泰和新材(002254) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥966,351,369.64, a decrease of 4.55% compared to ¥1,012,375,139.70 in the same period last year[13]. - Net profit attributable to shareholders was ¥25,178,989.47, down 81.43% from ¥135,585,184.65 year-on-year[13]. - Total operating revenue for the current period is ¥966,351,369.64, a decrease of 4.54% from ¥1,012,375,139.70 in the previous period[36]. - Total operating costs increased to ¥956,023,731.07, up 12.39% from ¥850,569,471.55 in the previous period[36]. - Operating profit decreased significantly to ¥22,427,291.95, down 86.31% from ¥163,811,132.21 in the previous period[37]. - Net profit for the current period is ¥12,416,560.02, a decline of 92.24% compared to ¥160,579,351.51 in the previous period[37]. - Comprehensive income attributable to the parent company was ¥25,178,989.47, down from ¥135,585,184.65, a decrease of approximately 81.45%[62]. - Basic earnings per share decreased to ¥0.03 from ¥0.16, a decline of 81.25%[62]. Cash Flow - Cash flow from operating activities was negative at -¥237,309,196.22, a decline of 474.64% compared to ¥63,343,251.57 in the same period last year[13]. - Cash flow from operating activities was ¥521,815,667.13, down from ¥813,146,801.85, a decrease of approximately 35.88%[62]. - Cash flow from operating activities showed a net outflow of $237.31 million, a significant decline compared to a net inflow of $63.34 million in the previous period[69]. - Cash inflow from investment activities totaled $454.21 million, a substantial increase from $143.14 million year-over-year[69]. - The company reported a cash flow from investment activities net outflow of $721.81 million, slightly improved from a net outflow of $755.23 million in the previous period[69]. - Net cash flow from financing activities was $747.07 million, a decrease from $2.91 billion in the previous year[70]. - The company's cash and cash equivalents at the end of the period stood at $1.88 billion, down from $3.31 billion at the end of the previous period[70]. Assets and Liabilities - Total current assets increased to ¥5,631,531,186.12 from ¥5,585,392,545.75, reflecting a growth of approximately 0.82%[57]. - Cash and cash equivalents decreased to ¥2,289,773,056.41 from ¥2,605,136,438.27, a decline of about 12.09%[56]. - Accounts receivable increased by 71.08% compared to the beginning of the year, primarily due to an increase in receivables not yet settled[16]. - Inventory increased to ¥1,362,788,854.59 from ¥1,212,505,176.92, representing a growth of about 12.39%[56]. - Total liabilities increased to ¥6,327,906,313.72 from ¥5,551,347,462.68, an increase of approximately 13.93%[59]. - Short-term borrowings surged to ¥1,256,420,333.39 from ¥659,298,130.56, reflecting an increase of about 90.56%[59]. - The company’s non-current assets due within one year decreased by 100% due to the maturity of long-term large deposits[44]. - Total equity decreased slightly to ¥8,109,204,201.36 from ¥8,069,168,951.85, a change of approximately 0.49%[65]. Expenses - Research and development expenses rose to ¥57,859,542.31, an increase of 16.67% from ¥49,612,596.62 in the previous period[37]. - Management expenses increased by 58.90% to ¥83,587,411.49 from ¥52,604,977.19 in the previous period[37]. Shareholder Actions - The company repurchased 6,696,626 shares, accounting for 0.78% of the total share capital, with a total payment of ¥78,804,042.50[30]. - The company plans to repurchase shares to enhance investor confidence and support future employee stock ownership plans[55]. Government Support - The company received government subsidies amounting to ¥25,207,613.95 during the period[4].