光威复材(300699) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥511,597,010.38, a decrease of 8.11% compared to ¥556,773,222.09 in the same period last year[3] - Net profit attributable to shareholders was ¥157,318,737.27, down 8.24% from ¥171,451,603.64 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥125,950,365.69, reflecting a decline of 19.58% compared to ¥156,606,437.85 in the previous year[3] - The net cash flow from operating activities was -¥267,931,449.74, a significant decrease of 196.50% from -¥90,365,081.95 in the same period last year[3] - Total revenue for Q1 2024 was ¥511,597,010.38, a decrease of 8.1% compared to ¥556,773,222.09 in Q1 2023[16] - The company reported a net profit margin improvement, with net profit for the quarter reflecting a positive trend despite revenue decline[16] - The net profit for Q1 2024 was CNY 149,042,706.36, a decrease of 8.5% compared to CNY 163,637,369.26 in Q1 2023[17] - Operating profit for Q1 2024 was CNY 168,415,972.73, down 12.7% from CNY 193,995,147.21 in Q1 2023[17] - The company reported a total comprehensive income of CNY 149,275,943.06 for Q1 2024, compared to CNY 161,330,614.13 in Q1 2023[18] - Basic earnings per share decreased to CNY 0.1899 from CNY 0.2067 in the previous year[18] Segment Performance - The fiber segment generated sales revenue of RMB 316 million, down 7.12% year-on-year, influenced by a decrease in general high-performance carbon fiber prices[12] - The energy new materials segment reported sales revenue of RMB 97 million, a decrease of 1.92% year-on-year[12] - The composite materials technology segment achieved sales revenue of RMB 30 million, an increase of 12.18% year-on-year[12] - The precision machinery segment's sales revenue was RMB 6.39 million, down 49.27% year-on-year due to some equipment products being pre-accepted but not yet shipped[12] - The light technology segment reported sales revenue of RMB 2 million, a decrease of 51.08% year-on-year[12] Cash Flow and Assets - The company's cash and cash equivalents decreased to ¥693,015,160.08 from ¥1,090,253,276.89, a decline of 36.4%[14] - Current assets totaled ¥3,623,067,730.81 as of March 31, 2024, a decrease of 2.3% from ¥3,707,113,268.38 at the beginning of the year[14] - Non-current assets increased to ¥3,464,974,666.47, up 3.4% from ¥3,350,472,985.56 at the start of the year[14] - Total liabilities amounted to ¥1,564,924,911.10, an increase from ¥1,527,654,673.70 in the previous quarter[15] - Inventory levels rose to ¥497,478,214.31, up 9.1% from ¥455,961,720.55 at the beginning of the year[14] - The cash flow from operating activities showed a net outflow of CNY -267,931,449.74, worsening from CNY -90,365,081.95 in Q1 2023[20] - Cash flow from investing activities resulted in a net outflow of CNY -172,360,999.84, compared to CNY -385,679,535.20 in Q1 2023[20] - The company’s total cash and cash equivalents at the end of the period were CNY 673,724,671.91, down from CNY 1,271,923,189.72 at the end of Q1 2023[20] Research and Development - R&D expenses increased by 72.54% to ¥5,968.95 compared to ¥3,459.41 in the previous year, indicating a focus on new product development[5] - Research and development expenses increased significantly to CNY 59,689,469.05, up 72.5% from CNY 34,594,146.43 in the previous year[17] - The company is focusing on developing new technologies and products to drive future growth[12] Future Outlook - The company plans to expand its market presence and enhance product offerings in response to changing demand dynamics[12] - Future outlook includes plans for market expansion and potential new product launches to drive revenue growth[16] Financial Reporting and Standards - The first quarter report for 2024 has not been audited[21] - The company is implementing new accounting standards starting in 2024[21] - The financial statement adjustments related to the new accounting standards will be reflected in the annual report[21] - The report was released by the board of directors on April 29, 2024[21] - There are no specific performance metrics or user data provided in the report[21] - Future outlook and performance guidance are not detailed in the report[21] - No information on new products or technologies is mentioned[21] - There are no updates on market expansion or mergers and acquisitions[21] - The report does not include any new strategic initiatives[21] - The company has not disclosed any financial figures or percentages in this report[21]