Financial Performance - The company's revenue for Q1 2024 was CNY 285,843,137.73, representing a 6.33% increase compared to CNY 268,824,274.64 in the same period last year[5] - Net profit attributable to shareholders decreased by 57.40% to CNY 3,110,755.65 from CNY 7,301,682.85 year-on-year[5] - Basic and diluted earnings per share fell by 57.45% to CNY 0.0120 from CNY 0.0282 in the same quarter last year[5] - Net profit for the quarter decreased to ¥3,811,829.68, down 49.1% from ¥7,503,589.83 in the same period last year[22] - Basic and diluted earnings per share were both ¥0.0120, a decrease from ¥0.0282 in the previous year[23] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -13,887,914.45, a decline of 176.91% compared to CNY 18,056,490.91 in the previous year[5] - Cash flow from operating activities showed a net outflow of ¥13,887,914.45, compared to a net inflow of ¥18,056,490.91 in the prior period[24] - The company's cash and cash equivalents decreased from RMB 396.1 million to RMB 333.2 million, a decline of about 15.9%[15] - Cash and cash equivalents at the end of the period totaled ¥229,814,780.44, down from ¥286,043,628.23 at the beginning of the period[26] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,764,182,844.79, down 1.71% from CNY 2,812,299,222.66 at the end of the previous year[5] - The total assets decreased from RMB 2,812.3 million at the beginning of the period to RMB 2,764.2 million at the end of the period, a reduction of approximately 1.7%[15] - The total liabilities decreased from RMB 1,234.4 million to RMB 1,196.4 million, a reduction of about 3.1%[19] - The company's equity attributable to shareholders decreased from RMB 1,567.8 million to RMB 1,556.2 million, a decline of approximately 0.7%[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 31,500[10] - The largest shareholder, Wang Zhiqing, holds 36.77% of the shares, totaling 95,270,000 shares[10] - The company repurchased 2 million shares, accounting for 0.7720% of the total share capital, with a total transaction amount of approximately RMB 15.1 million[13] - The company plans to change the purpose of the repurchased shares to cancellation and reduction of registered capital[14] Operational Costs and Expenses - Total operating costs rose to ¥279,606,169.23, up from ¥263,939,572.25, reflecting a 5.9% increase[21] - The company reported a significant increase in financial expenses, with interest expenses rising to ¥5,165,429.28 from ¥4,833,233.83[21] - Other income decreased to ¥552,783.15 from ¥1,118,850.54, indicating a decline of 50.7%[21] Inventory and Receivables - The accounts receivable increased from RMB 313.2 million to RMB 340.4 million, an increase of approximately 8.7%[15] - The company’s inventory decreased from RMB 115.4 million to RMB 111.1 million, a decline of about 3.7%[15] Non-Recurring Items - The company reported a non-recurring loss of CNY -757,059.27, mainly due to donations and asset disposal losses[6] - The decline in net profit was primarily due to a decrease in the gross margin of the main products, water treatment agents and derivatives[9] Foreign Exchange and Investment Activities - The company experienced a foreign exchange gain of ¥937,081.81, contrasting with a loss of ¥576,293.96 in the prior period[26] - Investment activities resulted in a net cash outflow of ¥70,947.93, compared to a net inflow of ¥35,451,622.43 in the previous year[26]
清水源(300437) - 2024 Q1 - 季度财报