 4.70%[19] Liabilities and Shareholder Information - Short-term borrowings increased by 32.85% to ¥718,007,039.57, up from ¥540,470,033.33, primarily due to increased financing[8] - Total liabilities rose to CNY 3,524,653,023.63, an increase from CNY 3,309,935,006.11, indicating a growth of 6.48%[19] - The total number of common shareholders at the end of the reporting period is 30,995, with no preferred shareholders having restored voting rights[10] - The top 10 shareholders hold a combined 30.25% of the shares, with the largest shareholder, Zhang Feng, owning 7.49% (41,885,301 shares) and the second-largest, Yang Lianhua, owning 5.51% (30,796,299 shares)[10] Operational Highlights - The company achieved a year-on-year sales volume increase of approximately 17%, despite challenges from low raw material prices and intensified market competition[13] - In the photovoltaic sector, sales volume increased by about 20%, with new products like water-blocking glue being validated and promoted[14] - The company’s new factory in Guangzhou has improved production capacity and efficiency for electronic adhesives, leading to significant customer acquisition in consumer and automotive electronics[14] - The packaging adhesive sector is seeing stable revenue growth due to effective cost reduction strategies and breakthroughs with core customers[15] - The company continues to maintain a good development momentum in the transportation sector, particularly in passenger vehicles and lithium battery new energy vehicles[14] Other Financial Metrics - The company reported a significant increase in other income, which rose by 178.16% to ¥19,939,884.38, compared to ¥7,168,554.73 in the previous year[8] - The company’s weighted average return on equity decreased to 2.74%, down from 4.30% in the previous year[4] - The company reported a 96.16% increase in taxes payable, amounting to ¥19,166,112.60, compared to ¥9,770,481.88 in the previous year[8] - Total operating costs for Q1 2024 were CNY 901,295,769.98, down 3.83% from CNY 937,123,597.67 in the previous year[21] - Accounts receivable rose to CNY 1,058,884,774.49, up 19.87% from CNY 883,328,748.93 at the beginning of the period[18] - Inventory decreased to CNY 451,615,822.05, down 6.43% from CNY 482,605,630.61[18] - The company acquired 51% of Anqing Hualan Technology Co., leading to a substantial increase in goodwill to ¥24,388,545.87[8] - The company reported an increase in intangible assets to CNY 290,048,503.48 from CNY 242,362,970.42, reflecting a growth of 19.66%[18] - The company’s capital reserve increased to CNY 874,836,186.10 from CNY 846,324,429.35, showing a growth of 3.37%[19] - The company’s repurchase account holds 19,700,707 shares, accounting for 3.52% of the total share capital[11] - The third-phase employee stock ownership plan holds 11,681,364 shares, representing 2.09% of the total share capital[12] Expansion and Production Capacity - The company is expanding its overseas production capacity with the opening of a factory in Vietnam, which is expected to enhance the supply of transparent grid backplanes[14]
回天新材(300041) - 2024 Q1 - 季度财报